Adell Harriman & Carpenter Inc. Raises Holdings in Amazon.com, Inc. (NASDAQ:AMZN)

Adell Harriman & Carpenter Inc. grew its stake in Amazon.com, Inc. (NASDAQ:AMZNGet Rating) by 3.2% during the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 10,127 shares of the e-commerce giant’s stock after acquiring an additional 312 shares during the period. Amazon.com accounts for 3.2% of Adell Harriman & Carpenter Inc.’s holdings, making the stock its 5th biggest holding. Adell Harriman & Carpenter Inc.’s holdings in Amazon.com were worth $33,016,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds have also added to or reduced their stakes in AMZN. Stuart Chaussee & Associates Inc. purchased a new stake in Amazon.com during the fourth quarter valued at approximately $27,000. Gibson Wealth Advisors LLC purchased a new stake in Amazon.com during the fourth quarter valued at approximately $33,000. Leverty Financial Group LLC purchased a new stake in Amazon.com during the fourth quarter valued at approximately $36,000. MBM Wealth Consultants LLC lifted its position in Amazon.com by 57.1% during the fourth quarter. MBM Wealth Consultants LLC now owns 11 shares of the e-commerce giant’s stock valued at $37,000 after acquiring an additional 4 shares during the last quarter. Finally, Industrial Alliance Investment Management Inc. purchased a new stake in Amazon.com during the fourth quarter valued at approximately $39,000. 72.51% of the stock is currently owned by institutional investors.

Insider Transactions at Amazon.com

In other news, VP Shelley Reynolds sold 173 shares of the business’s stock in a transaction that occurred on Monday, May 23rd. The shares were sold at an average price of $2,169.22, for a total transaction of $375,275.06. Following the completion of the sale, the vice president now owns 5,989 shares in the company, valued at approximately $12,991,458.58. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. In related news, SVP David Zapolsky sold 418 shares of the company’s stock in a transaction on Monday, May 23rd. The shares were sold at an average price of $2,169.22, for a total value of $906,733.96. Following the completion of the sale, the senior vice president now owns 3,537 shares in the company, valued at approximately $7,672,531.14. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, VP Shelley Reynolds sold 173 shares of the company’s stock in a transaction on Monday, May 23rd. The shares were sold at an average price of $2,169.22, for a total transaction of $375,275.06. Following the completion of the sale, the vice president now owns 5,989 shares of the company’s stock, valued at approximately $12,991,458.58. The disclosure for this sale can be found here. In the last quarter, insiders sold 4,803 shares of company stock worth $10,528,337. 12.70% of the stock is currently owned by insiders.

Wall Street Analyst Weigh In

A number of research analysts have issued reports on AMZN shares. Royal Bank of Canada decreased their price target on shares of Amazon.com from $194.00 to $175.00 in a report on Friday, April 29th. Needham & Company LLC decreased their price target on shares of Amazon.com from $207.50 to $175.00 in a report on Friday, April 29th. Deutsche Bank Aktiengesellschaft raised their price target on shares of Amazon.com from $155.00 to $175.00 and gave the stock a “maintains” rating in a report on Friday. Tigress Financial reaffirmed a “buy” rating and issued a $232.00 price target on shares of Amazon.com in a report on Wednesday, June 29th. Finally, Stifel Nicolaus raised their price target on shares of Amazon.com from $185.00 to $200.00 and gave the stock a “maintains” rating in a report on Friday. Three investment analysts have rated the stock with a sell rating, one has issued a hold rating and thirty have given a buy rating to the company. According to data from MarketBeat, Amazon.com has an average rating of “Moderate Buy” and an average price target of $179.45.

Amazon.com Trading Up 10.4 %

Shares of AMZN stock opened at $134.95 on Monday. The company has a debt-to-equity ratio of 0.35, a quick ratio of 0.71 and a current ratio of 0.96. The stock has a market capitalization of $1.37 trillion, a P/E ratio of 65.15, a price-to-earnings-growth ratio of 4.38 and a beta of 1.25. The company has a 50 day moving average price of $114.13 and a 200 day moving average price of $134.90. Amazon.com, Inc. has a fifty-two week low of $101.26 and a fifty-two week high of $188.11.

Amazon.com (NASDAQ:AMZNGet Rating) last issued its quarterly earnings data on Thursday, July 28th. The e-commerce giant reported ($0.20) earnings per share for the quarter, missing the consensus estimate of $0.15 by ($0.35). The company had revenue of $121.23 billion for the quarter, compared to analysts’ expectations of $119.16 billion. Amazon.com had a return on equity of 21.60% and a net margin of 4.48%. The firm’s quarterly revenue was up 7.2% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $0.76 EPS. Equities research analysts predict that Amazon.com, Inc. will post 1.12 EPS for the current fiscal year.

About Amazon.com

(Get Rating)

Amazon.com, Inc engages in the retail sale of consumer products and subscriptions in North America and internationally. The company operates through three segments: North America, International, and Amazon Web Services (AWS). It sells merchandise and content purchased for resale from third-party sellers through physical and online stores.

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Institutional Ownership by Quarter for Amazon.com (NASDAQ:AMZN)

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