Amazon.com, Inc. (NASDAQ:AMZN) Shares Purchased by CHURCHILL MANAGEMENT Corp

CHURCHILL MANAGEMENT Corp boosted its holdings in Amazon.com, Inc. (NASDAQ:AMZN) by 309.2% during the 2nd quarter, according to the company in its most recent disclosure with the SEC. The fund owned 30,910 shares of the e-commerce giant’s stock after buying an additional 23,357 shares during the quarter. CHURCHILL MANAGEMENT Corp’s holdings in Amazon.com were worth $3,283,000 as of its most recent SEC filing.

Other hedge funds have also recently added to or reduced their stakes in the company. Gibson Wealth Advisors LLC acquired a new position in Amazon.com in the fourth quarter worth approximately $33,000. MBM Wealth Consultants LLC grew its position in Amazon.com by 57.1% during the 4th quarter. MBM Wealth Consultants LLC now owns 11 shares of the e-commerce giant’s stock worth $37,000 after purchasing an additional 4 shares in the last quarter. Swaine & Leidel Wealth Services LLC purchased a new position in Amazon.com during the 1st quarter worth approximately $38,000. William Allan LLC purchased a new position in Amazon.com during the 4th quarter worth approximately $47,000. Finally, Cardinal Capital Management Inc. purchased a new position in Amazon.com during the 1st quarter worth approximately $49,000. Institutional investors and hedge funds own 57.15% of the company’s stock.

Insider Buying and Selling at Amazon.com

In other Amazon.com news, CEO Adam Selipsky sold 520 shares of the business’s stock in a transaction dated Wednesday, September 14th. The shares were sold at an average price of $127.43, for a total value of $66,263.60. Following the transaction, the chief executive officer now directly owns 115,680 shares in the company, valued at $14,741,102.40. The transaction was disclosed in a document filed with the SEC, which is available through this link. In other news, CEO Adam Selipsky sold 520 shares of the company’s stock in a transaction that occurred on Wednesday, September 14th. The shares were sold at an average price of $127.43, for a total transaction of $66,263.60. Following the transaction, the chief executive officer now directly owns 115,680 shares in the company, valued at $14,741,102.40. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, SVP David Zapolsky sold 10,480 shares of the company’s stock in a transaction that occurred on Tuesday, August 16th. The stock was sold at an average price of $145.01, for a total transaction of $1,519,704.80. Following the transaction, the senior vice president now owns 60,260 shares in the company, valued at $8,738,302.60. The disclosure for this sale can be found here. Insiders have sold a total of 70,628 shares of company stock worth $9,802,599 over the last ninety days. Corporate insiders own 12.70% of the company’s stock.

Wall Street Analysts Forecast Growth

AMZN has been the topic of several research analyst reports. Loop Capital lowered their price objective on shares of Amazon.com from $187.50 to $141.25 and set a “buy” rating on the stock in a research report on Friday, May 27th. Itau BBA Securities initiated coverage on shares of Amazon.com in a research report on Tuesday, July 26th. They set an “outperform” rating and a $146.00 price objective on the stock. Citigroup lifted their price objective on shares of Amazon.com to $185.00 in a research report on Tuesday, August 9th. Truist Financial reissued a “buy” rating and set a $175.00 target price on shares of Amazon.com in a research note on Friday, June 17th. Finally, Wolfe Research lifted their target price on shares of Amazon.com from $140.00 to $170.00 and gave the company an “outperform” rating in a research note on Friday, July 29th. Two equities research analysts have rated the stock with a sell rating, two have assigned a hold rating and thirty-six have assigned a buy rating to the stock. According to data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $176.61.

Amazon.com Stock Performance

NASDAQ AMZN opened at $124.66 on Tuesday. The stock has a market cap of $1.27 trillion, a P/E ratio of 111.75, a PEG ratio of 5.51 and a beta of 1.33. Amazon.com, Inc. has a twelve month low of $101.26 and a twelve month high of $188.11. The company has a quick ratio of 0.68, a current ratio of 0.95 and a debt-to-equity ratio of 0.44. The company’s 50-day simple moving average is $129.52 and its 200 day simple moving average is $130.59.

Amazon.com (NASDAQ:AMZNGet Rating) last released its quarterly earnings results on Thursday, July 28th. The e-commerce giant reported ($0.20) EPS for the quarter, missing analysts’ consensus estimates of $0.15 by ($0.35). The firm had revenue of $121.23 billion during the quarter, compared to analyst estimates of $119.16 billion. Amazon.com had a net margin of 2.39% and a return on equity of 15.79%. Amazon.com’s quarterly revenue was up 7.2% on a year-over-year basis. During the same quarter last year, the firm earned $0.76 earnings per share. As a group, research analysts forecast that Amazon.com, Inc. will post 0.99 earnings per share for the current fiscal year.

Amazon.com Company Profile

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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.

Further Reading

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

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