Carl P. Sherr & Co. LLC Raises Position in Amazon.com, Inc. (NASDAQ:AMZN)

Carl P. Sherr & Co. LLC grew its holdings in shares of Amazon.com, Inc. (NASDAQ:AMZN) by 2,213.2% during the second quarter, HoldingsChannel reports. The firm owned 4,719 shares of the e-commerce giant’s stock after purchasing an additional 4,515 shares during the quarter. Carl P. Sherr & Co. LLC’s holdings in Amazon.com were worth $501,000 at the end of the most recent quarter.

A number of other large investors also recently made changes to their positions in the business. Savior LLC raised its position in shares of Amazon.com by 1,085.0% in the 2nd quarter. Savior LLC now owns 237 shares of the e-commerce giant’s stock worth $25,000 after buying an additional 217 shares during the period. Rocky Mountain Advisers LLC raised its position in shares of Amazon.com by 1,311.8% in the 2nd quarter. Rocky Mountain Advisers LLC now owns 240 shares of the e-commerce giant’s stock worth $25,000 after buying an additional 223 shares during the period. Maryland Capital Advisors Inc. raised its position in shares of Amazon.com by 1,900.0% in the 2nd quarter. Maryland Capital Advisors Inc. now owns 300 shares of the e-commerce giant’s stock worth $32,000 after buying an additional 285 shares during the period. West Financial Advisors LLC raised its position in shares of Amazon.com by 1,584.2% in the 2nd quarter. West Financial Advisors LLC now owns 320 shares of the e-commerce giant’s stock worth $34,000 after buying an additional 301 shares during the period. Finally, Swaine & Leidel Wealth Services LLC purchased a new position in shares of Amazon.com in the 1st quarter worth $38,000. Hedge funds and other institutional investors own 57.15% of the company’s stock.

Analysts Set New Price Targets

AMZN has been the topic of several research reports. Telsey Advisory Group cut their target price on Amazon.com from $150.00 to $140.00 and set an “outperform” rating on the stock in a research report on Friday, October 28th. Benchmark cut their price objective on Amazon.com from $160.00 to $125.00 and set a “buy” rating on the stock in a research report on Friday, October 28th. Royal Bank of Canada cut their price objective on Amazon.com from $175.00 to $135.00 and set an “outperform” rating on the stock in a research report on Friday, October 28th. Moffett Nathanson began coverage on Amazon.com in a research report on Tuesday, November 15th. They issued an “outperform” rating and a $118.00 price objective on the stock. Finally, Cowen cut their price objective on Amazon.com from $195.00 to $150.00 and set an “outperform” rating on the stock in a research report on Friday, October 28th. Two research analysts have rated the stock with a sell rating, three have given a hold rating and forty-two have assigned a buy rating to the stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average target price of $150.89.

Amazon.com Trading Down 0.7 %

Amazon.com stock opened at $94.14 on Monday. The company’s fifty day simple moving average is $110.68 and its 200-day simple moving average is $117.08. The company has a quick ratio of 0.68, a current ratio of 0.94 and a debt-to-equity ratio of 0.43. Amazon.com, Inc. has a 12 month low of $85.87 and a 12 month high of $188.11. The stock has a market cap of $960.38 billion, a P/E ratio of 86.41, a P/E/G ratio of 7.48 and a beta of 1.23.

Amazon.com (NASDAQ:AMZNGet Rating) last released its quarterly earnings data on Thursday, October 27th. The e-commerce giant reported $0.28 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.22 by $0.06. Amazon.com had a net margin of 2.25% and a return on equity of 14.44%. The business had revenue of $127.10 billion during the quarter, compared to analyst estimates of $127.47 billion. During the same quarter in the previous year, the business earned $0.31 EPS. Amazon.com’s quarterly revenue was up 14.7% compared to the same quarter last year. As a group, sell-side analysts forecast that Amazon.com, Inc. will post 0.74 EPS for the current fiscal year.

Insider Activity at Amazon.com

In related news, major shareholder Amazon Com Inc sold 250,000 shares of Amazon.com stock in a transaction on Friday, October 7th. The shares were sold at an average price of $23.61, for a total value of $5,902,500.00. Following the completion of the sale, the insider now owns 14,178,445 shares of the company’s stock, valued at approximately $334,753,086.45. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. In other Amazon.com news, CEO Adam Selipsky sold 520 shares of the business’s stock in a transaction on Thursday, September 29th. The shares were sold at an average price of $114.61, for a total transaction of $59,597.20. Following the completion of the transaction, the chief executive officer now owns 114,660 shares of the company’s stock, valued at approximately $13,141,182.60. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, major shareholder Amazon Com Inc sold 250,000 shares of the business’s stock in a transaction on Friday, October 7th. The stock was sold at an average price of $23.61, for a total transaction of $5,902,500.00. Following the transaction, the insider now directly owns 14,178,445 shares of the company’s stock, valued at approximately $334,753,086.45. The disclosure for this sale can be found here. In the last 90 days, insiders sold 269,412 shares of company stock valued at $7,914,139. Insiders own 12.70% of the company’s stock.

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.

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

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