Heron Bay Capital Management Has $3.79 Million Position in Amazon.com, Inc. (NASDAQ:AMZN)

Heron Bay Capital Management grew its stake in Amazon.com, Inc. (NASDAQ:AMZN) by 80.6% in the 3rd quarter, HoldingsChannel reports. The institutional investor owned 33,507 shares of the e-commerce giant’s stock after buying an additional 14,958 shares during the period. Amazon.com makes up 2.6% of Heron Bay Capital Management’s investment portfolio, making the stock its 14th biggest position. Heron Bay Capital Management’s holdings in Amazon.com were worth $3,786,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds also recently made changes to their positions in AMZN. Financial Enhancement Group LLC boosted its holdings in Amazon.com by 916.7% in the first quarter. Financial Enhancement Group LLC now owns 61 shares of the e-commerce giant’s stock worth $199,000 after acquiring an additional 55 shares in the last quarter. Bridgefront Capital LLC bought a new position in shares of Amazon.com in the first quarter valued at approximately $228,000. Krane Funds Advisors LLC increased its position in shares of Amazon.com by 239.1% during the first quarter. Krane Funds Advisors LLC now owns 78 shares of the e-commerce giant’s stock valued at $254,000 after acquiring an additional 55 shares during the last quarter. Range Financial Group LLC purchased a new stake in shares of Amazon.com during the first quarter valued at approximately $258,000. Finally, My Personal CFO LLC purchased a new stake in shares of Amazon.com during the first quarter valued at approximately $261,000. Institutional investors and hedge funds own 57.64% of the company’s stock.

Analyst Upgrades and Downgrades

A number of analysts have issued reports on the company. Jefferies Financial Group decreased their target price on Amazon.com from $165.00 to $135.00 and set a “buy” rating for the company in a research report on Friday, October 28th. Credit Suisse Group dropped their price objective on Amazon.com from $159.00 to $142.00 and set an “outperform” rating for the company in a research note on Friday, October 28th. The Goldman Sachs Group reissued a “buy” rating and set a $165.00 price objective on shares of Amazon.com in a research note on Monday, November 28th. Raymond James dropped their price target on Amazon.com from $164.00 to $130.00 and set an “outperform” rating for the company in a research note on Friday, October 28th. Finally, Erste Group Bank lowered Amazon.com from a “buy” rating to a “hold” rating in a research note on Friday, November 18th. Two investment 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 company’s stock. According to MarketBeat.com, Amazon.com currently has a consensus rating of “Moderate Buy” and an average target price of $147.12.

Insider Activity at Amazon.com

In other news, VP Shelley Reynolds sold 3,500 shares of the company’s stock in a transaction dated Monday, November 21st. The shares were sold at an average price of $94.00, for a total transaction of $329,000.00. Following the completion of the transaction, the vice president now owns 119,780 shares in the company, valued at $11,259,320. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. In other Amazon.com news, CEO Adam Selipsky sold 520 shares of the company’s stock in a transaction dated Monday, October 17th. The shares were sold at an average price of $112.20, for a total value of $58,344.00. Following the completion of the sale, the chief executive officer now directly owns 113,640 shares of the company’s stock, valued at approximately $12,750,408. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, VP Shelley Reynolds sold 3,500 shares of the company’s stock in a transaction dated Monday, November 21st. The shares were sold at an average price of $94.00, for a total transaction of $329,000.00. Following the sale, the vice president now directly owns 119,780 shares of the company’s stock, valued at $11,259,320. The disclosure for this sale can be found here. Insiders have sold 52,948 shares of company stock valued at $5,135,922 over the last ninety days. Corporate insiders own 12.70% of the company’s stock.

Amazon.com Price Performance

Amazon.com stock opened at $83.12 on Friday. Amazon.com, Inc. has a 1 year low of $81.69 and a 1 year high of $170.83. The firm has a 50 day moving average price of $90.86 and a 200 day moving average price of $111.50. The company has a market cap of $847.96 billion, a price-to-earnings ratio of 76.29, a PEG ratio of 2.73 and a beta of 1.22. The company has a debt-to-equity ratio of 0.43, a quick ratio of 0.68 and a current ratio of 0.94.

Amazon.com (NASDAQ:AMZN – Get Rating) last announced its quarterly earnings results on Thursday, October 27th. The e-commerce giant reported $0.20 earnings per share for the quarter, missing analysts’ consensus estimates of $0.22 by ($0.02). 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 for the quarter, compared to analyst estimates of $127.47 billion. During the same period last year, the firm earned $0.31 earnings per share. The company’s quarterly revenue was up 14.7% on a year-over-year basis. Sell-side analysts predict that Amazon.com, Inc. will post 0.69 earnings per share for the current year.

About Amazon.com

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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.