Amazon.com, Inc. (NASDAQ:AMZN) Stake Boosted by Mitchell Sinkler & Starr PA

Mitchell Sinkler & Starr PA increased its stake in Amazon.com, Inc. (NASDAQ:AMZN) by 4.3% during the third quarter, HoldingsChannel reports. The firm owned 32,215 shares of the e-commerce giant’s stock after acquiring an additional 1,335 shares during the period. Amazon.com accounts for approximately 1.4% of Mitchell Sinkler & Starr PA’s holdings, making the stock its 22nd biggest position. Mitchell Sinkler & Starr PA’s holdings in Amazon.com were worth $3,640,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors have also recently bought and sold shares of AMZN. Savior LLC increased its stake in 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 purchasing an additional 217 shares in the last quarter. Rocky Mountain Advisers LLC grew its stake in Amazon.com by 1,311.8% during the 2nd quarter. Rocky Mountain Advisers LLC now owns 240 shares of the e-commerce giant’s stock valued at $25,000 after acquiring an additional 223 shares in the last quarter. Iron Horse Wealth Management LLC grew its stake in Amazon.com by 4,540.0% during the 2nd quarter. Iron Horse Wealth Management LLC now owns 232 shares of the e-commerce giant’s stock valued at $25,000 after acquiring an additional 227 shares in the last quarter. Wells Financial Advisors INC grew its stake in Amazon.com by 1,900.0% during the 2nd quarter. Wells Financial Advisors INC now owns 280 shares of the e-commerce giant’s stock valued at $30,000 after acquiring an additional 266 shares in the last quarter. Finally, Maryland Capital Advisors Inc. grew its stake in Amazon.com by 1,900.0% during the 2nd quarter. Maryland Capital Advisors Inc. now owns 300 shares of the e-commerce giant’s stock valued at $32,000 after acquiring an additional 285 shares in the last quarter. Hedge funds and other institutional investors own 57.64% of the company’s stock.

Amazon.com Stock Performance

Shares of NASDAQ AMZN opened at $96.05 on Wednesday. The business has a fifty day simple moving average of $90.67 and a 200 day simple moving average of $110.59. The company has a current ratio of 0.94, a quick ratio of 0.68 and a debt-to-equity ratio of 0.43. The firm has a market capitalization of $979.87 billion, a price-to-earnings ratio of 88.16, a PEG ratio of 3.09 and a beta of 1.22. Amazon.com, Inc. has a one year low of $81.43 and a one year high of $170.83.

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 company had revenue of $127.10 billion during the quarter, compared to the consensus estimate of $127.47 billion. During the same quarter last year, the company earned $0.31 earnings per share. The business’s revenue was up 14.7% on a year-over-year basis. Sell-side analysts expect that Amazon.com, Inc. will post 0.68 EPS for the current year.

Analysts Set New Price Targets

Several equities analysts have weighed in on AMZN shares. Atlantic Securities lowered their target price on Amazon.com from $160.00 to $120.00 and set an “overweight” rating on the stock in a research note on Friday, October 28th. JMP Securities lowered their target price on Amazon.com from $150.00 to $140.00 and set an “outperform” rating on the stock in a research note on Friday, October 28th. Raymond James lowered 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. Needham & Company LLC lowered their price target on Amazon.com from $175.00 to $120.00 and set a “buy” rating for the company in a research note on Friday, October 28th. Finally, Jefferies Financial Group lowered their price target on Amazon.com from $165.00 to $135.00 and set a “buy” rating for the company in a research note on Friday, October 28th. Two equities research analysts have rated the stock with a sell rating, three have assigned a hold rating and forty-two have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $146.29.

Insider Buying and Selling at Amazon.com

In other Amazon.com news, CEO Adam Selipsky sold 345 shares of the company’s stock in a transaction on Tuesday, November 1st. The stock was sold at an average price of $102.00, for a total value of $35,190.00. Following the sale, the chief executive officer now directly owns 112,795 shares in the company, valued at $11,505,090. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. In other Amazon.com news, CEO Adam Selipsky sold 345 shares of the company’s stock in a transaction on Tuesday, November 1st. The stock was sold at an average price of $102.00, for a total value of $35,190.00. Following the sale, the chief executive officer now directly owns 112,795 shares in the company, valued at $11,505,090. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, VP Shelley Reynolds sold 3,500 shares of the company’s stock in a transaction on Monday, November 21st. The shares were sold at an average price of $94.00, for a total value of $329,000.00. Following the completion of the sale, the vice president now owns 119,780 shares in the company, valued at $11,259,320. The disclosure for this sale can be found here. Insiders have sold 52,428 shares of company stock worth $5,077,578 over the last three months. Company insiders own 12.70% of the company’s stock.

Amazon.com Company Profile

(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.