Cornerstone Capital Inc. Has $27.27 Million Position in Amazon.com, Inc. (NASDAQ:AMZN)

Cornerstone Capital Inc. raised its position in Amazon.com, Inc. (NASDAQ:AMZN) by 5.3% in the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 241,279 shares of the e-commerce giant’s stock after purchasing an additional 12,058 shares during the period. Amazon.com accounts for 3.8% of Cornerstone Capital Inc.’s investment portfolio, making the stock its 5th biggest position. Cornerstone Capital Inc.’s holdings in Amazon.com were worth $27,265,000 at the end of the most recent quarter.

Several other large investors have also recently bought and sold shares of the company. Kavar Capital Partners Group LLC raised its position in shares of Amazon.com by 7.6% during the 1st quarter. Kavar Capital Partners Group LLC now owns 1,121 shares of the e-commerce giant’s stock valued at $3,654,000 after buying an additional 79 shares in the last quarter. IFM Investors Pty Ltd raised its position in shares of Amazon.com by 21.8% during the 1st quarter. IFM Investors Pty Ltd now owns 72,911 shares of the e-commerce giant’s stock valued at $237,686,000 after buying an additional 13,060 shares in the last quarter. Ironwood Wealth Management LLC. raised its position in shares of Amazon.com by 0.8% during the 1st quarter. Ironwood Wealth Management LLC. now owns 1,810 shares of the e-commerce giant’s stock valued at $5,901,000 after buying an additional 15 shares in the last quarter. Markel Corp raised its position in shares of Amazon.com by 0.6% during the 1st quarter. Markel Corp now owns 99,068 shares of the e-commerce giant’s stock valued at $322,956,000 after buying an additional 550 shares in the last quarter. Finally, Leelyn Smith LLC raised its position in shares of Amazon.com by 24.8% during the 1st quarter. Leelyn Smith LLC now owns 2,721 shares of the e-commerce giant’s stock valued at $8,870,000 after buying an additional 540 shares in the last quarter. 57.64% of the stock is owned by institutional investors.

Insider Activity

In other news, VP Shelley Reynolds sold 3,500 shares of the business’s stock in a transaction that occurred on 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 directly owns 119,780 shares of the company’s stock, valued at $11,259,320. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. In other news, VP Shelley Reynolds sold 3,500 shares of the business’s stock in a transaction that occurred on 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 directly owns 119,780 shares of the company’s stock, valued at $11,259,320. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CEO Adam Selipsky sold 345 shares of the business’s stock in a transaction that occurred on Tuesday, November 1st. The shares were sold at an average price of $102.00, for a total transaction of $35,190.00. Following the transaction, the chief executive officer now directly owns 112,795 shares of the company’s stock, valued at $11,505,090. The disclosure for this sale can be found here. Insiders sold 52,428 shares of company stock valued at $5,077,578 over the last three months. Insiders own 12.70% of the company’s stock.

Analysts Set New Price Targets

Several analysts have recently weighed in on the stock. Wolfe Research lowered their price objective on shares of Amazon.com from $150.00 to $130.00 and set an “outperform” rating on the stock in a research report on Friday, October 28th. Monness Crespi & Hardt decreased their target price on shares of Amazon.com from $172.00 to $136.00 and set a “buy” rating on the stock in a research report on Friday, October 28th. Wells Fargo & Company decreased their target price on shares of Amazon.com from $200.00 to $155.00 and set an “overweight” rating on the stock in a research report on Friday, October 28th. Morgan Stanley decreased their target price on shares of Amazon.com from $175.00 to $140.00 and set an “overweight” rating on the stock in a research report on Friday, October 28th. Finally, Cowen lifted their target price on shares of Amazon.com from $150.00 to $160.00 and gave the stock an “outperform” rating in a research report on Thursday, December 1st. Two investment analysts have rated the stock with a sell rating, three have issued a hold rating and forty-two have assigned a buy rating to the company. According to data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $145.56.

Amazon.com Trading Down 1.2 %

Shares of NASDAQ AMZN opened at $96.32 on Wednesday. The company has a debt-to-equity ratio of 0.43, a quick ratio of 0.68 and a current ratio of 0.94. The firm’s 50 day moving average price is $90.65 and its 200-day moving average price is $109.96. Amazon.com, Inc. has a 52-week low of $81.43 and a 52-week high of $170.83. The company has a market cap of $982.62 billion, a PE ratio of 88.41, a P/E/G ratio of 3.06 and a beta of 1.22.

Amazon.com (NASDAQ:AMZNGet Rating) last released its quarterly earnings data on Thursday, October 27th. The e-commerce giant reported $0.20 earnings per share for the quarter, missing the consensus estimate 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 for the quarter, compared to analysts’ expectations of $127.47 billion. During the same period in the previous year, the firm earned $0.31 earnings per share. The firm’s revenue for the quarter was up 14.7% on a year-over-year basis. On average, equities research analysts expect that Amazon.com, Inc. will post 0.68 EPS for the current fiscal year.

About Amazon.com

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Amazon.com, Inc is a multinational technology company, which engages in the provision of online retail shopping services. It operates through the following business segments: North America, International, and Amazon Web Services (AWS). The North America segment includes retail sales of consumer products and subscriptions through North American-focused websites such as www.amazon.com and www.amazon.ca.

Further Reading

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

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