Manchester Financial Inc. Has $812,000 Holdings in Amazon.com, Inc. (NASDAQ:AMZN)

Manchester Financial Inc. increased its holdings in Amazon.com, Inc. (NASDAQ:AMZN – Get Rating) by 3.6% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 9,663 shares of the e-commerce giant’s stock after acquiring an additional 338 shares during the period. Manchester Financial Inc.’s holdings in Amazon.com were worth $812,000 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Bridgefront Capital LLC acquired a new stake in shares of Amazon.com in the 1st quarter worth about $228,000. Krane Funds Advisors LLC increased its stake in Amazon.com by 239.1% in the 1st quarter. Krane Funds Advisors LLC now owns 78 shares of the e-commerce giant’s stock valued at $254,000 after buying an additional 55 shares during the last quarter. Range Financial Group LLC purchased a new stake in Amazon.com in the 1st quarter valued at about $258,000. My Personal CFO LLC purchased a new stake in Amazon.com in the 1st quarter valued at about $261,000. Finally, Worth Asset Management LLC purchased a new stake in Amazon.com in the 1st quarter valued at about $191,000. Institutional investors and hedge funds own 57.64% of the company’s stock.

Insider Buying and Selling

In other Amazon.com news, CEO Douglas J. Herrington sold 4,000 shares of the business’s stock in a transaction dated Wednesday, March 1st. The shares were sold at an average price of $93.80, for a total value of $375,200.00. Following the transaction, the chief executive officer now owns 560,298 shares in the company, valued at $52,555,952.40. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. In other Amazon.com news, CFO Brian T. Olsavsky sold 16,800 shares of the business’s stock in a transaction dated Monday, May 22nd. The shares were sold at an average price of $116.69, for a total value of $1,960,392.00. Following the transaction, the chief financial officer now owns 49,000 shares in the company, valued at $5,717,810. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, CEO Douglas J. Herrington sold 4,000 shares of the business’s stock in a transaction dated Wednesday, March 1st. The shares were sold at an average price of $93.80, for a total transaction of $375,200.00. Following the completion of the transaction, the chief executive officer now owns 560,298 shares in the company, valued at approximately $52,555,952.40. The disclosure for this sale can be found here. Insiders have sold a total of 75,144 shares of company stock worth $8,405,887 in the last 90 days. 12.70% of the stock is owned by company insiders.

Wall Street Analysts Forecast Growth

Several research firms have commented on AMZN. Robert W. Baird increased their price objective on shares of Amazon.com from $125.00 to $130.00 in a research note on Friday, April 28th. Mizuho raised their price target on shares of Amazon.com from $135.00 to $145.00 in a research note on Friday, April 28th. Barclays decreased their price target on shares of Amazon.com from $150.00 to $140.00 in a research note on Friday, April 28th. Moffett Nathanson decreased their price target on shares of Amazon.com from $119.00 to $116.00 and set an “outperform” rating for the company in a research note on Monday, April 24th. Finally, UBS Group raised their price target on shares of Amazon.com from $125.00 to $130.00 in a research note on Friday, April 28th. Three investment analysts have rated the stock with a hold rating and forty-one have given a buy rating to the stock. According to MarketBeat.com, Amazon.com has an average rating of “Moderate Buy” and an average target price of $143.12.

Amazon.com Price Performance

Shares of NASDAQ:AMZN opened at $114.99 on Wednesday. The stock has a market cap of $1.18 trillion, a PE ratio of 273.79, a PEG ratio of 4.04 and a beta of 1.26. The company’s fifty day moving average is $104.48 and its 200 day moving average is $97.42. Amazon.com, Inc. has a 52 week low of $81.43 and a 52 week high of $146.57. The company has a quick ratio of 0.69, a current ratio of 0.92 and a debt-to-equity ratio of 0.43.

Amazon.com (NASDAQ:AMZN – Get Rating) last issued its earnings results on Thursday, April 27th. The e-commerce giant reported $0.31 EPS for the quarter, topping analysts’ consensus estimates of $0.22 by $0.09. The company had revenue of $127.36 billion for the quarter, compared to analysts’ expectations of $124.57 billion. Amazon.com had a net margin of 0.82% and a return on equity of 5.85%. The firm’s revenue was up 9.4% compared to the same quarter last year. During the same quarter last year, the company earned $0.21 EPS. Research analysts anticipate that Amazon.com, Inc. will post 1.57 earnings per share for the current 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 segments: North America, International, and Amazon Web Services (AWS). The North America segment is involved in the retail sales of consumer products including from sellers and subscriptions through North America-focused online and physical stores.