Hamel Associates Inc. Sells 230 Shares of Amazon.com, Inc. (NASDAQ:AMZN)

Hamel Associates Inc. cut its holdings in shares of Amazon.com, Inc. (NASDAQ:AMZN) by 5.1% in the third quarter, HoldingsChannel.com reports. The institutional investor owned 4,280 shares of the e-commerce giant’s stock after selling 230 shares during the quarter. Hamel Associates Inc.’s holdings in Amazon.com were worth $544,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors also recently bought and sold shares of the business. Vanguard Group Inc. raised its position in Amazon.com by 1.8% during the 3rd quarter. Vanguard Group Inc. now owns 701,550,877 shares of the e-commerce giant’s stock worth $79,275,249,000 after buying an additional 12,456,995 shares during the last quarter. State Street Corp raised its position in Amazon.com by 1.2% during the 2nd quarter. State Street Corp now owns 335,869,897 shares of the e-commerce giant’s stock worth $43,784,000,000 after buying an additional 3,970,330 shares during the last quarter. Price T Rowe Associates Inc. MD raised its position in Amazon.com by 1,838.8% during the 2nd quarter. Price T Rowe Associates Inc. MD now owns 311,971,394 shares of the e-commerce giant’s stock worth $33,134,481,000 after buying an additional 295,880,050 shares during the last quarter. FMR LLC raised its position in Amazon.com by 1,792.4% during the 2nd quarter. FMR LLC now owns 286,047,356 shares of the e-commerce giant’s stock worth $30,381,089,000 after buying an additional 270,931,640 shares during the last quarter. Finally, Geode Capital Management LLC raised its position in Amazon.com by 2.9% during the 2nd quarter. Geode Capital Management LLC now owns 170,151,722 shares of the e-commerce giant’s stock worth $22,116,108,000 after buying an additional 4,842,542 shares during the last quarter. 57.96% of the stock is owned by hedge funds and other institutional investors.

Amazon.com Stock Up 2.7 %

Shares of AMZN opened at $174.45 on Monday. The firm has a market cap of $1.81 trillion, a P/E ratio of 60.16, a price-to-earnings-growth ratio of 1.54 and a beta of 1.14. Amazon.com, Inc. has a 12-month low of $88.12 and a 12-month high of $175.00. The company’s 50-day moving average price is $154.41 and its 200 day moving average price is $142.30. The company has a current ratio of 1.05, a quick ratio of 0.84 and a debt-to-equity ratio of 0.29.

Amazon.com (NASDAQ:AMZNGet Free Report) last issued its quarterly earnings data on Thursday, February 1st. The e-commerce giant reported $1.00 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.81 by $0.19. The firm had revenue of $169.96 billion for the quarter, compared to analyst estimates of $165.96 billion. Amazon.com had a net margin of 5.29% and a return on equity of 16.61%. Amazon.com’s revenue was up 13.9% on a year-over-year basis. During the same period in the previous year, the firm earned $0.21 EPS. On average, sell-side analysts forecast that Amazon.com, Inc. will post 4.03 earnings per share for the current year.

Wall Street Analysts Forecast Growth

Several research firms have recently weighed in on AMZN. Sanford C. Bernstein lifted their target price on shares of Amazon.com from $175.00 to $200.00 and gave the company an “outperform” rating in a report on Friday, February 2nd. Wedbush lifted their target price on shares of Amazon.com from $210.00 to $220.00 and gave the company an “outperform” rating in a report on Friday, February 2nd. Stifel Nicolaus lifted their target price on shares of Amazon.com from $175.00 to $200.00 and gave the company a “buy” rating in a report on Friday, February 2nd. Rosenblatt Securities lifted their target price on shares of Amazon.com from $184.00 to $185.00 and gave the company a “buy” rating in a report on Friday, October 27th. Finally, Morgan Stanley lifted their target price on shares of Amazon.com from $185.00 to $200.00 and gave the company an “overweight” rating in a report on Friday, February 2nd. One equities research analyst has rated the stock with a hold rating, forty-three have issued a buy rating and one has issued a strong buy rating to the company’s stock. According to data from MarketBeat, the stock currently has an average rating of “Buy” and a consensus target price of $197.95.

Read Our Latest Report on Amazon.com

Insider Activity at Amazon.com

In related news, CEO Adam Selipsky sold 500 shares of the business’s stock in a transaction dated Wednesday, December 6th. The shares were sold at an average price of $147.76, for a total value of $73,880.00. Following the sale, the chief executive officer now directly owns 120,560 shares in the company, valued at approximately $17,813,945.60. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. In other Amazon.com news, SVP David Zapolsky sold 6,720 shares of the business’s stock in a transaction dated Tuesday, November 21st. The shares were sold at an average price of $143.15, for a total transaction of $961,968.00. Following the sale, the senior vice president now directly owns 71,660 shares in the company, valued at $10,258,129. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CEO Adam Selipsky sold 500 shares of the business’s stock in a transaction dated Wednesday, December 6th. The stock was sold at an average price of $147.76, for a total transaction of $73,880.00. Following the sale, the chief executive officer now owns 120,560 shares in the company, valued at $17,813,945.60. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 6,080,878 shares of company stock worth $1,033,083,657. Company insiders own 12.30% of the company’s stock.

About Amazon.com

(Free Report)

Amazon.com, Inc engages in the retail sale of consumer products and subscriptions through online and physical stores in North America and internationally. It operates through three segments: North America, International, and Amazon Web Services (AWS). The company's products offered through its stores include merchandise and content purchased for resale; and products offered by third-party sellers.

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

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