Bennett Selby Investments LP Grows Position in Amazon.com, Inc. (NASDAQ:AMZN)

Bennett Selby Investments LP lifted its holdings in shares of Amazon.com, Inc. (NASDAQ:AMZN) by 7.5% during the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 1,731 shares of the e-commerce giant’s stock after buying an additional 121 shares during the period. Amazon.com makes up 3.4% of Bennett Selby Investments LP’s portfolio, making the stock its 12th biggest position. Bennett Selby Investments LP’s holdings in Amazon.com were worth $5,643,000 as of its most recent SEC filing.

Other institutional investors have also added to or reduced their stakes in the company. Stuart Chaussee & Associates Inc. purchased a new stake in shares of Amazon.com during the fourth quarter valued at $27,000. Gibson Wealth Advisors LLC purchased a new stake in shares of Amazon.com during the fourth quarter valued at $33,000. Leverty Financial Group LLC purchased a new stake in shares of Amazon.com during the fourth quarter valued at $36,000. MBM Wealth Consultants LLC boosted its position in shares of Amazon.com by 57.1% during the fourth quarter. MBM Wealth Consultants LLC now owns 11 shares of the e-commerce giant’s stock valued at $37,000 after buying an additional 4 shares during the last quarter. Finally, William Allan LLC purchased a new stake in shares of Amazon.com during the fourth quarter valued at $47,000. 72.51% of the stock is currently owned by institutional investors.

In other Amazon.com news, CEO Adam Selipsky sold 34 shares of the company’s stock in a transaction on Wednesday, March 30th. The stock was sold at an average price of $3,370.19, for a total value of $114,586.46. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Also, VP Shelley Reynolds sold 173 shares of the company’s stock in a transaction on Monday, May 23rd. The stock was sold at an average price of $2,169.22, for a total value of $375,275.06. Following the completion of the sale, the vice president now owns 5,989 shares of the company’s stock, valued at $12,991,458.58. The disclosure for this sale can be found here. Insiders sold a total of 4,837 shares of company stock valued at $10,642,923 over the last quarter. Company insiders own 12.70% of the company’s stock.

Several research analysts have issued reports on the company. JPMorgan Chase & Co. reissued an “overweight” rating and issued a $200.00 target price on shares of Amazon.com in a research report on Tuesday, June 14th. Susquehanna Bancshares dropped their target price on Amazon.com from $250.00 to $190.00 in a research report on Friday, April 29th. BNP Paribas assumed coverage on Amazon.com in a research report on Tuesday, March 29th. They issued an “underperform” rating and a $140.00 target price on the stock. MKM Partners dropped their target price on Amazon.com from $205.00 to $200.00 and set a “buy” rating on the stock in a research report on Wednesday, April 20th. Finally, Benchmark dropped their target price on Amazon.com from $200.00 to $185.00 in a research report on Friday, April 29th. Three research analysts have rated the stock with a sell rating, one has assigned a hold rating and thirty-seven have given a buy rating to the stock. According to MarketBeat.com, Amazon.com has an average rating of “Moderate Buy” and an average price target of $187.67.

AMZN opened at $112.44 on Friday. The business has a fifty day moving average of $120.06 and a 200 day moving average of $145.00. Amazon.com, Inc. has a 52-week low of $101.26 and a 52-week high of $188.65. The company has a quick ratio of 0.71, a current ratio of 0.96 and a debt-to-equity ratio of 0.35. The stock has a market cap of $1.14 trillion, a P/E ratio of 54.28, a PEG ratio of 3.32 and a beta of 1.23.

Amazon.com (NASDAQ:AMZNGet Rating) last posted its quarterly earnings data on Thursday, April 28th. The e-commerce giant reported $0.21 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.44 by ($0.23). Amazon.com had a net margin of 4.48% and a return on equity of 21.60%. The business had revenue of $116.44 billion for the quarter, compared to analysts’ expectations of $116.52 billion. During the same quarter in the previous year, the firm earned $0.79 EPS. Amazon.com’s revenue was up 7.3% compared to the same quarter last year. Equities analysts anticipate that Amazon.com, Inc. will post 1.22 EPS for the current fiscal year.

About Amazon.com (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.

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

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