Canandaigua National Corp Increases Stock Holdings in Amazon.com, Inc. (NASDAQ:AMZN)

Canandaigua National Corp lifted its position in Amazon.com, Inc. (NASDAQ:AMZNGet Rating) by 2,157.4% in the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 78,309 shares of the e-commerce giant’s stock after purchasing an additional 74,840 shares during the quarter. Amazon.com comprises about 1.5% of Canandaigua National Corp’s holdings, making the stock its 15th biggest holding. Canandaigua National Corp’s holdings in Amazon.com were worth $8,317,000 at the end of the most recent reporting period.

A number of other hedge funds have also recently modified their holdings of AMZN. Chartist Inc. CA grew its holdings in shares of Amazon.com by 10.1% in the fourth quarter. Chartist Inc. CA now owns 317 shares of the e-commerce giant’s stock valued at $1,057,000 after purchasing an additional 29 shares during the period. Fort Point Capital Partners LLC lifted its position in Amazon.com by 5.1% in the fourth quarter. Fort Point Capital Partners LLC now owns 3,525 shares of the e-commerce giant’s stock valued at $11,754,000 after buying an additional 170 shares during the last quarter. Thames Capital Management LLC lifted its position in Amazon.com by 9.2% in the fourth quarter. Thames Capital Management LLC now owns 4,869 shares of the e-commerce giant’s stock valued at $16,235,000 after buying an additional 409 shares during the last quarter. Hilton Capital Management LLC lifted its position in Amazon.com by 1.3% in the fourth quarter. Hilton Capital Management LLC now owns 4,730 shares of the e-commerce giant’s stock valued at $15,771,000 after buying an additional 60 shares during the last quarter. Finally, Alerus Financial NA lifted its position in Amazon.com by 7.4% in the fourth quarter. Alerus Financial NA now owns 7,053 shares of the e-commerce giant’s stock valued at $23,517,000 after buying an additional 485 shares during the last quarter. Hedge funds and other institutional investors own 57.15% of the company’s stock.

Insider Transactions at Amazon.com

In related news, CEO Adam Selipsky sold 520 shares of the stock in a transaction on Wednesday, September 14th. The stock was sold at an average price of $127.43, for a total transaction of $66,263.60. Following the completion of the sale, the chief executive officer now directly owns 115,680 shares of the company’s stock, valued at $14,741,102.40. The sale was disclosed in a filing with the SEC, which is available through the SEC website. In related news, VP Shelley Reynolds sold 3,480 shares of the stock in a transaction on Monday, August 22nd. The stock was sold at an average price of $134.23, for a total transaction of $467,120.40. Following the completion of the sale, the vice president now directly owns 119,780 shares of the company’s stock, valued at $16,078,069.40. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Also, CEO Adam Selipsky sold 520 shares of the stock in a transaction on Wednesday, September 14th. The stock was sold at an average price of $127.43, for a total value of $66,263.60. Following the sale, the chief executive officer now directly owns 115,680 shares of the company’s stock, valued at $14,741,102.40. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 70,628 shares of company stock worth $9,802,599. Insiders own 12.70% of the company’s stock.

Amazon.com Stock Performance

Shares of AMZN opened at $117.31 on Friday. The company has a current ratio of 0.95, a quick ratio of 0.68 and a debt-to-equity ratio of 0.44. The firm has a market cap of $1.20 trillion, a PE ratio of 105.16, a price-to-earnings-growth ratio of 5.45 and a beta of 1.33. The company’s 50 day simple moving average is $130.33 and its 200-day simple moving average is $130.17. Amazon.com, Inc. has a 12-month low of $101.26 and a 12-month high of $188.11.

Amazon.com (NASDAQ:AMZNGet Rating) last announced its earnings results on Thursday, July 28th. The e-commerce giant reported $0.10 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.15 by ($0.05). The business had revenue of $121.23 billion for the quarter, compared to analysts’ expectations of $119.16 billion. Amazon.com had a return on equity of 15.79% and a net margin of 2.39%. The business’s revenue was up 7.2% on a year-over-year basis. During the same quarter last year, the business posted $0.76 earnings per share. As a group, equities analysts predict that Amazon.com, Inc. will post 0.99 EPS for the current year.

Analyst Upgrades and Downgrades

AMZN has been the topic of a number of recent analyst reports. Cowen upped their target price on shares of Amazon.com from $210.00 to $215.00 and gave the company an “outperform” rating in a research report on Friday, July 29th. Itaú Unibanco initiated coverage on shares of Amazon.com in a research report on Tuesday, July 26th. They issued an “outperform” rating and a $146.00 target price on the stock. Loop Capital reduced their price target on shares of Amazon.com from $187.50 to $141.25 and set a “buy” rating on the stock in a research report on Friday, May 27th. Telsey Advisory Group increased their price target on shares of Amazon.com from $145.00 to $150.00 and gave the stock an “outperform” rating in a research report on Friday, July 29th. Finally, StockNews.com raised shares of Amazon.com from a “sell” rating to a “hold” rating in a research report on Monday, August 1st. Two research analysts have rated the stock with a sell rating, two have issued a hold rating and thirty-six have assigned a buy rating to the company. According to MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus target price of $176.61.

About Amazon.com

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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.

Further Reading

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

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