Amazon.com, Inc. (NASDAQ:AMZN) Stock Position Increased by Benin Management CORP

Benin Management CORP boosted its position in Amazon.com, Inc. (NASDAQ:AMZNGet Rating) by 1,752.5% during the 2nd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 23,860 shares of the e-commerce giant’s stock after purchasing an additional 22,572 shares during the quarter. Amazon.com comprises 1.0% of Benin Management CORP’s holdings, making the stock its 15th biggest position. Benin Management CORP’s holdings in Amazon.com were worth $2,534,000 at the end of the most recent quarter.

Other hedge funds have also recently bought and sold shares of the company. Sage Financial Management Group Inc. grew its stake in shares of Amazon.com by 6.5% during the 1st quarter. Sage Financial Management Group Inc. now owns 66 shares of the e-commerce giant’s stock worth $215,000 after acquiring an additional 4 shares in the last quarter. BlackDiamond Wealth Management Inc. grew its stake in shares of Amazon.com by 1.9% during the 1st quarter. BlackDiamond Wealth Management Inc. now owns 217 shares of the e-commerce giant’s stock worth $707,000 after acquiring an additional 4 shares in the last quarter. BCGM Wealth Management LLC grew its stake in shares of Amazon.com by 3.0% during the 1st quarter. BCGM Wealth Management LLC now owns 172 shares of the e-commerce giant’s stock worth $428,000 after acquiring an additional 5 shares in the last quarter. Aspire Wealth Management Corp grew its stake in shares of Amazon.com by 2.4% during the 1st quarter. Aspire Wealth Management Corp now owns 216 shares of the e-commerce giant’s stock worth $704,000 after acquiring an additional 5 shares in the last quarter. Finally, Lakeside Advisors INC. grew its stake in shares of Amazon.com by 7.5% during the 1st quarter. Lakeside Advisors INC. now owns 72 shares of the e-commerce giant’s stock worth $235,000 after acquiring an additional 5 shares in the last quarter. 57.15% of the stock is currently owned by institutional investors.

Insider Activity at Amazon.com

In related news, CEO Adam Selipsky sold 520 shares of the company’s stock in a transaction that occurred 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 in the company, valued at $14,741,102.40. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. In other Amazon.com news, major shareholder Amazon Com Inc sold 250,000 shares of the business’s stock in a transaction that occurred on Friday, October 7th. The stock was sold at an average price of $23.61, for a total value of $5,902,500.00. Following the transaction, the insider now directly owns 14,178,445 shares of the company’s stock, valued at $334,753,086.45. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, CEO Adam Selipsky sold 520 shares of the business’s stock in a transaction that occurred on Wednesday, September 14th. The shares were sold at an average price of $127.43, for a total value of $66,263.60. Following the completion of the transaction, the chief executive officer now directly owns 115,680 shares in the company, valued at $14,741,102.40. The disclosure for this sale can be found here. Insiders have sold 269,412 shares of company stock worth $7,914,139 over the last ninety days. Insiders own 12.70% of the company’s stock.

Amazon.com Stock Performance

Shares of AMZN stock opened at $92.46 on Tuesday. The business’s 50 day simple moving average is $109.80 and its 200 day simple moving average is $116.91. Amazon.com, Inc. has a one year low of $85.87 and a one year high of $185.67. The stock has a market capitalization of $943.24 billion, a PE ratio of 84.86, a PEG ratio of 6.29 and a beta of 1.23. The company has a debt-to-equity ratio of 0.43, a current ratio of 0.94 and a quick ratio of 0.68.

Amazon.com (NASDAQ:AMZNGet Rating) last announced its earnings results on Thursday, October 27th. The e-commerce giant reported $0.28 EPS for the quarter, beating the consensus estimate of $0.22 by $0.06. Amazon.com had a return on equity of 14.44% and a net margin of 2.25%. The business had revenue of $127.10 billion for the quarter, compared to analysts’ expectations of $127.47 billion. During the same period in the prior year, the business posted $0.31 earnings per share. The firm’s revenue was up 14.7% on a year-over-year basis. As a group, research analysts forecast that Amazon.com, Inc. will post 0.74 earnings per share for the current year.

Wall Street Analysts Forecast Growth

Several equities analysts have recently weighed in on AMZN shares. Deutsche Bank Aktiengesellschaft decreased their price target on shares of Amazon.com from $150.00 to $130.00 and set a “buy” rating for the company in a research note on Friday, October 28th. Citigroup decreased their target price on shares of Amazon.com from $185.00 to $145.00 and set a “buy” rating for the company in a research note on Friday, October 28th. Benchmark decreased their target price on shares of Amazon.com from $160.00 to $125.00 and set a “buy” rating for the company in a research note on Friday, October 28th. Bank of America decreased their target price on shares of Amazon.com from $157.00 to $137.00 and set a “buy” rating for the company in a research note on Friday, October 28th. Finally, Needham & Company LLC decreased their target price on shares of Amazon.com from $175.00 to $120.00 and set a “buy” rating for the company in a research note on Friday, October 28th. Two research analysts have rated the stock with a sell rating, three have given a hold rating and forty-two have given a buy rating to the company. According to MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average price target of $150.89.

Amazon.com Profile

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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.

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

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