Cheviot Value Management LLC Purchases 59,527 Shares of Amazon.com, Inc. (NASDAQ:AMZN)

Cheviot Value Management LLC boosted its position in Amazon.com, Inc. (NASDAQ:AMZNGet Rating) by 2,096.0% in the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 62,367 shares of the e-commerce giant’s stock after purchasing an additional 59,527 shares during the period. Amazon.com makes up approximately 1.7% of Cheviot Value Management LLC’s investment portfolio, making the stock its 21st biggest holding. Cheviot Value Management LLC’s holdings in Amazon.com were worth $6,624,000 at the end of the most recent quarter.

Other institutional investors have also added to or reduced their stakes in the company. Jennison Associates LLC raised its stake in shares of Amazon.com by 1,764.2% during the second quarter. Jennison Associates LLC now owns 48,142,889 shares of the e-commerce giant’s stock valued at $5,113,256,000 after acquiring an additional 45,560,351 shares in the last quarter. Vanguard Group Inc. raised its stake in shares of Amazon.com by 1.6% during the first quarter. Vanguard Group Inc. now owns 33,965,498 shares of the e-commerce giant’s stock valued at $110,725,825,000 after acquiring an additional 543,744 shares in the last quarter. Sumitomo Mitsui Trust Holdings Inc. raised its stake in shares of Amazon.com by 1,923.1% during the second quarter. Sumitomo Mitsui Trust Holdings Inc. now owns 27,747,428 shares of the e-commerce giant’s stock valued at $2,947,054,000 after acquiring an additional 26,375,927 shares in the last quarter. New York State Teachers Retirement System raised its stake in shares of Amazon.com by 1,895.2% during the second quarter. New York State Teachers Retirement System now owns 10,349,048 shares of the e-commerce giant’s stock valued at $1,099,172,000 after acquiring an additional 9,830,359 shares in the last quarter. Finally, Brown Advisory Inc. raised its stake in shares of Amazon.com by 1,644.6% during the second quarter. Brown Advisory Inc. now owns 9,685,141 shares of the e-commerce giant’s stock valued at $1,202,879,000 after acquiring an additional 9,129,976 shares in the last quarter. Institutional investors own 57.15% of the company’s stock.

Insider Transactions at Amazon.com

In other news, Director Daniel P. Huttenlocher sold 1,720 shares of the business’s stock in a transaction dated Thursday, November 17th. The shares were sold at an average price of $95.70, for a total transaction of $164,604.00. Following the completion of the sale, the director now owns 22,440 shares of the company’s stock, valued at $2,147,508. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. In related news, Director Daniel P. Huttenlocher sold 1,720 shares of the company’s stock in a transaction dated Thursday, November 17th. The shares were sold at an average price of $95.70, for a total transaction of $164,604.00. Following the completion of the sale, the director now owns 22,440 shares of the company’s stock, valued at approximately $2,147,508. The sale was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Also, CEO Douglas J. Herrington sold 15,787 shares of the company’s stock in a transaction dated Tuesday, November 15th. The shares were sold at an average price of $103.10, for a total transaction of $1,627,639.70. Following the sale, the chief executive officer now directly owns 522,251 shares of the company’s stock, valued at approximately $53,844,078.10. The disclosure for this sale can be found here. Insiders sold 269,412 shares of company stock valued at $7,914,139 over the last 90 days. Corporate insiders own 12.70% of the company’s stock.

Amazon.com Trading Up 0.8 %

Shares of Amazon.com stock opened at $93.20 on Wednesday. The firm has a 50-day simple moving average of $109.13 and a two-hundred day simple moving average of $116.76. The company has a market cap of $950.79 billion, a P/E ratio of 85.54, a price-to-earnings-growth ratio of 6.29 and a beta of 1.23. Amazon.com, Inc. has a fifty-two week low of $85.87 and a fifty-two week high of $181.68. The company has a debt-to-equity ratio of 0.43, a quick ratio of 0.68 and a current ratio of 0.94.

Amazon.com (NASDAQ:AMZNGet Rating) last issued its quarterly earnings data on Thursday, October 27th. The e-commerce giant reported $0.28 earnings per share for the quarter, topping analysts’ consensus estimates of $0.22 by $0.06. The business had revenue of $127.10 billion during the quarter, compared to the consensus estimate of $127.47 billion. Amazon.com had a net margin of 2.25% and a return on equity of 14.44%. The company’s revenue was up 14.7% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $0.31 earnings per share. As a group, equities analysts predict that Amazon.com, Inc. will post 0.74 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

Several equities analysts recently issued reports on the stock. Canaccord Genuity Group lifted their price objective on shares of Amazon.com from $185.00 to $200.00 in a report on Friday, July 29th. Monness Crespi & Hardt cut their price objective on shares of Amazon.com from $172.00 to $136.00 and set a “buy” rating on the stock in a report on Friday, October 28th. Cowen cut their price objective on shares of Amazon.com from $195.00 to $150.00 and set an “outperform” rating on the stock in a report on Friday, October 28th. Telsey Advisory Group cut their price objective on shares of Amazon.com from $150.00 to $140.00 and set an “outperform” rating on the stock in a report on Friday, October 28th. Finally, Rosenblatt Securities cut their price target on shares of Amazon.com from $118.00 to $103.00 and set a “neutral” rating on the stock in a report on Monday, November 14th. Two analysts have rated the stock with a sell rating, three have given a hold rating and forty-two have assigned a buy rating to the company’s stock. According to MarketBeat, Amazon.com currently has a consensus rating of “Moderate Buy” and a consensus price target of $150.77.

Amazon.com Company 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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