Gilman Hill Asset Management LLC Has $1.66 Million Stock Holdings in Amazon.com, Inc. (NASDAQ:AMZN)

Gilman Hill Asset Management LLC increased its stake in shares of Amazon.com, Inc. (NASDAQ:AMZN) by 5.6% during the 3rd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 14,702 shares of the e-commerce giant’s stock after buying an additional 782 shares during the period. Gilman Hill Asset Management LLC’s holdings in Amazon.com were worth $1,661,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also added to or reduced their stakes in the company. Financial Enhancement Group LLC lifted its position in Amazon.com by 916.7% during the 1st quarter. Financial Enhancement Group LLC now owns 61 shares of the e-commerce giant’s stock worth $199,000 after buying an additional 55 shares in the last quarter. Bridgefront Capital LLC bought a new stake in Amazon.com during the 1st quarter worth about $228,000. Krane Funds Advisors LLC raised its holdings in Amazon.com by 239.1% during the 1st quarter. Krane Funds Advisors LLC now owns 78 shares of the e-commerce giant’s stock worth $254,000 after purchasing an additional 55 shares during the last quarter. Range Financial Group LLC bought a new stake in Amazon.com during the 1st quarter worth about $258,000. Finally, My Personal CFO LLC bought a new stake in Amazon.com during the 1st quarter worth about $261,000. Institutional investors and hedge funds own 57.64% of the company’s stock.

Amazon.com Trading Up 2.9 %

NASDAQ AMZN opened at $89.87 on Wednesday. The company has a market cap of $916.82 billion, a PE ratio of 82.49, a PEG ratio of 2.74 and a beta of 1.22. The company has a current ratio of 0.94, a quick ratio of 0.68 and a debt-to-equity ratio of 0.43. Amazon.com, Inc. has a 12 month low of $81.43 and a 12 month high of $170.83. The stock has a 50 day moving average of $90.07 and a 200-day moving average of $111.03.

Amazon.com (NASDAQ:AMZN – Get Rating) last released its quarterly earnings data on Thursday, October 27th. The e-commerce giant reported $0.20 EPS for the quarter, missing the consensus estimate of $0.22 by ($0.02). The company had revenue of $127.10 billion during the quarter, compared to analyst estimates of $127.47 billion. Amazon.com had a net margin of 2.25% and a return on equity of 14.44%. The company’s quarterly revenue was up 14.7% compared to the same quarter last year. During the same period in the previous year, the company posted $0.31 EPS. On average, equities research analysts anticipate that Amazon.com, Inc. will post 0.69 EPS for the current fiscal year.

Wall Street Analyst Weigh In

AMZN has been the subject of several recent research reports. Wolfe Research dropped their price objective on Amazon.com from $150.00 to $130.00 and set an “outperform” rating for the company in a report on Friday, October 28th. Morgan Stanley dropped their price objective on Amazon.com from $175.00 to $140.00 and set an “overweight” rating for the company in a report on Friday, October 28th. MKM Partners dropped their price objective on Amazon.com to $145.00 in a report on Tuesday, November 1st. Deutsche Bank Aktiengesellschaft lowered their price target on Amazon.com from $150.00 to $130.00 and set a “buy” rating for the company in a research note on Friday, October 28th. Finally, Wedbush lowered their price target on Amazon.com from $175.00 to $140.00 and set an “outperform” rating for the company in a research note on Friday, October 28th. Two analysts have rated the stock with a sell rating, three have assigned a hold rating and forty-two have assigned a buy rating to the company. Based on data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $147.12.

Insider Activity at Amazon.com

In related news, VP Shelley Reynolds sold 3,500 shares of the stock in a transaction on Monday, November 21st. The stock was sold at an average price of $94.00, for a total value of $329,000.00. Following the sale, the vice president now owns 119,780 shares in the company, valued at approximately $11,259,320. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. In related news, SVP David Zapolsky sold 8,380 shares of the stock in a transaction on Monday, November 21st. The stock was sold at an average price of $94.00, for a total value of $787,720.00. Following the sale, the senior vice president now owns 76,980 shares in the company, valued at approximately $7,236,120. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, VP Shelley Reynolds sold 3,500 shares of the stock in a transaction on Monday, November 21st. The stock was sold at an average price of $94.00, for a total value of $329,000.00. Following the transaction, the vice president now owns 119,780 shares in the company, valued at approximately $11,259,320. The disclosure for this sale can be found here. In the last quarter, insiders have sold 52,948 shares of company stock worth $5,135,922. Company insiders own 12.70% of the company’s stock.

Amazon.com Company Profile

(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.