2,880 Shares in Amazon.com, Inc. (NASDAQ:AMZN) Bought by Lesa Sroufe & Co

Lesa Sroufe & Co acquired a new position in shares of Amazon.com, Inc. (NASDAQ:AMZN – Get Rating) during the 3rd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm acquired 2,880 shares of the e-commerce giant’s stock, valued at approximately $325,000.

Several other large investors have also recently added to or reduced their stakes in the company. State Street Corp increased its position in Amazon.com by 1,869.1% in the second quarter. State Street Corp now owns 326,727,487 shares of the e-commerce giant’s stock worth $34,701,726,000 after buying an additional 310,134,486 shares during the period. Price T Rowe Associates Inc. MD increased its position in Amazon.com by 1,838.8% in the second quarter. Price T Rowe Associates Inc. MD now owns 311,971,394 shares of the e-commerce giant’s stock worth $33,134,481,000 after buying an additional 295,880,050 shares during the period. FMR LLC increased its position in Amazon.com by 1,792.4% in the second quarter. FMR LLC now owns 286,047,356 shares of the e-commerce giant’s stock worth $30,381,089,000 after buying an additional 270,931,640 shares during the period. Northern Trust Corp increased its position in Amazon.com by 1,867.0% in the second quarter. Northern Trust Corp now owns 94,997,372 shares of the e-commerce giant’s stock worth $10,089,669,000 after buying an additional 90,167,792 shares during the period. Finally, Legal & General Group Plc increased its position in Amazon.com by 1,944.4% in the second quarter. Legal & General Group Plc now owns 59,977,393 shares of the e-commerce giant’s stock worth $6,370,223,000 after buying an additional 57,043,701 shares during the period. 57.64% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

Several equities research analysts have weighed in on the company. Deutsche Bank Aktiengesellschaft dropped their target price on Amazon.com from $150.00 to $130.00 and set a “buy” rating on the stock in a research report on Friday, October 28th. Wells Fargo & Company lowered their price target on Amazon.com from $200.00 to $155.00 and set an “overweight” rating on the stock in a report on Friday, October 28th. JPMorgan Chase & Co. lowered their price target on Amazon.com from $145.00 to $130.00 and set an “overweight” rating on the stock in a report on Friday, December 16th. Atlantic Securities lowered their price target on Amazon.com from $160.00 to $120.00 and set an “overweight” rating on the stock in a report on Friday, October 28th. Finally, Moffett Nathanson started coverage on Amazon.com in a report on Tuesday, November 15th. They set an “outperform” rating and a $118.00 price target on the stock. Two research analysts have rated the stock with a sell rating, three have issued a hold rating and forty-two have given a buy rating to the company’s stock. According to data from MarketBeat, the stock has an average rating of “Moderate Buy” and an average price target of $145.87.

Insider Activity at Amazon.com

In related news, CEO Adam Selipsky sold 345 shares of the business’s stock in a transaction on Tuesday, November 1st. The stock was sold at an average price of $102.00, for a total value of $35,190.00. Following the sale, the chief executive officer now owns 112,795 shares of the company’s stock, valued at approximately $11,505,090. The sale was disclosed in a legal filing with the SEC, which is available through this link. In other Amazon.com news, CEO Adam Selipsky sold 345 shares of Amazon.com stock in a transaction on Tuesday, November 1st. The stock was sold at an average price of $102.00, for a total value of $35,190.00. Following the completion of the transaction, the chief executive officer now owns 112,795 shares in the company, valued at approximately $11,505,090. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Also, CEO Douglas J. Herrington sold 7,456 shares of Amazon.com stock in a transaction on Monday, November 21st. The shares were sold at an average price of $94.00, for a total value of $700,864.00. Following the completion of the transaction, the chief executive officer now owns 533,435 shares of the company’s stock, valued at approximately $50,142,890. The disclosure for this sale can be found here. Insiders have sold a total of 52,428 shares of company stock valued at $5,077,578 in the last 90 days. 12.70% of the stock is owned by corporate insiders.

Amazon.com Price Performance

Shares of NASDAQ:AMZN opened at $97.25 on Friday. Amazon.com, Inc. has a 1-year low of $81.43 and a 1-year high of $170.83. The firm has a market capitalization of $992.11 billion, a PE ratio of 89.26, a PEG ratio of 3.09 and a beta of 1.22. The business’s 50 day moving average is $90.72 and its 200-day moving average is $110.26. 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 (NASDAQ:AMZN – Get Rating) last announced its quarterly earnings results 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%. Amazon.com’s quarterly revenue was up 14.7% compared to the same quarter last year. During the same period in the prior year, the firm earned $0.31 EPS. Sell-side analysts predict that Amazon.com, Inc. will post 0.68 earnings per share for the current year.

Amazon.com Profile

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Amazon.com, Inc is a multinational technology company, which engages in the provision of online retail shopping services. It operates through the following business segments: North America, International, and Amazon Web Services (AWS). The North America segment includes retail sales of consumer products and subscriptions through North American-focused websites such as www.amazon.com and www.amazon.ca.