Hanlon Investment Management Inc. Purchases New Stake in Amazon.com, Inc. (NASDAQ:AMZN)

Hanlon Investment Management Inc. purchased a new stake in Amazon.com, Inc. (NASDAQ:AMZN) during the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor purchased 2,753 shares of the e-commerce giant’s stock, valued at approximately $284,000.

Other large investors have also added to or reduced their stakes in the company. St. James Investment Advisors LLC grew its holdings in Amazon.com by 97.7% in the 4th quarter. St. James Investment Advisors LLC now owns 344 shares of the e-commerce giant’s stock valued at $29,000 after buying an additional 170 shares in the last quarter. Laurel Wealth Planning LLC grew its holdings in Amazon.com by 1,900.0% in the 2nd quarter. Laurel Wealth Planning LLC now owns 320 shares of the e-commerce giant’s stock valued at $34,000 after buying an additional 304 shares in the last quarter. Sanctuary Wealth Management L.L.C. acquired a new position in Amazon.com in the 4th quarter valued at $37,000. Swaine & Leidel Wealth Services LLC acquired a new position in Amazon.com in the 1st quarter valued at $38,000. Finally, Ruedi Wealth Management Inc. acquired a new stake in shares of Amazon.com during the 4th quarter worth $40,000. Institutional investors own 57.96% of the company’s stock.

Wall Street Analysts Forecast Growth

Several research firms have recently issued reports on AMZN. Piper Jaffray Companies increased their target price on Amazon.com from $130.00 to $150.00 and gave the stock an “overweight” rating in a report on Wednesday, June 7th. Mizuho increased their target price on Amazon.com from $160.00 to $180.00 and gave the stock a “buy” rating in a report on Friday, August 4th. Canaccord Genuity Group increased their target price on Amazon.com from $160.00 to $170.00 and gave the stock a “buy” rating in a report on Friday, August 4th. Evercore ISI increased their target price on Amazon.com from $150.00 to $190.00 and gave the stock an “outperform” rating in a report on Friday, August 4th. Finally, Wolfe Research raised their price objective on Amazon.com from $140.00 to $150.00 in a research note on Monday, July 10th. Three analysts have rated the stock with a hold rating and forty-seven have assigned a buy rating to the stock. Based on data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $160.87.

Amazon.com Trading Down 0.1 %

NASDAQ AMZN opened at $133.14 on Tuesday. The business has a 50 day simple moving average of $132.18 and a 200 day simple moving average of $115.22. Amazon.com, Inc. has a one year low of $81.43 and a one year high of $143.63. The stock has a market capitalization of $1.37 trillion, a P/E ratio of 104.84, a P/E/G ratio of 1.77 and a beta of 1.26. The company has a debt-to-equity ratio of 0.37, a current ratio of 0.95 and a quick ratio of 0.70.

Amazon.com (NASDAQ:AMZN) last announced its quarterly earnings data on Thursday, August 3rd. The e-commerce giant reported $0.63 EPS for the quarter, beating analysts’ consensus estimates of $0.34 by $0.29. The firm had revenue of $134.38 billion during the quarter, compared to analysts’ expectations of $131.54 billion. Amazon.com had a return on equity of 9.14% and a net margin of 2.43%. Research analysts expect that Amazon.com, Inc. will post 2.23 earnings per share for the current year.

Insider Buying and Selling at Amazon.com

In other Amazon.com news, CEO Adam Selipsky sold 500 shares of the business’s stock in a transaction on Tuesday, June 6th. The shares were sold at an average price of $126.27, for a total transaction of $63,135.00. Following the completion of the sale, the chief executive officer now owns 152,780 shares in the company, valued at approximately $19,291,530.60. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. In other Amazon.com news, CEO Douglas J. Herrington sold 50,000 shares of the business’s stock in a transaction on Friday, August 4th. The shares were sold at an average price of $141.00, for a total transaction of $7,050,000.00. Following the completion of the sale, the chief executive officer now owns 510,301 shares in the company, valued at approximately $71,952,441. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CEO Adam Selipsky sold 500 shares of the business’s stock in a transaction on Tuesday, June 6th. The shares were sold at an average price of $126.27, for a total transaction of $63,135.00. Following the sale, the chief executive officer now owns 152,780 shares of the company’s stock, valued at approximately $19,291,530.60. The disclosure for this sale can be found here. In the last 90 days, insiders sold 1,366,329 shares of company stock worth $48,990,512. 12.70% of the stock is owned by corporate insiders.

About Amazon.com

Amazon.com, Inc engages in the retail sale of consumer products and subscriptions through online and physical stores in North America and internationally. It operates through three segments: North America, International, and Amazon Web Services (AWS). The company's products offered through its stores include merchandise and content purchased for resale; and products offered by third-party sellers.