Amazon.com, Inc. (NASDAQ:AMZN) Shares Purchased by Dearborn Partners LLC

Dearborn Partners LLC increased its stake in shares of Amazon.com, Inc. (NASDAQ:AMZN) by 6.4% during the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 16,418 shares of the e-commerce giant’s stock after acquiring an additional 984 shares during the period. Dearborn Partners LLC’s holdings in Amazon.com were worth $2,140,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds and other institutional investors have also recently bought and sold shares of the stock. Fiduciary Planning LLC increased its stake in Amazon.com by 1.5% during the first quarter. Fiduciary Planning LLC now owns 349 shares of the e-commerce giant’s stock worth $1,138,000 after acquiring an additional 5 shares during the last quarter. HBC Financial Services PLLC grew its stake in shares of Amazon.com by 0.8% in the first quarter. HBC Financial Services PLLC now owns 616 shares of the e-commerce giant’s stock valued at $1,717,000 after buying an additional 5 shares in the last quarter. Meridian Investment Counsel Inc. grew its stake in shares of Amazon.com by 3.4% in the first quarter. Meridian Investment Counsel Inc. now owns 151 shares of the e-commerce giant’s stock valued at $492,000 after buying an additional 5 shares in the last quarter. Alterna Wealth Management Inc. grew its stake in shares of Amazon.com by 1.8% in the first quarter. Alterna Wealth Management Inc. now owns 289 shares of the e-commerce giant’s stock valued at $942,000 after buying an additional 5 shares in the last quarter. Finally, Archetype Wealth Partners grew its stake in shares of Amazon.com by 3.7% in the first quarter. Archetype Wealth Partners now owns 169 shares of the e-commerce giant’s stock valued at $552,000 after buying an additional 6 shares in the last quarter. 57.96% of the stock is owned by institutional investors and hedge funds.

Insider Transactions at Amazon.com

In other news, CEO Adam Selipsky sold 500 shares of the stock in a transaction that occurred on Thursday, October 5th. The stock was sold at an average price of $126.64, for a total transaction of $63,320.00. Following the completion of the transaction, the chief executive officer now directly owns 105,520 shares of the company’s stock, valued at approximately $13,363,052.80. The sale was disclosed in a document filed with the SEC, which is accessible through this link. In other news, VP Shelley Reynolds sold 3,100 shares of the stock in a transaction that occurred on Monday, August 21st. The stock was sold at an average price of $133.87, for a total transaction of $414,997.00. Following the completion of the transaction, the vice president now directly owns 119,780 shares of the company’s stock, valued at approximately $16,034,948.60. The sale was disclosed in a document filed with the SEC, which is accessible through this link. Also, CEO Adam Selipsky sold 500 shares of the firm’s stock in a transaction that occurred on Thursday, October 5th. The shares were sold at an average price of $126.64, for a total value of $63,320.00. Following the completion of the transaction, the chief executive officer now directly owns 105,520 shares of the company’s stock, valued at $13,363,052.80. The disclosure for this sale can be found here. In the last three months, insiders sold 112,089 shares of company stock valued at $15,479,976. Corporate insiders own 12.70% of the company’s stock.

Analysts Set New Price Targets

A number of equities research analysts have recently weighed in on the company. Redburn Partners lifted their price objective on Amazon.com from $220.00 to $230.00 and gave the company a “buy” rating in a research note on Friday, August 11th. Morgan Stanley reaffirmed an “overweight” rating and issued a $175.00 price objective on shares of Amazon.com in a research note on Monday, October 2nd. Susquehanna lifted their price objective on Amazon.com from $150.00 to $185.00 and gave the company a “positive” rating in a research note on Friday, August 4th. Argus reaffirmed a “buy” rating and issued a $165.00 price objective on shares of Amazon.com in a research note on Wednesday, September 27th. Finally, Canaccord Genuity Group lifted their target price on Amazon.com from $160.00 to $170.00 and gave the company a “buy” rating in a report on Friday, August 4th. Two research analysts have rated the stock with a hold rating and forty-four have given a buy rating to the company. According to MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average target price of $168.93.

Amazon.com Stock Down 0.3 %

AMZN opened at $142.83 on Friday. The business has a 50 day moving average price of $133.58 and a two-hundred day moving average price of $129.11. The company has a quick ratio of 0.74, a current ratio of 0.98 and a debt-to-equity ratio of 0.33. The company has a market cap of $1.48 trillion, a PE ratio of 74.01, a P/E/G ratio of 1.92 and a beta of 1.17. Amazon.com, Inc. has a 52 week low of $81.43 and a 52 week high of $147.29.

Amazon.com (NASDAQ:AMZN) last posted its quarterly earnings data on Thursday, October 26th. The e-commerce giant reported $0.85 EPS for the quarter, beating the consensus estimate of $0.58 by $0.27. The firm had revenue of $143.08 billion during the quarter, compared to the consensus estimate of $141.53 billion. Amazon.com had a return on equity of 12.75% and a net margin of 3.62%. As a group, research analysts anticipate that Amazon.com, Inc. will post 2.6 EPS for the current year.

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.