Manchester Financial Inc. Acquires 240 Shares of Amazon.com, Inc. (NASDAQ:AMZN)

Manchester Financial Inc. raised its holdings in Amazon.com, Inc. (NASDAQ:AMZN) by 2.6% during the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 9,498 shares of the e-commerce giant’s stock after acquiring an additional 240 shares during the quarter. Amazon.com makes up 0.4% of Manchester Financial Inc.’s holdings, making the stock its 28th largest holding. Manchester Financial Inc.’s holdings in Amazon.com were worth $1,443,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also bought and sold shares of AMZN. Register Financial Advisors LLC boosted its holdings in shares of Amazon.com by 14.3% in the third quarter. Register Financial Advisors LLC now owns 5,263 shares of the e-commerce giant’s stock valued at $669,000 after purchasing an additional 657 shares during the period. Wedge Capital Management L L P NC raised its position in Amazon.com by 1.0% during the 3rd quarter. Wedge Capital Management L L P NC now owns 14,613 shares of the e-commerce giant’s stock valued at $1,858,000 after purchasing an additional 148 shares in the last quarter. Cherrydale Wealth Management LLC raised its position in Amazon.com by 14.7% during the 4th quarter. Cherrydale Wealth Management LLC now owns 5,260 shares of the e-commerce giant’s stock valued at $799,000 after purchasing an additional 675 shares in the last quarter. Tompkins Financial Corp lifted its holdings in shares of Amazon.com by 3.3% in the 4th quarter. Tompkins Financial Corp now owns 71,576 shares of the e-commerce giant’s stock worth $10,875,000 after buying an additional 2,273 shares during the period. Finally, Nicholas Company Inc. grew its position in shares of Amazon.com by 3.9% during the 3rd quarter. Nicholas Company Inc. now owns 705,065 shares of the e-commerce giant’s stock worth $89,628,000 after buying an additional 26,465 shares in the last quarter. Hedge funds and other institutional investors own 72.20% of the company’s stock.

Analyst Ratings Changes

A number of research firms recently weighed in on AMZN. DA Davidson reiterated a “buy” rating and set a $235.00 target price on shares of Amazon.com in a report on Thursday, April 18th. UBS Group upped their price target on shares of Amazon.com from $198.00 to $215.00 and gave the stock a “buy” rating in a research report on Thursday. Barclays lifted their price objective on shares of Amazon.com from $190.00 to $220.00 and gave the company an “overweight” rating in a report on Friday, February 2nd. Canaccord Genuity Group upped their target price on Amazon.com from $185.00 to $200.00 and gave the stock a “buy” rating in a report on Friday, February 2nd. Finally, Needham & Company LLC reiterated a “buy” rating and issued a $205.00 price target on shares of Amazon.com in a report on Thursday, April 18th. One equities research analyst has rated the stock with a hold rating, forty-four have issued a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat.com, the company has a consensus rating of “Buy” and a consensus price target of $205.13.

Amazon.com Trading Down 1.7 %

Shares of Amazon.com stock opened at $173.67 on Friday. The firm has a 50-day simple moving average of $177.79 and a two-hundred day simple moving average of $158.23. The company has a debt-to-equity ratio of 0.29, a quick ratio of 0.84 and a current ratio of 1.05. Amazon.com, Inc. has a fifty-two week low of $101.15 and a fifty-two week high of $189.77. The company has a market cap of $1.80 trillion, a P/E ratio of 59.89, a price-to-earnings-growth ratio of 1.56 and a beta of 1.16.

Amazon.com (NASDAQ:AMZN) last released its quarterly earnings results on Thursday, February 1st. The e-commerce giant reported $1.00 earnings per share for the quarter, topping analysts’ consensus estimates of $0.81 by $0.19. The company had revenue of $169.96 billion during the quarter, compared to analysts’ expectations of $165.96 billion. Amazon.com had a return on equity of 16.61% and a net margin of 5.29%. Amazon.com’s quarterly revenue was up 13.9% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $0.21 EPS. As a group, equities analysts predict that Amazon.com, Inc. will post 4.1 earnings per share for the current fiscal year.

Insider Activity at Amazon.com

In other Amazon.com news, VP Shelley Reynolds sold 3,100 shares of the company’s stock in a transaction on Wednesday, February 21st. The shares were sold at an average price of $168.97, for a total transaction of $523,807.00. Following the completion of the transaction, the vice president now directly owns 119,780 shares in the company, valued at $20,239,226.60. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. In other Amazon.com news, VP Shelley Reynolds sold 3,100 shares of the business’s stock in a transaction that occurred on Wednesday, February 21st. The stock was sold at an average price of $168.97, for a total transaction of $523,807.00. Following the completion of the sale, the vice president now directly owns 119,780 shares in the company, valued at approximately $20,239,226.60. The transaction was disclosed in a document filed with the SEC, which is available through this link. Also, CEO Adam Selipsky sold 500 shares of the firm’s stock in a transaction that occurred on Thursday, April 18th. The shares were sold at an average price of $181.38, for a total value of $90,690.00. Following the completion of the transaction, the chief executive officer now owns 130,600 shares in the company, valued at approximately $23,688,228. The disclosure for this sale can be found here. In the last quarter, insiders have sold 32,214,010 shares of company stock valued at $5,505,889,146. 10.30% of the stock is owned by company insiders.

About Amazon.com

Amazon.com, Inc engages in the retail sale of consumer products, advertising, and subscriptions service through online and physical stores in North America and internationally. The company operates through three segments: North America, International, and Amazon Web Services (AWS). It also manufactures and sells electronic devices, including Kindle, Fire tablets, Fire TVs, Echo, Ring, Blink, and eero; and develops and produces media content.