Meyer Handelman Co. Boosts Holdings in Amazon.com, Inc. (NASDAQ:AMZN)

Meyer Handelman Co. grew its holdings in Amazon.com, Inc. (NASDAQ:AMZN) by 0.7% in the second quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 321,995 shares of the e-commerce giant’s stock after acquiring an additional 2,095 shares during the quarter. Amazon.com accounts for approximately 2.2% of Meyer Handelman Co.’s investment portfolio, making the stock its 8th biggest position. Meyer Handelman Co.’s holdings in Amazon.com were worth $62,226,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also modified their holdings of the business. International Assets Investment Management LLC increased its holdings in shares of Amazon.com by 6.2% during the fourth quarter. International Assets Investment Management LLC now owns 157,070 shares of the e-commerce giant’s stock worth $23,865,000 after purchasing an additional 9,108 shares during the period. Perigon Wealth Management LLC grew its position in Amazon.com by 61.5% during the fourth quarter. Perigon Wealth Management LLC now owns 485,050 shares of the e-commerce giant’s stock worth $73,699,000 after buying an additional 184,677 shares in the last quarter. Braun Bostich & Associates Inc. increased its stake in Amazon.com by 84.9% during the 4th quarter. Braun Bostich & Associates Inc. now owns 8,452 shares of the e-commerce giant’s stock worth $1,284,000 after acquiring an additional 3,880 shares during the period. Cassia Capital Partners LLC raised its holdings in Amazon.com by 3.3% in the 4th quarter. Cassia Capital Partners LLC now owns 4,216 shares of the e-commerce giant’s stock valued at $641,000 after acquiring an additional 133 shares in the last quarter. Finally, Cook Wealth Management Group LLC lifted its position in shares of Amazon.com by 40.6% during the 4th quarter. Cook Wealth Management Group LLC now owns 3,912 shares of the e-commerce giant’s stock valued at $614,000 after acquiring an additional 1,130 shares during the period. 72.20% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

A number of research analysts recently commented on AMZN shares. Bank of America decreased their price target on Amazon.com from $220.00 to $210.00 and set a “buy” rating on the stock in a research report on Friday, August 2nd. TD Cowen raised their target price on shares of Amazon.com from $225.00 to $245.00 and gave the company a “buy” rating in a report on Wednesday, July 10th. Jefferies Financial Group cut their price target on shares of Amazon.com from $235.00 to $225.00 and set a “buy” rating for the company in a report on Friday, August 2nd. Argus lifted their price objective on shares of Amazon.com from $185.00 to $205.00 and gave the company a “buy” rating in a research note on Thursday, May 2nd. Finally, Stifel Nicolaus cut their target price on Amazon.com from $228.00 to $224.00 and set a “buy” rating for the company in a research note on Friday, August 2nd. One equities research analyst has rated the stock with a hold rating, forty have given a buy rating and one has assigned a strong buy rating to the company’s stock. According to data from MarketBeat, the company currently has an average rating of “Buy” and an average target price of $221.36.

Amazon.com Trading Down 1.3 %

NASDAQ:AMZN opened at $170.80 on Thursday. Amazon.com, Inc. has a 12 month low of $118.35 and a 12 month high of $201.20. The company has a current ratio of 1.07, a quick ratio of 0.87 and a debt-to-equity ratio of 0.27. The firm’s 50 day moving average is $183.41 and its 200 day moving average is $181.08. The stock has a market capitalization of $1.78 trillion, a PE ratio of 47.84, a price-to-earnings-growth ratio of 1.32 and a beta of 1.15.

Amazon.com (NASDAQ:AMZN) last released its earnings results on Thursday, August 1st. The e-commerce giant reported $1.23 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.05 by $0.18. Amazon.com had a return on equity of 22.35% and a net margin of 7.35%. The business had revenue of $147.98 billion during the quarter, compared to the consensus estimate of $148.63 billion. Sell-side analysts expect that Amazon.com, Inc. will post 4.73 earnings per share for the current year.

Insider Buying and Selling

In other Amazon.com news, CEO Douglas J. Herrington sold 3,500 shares of the stock in a transaction dated Monday, June 3rd. The shares were sold at an average price of $177.29, for a total transaction of $620,515.00. Following the completion of the transaction, the chief executive officer now owns 523,253 shares in the company, valued at $92,767,524.37. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. In other Amazon.com news, CEO Andrew R. Jassy sold 20,784 shares of the business’s stock in a transaction on Wednesday, August 21st. The shares were sold at an average price of $180.77, for a total transaction of $3,757,123.68. Following the sale, the chief executive officer now owns 2,056,534 shares of the company’s stock, valued at approximately $371,759,651.18. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, CEO Douglas J. Herrington sold 3,500 shares of the firm’s stock in a transaction on Monday, June 3rd. The stock was sold at an average price of $177.29, for a total value of $620,515.00. Following the completion of the transaction, the chief executive officer now directly owns 523,253 shares of the company’s stock, valued at $92,767,524.37. The disclosure for this sale can be found here. In the last 90 days, insiders sold 6,107,817 shares of company stock valued at $1,221,241,837. 10.80% of the stock is owned by 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.