Gilman Hill Asset Management LLC Buys 1,674 Shares of Amazon.com, Inc. (NASDAQ:AMZN)

Gilman Hill Asset Management LLC raised its stake in shares of Amazon.com, Inc. (NASDAQ:AMZN) by 17.6% in the third quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor owned 11,194 shares of the e-commerce giant’s stock after buying an additional 1,674 shares during the quarter. Gilman Hill Asset Management LLC’s holdings in Amazon.com were worth $2,086,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently modified their holdings of AMZN. Northwestern Mutual Wealth Management Co. increased its stake in Amazon.com by 0.5% in the 2nd quarter. Northwestern Mutual Wealth Management Co. now owns 2,847,177 shares of the e-commerce giant’s stock worth $550,217,000 after acquiring an additional 14,766 shares during the last quarter. GAMMA Investing LLC boosted its position in shares of Amazon.com by 19.2% during the 3rd quarter. GAMMA Investing LLC now owns 119,205 shares of the e-commerce giant’s stock valued at $22,211,000 after acquiring an additional 19,231 shares during the last quarter. Stonekeep Investments LLC purchased a new position in shares of Amazon.com during the second quarter worth about $2,588,000. Healthcare of Ontario Pension Plan Trust Fund increased its position in shares of Amazon.com by 164.1% in the second quarter. Healthcare of Ontario Pension Plan Trust Fund now owns 1,053,958 shares of the e-commerce giant’s stock worth $203,677,000 after purchasing an additional 654,908 shares during the last quarter. Finally, Rockport Wealth LLC raised its stake in Amazon.com by 2,240.6% in the second quarter. Rockport Wealth LLC now owns 76,749 shares of the e-commerce giant’s stock valued at $14,832,000 after purchasing an additional 73,470 shares in the last quarter. 72.20% of the stock is currently owned by institutional investors.

Amazon.com Trading Down 0.9 %

NASDAQ:AMZN opened at $208.18 on Monday. Amazon.com, Inc. has a 12 month low of $139.52 and a 12 month high of $212.25. The company has a current ratio of 1.09, a quick ratio of 0.87 and a debt-to-equity ratio of 0.21. The company has a 50-day moving average price of $187.83 and a 200-day moving average price of $184.66. The stock has a market cap of $2.19 trillion, a price-to-earnings ratio of 44.58, a P/E/G ratio of 1.40 and a beta of 1.14.

Amazon.com (NASDAQ:AMZN) last issued its quarterly earnings data on Thursday, October 31st. The e-commerce giant reported $1.43 EPS for the quarter, topping the consensus estimate of $1.14 by $0.29. Amazon.com had a net margin of 8.04% and a return on equity of 22.41%. The business had revenue of $158.88 billion during the quarter, compared to analyst estimates of $157.28 billion. During the same period last year, the business posted $0.85 earnings per share. Amazon.com’s quarterly revenue was up 11.0% compared to the same quarter last year. Equities analysts predict that Amazon.com, Inc. will post 5.24 EPS for the current year.

Analyst Upgrades and Downgrades

A number of equities analysts have commented on the stock. Bank of America boosted their price target on shares of Amazon.com from $210.00 to $230.00 and gave the stock a “buy” rating in a research note on Friday, November 1st. BMO Capital Markets reiterated an “outperform” rating and issued a $236.00 target price (up from $230.00) on shares of Amazon.com in a research report on Friday, November 1st. Susquehanna increased their target price on Amazon.com from $220.00 to $230.00 and gave the company a “positive” rating in a research note on Friday, November 1st. Loop Capital lifted their price target on Amazon.com from $225.00 to $275.00 and gave the stock a “buy” rating in a research note on Wednesday, November 6th. Finally, Itau BBA Securities lowered Amazon.com from an “outperform” rating to a “market perform” rating and set a $186.00 price objective on the stock. in a research report on Friday, August 2nd. Two equities research analysts have rated the stock with a hold rating, forty have assigned a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat.com, Amazon.com currently has a consensus rating of “Moderate Buy” and an average price target of $234.55.

Insider Activity

In related news, Director Jonathan Rubinstein sold 5,004 shares of the company’s stock in a transaction on Friday, November 1st. The stock was sold at an average price of $199.85, for a total value of $1,000,049.40. Following the sale, the director now directly owns 99,396 shares of the company’s stock, valued at $19,864,290.60. This represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. In other news, Director Jonathan Rubinstein sold 5,004 shares of the business’s stock in a transaction on Friday, November 1st. The shares were sold at an average price of $199.85, for a total transaction of $1,000,049.40. Following the sale, the director now owns 99,396 shares in the company, valued at approximately $19,864,290.60. The trade was a 0.00 % decrease in their position. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, SVP David Zapolsky sold 2,190 shares of the stock in a transaction dated Tuesday, September 24th. The stock was sold at an average price of $195.00, for a total transaction of $427,050.00. Following the completion of the transaction, the senior vice president now owns 62,420 shares of the company’s stock, valued at approximately $12,171,900. The trade was a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 55,859 shares of company stock worth $10,215,097 in the last quarter. 10.80% of the stock is owned by company insiders.

Amazon.com Profile

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.