Benin Management CORP Raises Stock Position in Amazon.com, Inc. (NASDAQ:AMZN)

Benin Management CORP boosted its position in Amazon.com, Inc. (NASDAQ:AMZN) by 0.7% during the 1st quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 29,760 shares of the e-commerce giant’s stock after buying an additional 210 shares during the period. Amazon.com makes up 1.6% of Benin Management CORP’s holdings, making the stock its 9th biggest holding. Benin Management CORP’s holdings in Amazon.com were worth $5,662,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Castlekeep Investment Advisors LLC acquired a new position in shares of Amazon.com during the fourth quarter valued at about $25,000. Accordant Advisory Group Inc raised its holdings in shares of Amazon.com by 400.0% during the fourth quarter. Accordant Advisory Group Inc now owns 125 shares of the e-commerce giant’s stock valued at $27,000 after purchasing an additional 100 shares during the period. Prudent Man Investment Management Inc. acquired a new position in shares of Amazon.com during the fourth quarter valued at about $27,000. LSV Asset Management acquired a new position in shares of Amazon.com during the fourth quarter valued at about $35,000. Finally, Perritt Capital Management Inc raised its holdings in shares of Amazon.com by 72.7% during the fourth quarter. Perritt Capital Management Inc now owns 190 shares of the e-commerce giant’s stock valued at $42,000 after purchasing an additional 80 shares during the period. Institutional investors and hedge funds own 72.20% of the company’s stock.

Insider Activity at Amazon.com

In related news, VP Shelley Reynolds sold 2,695 shares of Amazon.com stock in a transaction that occurred on Wednesday, May 21st. The shares were sold at an average price of $200.79, for a total value of $541,129.05. Following the completion of the transaction, the vice president now directly owns 119,780 shares in the company, valued at approximately $24,050,626.20. The trade was a 2.20% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, SVP David Zapolsky sold 7,100 shares of Amazon.com stock in a transaction that occurred on Wednesday, May 21st. The shares were sold at an average price of $201.23, for a total transaction of $1,428,733.00. Following the completion of the transaction, the senior vice president now owns 60,600 shares of the company’s stock, valued at $12,194,538. This represents a 10.49% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders sold 102,037 shares of company stock worth $20,531,075. Corporate insiders own 9.70% of the company’s stock.

Wall Street Analysts Forecast Growth

AMZN has been the topic of several research reports. JPMorgan Chase & Co. upped their price objective on shares of Amazon.com from $225.00 to $240.00 and gave the company an “overweight” rating in a report on Wednesday, June 4th. Benchmark reiterated a “buy” rating and set a $260.00 price objective on shares of Amazon.com in a report on Friday, May 2nd. Needham & Company LLC reiterated a “buy” rating and set a $220.00 price objective on shares of Amazon.com in a report on Friday, May 2nd. Scotiabank lowered their target price on shares of Amazon.com from $306.00 to $250.00 and set a “sector outperform” rating on the stock in a report on Monday, April 21st. Finally, DA Davidson lowered their target price on shares of Amazon.com from $280.00 to $230.00 and set a “buy” rating on the stock in a report on Monday, April 14th. Four analysts have rated the stock with a hold rating and forty-four have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average price target of $244.89.

Amazon.com Trading Down 0.5%

Shares of AMZN stock opened at $212.10 on Monday. The company has a 50 day moving average of $195.47 and a 200-day moving average of $209.21. The company has a quick ratio of 0.87, a current ratio of 1.06 and a debt-to-equity ratio of 0.18. Amazon.com, Inc. has a 12-month low of $151.61 and a 12-month high of $242.52. The firm has a market cap of $2.25 trillion, a P/E ratio of 38.35, a PEG ratio of 1.50 and a beta of 1.33.

Amazon.com (NASDAQ:AMZN) last released its quarterly earnings data on Thursday, May 1st. The e-commerce giant reported $1.59 earnings per share for the quarter, beating analysts’ consensus estimates of $1.38 by $0.21. Amazon.com had a net margin of 9.29% and a return on equity of 24.25%. The business had revenue of $155.67 billion during the quarter, compared to analyst estimates of $154.96 billion. During the same period in the previous year, the business earned $0.98 EPS. Amazon.com’s revenue was up 8.6% compared to the same quarter last year. Sell-side analysts anticipate that Amazon.com, Inc. will post 6.31 earnings per share for the current year.

Amazon.com Company 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.