Amazon.com, Inc. (NASDAQ:AMZN) is Benson Investment Management Company Inc.’s 5th Largest Position

Benson Investment Management Company Inc. lowered its stake in shares of Amazon.com, Inc. (NASDAQ:AMZN) by 2.3% in the first quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 42,819 shares of the e-commerce giant’s stock after selling 1,029 shares during the period. Amazon.com accounts for about 3.5% of Benson Investment Management Company Inc.’s investment portfolio, making the stock its 5th biggest holding. Benson Investment Management Company Inc.’s holdings in Amazon.com were worth $8,147,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds also recently bought and sold shares of the company. Long Run Wealth Advisors LLC increased its position in shares of Amazon.com by 23.1% during the first quarter. Long Run Wealth Advisors LLC now owns 20,284 shares of the e-commerce giant’s stock worth $3,859,000 after purchasing an additional 3,810 shares in the last quarter. TruWealth Advisors LLC grew its holdings in Amazon.com by 0.6% during the first quarter. TruWealth Advisors LLC now owns 177,481 shares of the e-commerce giant’s stock worth $33,768,000 after acquiring an additional 1,126 shares during the period. Veracity Capital LLC grew its holdings in Amazon.com by 0.3% during the first quarter. Veracity Capital LLC now owns 21,493 shares of the e-commerce giant’s stock worth $4,089,000 after acquiring an additional 63 shares during the period. Sendero Wealth Management LLC grew its holdings in Amazon.com by 13.7% during the first quarter. Sendero Wealth Management LLC now owns 103,552 shares of the e-commerce giant’s stock worth $19,702,000 after acquiring an additional 12,445 shares during the period. Finally, Freedom Financial Partners LLC grew its position in shares of Amazon.com by 3.5% during the 1st quarter. Freedom Financial Partners LLC now owns 7,239 shares of the e-commerce giant’s stock valued at $1,377,000 after acquiring an additional 244 shares during the period. Hedge funds and other institutional investors own 72.20% of the company’s stock.

Insider Activity at Amazon.com

In other Amazon.com news, VP Shelley Reynolds sold 2,695 shares of the stock in a transaction on Wednesday, May 21st. The stock was sold at an average price of $200.79, for a total transaction of $541,129.05. Following the sale, the vice president now owns 119,780 shares in the company, valued at approximately $24,050,626.20. This represents a 2.20% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, CEO Douglas J. Herrington sold 2,500 shares of the stock in a transaction on Thursday, May 1st. The shares were sold at an average price of $190.67, for a total value of $476,675.00. Following the sale, the chief executive officer now owns 506,974 shares in the company, valued at approximately $96,664,732.58. This trade represents a 0.49% decrease in their position. The disclosure for this sale can be found here. Insiders sold 102,037 shares of company stock valued at $20,531,075 in the last ninety days. Corporate insiders own 9.70% of the company’s stock.

Amazon.com Stock Up 1.9%

AMZN opened at $216.10 on Tuesday. The business has a 50 day moving average price of $196.38 and a two-hundred day moving average price of $209.26. The company has a quick ratio of 0.87, a current ratio of 1.06 and a debt-to-equity ratio of 0.18. The company has a market cap of $2.29 trillion, a PE ratio of 39.08, a P/E/G ratio of 1.50 and a beta of 1.33. Amazon.com, Inc. has a 52 week low of $151.61 and a 52 week high of $242.52.

Amazon.com (NASDAQ:AMZN) last issued its earnings results on Thursday, May 1st. The e-commerce giant reported $1.59 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.38 by $0.21. The business had revenue of $155.67 billion during the quarter, compared to the consensus estimate of $154.96 billion. Amazon.com had a return on equity of 24.25% and a net margin of 9.29%. The company’s revenue for the quarter was up 8.6% on a year-over-year basis. During the same period in the prior year, the business posted $0.98 EPS. As a group, research analysts anticipate that Amazon.com, Inc. will post 6.31 EPS for the current year.

Wall Street Analyst Weigh In

AMZN has been the topic of a number of analyst reports. Westpark Capital restated a “buy” rating and set a $280.00 target price on shares of Amazon.com in a research report on Friday, May 2nd. Wedbush reissued an “outperform” rating and issued a $235.00 target price (up from $225.00) on shares of Amazon.com in a research note on Friday, May 2nd. Stifel Nicolaus reduced their price target on shares of Amazon.com from $248.00 to $245.00 and set a “buy” rating on the stock in a research report on Friday, May 2nd. Cantor Fitzgerald lifted their price target on shares of Amazon.com from $230.00 to $240.00 and gave the company an “overweight” rating in a research report on Friday, May 2nd. Finally, JMP Securities reiterated a “market outperform” rating on shares of Amazon.com in a report on Tuesday, May 6th. Four analysts have rated the stock with a hold rating and forty-four have issued a buy rating to the company. Based on data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus target price of $244.89.

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.