Amazon.com, Inc. (NASDAQ:AMZN) is Beech Hill Advisors Inc.’s Largest Position

Beech Hill Advisors Inc. cut its holdings in shares of Amazon.com, Inc. (NASDAQ:AMZN) by 3.9% in the first quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 56,508 shares of the e-commerce giant’s stock after selling 2,271 shares during the quarter. Amazon.com accounts for about 4.3% of Beech Hill Advisors Inc.’s portfolio, making the stock its largest holding. Beech Hill Advisors Inc.’s holdings in Amazon.com were worth $10,751,000 at the end of the most recent quarter.

A number of other institutional investors also recently bought and sold shares of the business. Tallon Kerry Patrick acquired a new stake in Amazon.com in the 4th quarter valued at $800,000. Capital & Planning LLC grew its stake in Amazon.com by 72.1% in the 4th quarter. Capital & Planning LLC now owns 3,902 shares of the e-commerce giant’s stock valued at $856,000 after acquiring an additional 1,635 shares during the period. LaFleur & Godfrey LLC grew its stake in Amazon.com by 1.8% in the 4th quarter. LaFleur & Godfrey LLC now owns 49,407 shares of the e-commerce giant’s stock valued at $10,839,000 after acquiring an additional 860 shares during the period. Brighton Jones LLC grew its stake in Amazon.com by 10.9% in the 4th quarter. Brighton Jones LLC now owns 4,036,091 shares of the e-commerce giant’s stock valued at $885,478,000 after acquiring an additional 397,007 shares during the period. Finally, Union Bancaire Privee UBP SA acquired a new stake in Amazon.com in the 4th quarter valued at $301,650,000. 72.20% of the stock is owned by hedge funds and other institutional investors.

Amazon.com Stock Up 1.0%

Amazon.com stock opened at $226.13 on Friday. Amazon.com, Inc. has a fifty-two week low of $151.61 and a fifty-two week high of $242.52. The company has a debt-to-equity ratio of 0.17, a quick ratio of 0.84 and a current ratio of 1.05. The firm has a 50 day moving average price of $213.50 and a 200 day moving average price of $208.67. The company has a market capitalization of $2.40 trillion, a PE ratio of 36.83, a price-to-earnings-growth ratio of 1.67 and a beta of 1.33.

Amazon.com (NASDAQ:AMZN) last issued its quarterly 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 company had revenue of $155.67 billion for the quarter, compared to analyst estimates of $154.96 billion. Amazon.com had a net margin of 10.14% and a return on equity of 24.14%. The business’s revenue for the quarter was up 8.6% compared to the same quarter last year. During the same period in the prior year, the firm earned $0.98 earnings per share. Research analysts expect that Amazon.com, Inc. will post 6.31 earnings per share for the current year.

Analysts Set New Price Targets

A number of equities research analysts recently issued reports on the stock. Raymond James Financial reissued an “outperform” rating and issued a $195.00 price target (down previously from $275.00) on shares of Amazon.com in a research note on Monday, April 21st. Cantor Fitzgerald lifted their price target on shares of Amazon.com from $240.00 to $260.00 and gave the company an “overweight” rating in a research note on Wednesday. Citigroup reissued a “market outperform” rating on shares of Amazon.com in a research note on Thursday, July 10th. Jefferies Financial Group lifted their price target on shares of Amazon.com from $255.00 to $265.00 in a research note on Wednesday. Finally, Tigress Financial lifted their price target on shares of Amazon.com from $290.00 to $305.00 and gave the company a “buy” rating in a research note on Tuesday, May 6th. Three research analysts have rated the stock with a hold rating, forty-five have given a buy rating and two have issued a strong buy rating to the company. According to MarketBeat.com, Amazon.com currently has a consensus rating of “Moderate Buy” and a consensus price target of $250.35.

Insider Transactions at Amazon.com

In other Amazon.com news, CEO Douglas J. Herrington sold 2,500 shares of the business’s stock in a transaction dated Tuesday, July 1st. The shares were sold at an average price of $220.06, for a total transaction of $550,150.00. Following the sale, the chief executive officer directly owned 514,550 shares in the company, valued at $113,231,873. This represents a 0.48% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, insider Jeffrey P. Bezos sold 733,195 shares of the business’s stock in a transaction dated Tuesday, July 15th. The stock was sold at an average price of $227.02, for a total transaction of $166,449,928.90. Following the sale, the insider owned 894,546,706 shares in the company, valued at $203,079,993,196.12. This trade represents a 0.08% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 14,335,232 shares of company stock worth $3,210,622,570 over the last quarter. Insiders own 9.70% of the company’s stock.

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.