Cable Hill Partners LLC Has $1.82 Million Stock Holdings in Amazon.com, Inc. (NASDAQ:AMZN)

Cable Hill Partners LLC raised its stake in shares of Amazon.com, Inc. (NASDAQ:AMZN) by 3.0% during the first quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 9,872 shares of the e-commerce giant’s stock after purchasing an additional 284 shares during the quarter. Amazon.com accounts for 0.2% of Cable Hill Partners LLC’s portfolio, making the stock its 27th largest holding. Cable Hill Partners LLC’s holdings in Amazon.com were worth $1,821,000 as of its most recent SEC filing.

Other institutional investors also recently added to or reduced their stakes in the company. Castlekeep Investment Advisors LLC acquired a new stake in Amazon.com during the fourth quarter valued at approximately $25,000. Prudent Man Investment Management Inc. bought a new position in shares of Amazon.com in the fourth quarter valued at approximately $27,000. LSV Asset Management bought a new position in shares of Amazon.com in the fourth quarter valued at approximately $35,000. Cooksen Wealth LLC bought a new position in shares of Amazon.com in the first quarter valued at approximately $36,000. Finally, Inlight Wealth Management LLC bought a new position in shares of Amazon.com in the first quarter valued at approximately $40,000. 72.20% of the stock is owned by institutional investors and hedge funds.

Insiders Place Their Bets

In other Amazon.com news, insider Jeffrey P. Bezos sold 4,273,237 shares of the stock in a transaction that occurred on Friday, July 11th. The shares were sold at an average price of $224.81, for a total transaction of $960,666,409.97. Following the transaction, the insider owned 897,722,088 shares in the company, valued at $201,816,902,603.28. This represents a 0.47% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Over the last quarter, insiders have sold 25,096,253 shares of company stock valued at $5,673,745,409. 9.70% of the stock is owned by corporate insiders.

Wall Street Analysts Forecast Growth

A number of research analysts have recently issued reports on the stock. BMO Capital Markets lifted their target price on shares of Amazon.com from $270.00 to $280.00 and gave the company an “outperform” rating in a research note on Friday, August 1st. Sanford C. Bernstein set a $235.00 target price on shares of Amazon.com and gave the company an “outperform” rating in a research note on Tuesday, July 1st. Susquehanna boosted their price objective on shares of Amazon.com from $225.00 to $260.00 and gave the stock a “positive” rating in a research report on Friday, August 1st. Bank of America boosted their price objective on shares of Amazon.com from $265.00 to $272.00 and gave the stock a “buy” rating in a research report on Friday, August 1st. Finally, BNP Paribas Exane upgraded shares of Amazon.com from a “neutral” rating to an “outperform” rating and set a $254.00 price objective for the company in a research report on Friday, June 27th. One research analyst has rated the stock with a hold rating, forty-seven have given a buy rating and two have issued a strong buy rating to the stock. Based on data from MarketBeat, the company has a consensus rating of “Buy” and a consensus price target of $262.45.

Amazon.com Stock Up 1.4%

Amazon.com stock opened at $224.66 on Thursday. The stock has a market cap of $2.40 trillion, a P/E ratio of 34.25, a P/E/G ratio of 1.49 and a beta of 1.31. The company has a quick ratio of 0.81, a current ratio of 1.02 and a debt-to-equity ratio of 0.15. Amazon.com, Inc. has a twelve month low of $161.38 and a twelve month high of $242.52. The company’s 50-day moving average price is $220.60 and its two-hundred day moving average price is $208.72.

Amazon.com (NASDAQ:AMZN) last released its quarterly earnings results on Thursday, July 31st. The e-commerce giant reported $1.68 earnings per share for the quarter, beating the consensus estimate of $1.31 by $0.37. The firm had revenue of $167.70 billion for the quarter, compared to analysts’ expectations of $161.80 billion. Amazon.com had a net margin of 10.54% and a return on equity of 23.84%. The business’s revenue was up 13.3% on a year-over-year basis. During the same period in the prior year, the firm earned $1.26 EPS. As a group, analysts expect that Amazon.com, Inc. will post 6.31 EPS for the current year.

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.