South Street Advisors LLC Acquires 155 Shares of Amazon.com, Inc. (NASDAQ:AMZN)

South Street Advisors LLC raised its position in shares of Amazon.com, Inc. (NASDAQ:AMZN) by 0.7% during the second quarter, HoldingsChannel reports. The fund owned 21,183 shares of the e-commerce giant’s stock after acquiring an additional 155 shares during the quarter. South Street Advisors LLC’s holdings in Amazon.com were worth $4,094,000 at the end of the most recent quarter.

A number of other institutional investors have also added to or reduced their stakes in the business. Comerica Bank raised its holdings in Amazon.com by 2.0% in the fourth quarter. Comerica Bank now owns 2,122,350 shares of the e-commerce giant’s stock valued at $322,470,000 after acquiring an additional 42,518 shares in the last quarter. Chilton Investment Co. Inc. lifted its holdings in Amazon.com by 1.5% in the fourth quarter. Chilton Investment Co. Inc. now owns 16,764 shares of the e-commerce giant’s stock worth $2,547,000 after acquiring an additional 253 shares during the last quarter. C M Bidwell & Associates Ltd. lifted its holdings in shares of Amazon.com by 2.3% in the fourth quarter. C M Bidwell & Associates Ltd. now owns 6,672 shares of the e-commerce giant’s stock valued at $1,014,000 after buying an additional 150 shares during the period. Brevan Howard Capital Management LP acquired a new position in Amazon.com in the 4th quarter valued at approximately $2,954,000. Finally, Bragg Financial Advisors Inc lifted its position in Amazon.com by 1.9% during the 4th quarter. Bragg Financial Advisors Inc now owns 142,882 shares of the e-commerce giant’s stock worth $21,709,000 after acquiring an additional 2,717 shares during the last quarter. Hedge funds and other institutional investors own 72.20% of the company’s stock.

Insider Buying and Selling at Amazon.com

In other news, VP Shelley Reynolds sold 3,791 shares of the business’s stock in a transaction that occurred on Wednesday, August 21st. The shares were sold at an average price of $181.04, for a total value of $686,322.64. Following the completion of the transaction, the vice president now owns 121,461 shares of the company’s stock, valued at $21,989,299.44. The trade was a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. In other Amazon.com news, CEO Douglas J. Herrington sold 3,500 shares of the business’s stock in a transaction dated Thursday, August 1st. The stock was sold at an average price of $189.25, for a total value of $662,375.00. Following the completion of the sale, the chief executive officer now owns 503,753 shares of the company’s stock, valued at $95,335,255.25. The trade was a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, VP Shelley Reynolds sold 3,791 shares of the stock in a transaction on Wednesday, August 21st. The stock was sold at an average price of $181.04, for a total value of $686,322.64. Following the transaction, the vice president now owns 121,461 shares of the company’s stock, valued at $21,989,299.44. This represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 54,355 shares of company stock worth $9,877,423 over the last 90 days. Corporate insiders own 10.80% of the company’s stock.

Amazon.com Trading Up 0.8 %

Amazon.com stock opened at $186.65 on Friday. The stock has a market capitalization of $1.94 trillion, a P/E ratio of 52.28, a PEG ratio of 1.46 and a beta of 1.14. The company has a debt-to-equity ratio of 0.23, a quick ratio of 0.88 and a current ratio of 1.10. Amazon.com, Inc. has a 52 week low of $118.35 and a 52 week high of $201.20. The stock has a 50-day simple moving average of $179.11 and a 200 day simple moving average of $183.05.

Amazon.com (NASDAQ:AMZN) last released its quarterly earnings data on Thursday, August 1st. The e-commerce giant reported $1.23 EPS for the quarter, beating the consensus estimate of $1.05 by $0.18. Amazon.com had a net margin of 7.35% and a return on equity of 21.39%. The business had revenue of $147.98 billion during the quarter, compared to the consensus estimate of $148.63 billion. Analysts expect that Amazon.com, Inc. will post 4.86 earnings per share for the current year.

Wall Street Analysts Forecast Growth

Several brokerages have issued reports on AMZN. Benchmark reiterated a “buy” rating and issued a $200.00 price target on shares of Amazon.com in a research note on Friday, August 2nd. Wedbush reissued an “outperform” rating and issued a $225.00 target price on shares of Amazon.com in a research note on Friday, August 2nd. Morgan Stanley reiterated an “overweight” rating and set a $210.00 price objective on shares of Amazon.com in a research note on Thursday, October 3rd. UBS Group boosted their price target on shares of Amazon.com from $217.00 to $224.00 and gave the stock a “buy” rating in a research note on Tuesday, July 30th. Finally, Telsey Advisory Group reaffirmed an “outperform” rating and issued a $215.00 price target on shares of Amazon.com in a report on Thursday. Two analysts have rated the stock with a hold rating, forty have given a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat, the company has a consensus rating of “Moderate Buy” and an average price target of $222.67.

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.