Genesee Capital Advisors LLC Has $2.13 Million Stake in Amazon.com, Inc. (NASDAQ:AMZN)

Genesee Capital Advisors LLC increased its position in Amazon.com, Inc. (NASDAQ:AMZN) by 28.6% in the third quarter, HoldingsChannel reports. The firm owned 11,439 shares of the e-commerce giant’s stock after acquiring an additional 2,543 shares during the period. Amazon.com accounts for about 1.0% of Genesee Capital Advisors LLC’s investment portfolio, making the stock its 22nd biggest holding. Genesee Capital Advisors LLC’s holdings in Amazon.com were worth $2,131,000 as of its most recent SEC filing.

A number of other institutional investors also recently modified their holdings of AMZN. China Universal Asset Management Co. Ltd. boosted its stake in shares of Amazon.com by 31.6% during the 1st quarter. China Universal Asset Management Co. Ltd. now owns 182,359 shares of the e-commerce giant’s stock valued at $32,894,000 after buying an additional 43,759 shares during the period. Quent Capital LLC boosted its stake in shares of Amazon.com by 3.3% during the 1st quarter. Quent Capital LLC now owns 33,729 shares of the e-commerce giant’s stock valued at $6,084,000 after buying an additional 1,081 shares during the period. Broderick Brian C boosted its stake in shares of Amazon.com by 18.2% during the 1st quarter. Broderick Brian C now owns 67,096 shares of the e-commerce giant’s stock valued at $12,103,000 after buying an additional 10,338 shares during the period. Cohen Capital Management Inc. boosted its stake in shares of Amazon.com by 2.8% during the 1st quarter. Cohen Capital Management Inc. now owns 72,567 shares of the e-commerce giant’s stock valued at $13,090,000 after buying an additional 1,972 shares during the period. Finally, Delaney Dennis R boosted its stake in shares of Amazon.com by 2.6% during the 1st quarter. Delaney Dennis R now owns 33,836 shares of the e-commerce giant’s stock valued at $6,103,000 after buying an additional 868 shares during the period. Institutional investors and hedge funds own 72.20% of the company’s stock.

Insider Buying and Selling at Amazon.com

In other Amazon.com news, Director Daniel P. Huttenlocher sold 1,237 shares of the business’s stock in a transaction dated Tuesday, November 19th. The shares were sold at an average price of $199.06, for a total value of $246,237.22. Following the transaction, the director now directly owns 24,912 shares in the company, valued at $4,958,982.72. The trade was a 4.73 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director Jonathan Rubinstein sold 4,766 shares of the business’s stock in a transaction dated Thursday, November 7th. The shares were sold at an average price of $209.85, for a total transaction of $1,000,145.10. Following the completion of the transaction, the director now owns 94,630 shares in the company, valued at approximately $19,858,105.50. This trade represents a 4.79 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 6,011,423 shares of company stock worth $1,249,093,896 over the last ninety days. Corporate insiders own 10.80% of the company’s stock.

Wall Street Analyst Weigh In

A number of equities research analysts have issued reports on AMZN shares. Needham & Company LLC lifted their target price on shares of Amazon.com from $210.00 to $250.00 and gave the company a “buy” rating in a research note on Thursday, November 14th. Wells Fargo & Company restated an “equal weight” rating and set a $197.00 price target on shares of Amazon.com in a report on Wednesday. Jefferies Financial Group raised their price target on shares of Amazon.com from $225.00 to $235.00 and gave the company a “buy” rating in a report on Friday, November 1st. Sanford C. Bernstein raised their price target on shares of Amazon.com from $225.00 to $235.00 and gave the company an “outperform” rating in a report on Friday, November 1st. Finally, Telsey Advisory Group raised their price target on shares of Amazon.com from $215.00 to $235.00 and gave the company an “outperform” rating in a report on Friday, November 1st. Two investment analysts have rated the stock with a hold rating, forty have issued a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average price target of $235.77.

Amazon.com Price Performance

Shares of Amazon.com stock opened at $197.12 on Friday. The company has a debt-to-equity ratio of 0.21, a quick ratio of 0.87 and a current ratio of 1.09. The firm’s 50-day simple moving average is $193.00 and its 200-day simple moving average is $186.32. Amazon.com, Inc. has a twelve month low of $142.81 and a twelve month high of $215.90. The firm has a market cap of $2.07 trillion, a P/E ratio of 42.21, a price-to-earnings-growth ratio of 1.37 and a beta of 1.14.

Amazon.com (NASDAQ:AMZN) last issued its earnings results on Thursday, October 31st. The e-commerce giant reported $1.43 earnings per share for the quarter, beating the consensus estimate of $1.14 by $0.29. The business had revenue of $158.88 billion for the quarter, compared to analyst estimates of $157.28 billion. Amazon.com had a net margin of 8.04% and a return on equity of 22.41%. The firm’s revenue was up 11.0% on a year-over-year basis. During the same period in the previous year, the business earned $0.85 EPS. As a group, research analysts expect that Amazon.com, Inc. will post 5.27 EPS for the current fiscal 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.