Liberty Capital Management Inc. Purchases 349 Shares of Amazon.com, Inc. (NASDAQ:AMZN)

Liberty Capital Management Inc. boosted its position in Amazon.com, Inc. (NASDAQ:AMZN) by 0.6% during the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 63,166 shares of the e-commerce giant’s stock after buying an additional 349 shares during the quarter. Amazon.com makes up about 2.6% of Liberty Capital Management Inc.’s holdings, making the stock its 6th biggest position. Liberty Capital Management Inc.’s holdings in Amazon.com were worth $11,770,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also bought and sold shares of AMZN. Community Trust & Investment Co. grew its position in Amazon.com by 0.5% in the 3rd quarter. Community Trust & Investment Co. now owns 335,309 shares of the e-commerce giant’s stock worth $62,478,000 after purchasing an additional 1,773 shares during the last quarter. Narwhal Capital Management grew its position in Amazon.com by 6.4% in the 3rd quarter. Narwhal Capital Management now owns 210,203 shares of the e-commerce giant’s stock worth $39,167,000 after purchasing an additional 12,621 shares during the last quarter. Segment Wealth Management LLC grew its position in Amazon.com by 0.9% in the 3rd quarter. Segment Wealth Management LLC now owns 32,999 shares of the e-commerce giant’s stock worth $6,149,000 after purchasing an additional 310 shares during the last quarter. Private Advisor Group LLC grew its position in Amazon.com by 1.4% in the 3rd quarter. Private Advisor Group LLC now owns 977,953 shares of the e-commerce giant’s stock worth $182,221,000 after purchasing an additional 13,212 shares during the last quarter. Finally, Tempus Wealth Planning LLC grew its position in Amazon.com by 9.1% in the 3rd quarter. Tempus Wealth Planning LLC now owns 16,103 shares of the e-commerce giant’s stock worth $3,000,000 after purchasing an additional 1,346 shares during the last quarter. 72.20% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling

In related news, CEO Douglas J. Herrington sold 5,502 shares of the stock in a transaction that occurred on Friday, November 15th. The shares were sold at an average price of $205.81, for a total value of $1,132,366.62. Following the completion of the transaction, the chief executive officer now owns 518,911 shares of the company’s stock, valued at $106,797,072.91. This represents a 1.05 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, Director Daniel P. Huttenlocher sold 1,237 shares of the stock in a transaction on Tuesday, November 19th. The stock was sold at an average price of $199.06, for a total transaction of $246,237.22. Following the sale, the director now owns 24,912 shares of the company’s stock, valued at approximately $4,958,982.72. This trade represents a 4.73 % 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. Company insiders own 10.80% of the company’s stock.

Amazon.com Trading Down 0.6 %

Shares of NASDAQ:AMZN opened at $197.12 on Monday. The company has a current ratio of 1.09, a quick ratio of 0.87 and a debt-to-equity ratio of 0.21. Amazon.com, Inc. has a 1 year low of $142.81 and a 1 year high of $215.90. The firm has a fifty day moving average price of $193.00 and a 200 day moving average price of $186.29. The stock has a market capitalization of $2.07 trillion, a PE ratio of 42.21, a P/E/G ratio of 1.33 and a beta of 1.14.

Amazon.com (NASDAQ:AMZN) last posted its quarterly earnings data on Thursday, October 31st. The e-commerce giant reported $1.43 earnings per share for the quarter, topping the consensus estimate of $1.14 by $0.29. Amazon.com had a net margin of 8.04% and a return on equity of 22.41%. The company had revenue of $158.88 billion during the quarter, compared to analyst estimates of $157.28 billion. During the same quarter last year, the business posted $0.85 earnings per share. The company’s revenue was up 11.0% on a year-over-year basis. Analysts expect that Amazon.com, Inc. will post 5.27 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

Several analysts have recently weighed in on the stock. The Goldman Sachs Group lifted their target price on shares of Amazon.com from $230.00 to $240.00 and gave the company a “buy” rating in a research report on Friday, November 1st. JPMorgan Chase & Co. boosted their target price on shares of Amazon.com from $230.00 to $250.00 and gave the stock an “overweight” rating in a research note on Friday, November 1st. Sanford C. Bernstein boosted their price objective 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. Royal Bank of Canada boosted their price objective on shares of Amazon.com from $215.00 to $225.00 and gave the stock an “outperform” rating in a research report on Friday, November 1st. Finally, Cantor Fitzgerald reissued an “overweight” rating and issued a $230.00 price objective on shares of Amazon.com in a research report on Monday, October 7th. Two research analysts have rated the stock with a hold rating, forty have issued a buy rating and one has assigned a strong buy rating to the company’s stock. According to MarketBeat.com, Amazon.com presently has an average rating of “Moderate Buy” and a consensus price target of $235.77.

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.