Amazon.com, Inc. (NASDAQ:AMZN) is Arthur M. Cohen & Associates LLC’s 8th Largest Position

Arthur M. Cohen & Associates LLC boosted its position in shares of Amazon.com, Inc. (NASDAQ:AMZN) by 1.2% during the third quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 136,893 shares of the e-commerce giant’s stock after purchasing an additional 1,610 shares during the quarter. Amazon.com makes up 4.6% of Arthur M. Cohen & Associates LLC’s portfolio, making the stock its 8th biggest holding. Arthur M. Cohen & Associates LLC’s holdings in Amazon.com were worth $25,346,000 at the end of the most recent quarter.

A number of other institutional investors also recently bought and sold shares of the company. Hanlon Investment Management Inc. boosted its position in Amazon.com by 17.7% during the third quarter. Hanlon Investment Management Inc. now owns 6,972 shares of the e-commerce giant’s stock worth $1,299,000 after purchasing an additional 1,050 shares in the last quarter. Pittenger & Anderson Inc. increased its position in Amazon.com by 0.8% during the third quarter. Pittenger & Anderson Inc. now owns 203,870 shares of the e-commerce giant’s stock worth $37,987,000 after buying an additional 1,678 shares in the last quarter. Arista Wealth Management LLC increased its position in Amazon.com by 4.4% during the third quarter. Arista Wealth Management LLC now owns 17,143 shares of the e-commerce giant’s stock worth $3,194,000 after buying an additional 725 shares in the last quarter. Amalgamated Bank increased its position in Amazon.com by 3.0% during the third quarter. Amalgamated Bank now owns 2,036,099 shares of the e-commerce giant’s stock worth $379,386,000 after buying an additional 59,523 shares in the last quarter. Finally, Sentry Investment Management LLC increased its position in Amazon.com by 4.5% during the third quarter. Sentry Investment Management LLC now owns 44,565 shares of the e-commerce giant’s stock worth $8,304,000 after buying an additional 1,939 shares in the last quarter. 72.20% of the stock is currently owned by hedge funds and other institutional investors.

Amazon.com Stock Down 0.7 %

Shares of Amazon.com stock opened at $227.46 on Friday. The business’s fifty day moving average price is $201.65 and its two-hundred day moving average price is $189.67. The company has a debt-to-equity ratio of 0.21, a current ratio of 1.09 and a quick ratio of 0.87. The company has a market capitalization of $2.39 trillion, a P/E ratio of 48.71, a PEG ratio of 1.54 and a beta of 1.16. Amazon.com, Inc. has a 1-year low of $144.05 and a 1-year high of $231.20.

Amazon.com (NASDAQ:AMZN) last announced 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 firm had revenue of $158.88 billion for the quarter, compared to the consensus estimate of $157.28 billion. Amazon.com had a return on equity of 22.41% and a net margin of 8.04%. The firm’s revenue for the quarter was up 11.0% on a year-over-year basis. During the same quarter in the previous year, the business earned $0.85 EPS. As a group, research analysts forecast that Amazon.com, Inc. will post 5.29 EPS for the current year.

Insider Buying and Selling at Amazon.com

In other news, SVP David Zapolsky sold 2,190 shares of the firm’s stock in a transaction on Tuesday, September 24th. The stock was sold at an average price of $195.00, for a total transaction of $427,050.00. Following the completion of the sale, the senior vice president now directly owns 62,420 shares of the company’s stock, valued at $12,171,900. This trade represents a 3.39 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Also, Director Jonathan Rubinstein sold 4,351 shares of the firm’s stock in a transaction on Monday, December 9th. The stock was sold at an average price of $229.85, for a total value of $1,000,077.35. Following the sale, the director now directly owns 88,203 shares of the company’s stock, valued at approximately $20,273,459.55. This represents a 4.70 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders sold 6,034,534 shares of company stock valued at $1,253,883,872. 10.80% of the stock is owned by corporate insiders.

Analysts Set New Price Targets

Several research firms have weighed in on AMZN. BMO Capital Markets reissued an “outperform” rating and set a $236.00 price target on shares of Amazon.com in a research report on Tuesday, December 3rd. Needham & Company LLC reissued a “buy” rating and set a $250.00 price target on shares of Amazon.com in a research note on Tuesday. Piper Sandler raised their price objective on Amazon.com from $215.00 to $225.00 and gave the stock an “overweight” rating in a report on Friday, November 1st. Jefferies Financial Group raised their target price on shares of Amazon.com from $225.00 to $235.00 and gave the company a “buy” rating in a research note on Friday, November 1st. Finally, Bank of America raised their target price on shares of Amazon.com from $210.00 to $230.00 and gave the company a “buy” rating in a research note on Friday, November 1st. Two investment analysts have rated the stock with a hold rating, forty-one have issued a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat, the company currently has an average rating of “Moderate Buy” and an average price target of $238.87.

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.