Estabrook Capital Management Boosts Holdings in Amazon.com, Inc. (NASDAQ:AMZN)

Estabrook Capital Management grew its position in shares of Amazon.com, Inc. (NASDAQ:AMZN) by 1.2% during the second quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 26,760 shares of the e-commerce giant’s stock after purchasing an additional 305 shares during the period. Estabrook Capital Management’s holdings in Amazon.com were worth $5,171,000 as of its most recent SEC filing.

A number of other hedge funds also recently made changes to their positions in AMZN. PayPay Securities Corp raised its stake in shares of Amazon.com by 64.6% during the second quarter. PayPay Securities Corp now owns 163 shares of the e-commerce giant’s stock valued at $32,000 after purchasing an additional 64 shares during the period. Christopher J. Hasenberg Inc grew its position in shares of Amazon.com by 650.0% during the second quarter. Christopher J. Hasenberg Inc now owns 300 shares of the e-commerce giant’s stock worth $58,000 after buying an additional 260 shares in the last quarter. Steph & Co. acquired a new stake in shares of Amazon.com during the first quarter worth approximately $65,000. Koesten Hirschmann & Crabtree INC. acquired a new stake in shares of Amazon.com during the first quarter worth approximately $69,000. Finally, Innealta Capital LLC acquired a new stake in shares of Amazon.com during the second quarter worth approximately $77,000. Hedge funds and other institutional investors own 72.20% of the company’s stock.

Amazon.com Price Performance

Shares of Amazon.com stock opened at $189.70 on Wednesday. The company has a current ratio of 1.10, a quick ratio of 0.88 and a debt-to-equity ratio of 0.23. The company’s 50-day moving average price is $182.82 and its two-hundred day moving average price is $183.53. Amazon.com, Inc. has a 52 week low of $118.35 and a 52 week high of $201.20. The stock has a market cap of $1.97 trillion, a PE ratio of 53.14, a price-to-earnings-growth ratio of 1.38 and a beta of 1.14.

Amazon.com (NASDAQ:AMZN) last issued its quarterly earnings results on Thursday, August 1st. The e-commerce giant reported $1.23 EPS for the quarter, topping 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 firm had revenue of $147.98 billion for the quarter, compared to analysts’ expectations of $148.63 billion. As a group, sell-side analysts anticipate that Amazon.com, Inc. will post 4.85 EPS for the current fiscal year.

Wall Street Analyst Weigh In

AMZN has been the subject of a number of recent analyst reports. Maxim Group raised their price target on shares of Amazon.com from $238.00 to $251.00 and gave the stock a “buy” rating in a research report on Friday, August 2nd. Scotiabank initiated coverage on shares of Amazon.com in a research report on Friday, October 11th. They set a “sector outperform” rating and a $245.00 price target for the company. Piper Sandler decreased their price target on shares of Amazon.com from $220.00 to $215.00 and set an “overweight” rating for the company in a research report on Friday, August 2nd. UBS Group lifted their price objective on shares of Amazon.com from $217.00 to $224.00 and gave the stock a “buy” rating in a report on Tuesday, July 30th. Finally, Cantor Fitzgerald reaffirmed an “overweight” rating and issued a $230.00 price objective on shares of Amazon.com in a report on Monday, October 7th. Two investment analysts have rated the stock with a hold rating, forty-two have assigned a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $236.78.

Insiders Place Their Bets

In other Amazon.com news, CEO Andrew R. Jassy sold 20,784 shares of the business’s stock in a transaction dated Wednesday, August 21st. The shares were sold at an average price of $180.77, for a total value of $3,757,123.68. Following the sale, the chief executive officer now directly owns 2,056,534 shares in the company, valued at approximately $371,759,651.18. The trade was a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. In other Amazon.com news, CFO Brian T. Olsavsky sold 14,600 shares of the business’s stock in a transaction dated Wednesday, August 21st. The stock was sold at an average price of $180.00, for a total transaction of $2,628,000.00. Following the sale, the chief financial officer now owns 49,000 shares in the company, valued at approximately $8,820,000. The trade was a 0.00 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CEO Andrew R. Jassy sold 20,784 shares of the business’s stock in a transaction dated Wednesday, August 21st. The stock was sold at an average price of $180.77, for a total value of $3,757,123.68. Following the sale, the chief executive officer now owns 2,056,534 shares in the company, valued at approximately $371,759,651.18. The trade was a 0.00 % decrease in their position. The disclosure for this sale can be found here. Over the last three months, insiders have sold 54,355 shares of company stock worth $9,877,423. 10.80% of the stock is owned by corporate insiders.

Amazon.com 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.