Amazon.com, Inc. (NASDAQ:AMZN) Shares Acquired by S&CO Inc.

S&CO Inc. lifted its stake in shares of Amazon.com, Inc. (NASDAQ:AMZN) by 0.5% during the third quarter, Holdings Channel reports. The firm owned 1,329 shares of the e-commerce giant’s stock after buying an additional 7 shares during the period. S&CO Inc.’s holdings in Amazon.com were worth $4,365,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors also recently made changes to their positions in the company. Sphinx Trading LP bought a new position in Amazon.com during the 3rd quarter valued at $30,000. Lion Street Advisors LLC purchased a new stake in shares of Amazon.com in the second quarter valued at $52,000. Lountzis Asset Management LLC raised its holdings in shares of Amazon.com by 60.0% during the third quarter. Lountzis Asset Management LLC now owns 16 shares of the e-commerce giant’s stock worth $53,000 after acquiring an additional 6 shares in the last quarter. True Link Financial Advisors LLC purchased a new stake in shares of Amazon.com during the second quarter worth $72,000. Finally, Dark Forest Capital Management LP purchased a new stake in shares of Amazon.com during the second quarter worth $96,000. Institutional investors and hedge funds own 56.96% of the company’s stock.

AMZN has been the topic of several analyst reports. Benchmark lowered their target price on shares of Amazon.com from $4,400.00 to $4,000.00 and set a “buy” rating on the stock in a research report on Friday, October 29th. The Goldman Sachs Group decreased their target price on Amazon.com from $4,250.00 to $4,100.00 and set a “buy” rating on the stock in a research report on Friday, October 29th. Evercore ISI assumed coverage on shares of Amazon.com in a research note on Tuesday, December 21st. They set an “outperform” rating for the company. Royal Bank of Canada cut their target price on shares of Amazon.com from $4,150.00 to $4,000.00 and set an “outperform” rating for the company in a research note on Friday, October 29th. Finally, Morgan Stanley boosted their price objective on shares of Amazon.com from $4,000.00 to $4,200.00 and gave the stock an “overweight” rating in a research report on Tuesday. Forty equities research analysts have rated the stock with a buy rating, Based on data from MarketBeat.com, Amazon.com presently has an average rating of “Buy” and a consensus target price of $4,201.88.

In other news, insider Jeffrey P. Bezos sold 50,034 shares of the firm’s stock in a transaction on Tuesday, November 2nd. The shares were sold at an average price of $3,319.45, for a total transaction of $166,085,361.30. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CEO Adam Selipsky sold 712 shares of the firm’s stock in a transaction on Monday, November 15th. The shares were sold at an average price of $3,534.74, for a total transaction of $2,516,734.88. The disclosure for this sale can be found here. In the last three months, insiders sold 86,314 shares of company stock valued at $292,824,570. 14.00% of the stock is owned by insiders.

NASDAQ AMZN opened at $3,242.76 on Friday. The firm has a market capitalization of $1.64 trillion, a price-to-earnings ratio of 63.43, a P/E/G ratio of 2.62 and a beta of 1.10. The company has a current ratio of 1.12, a quick ratio of 0.87 and a debt-to-equity ratio of 0.42. The firm’s 50 day simple moving average is $3,438.21 and its 200 day simple moving average is $3,427.83. Amazon.com, Inc. has a 1 year low of $2,881.00 and a 1 year high of $3,773.08.

Amazon.com (NASDAQ:AMZN) last issued its quarterly earnings data on Wednesday, October 27th. The e-commerce giant reported $6.12 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $9.10 by ($2.98). The company had revenue of $110.81 billion during the quarter, compared to the consensus estimate of $111.66 billion. Amazon.com had a net margin of 5.73% and a return on equity of 24.31%. Amazon.com’s revenue for the quarter was up 15.3% on a year-over-year basis. During the same period in the previous year, the company earned $12.37 EPS. On average, equities research analysts forecast that Amazon.com, Inc. will post 40.79 earnings per share for the current year.

Amazon.com Company Profile

Amazon.com, Inc engages in the provision of online retail shopping services. It operates through the following business segments: North America, International, and Amazon Web Services (AWS). The North America segment includes retail sales of consumer products and subscriptions through North America-focused websites such as www.amazon.com and www.amazon.ca.

Further Reading: When is a capital gain realized?

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Institutional Ownership by Quarter for Amazon.com (NASDAQ:AMZN)

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