Overbrook Management Corp Has $32.47 Million Stock Holdings in Amazon.com, Inc. $AMZN

Overbrook Management Corp lessened its holdings in shares of Amazon.com, Inc. (NASDAQ:AMZN) by 5.3% during the third quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 147,865 shares of the e-commerce giant’s stock after selling 8,196 shares during the period. Amazon.com comprises 5.8% of Overbrook Management Corp’s holdings, making the stock its 6th largest holding. Overbrook Management Corp’s holdings in Amazon.com were worth $32,467,000 as of its most recent SEC filing.

Several other hedge funds also recently made changes to their positions in AMZN. Barlow Wealth Partners Inc. raised its holdings in Amazon.com by 0.4% in the 2nd quarter. Barlow Wealth Partners Inc. now owns 12,565 shares of the e-commerce giant’s stock valued at $2,763,000 after acquiring an additional 44 shares in the last quarter. Ridgecrest Wealth Partners LLC increased its position in shares of Amazon.com by 0.5% in the second quarter. Ridgecrest Wealth Partners LLC now owns 8,399 shares of the e-commerce giant’s stock worth $1,843,000 after purchasing an additional 45 shares during the period. Probity Advisors Inc. raised its stake in Amazon.com by 0.4% in the second quarter. Probity Advisors Inc. now owns 12,157 shares of the e-commerce giant’s stock valued at $2,667,000 after purchasing an additional 45 shares in the last quarter. IMPACTfolio LLC lifted its position in Amazon.com by 3.8% during the third quarter. IMPACTfolio LLC now owns 1,225 shares of the e-commerce giant’s stock worth $269,000 after purchasing an additional 45 shares during the period. Finally, Union Savings Bank grew its stake in Amazon.com by 0.4% during the second quarter. Union Savings Bank now owns 10,723 shares of the e-commerce giant’s stock worth $2,510,000 after buying an additional 45 shares in the last quarter. 72.20% of the stock is owned by institutional investors.

Amazon.com Stock Performance

NASDAQ:AMZN opened at $221.27 on Thursday. The stock’s 50-day moving average is $229.32 and its 200-day moving average is $225.23. Amazon.com, Inc. has a 1-year low of $161.38 and a 1-year high of $258.60. The company has a current ratio of 1.01, a quick ratio of 0.80 and a debt-to-equity ratio of 0.14. The stock has a market cap of $2.37 trillion, a P/E ratio of 31.25, a price-to-earnings-growth ratio of 1.53 and a beta of 1.37.

Amazon.com (NASDAQ:AMZN) last posted its earnings results on Thursday, October 30th. The e-commerce giant reported $1.95 EPS for the quarter, topping the consensus estimate of $1.57 by $0.38. Amazon.com had a net margin of 11.06% and a return on equity of 23.62%. The business had revenue of $180.17 billion for the quarter, compared to the consensus estimate of $177.53 billion. During the same period last year, the company earned $1.43 EPS. The firm’s revenue was up 13.4% compared to the same quarter last year. Equities research analysts anticipate that Amazon.com, Inc. will post 6.31 earnings per share for the current year.

Wall Street Analysts Forecast Growth

AMZN has been the subject of several analyst reports. TD Cowen restated a “buy” rating and issued a $300.00 target price on shares of Amazon.com in a research report on Thursday, December 11th. Royal Bank Of Canada reiterated a “buy” rating and issued a $300.00 price target on shares of Amazon.com in a research note on Tuesday, December 2nd. BNP Paribas initiated coverage on Amazon.com in a research report on Monday, November 24th. They set an “outperform” rating for the company. Desjardins raised their price objective on Amazon.com to $218.00 in a research note on Monday, December 8th. Finally, Mizuho cut Amazon.com from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, November 18th. Two analysts have rated the stock with a Strong Buy rating, fifty-six have assigned a Buy rating and three have issued a Hold rating to the company. According to data from MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus price target of $295.50.

Insider Activity at Amazon.com

In related news, Director Daniel P. Huttenlocher sold 1,237 shares of the business’s stock in a transaction on Thursday, November 20th. The shares were sold at an average price of $226.61, for a total value of $280,316.57. Following the sale, the director owned 26,148 shares of the company’s stock, valued at $5,925,398.28. The trade was a 4.52% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Also, CEO Matthew S. Garman sold 17,768 shares of the stock in a transaction on Friday, November 21st. The shares were sold at an average price of $216.90, for a total value of $3,853,879.20. Following the completion of the sale, the chief executive officer owned 6,273 shares of the company’s stock, valued at $1,360,613.70. The trade was a 73.91% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold 82,234 shares of company stock valued at $19,076,767 in the last quarter. Insiders own 9.70% of the company’s stock.

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.