Amazon.com, Inc. (NASDAQ:AMZN) Shares Purchased by Beese Fulmer Investment Management Inc.

Beese Fulmer Investment Management Inc. grew its position in shares of Amazon.com, Inc. (NASDAQ:AMZN) by 1.4% during the 3rd quarter, Holdings Channel.com reports. The firm owned 176,250 shares of the e-commerce giant’s stock after purchasing an additional 2,513 shares during the quarter. Amazon.com accounts for 2.8% of Beese Fulmer Investment Management Inc.’s holdings, making the stock its 4th largest holding. Beese Fulmer Investment Management Inc.’s holdings in Amazon.com were worth $32,841,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds and other institutional investors have also modified their holdings of the company. China Universal Asset Management Co. Ltd. raised its holdings in Amazon.com by 31.6% in the 1st quarter. China Universal Asset Management Co. Ltd. now owns 182,359 shares of the e-commerce giant’s stock valued at $32,894,000 after acquiring an additional 43,759 shares during the last quarter. Quent Capital LLC grew its position in shares of Amazon.com by 3.3% in the first quarter. Quent Capital LLC now owns 33,729 shares of the e-commerce giant’s stock valued at $6,084,000 after purchasing an additional 1,081 shares during the period. Meeder Asset Management Inc. grew its position in shares of Amazon.com by 44.0% in the first quarter. Meeder Asset Management Inc. now owns 207,028 shares of the e-commerce giant’s stock valued at $37,344,000 after purchasing an additional 63,291 shares during the period. Meeder Advisory Services Inc. increased its stake in Amazon.com by 14.8% in the first quarter. Meeder Advisory Services Inc. now owns 114,940 shares of the e-commerce giant’s stock valued at $20,733,000 after purchasing an additional 14,815 shares during the last quarter. Finally, Verus Capital Partners LLC lifted its position in Amazon.com by 2.9% during the first quarter. Verus Capital Partners LLC now owns 408,608 shares of the e-commerce giant’s stock worth $73,705,000 after buying an additional 11,536 shares during the period. 72.20% of the stock is currently owned by hedge funds and other institutional investors.

Insider Transactions at Amazon.com

In related news, insider Jeffrey P. Bezos sold 2,996,362 shares of the stock in a transaction dated Friday, November 8th. The shares were sold at an average price of $208.85, for a total value of $625,790,203.70. Following the sale, the insider now owns 917,416,976 shares of the company’s stock, valued at $191,602,535,437.60. This trade represents a 0.33 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Daniel P. Huttenlocher sold 1,237 shares of the business’s stock in a transaction dated Tuesday, November 19th. The shares were sold at an average price of $199.06, for a total transaction of $246,237.22. Following the transaction, the director now directly owns 24,912 shares of the company’s stock, valued at $4,958,982.72. The trade was a 4.73 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 6,026,683 shares of company stock worth $1,252,148,795. 10.80% of the stock is currently owned by company insiders.

Analyst Ratings Changes

Several analysts have commented on AMZN shares. Scotiabank lifted their price target on Amazon.com from $245.00 to $246.00 and gave the company a “sector outperform” rating in a report on Friday, November 1st. Robert W. Baird boosted their target price on shares of Amazon.com from $213.00 to $220.00 and gave the company an “outperform” rating in a report on Friday, November 1st. Wells Fargo & Company reaffirmed an “equal weight” rating and set a $197.00 price target on shares of Amazon.com in a research note on Wednesday, November 20th. Barclays lifted their price target on shares of Amazon.com from $220.00 to $235.00 and gave the company an “overweight” rating in a report on Friday, August 2nd. Finally, Sanford C. Bernstein upped their price objective on Amazon.com from $225.00 to $235.00 and gave the stock an “outperform” rating in a report on Friday, November 1st. Two research analysts have rated the stock with a hold rating, forty-one have given a buy rating and one has assigned a strong buy rating to the company’s stock. According to MarketBeat, Amazon.com has an average rating of “Moderate Buy” and a consensus price target of $236.20.

Amazon.com Stock Up 3.2 %

AMZN stock opened at $207.86 on Wednesday. The firm has a market cap of $2.19 trillion, a price-to-earnings ratio of 44.51, a PEG ratio of 1.32 and a beta of 1.14. 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 $193.75 and a two-hundred day moving average price of $186.52. The company has a debt-to-equity ratio of 0.21, a current ratio of 1.09 and a quick ratio of 0.87.

Amazon.com (NASDAQ:AMZN) last announced its quarterly earnings data on Thursday, October 31st. The e-commerce giant reported $1.43 earnings per share for the quarter, beating analysts’ consensus estimates of $1.14 by $0.29. Amazon.com had a net margin of 8.04% and a return on equity of 22.41%. The business had revenue of $158.88 billion during the quarter, compared to the consensus estimate of $157.28 billion. During the same quarter in the prior year, the firm earned $0.85 EPS. The company’s revenue for the quarter was up 11.0% compared to the same quarter last year. Research analysts predict that Amazon.com, Inc. will post 5.29 EPS for the current year.

Amazon.com Company 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.