Delaney Dennis R Grows Stock Position in Amazon.com, Inc. (NASDAQ:AMZN)

Delaney Dennis R lifted its stake in Amazon.com, Inc. (NASDAQ:AMZN) by 11.7% during the 3rd quarter, Holdings Channel reports. The institutional investor owned 428 shares of the e-commerce giant’s stock after buying an additional 45 shares during the period. Delaney Dennis R’s holdings in Amazon.com were worth $743,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in AMZN. Gulf International Bank UK Ltd increased its holdings in Amazon.com by 0.5% during the 2nd quarter. Gulf International Bank UK Ltd now owns 98,957 shares of the e-commerce giant’s stock valued at $187,387,000 after purchasing an additional 480 shares during the period. Gladstone Institutional Advisory LLC boosted its position in Amazon.com by 12.0% during the 2nd quarter. Gladstone Institutional Advisory LLC now owns 1,742 shares of the e-commerce giant’s stock valued at $3,299,000 after acquiring an additional 186 shares in the last quarter. Cornerstone Advisory LLC boosted its position in Amazon.com by 50.0% during the 2nd quarter. Cornerstone Advisory LLC now owns 1,374 shares of the e-commerce giant’s stock valued at $2,602,000 after acquiring an additional 458 shares in the last quarter. RB Capital Management LLC boosted its position in Amazon.com by 8.5% during the 2nd quarter. RB Capital Management LLC now owns 1,339 shares of the e-commerce giant’s stock valued at $2,536,000 after acquiring an additional 105 shares in the last quarter. Finally, Family Management Corp boosted its position in Amazon.com by 1.0% during the 2nd quarter. Family Management Corp now owns 2,805 shares of the e-commerce giant’s stock valued at $5,312,000 after acquiring an additional 28 shares in the last quarter. Hedge funds and other institutional investors own 55.60% of the company’s stock.

Several analysts have weighed in on AMZN shares. MKM Partners cut their price objective on Amazon.com from $2,350.00 to $2,250.00 and set a “buy” rating on the stock in a research report on Friday, October 25th. Raymond James cut their price objective on Amazon.com from $2,080.00 to $2,020.00 and set an “outperform” rating on the stock in a research report on Friday, October 25th. BidaskClub cut Amazon.com from a “sell” rating to a “strong sell” rating in a research report on Thursday, September 19th. Loop Capital set a $2,380.00 price objective on Amazon.com and gave the company a “buy” rating in a research report on Monday, July 15th. Finally, Macquarie set a $2,200.00 price objective on Amazon.com and gave the company a “buy” rating in a research report on Friday, October 25th. One equities research analyst has rated the stock with a sell rating, two have assigned a hold rating and forty-two have issued a buy rating to the stock. Amazon.com currently has a consensus rating of “Buy” and a consensus price target of $2,189.97.

Shares of NASDAQ AMZN opened at $1,785.88 on Friday. The firm has a market cap of $893.28 billion, a P/E ratio of 88.67, a PEG ratio of 3.20 and a beta of 1.56. The company has a quick ratio of 0.84, a current ratio of 1.10 and a debt-to-equity ratio of 0.40. The company has a 50 day moving average of $1,759.09 and a 200 day moving average of $1,840.01. Amazon.com, Inc. has a twelve month low of $1,307.00 and a twelve month high of $2,035.80.

Amazon.com (NASDAQ:AMZN) last issued its earnings results on Thursday, October 24th. The e-commerce giant reported $4.23 earnings per share for the quarter, missing the consensus estimate of $4.46 by ($0.23). The firm had revenue of $69.98 billion during the quarter, compared to the consensus estimate of $68.72 billion. Amazon.com had a return on equity of 22.52% and a net margin of 4.27%. The company’s quarterly revenue was up 23.7% on a year-over-year basis. During the same period in the prior year, the company posted $5.75 EPS. As a group, equities analysts expect that Amazon.com, Inc. will post 20.52 earnings per share for the current fiscal year.

In related news, CEO Jeffrey A. Wilke sold 3,475 shares of the company’s stock in a transaction on Thursday, August 15th. The shares were sold at an average price of $1,773.99, for a total value of $6,164,615.25. Following the completion of the transaction, the chief executive officer now owns 10,000 shares of the company’s stock, valued at approximately $17,739,900. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Also, Director Indra K. Nooyi bought 100 shares of the company’s stock in a transaction that occurred on Friday, October 4th. The stock was purchased at an average cost of $1,726.06 per share, with a total value of $172,606.00. Following the acquisition, the director now directly owns 250 shares in the company, valued at approximately $431,515. The disclosure for this purchase can be found here. Insiders sold a total of 22,747 shares of company stock valued at $40,737,808 in the last ninety days. 16.10% of the stock is currently owned by insiders.

Amazon.com Profile

Amazon.com, Inc engages in the retail sale of consumer products and subscriptions in North America and internationally. The company operates through three segments: North America, International, and Amazon Web Services (AWS) segments. It sells merchandise and content purchased for resale from third-party sellers through physical stores and online stores.

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

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