Amazon.com, Inc. (NASDAQ:AMZN) Shares Acquired by Wilkins Investment Counsel Inc.

Wilkins Investment Counsel Inc. increased its stake in Amazon.com, Inc. (NASDAQ:AMZN) by 134.8% during the 3rd quarter, according to its most recent Form 13F filing with the SEC. The fund owned 155 shares of the e-commerce giant’s stock after acquiring an additional 89 shares during the period. Wilkins Investment Counsel Inc.’s holdings in Amazon.com were worth $509,000 as of its most recent SEC filing.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Sphinx Trading LP acquired a new position in Amazon.com during the third quarter valued at approximately $30,000. Lion Street Advisors LLC acquired a new position in Amazon.com during the second quarter valued at approximately $52,000. Lountzis Asset Management LLC lifted its position in Amazon.com by 60.0% during the third quarter. Lountzis Asset Management LLC now owns 16 shares of the e-commerce giant’s stock valued at $53,000 after buying an additional 6 shares in the last quarter. True Link Financial Advisors LLC acquired a new position in Amazon.com during the second quarter valued at approximately $72,000. Finally, Dark Forest Capital Management LP acquired a new position in Amazon.com during the second quarter valued at approximately $96,000. 56.96% of the stock is currently owned by institutional investors and hedge funds.

AMZN has been the topic of a number of recent research reports. The Goldman Sachs Group reduced their price target on shares of 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. Raymond James dropped their price objective on shares of Amazon.com from $3,900.00 to $3,840.00 and set an “outperform” rating on the stock in a research note on Friday, October 29th. Mizuho dropped their price objective on shares of Amazon.com from $4,100.00 to $3,950.00 and set a “buy” rating on the stock in a research note on Friday, October 29th. Wolfe Research dropped their price objective on shares of Amazon.com from $3,850.00 to $3,800.00 and set an “outperform” rating on the stock in a research note on Friday, October 29th. Finally, BMO Capital Markets reiterated a “buy” rating and set a $4,100.00 price objective on shares of Amazon.com in a research note on Sunday, October 31st. Forty analysts have rated the stock with a buy rating, According to MarketBeat, the company has a consensus rating of “Buy” and a consensus price target of $4,201.88.

Shares of AMZN opened at $3,242.76 on Friday. The company 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. Amazon.com, Inc. has a fifty-two week low of $2,881.00 and a fifty-two week high of $3,773.08. The company has a debt-to-equity ratio of 0.42, a current ratio of 1.12 and a quick ratio of 0.87. The business’s 50-day moving average is $3,438.21 and its 200-day moving average is $3,427.83.

Amazon.com (NASDAQ:AMZN) last issued its earnings results on Wednesday, October 27th. The e-commerce giant reported $6.12 earnings per share for the quarter, missing analysts’ consensus estimates of $9.10 by ($2.98). The business had revenue of $110.81 billion during the quarter, compared to analyst estimates 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 quarter in the prior year, the company earned $12.37 EPS. Equities research analysts expect that Amazon.com, Inc. will post 40.79 earnings per share for the current fiscal year.

In related news, insider Jeffrey P. Bezos sold 32,700 shares of the business’s stock in a transaction that occurred on Thursday, November 4th. The stock was sold at an average price of $3,485.57, for a total value of $113,978,139.00. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, insider Jeffrey P. Bezos sold 50,034 shares of the company’s stock in a transaction that occurred on Tuesday, November 2nd. The stock was sold at an average price of $3,319.45, for a total value of $166,085,361.30. The disclosure for this sale can be found here. Insiders sold a total of 86,314 shares of company stock worth $292,824,570 in the last quarter. 14.00% of the stock is owned by corporate insiders.

About Amazon.com

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.

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

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