Amazon.com, Inc. (NASDAQ:AMZN) Shares Bought by Ted Buchan & Co

Ted Buchan & Co lifted its holdings in shares of Amazon.com, Inc. (NASDAQ:AMZN) by 4.0% during the 3rd quarter, according to its most recent disclosure with the SEC. The institutional investor owned 15,298 shares of the e-commerce giant’s stock after purchasing an additional 593 shares during the quarter. Amazon.com comprises about 1.4% of Ted Buchan & Co’s holdings, making the stock its 17th biggest holding. Ted Buchan & Co’s holdings in Amazon.com were worth $2,851,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also made changes to their positions in AMZN. Covestor Ltd raised its stake in shares of Amazon.com by 1.8% in the third quarter. Covestor Ltd now owns 5,339 shares of the e-commerce giant’s stock valued at $994,000 after acquiring an additional 95 shares in the last quarter. 17 Capital Partners LLC increased its holdings in Amazon.com by 1.5% during the 3rd quarter. 17 Capital Partners LLC now owns 10,502 shares of the e-commerce giant’s stock worth $1,957,000 after purchasing an additional 160 shares during the period. Mach 1 Financial Group LLC raised its position in Amazon.com by 5.7% in the 3rd quarter. Mach 1 Financial Group LLC now owns 14,256 shares of the e-commerce giant’s stock valued at $2,656,000 after purchasing an additional 763 shares in the last quarter. Mesirow Financial Investment Management Inc. boosted its stake in shares of Amazon.com by 1.3% in the 3rd quarter. Mesirow Financial Investment Management Inc. now owns 417,110 shares of the e-commerce giant’s stock valued at $77,720,000 after buying an additional 5,318 shares during the period. Finally, XML Financial LLC grew its position in shares of Amazon.com by 0.7% during the third quarter. XML Financial LLC now owns 52,914 shares of the e-commerce giant’s stock worth $9,859,000 after buying an additional 373 shares in the last quarter. Hedge funds and other institutional investors own 72.20% of the company’s stock.

Amazon.com Stock Up 1.3 %

Shares of NASDAQ:AMZN opened at $223.29 on Friday. The company has a market cap of $2.35 trillion, a price-to-earnings ratio of 47.81, a PEG ratio of 1.54 and a beta of 1.16. Amazon.com, Inc. has a fifty-two week low of $144.05 and a fifty-two week high of $233.00. The firm’s 50-day simple moving average is $205.11 and its 200-day simple moving average is $190.98. The company has a quick ratio of 0.87, a current ratio of 1.09 and a debt-to-equity ratio of 0.21.

Amazon.com (NASDAQ:AMZN) last released its earnings results on Thursday, October 31st. The e-commerce giant reported $1.43 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.14 by $0.29. The company had revenue of $158.88 billion for the quarter, compared to analysts’ expectations of $157.28 billion. Amazon.com had a return on equity of 22.41% and a net margin of 8.04%. The firm’s quarterly revenue was up 11.0% on a year-over-year basis. During the same quarter in the previous year, the firm posted $0.85 EPS. As a group, equities research analysts predict that Amazon.com, Inc. will post 5.29 earnings per share for the current year.

Wall Street Analysts Forecast Growth

A number of research analysts recently issued reports on AMZN shares. Mizuho lifted their price target on shares of Amazon.com from $240.00 to $260.00 and gave the stock an “outperform” rating in a research note on Tuesday, December 10th. Susquehanna lifted their price objective on shares of Amazon.com from $220.00 to $230.00 and gave the stock a “positive” rating in a research report on Friday, November 1st. Monness Crespi & Hardt boosted their target price on shares of Amazon.com from $225.00 to $245.00 and gave the stock a “buy” rating in a research note on Friday, November 1st. Cantor Fitzgerald restated an “overweight” rating and issued a $230.00 price target on shares of Amazon.com in a research note on Monday, October 7th. Finally, Morgan Stanley upped their price objective on Amazon.com from $210.00 to $230.00 and gave the stock an “overweight” rating in a research report on Monday, November 4th. Two investment analysts have rated the stock with a hold rating, forty-one have issued a buy rating and one has issued a strong buy rating to the company. According to MarketBeat, Amazon.com presently has an average rating of “Moderate Buy” and a consensus price target of $242.00.

Insider Buying and Selling

In other news, SVP David Zapolsky sold 2,190 shares of the business’s stock in a transaction that occurred on Tuesday, September 24th. The stock was sold at an average price of $195.00, for a total transaction of $427,050.00. Following the sale, the senior vice president now owns 62,420 shares of the company’s stock, valued at $12,171,900. The trade was a 3.39 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, CEO Douglas J. Herrington sold 5,502 shares of the company’s stock in a transaction that occurred on Friday, November 15th. The stock was sold at an average price of $205.81, for a total value of $1,132,366.62. Following the completion of the sale, the chief executive officer now owns 518,911 shares in the company, valued at approximately $106,797,072.91. This represents a 1.05 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 6,034,534 shares of company stock valued at $1,253,883,872 over the last quarter. Company insiders own 10.80% of the company’s stock.

About Amazon.com

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.