Buckingham Capital Management Inc. Raises Stake in Amazon.com, Inc. (AMZN)

Buckingham Capital Management Inc. boosted its stake in Amazon.com, Inc. (NASDAQ:AMZN) by 2.3% in the third quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 3,025 shares of the e-commerce giant’s stock after acquiring an additional 67 shares during the quarter. Amazon.com comprises about 1.2% of Buckingham Capital Management Inc.’s holdings, making the stock its 22nd largest holding. Buckingham Capital Management Inc.’s holdings in Amazon.com were worth $6,059,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Landaas & Co. WI ADV purchased a new position in Amazon.com in the 2nd quarter worth approximately $224,000. Northwestern Mutual Wealth Management Co. boosted its holdings in Amazon.com by 3.0% in the 3rd quarter. Northwestern Mutual Wealth Management Co. now owns 54,608 shares of the e-commerce giant’s stock worth $109,373,000 after acquiring an additional 1,599 shares during the period. Ironwood Investment Counsel LLC boosted its stake in shares of Amazon.com by 39.7% during the 3rd quarter. Ironwood Investment Counsel LLC now owns 535 shares of the e-commerce giant’s stock valued at $1,071,000 after buying an additional 152 shares during the last quarter. Spirit of America Management Corp NY purchased a new position in shares of Amazon.com during the 3rd quarter valued at approximately $110,000. Finally, Cookson Peirce & Co. Inc. purchased a new position in shares of Amazon.com during the 3rd quarter valued at approximately $252,000. Hedge funds and other institutional investors own 55.22% of the company’s stock.

In other Amazon.com news, SVP Jeffrey M. Blackburn sold 2,055 shares of the stock in a transaction on Friday, February 15th. The stock was sold at an average price of $1,616.34, for a total value of $3,321,578.70. Following the sale, the senior vice president now directly owns 46,596 shares of the company’s stock, valued at $75,314,978.64. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, CEO Jeffrey A. Wilke sold 1,645 shares of the stock in a transaction on Thursday, February 21st. The stock was sold at an average price of $1,614.65, for a total value of $2,656,099.25. Following the completion of the sale, the chief executive officer now directly owns 10,000 shares in the company, valued at $16,146,500. The disclosure for this sale can be found here. Insiders sold 5,075 shares of company stock worth $8,180,428 over the last ninety days. 16.30% of the stock is owned by corporate insiders.

AMZN stock opened at $1,712.36 on Friday. The company has a current ratio of 1.10, a quick ratio of 0.85 and a debt-to-equity ratio of 0.54. The company has a market cap of $841.12 billion, a P/E ratio of 85.02, a PEG ratio of 2.33 and a beta of 1.62. Amazon.com, Inc. has a 12-month low of $1,307.00 and a 12-month high of $2,050.50.

Amazon.com (NASDAQ:AMZN) last posted its quarterly earnings results on Thursday, January 31st. The e-commerce giant reported $6.04 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $5.55 by $0.49. Amazon.com had a return on equity of 27.02% and a net margin of 4.33%. The business had revenue of $72.38 billion for the quarter, compared to analyst estimates of $71.73 billion. During the same period in the prior year, the company posted $2.16 EPS. Sell-side analysts expect that Amazon.com, Inc. will post 26.72 earnings per share for the current year.

AMZN has been the subject of several research analyst reports. BMO Capital Markets increased their target price on Amazon.com from $2,250.00 to $2,300.00 and gave the company an “outperform” rating in a research note on Wednesday, January 30th. Guggenheim reiterated a “buy” rating and set a $2,000.00 target price on shares of Amazon.com in a research note on Thursday, January 31st. Benchmark reduced their target price on Amazon.com from $2,100.00 to $2,000.00 and set a “buy” rating for the company in a research note on Wednesday, January 30th. Goldman Sachs Group reduced their target price on Amazon.com from $2,200.00 to $2,000.00 and set a “conviction-buy” rating for the company in a research note on Friday, January 4th. Finally, Morgan Stanley reiterated a “buy” rating on shares of Amazon.com in a research note on Monday, December 10th. Five investment analysts have rated the stock with a hold rating and forty-three have issued a buy rating to the stock. The company has an average rating of “Buy” and an average price target of $2,118.63.

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About Amazon.com

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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