Beese Fulmer Investment Management Inc. Acquires 429 Shares of Amazon.com, Inc. (NASDAQ:AMZN)

Beese Fulmer Investment Management Inc. grew its holdings in shares of Amazon.com, Inc. (NASDAQ:AMZN) by 60.3% in the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 1,141 shares of the e-commerce giant’s stock after acquiring an additional 429 shares during the quarter. Beese Fulmer Investment Management Inc.’s holdings in Amazon.com were worth $1,981,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also recently made changes to their positions in AMZN. Pachira Investments Inc. boosted its stake in Amazon.com by 4.3% during the second quarter. Pachira Investments Inc. now owns 120 shares of the e-commerce giant’s stock valued at $227,000 after buying an additional 5 shares during the last quarter. West Oak Capital LLC boosted its stake in Amazon.com by 0.3% during the second quarter. West Oak Capital LLC now owns 1,455 shares of the e-commerce giant’s stock valued at $2,755,000 after buying an additional 5 shares during the last quarter. Dorsey Wright & Associates boosted its stake in Amazon.com by 0.4% during the second quarter. Dorsey Wright & Associates now owns 1,476 shares of the e-commerce giant’s stock valued at $2,795,000 after buying an additional 6 shares during the last quarter. RDA Financial Network boosted its stake in Amazon.com by 0.8% during the second quarter. RDA Financial Network now owns 806 shares of the e-commerce giant’s stock valued at $1,574,000 after buying an additional 6 shares during the last quarter. Finally, Altman Advisors Inc. boosted its stake in Amazon.com by 0.3% during the second quarter. Altman Advisors Inc. now owns 1,962 shares of the e-commerce giant’s stock valued at $3,715,000 after buying an additional 6 shares during the last quarter. 55.60% of the stock is currently owned by institutional investors.

AMZN traded down $7.44 during trading on Friday, hitting $1,780.76. 134,155 shares of the stock were exchanged, compared to its average volume of 3,108,799. The firm has a 50 day simple moving average of $1,759.99 and a 200 day simple moving average of $1,840.43. The firm has a market cap of $893.28 billion, a price-to-earnings ratio of 88.48, a P/E/G ratio of 3.20 and a beta of 1.56. Amazon.com, Inc. has a 1 year low of $1,307.00 and a 1 year high of $2,035.80. The company has a debt-to-equity ratio of 0.40, a quick ratio of 0.84 and a current ratio of 1.10.

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

A number of brokerages recently commented on AMZN. Raymond James dropped their price target on Amazon.com from $2,080.00 to $2,020.00 and set an “outperform” rating for the company in a research note on Friday, October 25th. SunTrust Banks increased their price target on Amazon.com from $2,200.00 to $2,350.00 and gave the company a “buy” rating in a research note on Friday, October 25th. Cowen set a $2,400.00 price target on Amazon.com and gave the company a “buy” rating in a research note on Friday, October 25th. KeyCorp reissued an “overweight” rating and set a $2,200.00 price target (up from $2,100.00) on shares of Amazon.com in a research note on Monday, July 22nd. Finally, BidaskClub downgraded Amazon.com from a “sell” rating to a “strong sell” rating in a research report on Thursday, September 19th. One investment analyst has rated the stock with a sell rating, two have assigned a hold rating and forty-two have given a buy rating to the stock. The stock has an average rating of “Buy” and a consensus target price of $2,189.97.

In other Amazon.com news, CEO Jeffrey A. Wilke sold 3,475 shares of the stock in a transaction on Thursday, August 15th. The stock was sold at an average price of $1,773.99, for a total transaction of $6,164,615.25. Following the sale, 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 can be accessed through this hyperlink. Also, SVP David Zapolsky sold 880 shares of the stock in a transaction on Thursday, August 15th. The shares were sold at an average price of $1,776.73, for a total value of $1,563,522.40. Following the sale, the senior vice president now directly owns 3,749 shares in the company, valued at approximately $6,660,960.77. The disclosure for this sale can be found here. Insiders have sold a total of 22,747 shares of company stock worth $40,737,808 in the last ninety days. Insiders own 16.10% of the company’s stock.

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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