V. M. Manning & CO. Inc. Invests $1.69 Million in Amazon.com, Inc. $AMZN

V. M. Manning & CO. Inc. bought a new position in Amazon.com, Inc. (NASDAQ:AMZN) during the third quarter, Holdings Channel.com reports. The institutional investor bought 7,404 shares of the e-commerce giant’s stock, valued at approximately $1,694,000. Amazon.com comprises about 1.5% of V. M. Manning & CO. Inc.’s holdings, making the stock its 14th biggest holding.

A number of other large investors have also recently modified their holdings of the business. Carderock Capital Management Inc. bought a new position in shares of Amazon.com in the 2nd quarter worth $27,000. Maryland Capital Advisors Inc. increased its stake in Amazon.com by 81.9% in the second quarter. Maryland Capital Advisors Inc. now owns 211 shares of the e-commerce giant’s stock valued at $46,000 after acquiring an additional 95 shares during the last quarter. Ryan Investment Management Inc. purchased a new stake in Amazon.com during the second quarter valued at about $48,000. Cooksen Wealth LLC lifted its stake in Amazon.com by 23.5% during the second quarter. Cooksen Wealth LLC now owns 247 shares of the e-commerce giant’s stock worth $54,000 after purchasing an additional 47 shares during the last quarter. Finally, Access Investment Management LLC bought a new position in shares of Amazon.com during the 2nd quarter valued at about $74,000. Institutional investors own 72.20% of the company’s stock.

Key Amazon.com News

Here are the key news stories impacting Amazon.com this week:

Amazon.com Price Performance

Shares of AMZN stock opened at $226.50 on Friday. Amazon.com, Inc. has a 1 year low of $161.38 and a 1 year high of $258.60. The company has a current ratio of 1.01, a quick ratio of 0.80 and a debt-to-equity ratio of 0.14. The firm’s 50 day moving average is $232.10 and its 200-day moving average is $226.68. The firm has a market capitalization of $2.42 trillion, a price-to-earnings ratio of 31.99, a PEG ratio of 1.45 and a beta of 1.37.

Amazon.com (NASDAQ:AMZNGet Free Report) last posted its quarterly earnings data on Thursday, October 30th. The e-commerce giant reported $1.95 earnings per share for the quarter, topping the consensus estimate of $1.57 by $0.38. The firm had revenue of $180.17 billion during the quarter, compared to analysts’ expectations of $177.53 billion. Amazon.com had a net margin of 11.06% and a return on equity of 23.62%. Amazon.com’s revenue was up 13.4% on a year-over-year basis. During the same quarter in the previous year, the company posted $1.43 EPS. Sell-side analysts forecast that Amazon.com, Inc. will post 6.31 EPS for the current fiscal year.

Insiders Place Their Bets

In other news, Director Daniel P. Huttenlocher sold 1,237 shares of the firm’s stock in a transaction dated Thursday, November 20th. The shares were sold at an average price of $226.61, for a total value of $280,316.57. Following the transaction, the director owned 26,148 shares of the company’s stock, valued at approximately $5,925,398.28. This trade represents a 4.52% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, CEO Matthew S. Garman sold 17,768 shares of Amazon.com stock in a transaction that occurred on Friday, November 21st. The stock was sold at an average price of $216.90, for a total transaction of $3,853,879.20. Following the sale, the chief executive officer owned 6,273 shares of the company’s stock, valued at approximately $1,360,613.70. This represents a 73.91% decrease in their position. The SEC filing for this sale provides additional information. Insiders have sold 79,734 shares of company stock valued at $18,534,017 over the last 90 days. Corporate insiders own 9.70% of the company’s stock.

Wall Street Analyst Weigh In

AMZN has been the subject of several research reports. Royal Bank Of Canada reaffirmed a “buy” rating and issued a $300.00 target price on shares of Amazon.com in a research note on Tuesday, December 2nd. The Goldman Sachs Group lifted their target price on shares of Amazon.com from $240.00 to $275.00 and gave the stock a “buy” rating in a research report on Friday, October 3rd. Telsey Advisory Group upped their price target on shares of Amazon.com from $265.00 to $300.00 and gave the company an “outperform” rating in a research report on Friday, October 31st. Evercore ISI lifted their price objective on Amazon.com from $280.00 to $335.00 and gave the stock an “outperform” rating in a report on Friday, October 31st. Finally, Wolfe Research increased their target price on Amazon.com from $265.00 to $270.00 in a report on Tuesday, September 30th. Two investment analysts have rated the stock with a Strong Buy rating, fifty-five have issued a Buy rating and three have assigned a Hold rating to the stock. According to MarketBeat.com, Amazon.com has a consensus rating of “Moderate Buy” and a consensus target price of $295.50.

Check Out Our Latest Analysis on AMZN

Amazon.com Company Profile

(Free Report)

Amazon.com, Inc is a diversified technology and retail company best known for its e-commerce marketplace and broad portfolio of consumer and enterprise services. Founded by Jeff Bezos in 1994 and headquartered in Seattle, Washington, the company launched as an online bookseller and expanded into a global retail platform that sells products directly to consumers and provides a marketplace for third-party sellers. Over time Amazon has grown beyond retail into areas including cloud computing, digital media, devices and logistics.

Key businesses and offerings include Amazon’s online marketplace and fulfillment services, the Amazon Prime membership program (which bundles expedited shipping with streaming and other benefits), Amazon Web Services (AWS) which supplies on-demand cloud computing and storage to businesses and public-sector customers, and a range of content and advertising services such as Prime Video and Amazon Advertising.

See Also

Want to see what other hedge funds are holding AMZN? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Amazon.com, Inc. (NASDAQ:AMZNFree Report).

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

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