Hedeker Wealth LLC increased its holdings in shares of Amazon.com, Inc. (NASDAQ:AMZN) by 1.1% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 2,813 shares of the e-commerce giant’s stock after purchasing an additional 30 shares during the period. Amazon.com makes up 3.0% of Hedeker Wealth LLC’s portfolio, making the stock its 5th biggest position. Hedeker Wealth LLC’s holdings in Amazon.com were worth $4,883,000 as of its most recent SEC filing.

Several other large investors have also added to or reduced their stakes in the company. Grisanti Capital Management LLC increased its position in shares of Amazon.com by 51.4% during the 3rd quarter. Grisanti Capital Management LLC now owns 3,218 shares of the e-commerce giant’s stock worth $5,586,000 after purchasing an additional 1,092 shares during the last quarter. TTP Investments Inc. lifted its position in shares of Amazon.com by 15.8% during the 3rd quarter. TTP Investments Inc. now owns 169 shares of the e-commerce giant’s stock worth $293,000 after buying an additional 23 shares during the last quarter. Alpine Woods Capital Investors LLC lifted its position in shares of Amazon.com by 2.5% during the 3rd quarter. Alpine Woods Capital Investors LLC now owns 867 shares of the e-commerce giant’s stock worth $1,505,000 after buying an additional 21 shares during the last quarter. Roanoke Asset Management Corp NY bought a new stake in shares of Amazon.com during the 3rd quarter worth $1,054,000. Finally, Beese Fulmer Investment Management Inc. lifted its position in shares of Amazon.com by 60.3% during the 3rd quarter. Beese Fulmer Investment Management Inc. now owns 1,141 shares of the e-commerce giant’s stock worth $1,981,000 after buying an additional 429 shares during the last quarter. Institutional investors and hedge funds own 55.60% of the company’s stock.

AMZN has been the subject of several recent analyst reports. SunTrust Banks upped their price objective on Amazon.com from $2,200.00 to $2,350.00 and gave the stock a “buy” rating in a research report on Friday, October 25th. Robert W. Baird set a $2,080.00 target price on Amazon.com and gave the company a “buy” rating in a research report on Friday, October 25th. Susquehanna Bancshares set a $2,200.00 target price on Amazon.com and gave the company a “buy” rating in a research report on Friday, October 25th. Oppenheimer dropped their target price on Amazon.com from $2,100.00 to $2,040.00 and set an “outperform” rating for the company in a research report on Friday, October 25th. Finally, ValuEngine raised Amazon.com from a “hold” rating to a “buy” rating in a research note on Wednesday, October 30th. One research analyst has rated the stock with a sell rating, two have given a hold rating and forty-two have assigned a buy rating to the company’s stock. The company has a consensus rating of “Buy” and a consensus target price of $2,189.97.

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

Amazon.com (NASDAQ:AMZN) last released its earnings results 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 business had revenue of $69.98 billion for the quarter, compared to analyst estimates 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% on a year-over-year basis. During the same period in the prior year, the business earned $5.75 EPS. On average, sell-side analysts anticipate that Amazon.com, Inc. will post 20.52 earnings per share for the current fiscal year.

In other Amazon.com news, SVP David Zapolsky sold 880 shares of the stock in a transaction that occurred on Thursday, August 15th. The stock was sold at an average price of $1,776.73, for a total value of $1,563,522.40. Following the transaction, the senior vice president now owns 3,749 shares in the company, valued at $6,660,960.77. The sale was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Also, CFO Brian T. Olsavsky sold 1,765 shares of the stock in a transaction that occurred on Thursday, August 15th. The stock was sold at an average price of $1,783.00, for a total value of $3,146,995.00. Following the completion of the transaction, the chief financial officer now owns 2,480 shares in the company, valued at approximately $4,421,840. The disclosure for this sale can be found here. In the last quarter, insiders sold 22,747 shares of company stock worth $40,737,808. Corporate 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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