Sustainable Insight Capital Management LLC Raises Stake in Amazon.com, Inc. (NASDAQ:AMZN)

Sustainable Insight Capital Management LLC boosted its position in Amazon.com, Inc. (NASDAQ:AMZN - Free Report) by 25.7% in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 32,751 shares of the e-commerce giant's stock after buying an additional 6,700 shares during the quarter. Amazon.com makes up approximately 2.8% of Sustainable Insight Capital Management LLC's portfolio, making the stock its 9th biggest position. Sustainable Insight Capital Management LLC's holdings in Amazon.com were worth $6,102,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also bought and sold shares of the business. Norman Fields Gottscho Capital Management LLC lifted its holdings in Amazon.com by 2.1% in the second quarter. Norman Fields Gottscho Capital Management LLC now owns 43,124 shares of the e-commerce giant's stock worth $8,616,000 after buying an additional 898 shares during the period. Guinness Asset Management LTD raised its position in shares of Amazon.com by 3.8% in the 2nd quarter. Guinness Asset Management LTD now owns 177,812 shares of the e-commerce giant's stock worth $34,377,000 after acquiring an additional 6,520 shares in the last quarter. Warther Private Wealth LLC lifted its stake in shares of Amazon.com by 284.5% in the 2nd quarter. Warther Private Wealth LLC now owns 44,020 shares of the e-commerce giant's stock valued at $8,507,000 after purchasing an additional 32,570 shares during the period. Salem Investment Counselors Inc. boosted its position in shares of Amazon.com by 2.2% during the second quarter. Salem Investment Counselors Inc. now owns 484,659 shares of the e-commerce giant's stock valued at $93,660,000 after purchasing an additional 10,606 shares in the last quarter. Finally, CX Institutional grew its stake in Amazon.com by 1.4% in the second quarter. CX Institutional now owns 96,056 shares of the e-commerce giant's stock worth $18,563,000 after purchasing an additional 1,290 shares during the period. 72.20% of the stock is currently owned by institutional investors.

Insiders Place Their Bets

In related news, Director Daniel P. Huttenlocher sold 1,237 shares of the firm's stock in a transaction dated Tuesday, November 19th. The shares were sold at an average price of $199.06, for a total value of $246,237.22. Following the transaction, the director now owns 24,912 shares of the company's stock, valued at $4,958,982.72. This trade represents a 4.73 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, SVP David Zapolsky sold 2,190 shares of the company's stock in a transaction dated Tuesday, September 24th. The stock was sold at an average price of $195.00, for a total transaction of $427,050.00. Following the completion of the transaction, the senior vice president now owns 62,420 shares in the company, valued at $12,171,900. This represents a 3.39 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 6,034,534 shares of company stock valued at $1,253,883,872 over the last 90 days. Insiders own 10.80% of the company's stock.

Wall Street Analyst Weigh In

AMZN has been the topic of a number of research reports. Wedbush boosted their target price on shares of Amazon.com from $225.00 to $250.00 and gave the company an "outperform" rating in a report on Friday, November 1st. The Goldman Sachs Group lifted their price target on shares of Amazon.com from $230.00 to $240.00 and gave the company a "buy" rating in a research report on Friday, November 1st. Morgan Stanley upped their price objective on shares of Amazon.com from $210.00 to $230.00 and gave the stock an "overweight" rating in a report on Monday, November 4th. Jefferies Financial Group lifted their target price on shares of Amazon.com from $235.00 to $275.00 and gave the company a "buy" rating in a report on Monday. Finally, Pivotal Research started coverage on Amazon.com in a research report on Friday, October 11th. They issued a "buy" rating and a $260.00 price target on the stock. Two investment analysts have rated the stock with a hold rating, forty-one have given a buy rating and one has given a strong buy rating to the company's stock. According to data from MarketBeat, Amazon.com presently has an average rating of "Moderate Buy" and a consensus target price of $243.00.

Amazon.com Trading Up 0.7 %

NASDAQ:AMZN traded up $1.63 during midday trading on Friday, hitting $224.92. 87,060,734 shares of the company traded hands, compared to its average volume of 41,415,395. The firm has a market capitalization of $2.37 trillion, a P/E ratio of 48.16, a P/E/G ratio of 1.54 and a beta of 1.16. The firm's fifty day moving average is $205.83 and its 200-day moving average is $191.30. Amazon.com, Inc. has a 12-month low of $144.05 and a 12-month high of $233.00. The company has a current ratio of 1.09, a quick ratio of 0.87 and a debt-to-equity ratio of 0.21.

Amazon.com (NASDAQ:AMZN - Get Free Report) last announced its earnings results on Thursday, October 31st. The e-commerce giant reported $1.43 earnings per share for the quarter, beating the consensus estimate of $1.14 by $0.29. The business had revenue of $158.88 billion for the quarter, compared to the consensus estimate of $157.28 billion. Amazon.com had a net margin of 8.04% and a return on equity of 22.41%. The business's revenue for the quarter was up 11.0% on a year-over-year basis. During the same quarter in the prior year, the firm posted $0.85 earnings per share. On average, sell-side analysts predict that Amazon.com, Inc. will post 5.29 EPS for the current year.

Amazon.com Profile

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.