Dixon Mitchell Investment Counsel Inc. Acquires 15,717 Shares of Amazon.com, Inc. (NASDAQ:AMZN)

Dixon Mitchell Investment Counsel Inc. increased its stake in shares of Amazon.com, Inc. (NASDAQ:AMZN - Free Report) by 5.5% in the third quarter, according to its most recent Form 13F filing with the SEC. The fund owned 301,777 shares of the e-commerce giant's stock after buying an additional 15,717 shares during the period. Amazon.com comprises about 2.6% of Dixon Mitchell Investment Counsel Inc.'s holdings, making the stock its 14th biggest position. Dixon Mitchell Investment Counsel Inc.'s holdings in Amazon.com were worth $56,230,000 as of its most recent filing with the SEC.

A number of other large investors have also added to or reduced their stakes in AMZN. China Universal Asset Management Co. Ltd. boosted its position in Amazon.com by 31.6% during the first quarter. China Universal Asset Management Co. Ltd. now owns 182,359 shares of the e-commerce giant's stock worth $32,894,000 after purchasing an additional 43,759 shares during the period. Quent Capital LLC boosted its position in Amazon.com by 3.3% during the first quarter. Quent Capital LLC now owns 33,729 shares of the e-commerce giant's stock worth $6,084,000 after purchasing an additional 1,081 shares during the period. Pittenger & Anderson Inc. boosted its position in Amazon.com by 1.6% during the first quarter. Pittenger & Anderson Inc. now owns 201,991 shares of the e-commerce giant's stock worth $36,435,000 after purchasing an additional 3,094 shares during the period. Haverford Trust Co boosted its position in shares of Amazon.com by 2.4% in the first quarter. Haverford Trust Co now owns 66,778 shares of the e-commerce giant's stock valued at $12,045,000 after acquiring an additional 1,555 shares during the period. Finally, Graypoint LLC boosted its position in shares of Amazon.com by 9.4% in the first quarter. Graypoint LLC now owns 80,620 shares of the e-commerce giant's stock valued at $14,542,000 after acquiring an additional 6,929 shares during the period. Hedge funds and other institutional investors own 72.20% of the company's stock.

Amazon.com Price Performance

AMZN traded up $2.91 during trading on Tuesday, reaching $204.61. 30,921,727 shares of the company traded hands, compared to its average volume of 41,560,453. The company has a debt-to-equity ratio of 0.21, a quick ratio of 0.87 and a current ratio of 1.09. Amazon.com, Inc. has a 12-month low of $141.50 and a 12-month high of $215.90. The firm has a fifty day simple moving average of $192.19 and a 200 day simple moving average of $186.06. The company has a market cap of $2.15 trillion, a P/E ratio of 43.81, a PEG ratio of 1.36 and a beta of 1.14.

Amazon.com (NASDAQ:AMZN - Get Free Report) last announced its quarterly earnings data on Thursday, October 31st. The e-commerce giant reported $1.43 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $1.14 by $0.29. Amazon.com had a net margin of 8.04% and a return on equity of 22.41%. The business had revenue of $158.88 billion during the quarter, compared to analyst estimates of $157.28 billion. During the same period last year, the firm posted $0.85 EPS. The company's revenue was up 11.0% on a year-over-year basis. On average, equities analysts forecast that Amazon.com, Inc. will post 5.27 EPS for the current year.

Analyst Ratings Changes

A number of research firms have recently commented on AMZN. DA Davidson restated a "buy" rating and issued a $235.00 price objective on shares of Amazon.com in a research report on Thursday, October 10th. JPMorgan Chase & Co. raised their price objective on shares of Amazon.com from $230.00 to $250.00 and gave the company an "overweight" rating in a research report on Friday, November 1st. Pivotal Research began coverage on shares of Amazon.com in a research report on Friday, October 11th. They issued a "buy" rating and a $260.00 price objective for the company. Morgan Stanley raised their price objective on shares of Amazon.com from $210.00 to $230.00 and gave the company an "overweight" rating in a research report on Monday, November 4th. Finally, Monness Crespi & Hardt raised their price objective on shares of Amazon.com from $225.00 to $245.00 and gave the company a "buy" rating in a research report on Friday, November 1st. Two research analysts have rated the stock with a hold rating, forty have given a buy rating and one has assigned a strong buy rating to the company's stock. According to MarketBeat.com, Amazon.com has a consensus rating of "Moderate Buy" and an average target price of $235.45.

Insider Activity at Amazon.com

In related news, Director Jonathan Rubinstein sold 4,766 shares of the firm's stock in a transaction on Thursday, November 7th. The shares were sold at an average price of $209.85, for a total value of $1,000,145.10. Following the completion of the transaction, the director now directly owns 94,630 shares of the company's stock, valued at approximately $19,858,105.50. This trade represents a 4.79 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, insider Jeffrey P. Bezos sold 2,996,362 shares of the firm's stock in a transaction on Friday, November 8th. The shares were sold at an average price of $208.85, for a total transaction of $625,790,203.70. Following the completion of the transaction, the insider now directly owns 917,416,976 shares of the company's stock, valued at approximately $191,602,535,437.60. This trade represents a 0.33 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 6,054,586 shares of company stock valued at $1,256,749,526. 10.80% of the stock is owned by corporate insiders.

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.