Bourgeon Capital Management LLC purchased a new stake in Amazon.com, Inc. (NASDAQ:AMZN) during the third quarter, HoldingsChannel.com reports. The firm purchased 54 shares of the e-commerce giant’s stock, valued at approximately $94,000.

Other large investors have also recently added to or reduced their stakes in the company. Enterprise Trust & Investment Co bought a new stake in shares of Amazon.com during the second quarter worth approximately $27,000. Macroview Investment Management LLC raised its stake in shares of Amazon.com by 166.7% during the third quarter. Macroview Investment Management LLC now owns 16 shares of the e-commerce giant’s stock worth $28,000 after buying an additional 10 shares during the last quarter. Phocas Financial Corp. bought a new stake in shares of Amazon.com during the second quarter worth approximately $45,000. Litman Gregory Asset Management LLC bought a new stake in shares of Amazon.com during the second quarter worth approximately $53,000. Finally, Financial Advantage Inc. raised its stake in shares of Amazon.com by 26.7% during the third quarter. Financial Advantage Inc. now owns 38 shares of the e-commerce giant’s stock worth $65,000 after buying an additional 8 shares during the last quarter. Hedge funds and other institutional investors own 55.60% of the company’s stock.

Shares of AMZN opened at $1,785.88 on Friday. Amazon.com, Inc. has a 12 month low of $1,307.00 and a 12 month high of $2,035.80. The stock has a market capitalization of $893.28 billion, a price-to-earnings ratio of 88.67, a PEG ratio of 3.20 and a beta of 1.56. The firm has a fifty day simple moving average of $1,759.09 and a 200 day simple moving average of $1,840.01. 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 quarterly earnings results on Thursday, October 24th. The e-commerce giant reported $4.23 EPS for the quarter, missing analysts’ consensus estimates of $4.46 by ($0.23). Amazon.com had a return on equity of 22.52% and a net margin of 4.27%. The business had revenue of $69.98 billion for the quarter, compared to the consensus estimate of $68.72 billion. During the same period in the prior year, the business posted $5.75 earnings per share. Amazon.com’s revenue was up 23.7% compared to the same quarter last year. As a group, research analysts predict that Amazon.com, Inc. will post 20.52 earnings per share for the current fiscal year.

In related news, Director Judith A. Mcgrath sold 304 shares of the firm’s stock in a transaction dated Monday, October 28th. The shares were sold at an average price of $1,749.91, for a total transaction of $531,972.64. Following the transaction, the director now directly owns 2,324 shares of the company’s stock, valued at $4,066,790.84. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, CEO Jeffrey A. Wilke sold 2,800 shares of the firm’s stock in a transaction dated Thursday, September 12th. The stock was sold at an average price of $1,847.51, for a total transaction of $5,173,028.00. Following the transaction, the chief executive officer now directly owns 10,000 shares in the company, valued at $18,475,100. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 22,747 shares of company stock worth $40,737,808. 16.10% of the stock is owned by insiders.

AMZN has been the subject of a number of recent research reports. Mizuho boosted their price target on shares of Amazon.com from $2,150.00 to $2,200.00 and gave the stock a “buy” rating in a research note on Friday, October 25th. MKM Partners lowered their target price on shares of Amazon.com from $2,350.00 to $2,250.00 and set a “buy” rating for the company in a research note on Friday, October 25th. ValuEngine raised shares of Amazon.com from a “hold” rating to a “buy” rating in a research note on Wednesday, October 30th. Wedbush lowered their target price on shares of Amazon.com from $2,350.00 to $2,000.00 and set an “outperform” rating for the company in a research note on Friday, October 25th. Finally, Goldman Sachs Group reiterated a “buy” rating on shares of Amazon.com in a report on Friday, October 25th. 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 stock. The company has an average rating of “Buy” and an average price target of $2,189.97.

About Amazon.com

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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