Donaldson Capital Management LLC Has $11.38 Million Position in Amazon.com, Inc. (NASDAQ:AMZN)

Donaldson Capital Management LLC boosted its holdings in shares of Amazon.com, Inc. (NASDAQ:AMZN) by 3.3% during the 1st quarter, HoldingsChannel.com reports. The institutional investor owned 63,095 shares of the e-commerce giant’s stock after acquiring an additional 2,023 shares during the period. Donaldson Capital Management LLC’s holdings in Amazon.com were worth $11,381,000 as of its most recent SEC filing.

Other institutional investors have also recently bought and sold shares of the company. Register Financial Advisors LLC grew its stake in shares of Amazon.com by 14.3% in the 3rd quarter. Register Financial Advisors LLC now owns 5,263 shares of the e-commerce giant’s stock worth $669,000 after acquiring an additional 657 shares in the last quarter. Wedge Capital Management L L P NC grew its stake in shares of Amazon.com by 1.0% in the 3rd quarter. Wedge Capital Management L L P NC now owns 14,613 shares of the e-commerce giant’s stock worth $1,858,000 after acquiring an additional 148 shares in the last quarter. Cherrydale Wealth Management LLC grew its position in Amazon.com by 14.7% during the fourth quarter. Cherrydale Wealth Management LLC now owns 5,260 shares of the e-commerce giant’s stock valued at $799,000 after buying an additional 675 shares during the period. Tompkins Financial Corp grew its position in Amazon.com by 3.3% during the fourth quarter. Tompkins Financial Corp now owns 71,576 shares of the e-commerce giant’s stock valued at $10,875,000 after buying an additional 2,273 shares during the period. Finally, Nicholas Company Inc. grew its position in Amazon.com by 3.9% during the third quarter. Nicholas Company Inc. now owns 705,065 shares of the e-commerce giant’s stock valued at $89,628,000 after buying an additional 26,465 shares during the period. Institutional investors and hedge funds own 72.20% of the company’s stock.

Insider Buying and Selling

In related news, CEO Adam Selipsky sold 500 shares of the business’s stock in a transaction that occurred on Thursday, February 1st. The stock was sold at an average price of $155.72, for a total transaction of $77,860.00. Following the completion of the sale, the chief executive officer now directly owns 116,560 shares in the company, valued at $18,150,723.20. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. In other Amazon.com news, CEO Douglas J. Herrington sold 20,200 shares of the company’s stock in a transaction on Wednesday, February 7th. The stock was sold at an average price of $169.99, for a total value of $3,433,798.00. Following the completion of the sale, the chief executive officer now directly owns 514,131 shares in the company, valued at approximately $87,397,128.69. The sale was disclosed in a document filed with the SEC, which can be accessed through this link. Also, CEO Adam Selipsky sold 500 shares of the company’s stock in a transaction on Thursday, February 1st. The shares were sold at an average price of $155.72, for a total value of $77,860.00. Following the completion of the sale, the chief executive officer now owns 116,560 shares of the company’s stock, valued at $18,150,723.20. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 32,214,010 shares of company stock worth $5,505,889,146. 10.30% of the stock is owned by corporate insiders.

Wall Street Analyst Weigh In

Several equities analysts recently weighed in on the stock. UBS Group increased their price target on shares of Amazon.com from $198.00 to $215.00 and gave the company a “buy” rating in a research report on Thursday. BMO Capital Markets increased their price target on shares of Amazon.com from $205.00 to $215.00 and gave the company an “outperform” rating in a research report on Tuesday, April 23rd. Needham & Company LLC restated a “buy” rating and set a $205.00 price target on shares of Amazon.com in a research report on Thursday, April 18th. Monness Crespi & Hardt increased their price target on shares of Amazon.com from $170.00 to $215.00 and gave the company a “buy” rating in a research report on Friday, February 2nd. Finally, JMP Securities reaffirmed a “market outperform” rating and set a $225.00 price objective on shares of Amazon.com in a report on Wednesday. One research analyst has rated the stock with a hold rating, forty-four have given a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat.com, the stock currently has a consensus rating of “Buy” and an average price target of $205.13.

Amazon.com Price Performance

Shares of AMZN stock traded up $5.95 during trading hours on Friday, hitting $179.62. 43,846,973 shares of the company’s stock were exchanged, compared to its average volume of 36,227,088. The company has a quick ratio of 0.84, a current ratio of 1.05 and a debt-to-equity ratio of 0.29. The firm has a market cap of $1.87 trillion, a P/E ratio of 61.94, a P/E/G ratio of 1.55 and a beta of 1.16. The firm has a 50 day moving average of $177.99 and a two-hundred day moving average of $158.98. Amazon.com, Inc. has a fifty-two week low of $101.15 and a fifty-two week high of $189.77.

Amazon.com (NASDAQ:AMZN) last announced its earnings results on Thursday, February 1st. The e-commerce giant reported $1.00 earnings per share for the quarter, topping the consensus estimate of $0.81 by $0.19. The business had revenue of $169.96 billion during the quarter, compared to the consensus estimate of $165.96 billion. Amazon.com had a return on equity of 16.61% and a net margin of 5.29%. The business’s quarterly revenue was up 13.9% on a year-over-year basis. During the same period in the prior year, the company posted $0.21 EPS. Sell-side analysts forecast that Amazon.com, Inc. will post 4.11 EPS for the current year.

Amazon.com Company 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.