Hendley & Co. Inc. Raises Stock Holdings in Amazon.com, Inc. (NASDAQ:AMZN)

Hendley & Co. Inc. boosted its position in shares of Amazon.com, Inc. (NASDAQ:AMZN) by 78.2% in the first quarter, HoldingsChannel.com reports. The fund owned 35,275 shares of the e-commerce giant’s stock after acquiring an additional 15,482 shares during the quarter. Amazon.com comprises about 2.3% of Hendley & Co. Inc.’s portfolio, making the stock its 15th largest holding. Hendley & Co. Inc.’s holdings in Amazon.com were worth $6,711,000 as of its most recent SEC filing.

Several other large investors have also added to or reduced their stakes in the company. Chilton Capital Management LLC lifted its stake in Amazon.com by 3.6% during the 1st quarter. Chilton Capital Management LLC now owns 439,857 shares of the e-commerce giant’s stock valued at $83,687,000 after acquiring an additional 15,291 shares during the period. Financiere des Professionnels Fonds d investissement inc. raised its holdings in shares of Amazon.com by 23.5% during the first quarter. Financiere des Professionnels Fonds d investissement inc. now owns 6,901 shares of the e-commerce giant’s stock worth $1,313,000 after purchasing an additional 1,314 shares during the last quarter. Cloud Capital Management LLC acquired a new position in Amazon.com during the first quarter valued at $2,541,000. Forte Asset Management LLC lifted its position in Amazon.com by 55.5% during the first quarter. Forte Asset Management LLC now owns 4,688 shares of the e-commerce giant’s stock valued at $892,000 after purchasing an additional 1,673 shares during the period. Finally, Argentarii LLC boosted its holdings in Amazon.com by 3.1% in the first quarter. Argentarii LLC now owns 33,982 shares of the e-commerce giant’s stock valued at $6,465,000 after purchasing an additional 1,033 shares during the last quarter. Hedge funds and other institutional investors own 72.20% of the company’s stock.

Insider Activity

In other news, insider Jeffrey P. Bezos sold 2,643,142 shares of Amazon.com stock in a transaction on Thursday, July 24th. The stock was sold at an average price of $230.43, for a total transaction of $609,059,211.06. Following the transaction, the insider owned 883,779,901 shares in the company, valued at $203,649,402,587.43. The trade was a 0.30% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Over the last three months, insiders sold 25,099,537 shares of company stock valued at $5,674,394,548. 9.70% of the stock is owned by company insiders.

Analysts Set New Price Targets

A number of research firms have weighed in on AMZN. Pivotal Research lifted their price objective on Amazon.com from $260.00 to $285.00 and gave the company a “buy” rating in a research note on Friday. Oppenheimer reduced their price target on Amazon.com from $250.00 to $245.00 and set an “outperform” rating for the company in a research report on Friday. Wall Street Zen raised Amazon.com from a “hold” rating to a “buy” rating in a report on Saturday. Evercore ISI dropped their price objective on shares of Amazon.com from $270.00 to $260.00 and set an “outperform” rating on the stock in a research note on Friday, May 2nd. Finally, Raymond James Financial reaffirmed an “outperform” rating and set a $195.00 target price (down from $275.00) on shares of Amazon.com in a report on Monday, April 21st. Two equities research analysts have rated the stock with a hold rating, forty-seven have issued a buy rating and two have assigned a strong buy rating to the stock. Based on data from MarketBeat.com, Amazon.com currently has an average rating of “Buy” and a consensus price target of $260.85.

Amazon.com Stock Down 8.3%

AMZN stock opened at $214.75 on Friday. The company has a current ratio of 1.05, a quick ratio of 0.84 and a debt-to-equity ratio of 0.17. The firm has a 50-day moving average of $218.20 and a two-hundred day moving average of $209.21. Amazon.com, Inc. has a 12 month low of $151.61 and a 12 month high of $242.52. The company has a market cap of $2.28 trillion, a price-to-earnings ratio of 32.74, a PEG ratio of 1.74 and a beta of 1.31.

Amazon.com (NASDAQ:AMZN) last posted its quarterly earnings results on Thursday, July 31st. The e-commerce giant reported $1.68 EPS for the quarter, beating the consensus estimate of $1.31 by $0.37. Amazon.com had a return on equity of 24.90% and a net margin of 10.54%. The firm had revenue of $167.70 billion during the quarter, compared to analysts’ expectations of $161.80 billion. During the same quarter last year, the firm earned $1.26 earnings per share. The business’s revenue for the quarter was up 13.3% on a year-over-year basis. As a group, analysts forecast that Amazon.com, Inc. will post 6.31 earnings per share for the current fiscal 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.