HM Payson & Co. Has $25.72 Million Stake in Amazon.com, Inc. (AMZN)

HM Payson & Co. increased its stake in shares of Amazon.com, Inc. (NASDAQ:AMZN) by 19.9% during the 2nd quarter, according to the company in its most recent filing with the SEC. The fund owned 26,568 shares of the e-commerce giant’s stock after purchasing an additional 4,415 shares during the quarter. HM Payson & Co.’s holdings in Amazon.com were worth $25,718,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. BB&T Securities LLC grew its position in Amazon.com by 31.0% in the 2nd quarter. BB&T Securities LLC now owns 14,848 shares of the e-commerce giant’s stock valued at $14,373,000 after acquiring an additional 3,510 shares during the last quarter. Northeast Investment Management grew its position in Amazon.com by 3.0% in the 2nd quarter. Northeast Investment Management now owns 35,635 shares of the e-commerce giant’s stock valued at $34,495,000 after acquiring an additional 1,050 shares during the last quarter. ARS Investment Partners LLC grew its position in Amazon.com by 0.3% in the 2nd quarter. ARS Investment Partners LLC now owns 20,590 shares of the e-commerce giant’s stock valued at $19,931,000 after acquiring an additional 58 shares during the last quarter. First Eagle Investment Management LLC grew its position in Amazon.com by 10.9% in the 2nd quarter. First Eagle Investment Management LLC now owns 1,017 shares of the e-commerce giant’s stock valued at $984,000 after acquiring an additional 100 shares during the last quarter. Finally, Security National Trust Co. grew its position in Amazon.com by 2.1% in the 2nd quarter. Security National Trust Co. now owns 3,091 shares of the e-commerce giant’s stock valued at $2,992,000 after acquiring an additional 65 shares during the last quarter. 60.62% of the stock is currently owned by hedge funds and other institutional investors.

Amazon.com, Inc. (AMZN) opened at $1,125.35 on Friday. Amazon.com, Inc. has a one year low of $710.10 and a one year high of $1,135.54. The company has a market capitalization of $544,096.38, a price-to-earnings ratio of 286.58, a P/E/G ratio of 14.08 and a beta of 1.45. The company has a current ratio of 1.03, a quick ratio of 0.74 and a debt-to-equity ratio of 1.00.

Amazon.com (NASDAQ:AMZN) last released its earnings results on Thursday, October 26th. The e-commerce giant reported $0.52 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $1.09 by ($0.57). The company had revenue of $43.74 billion for the quarter, compared to analyst estimates of $42.26 billion. Amazon.com had a return on equity of 8.67% and a net margin of 1.20%. The company’s revenue for the quarter was up 33.7% compared to the same quarter last year. During the same period in the previous year, the firm earned $0.52 earnings per share. analysts anticipate that Amazon.com, Inc. will post 4.26 earnings per share for the current fiscal year.

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Several brokerages have commented on AMZN. Cantor Fitzgerald reaffirmed a “buy” rating and issued a $1,150.00 price objective on shares of Amazon.com in a research report on Tuesday, October 24th. They noted that the move was a valuation call. Vetr downgraded Amazon.com from a “strong-buy” rating to a “buy” rating and set a $1,079.96 price objective on the stock. in a research report on Monday, October 23rd. Canaccord Genuity reaffirmed a “buy” rating and issued a $1,250.00 price objective (up previously from $1,200.00) on shares of Amazon.com in a research report on Friday, October 27th. SunTrust Banks, Inc. began coverage on Amazon.com in a research report on Tuesday, August 15th. They issued a “buy” rating and a $1,220.00 price objective on the stock. Finally, JMP Securities reaffirmed an “outperform” rating and issued a $1,125.00 price objective on shares of Amazon.com in a research report on Friday, August 25th. Five research analysts have rated the stock with a hold rating and forty-nine have given a buy rating to the company’s stock. The stock currently has an average rating of “Buy” and an average price target of $1,142.08.

In other news, VP Shelley Reynolds sold 544 shares of the company’s stock in a transaction dated Tuesday, August 15th. The stock was sold at an average price of $986.52, for a total transaction of $536,666.88. Following the completion of the transaction, the vice president now directly owns 6,533 shares of the company’s stock, valued at approximately $6,444,935.16. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, CEO Andrew R. Jassy sold 1,985 shares of the company’s stock in a transaction dated Tuesday, August 15th. The stock was sold at an average price of $986.12, for a total value of $1,957,448.20. Following the transaction, the chief executive officer now directly owns 81,479 shares of the company’s stock, valued at $80,348,071.48. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 401,343 shares of company stock valued at $441,838,533. Insiders own 17.70% of the company’s stock.

Amazon.com Company Profile

Amazon.com, Inc offers a range of products and services through its Websites. The Company operates through three segments: North America, International and Amazon Web Services (AWS). The Company’s products include merchandise and content that it purchases for resale from vendors and those offered by third-party sellers.

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Institutional Ownership by Quarter for Amazon.com (NASDAQ:AMZN)

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