Thompson Investment Management Inc. Purchases 10 Shares of Amazon.com, Inc. (NASDAQ:AMZN)

Thompson Investment Management Inc. raised its position in Amazon.com, Inc. (NASDAQ:AMZN) by 6.2% in the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 172 shares of the e-commerce giant’s stock after purchasing an additional 10 shares during the period. Thompson Investment Management Inc.’s holdings in Amazon.com were worth $299,000 at the end of the most recent reporting period.

A number of other large investors have also recently made changes to their positions in the business. Thoroughbred Financial Services LLC lifted its holdings in shares of Amazon.com by 191,406.0% during the 2nd quarter. Thoroughbred Financial Services LLC now owns 9,307,191 shares of the e-commerce giant’s stock worth $930,719,000 after acquiring an additional 9,302,331 shares during the last quarter. Nuveen Asset Management LLC boosted its stake in Amazon.com by 3,787.4% during the second quarter. Nuveen Asset Management LLC now owns 3,590,645 shares of the e-commerce giant’s stock worth $6,799,352,000 after acquiring an additional 3,498,279 shares in the last quarter. Viking Global Investors LP boosted its stake in Amazon.com by 157.6% during the second quarter. Viking Global Investors LP now owns 802,837 shares of the e-commerce giant’s stock worth $1,520,276,000 after acquiring an additional 491,118 shares in the last quarter. Investec Asset Management LTD boosted its stake in Amazon.com by 186.8% during the second quarter. Investec Asset Management LTD now owns 648,507 shares of the e-commerce giant’s stock worth $430,045,000 after acquiring an additional 422,352 shares in the last quarter. Finally, BlackRock Inc. boosted its stake in Amazon.com by 1.6% during the second quarter. BlackRock Inc. now owns 26,082,028 shares of the e-commerce giant’s stock worth $49,389,711,000 after acquiring an additional 415,448 shares in the last quarter. 55.60% of the stock is owned by hedge funds and other institutional investors.

AMZN has been the topic of several analyst reports. UBS Group reiterated a “buy” rating on shares of Amazon.com in a research note on Wednesday. Monness Crespi & Hardt set a $2,300.00 target price on shares of Amazon.com and gave the company a “buy” rating in a research note on Friday, October 18th. Oppenheimer cut their target price on shares of Amazon.com from $2,100.00 to $2,040.00 and set an “outperform” rating for the company in a research note on Friday, October 25th. KeyCorp reaffirmed an “overweight” rating and set a $2,200.00 target price (up from $2,100.00) on shares of Amazon.com in a research note on Monday, July 22nd. Finally, Macquarie set a $2,200.00 target price on shares of Amazon.com and gave the company a “buy” rating in a research note on Friday, October 25th. One equities research analyst has rated the stock with a sell rating, two have assigned a hold rating and forty-two have assigned a buy rating to the company. The stock currently has a consensus rating of “Buy” and a consensus target price of $2,189.97.

AMZN stock traded down $2.32 during trading on Friday, hitting $1,785.88. The company had a trading volume of 2,123,300 shares, compared to its average volume of 4,016,732. Amazon.com, Inc. has a 52-week low of $1,307.00 and a 52-week high of $2,035.80. The firm has a market capitalization of $893.28 billion, a P/E ratio of 88.67, a PEG ratio of 3.20 and a beta of 1.56. The company has a 50 day simple moving average of $1,759.09 and a 200-day simple moving average of $1,840.01. The company has a quick ratio of 0.84, a current ratio of 1.10 and a debt-to-equity ratio of 0.40.

Amazon.com (NASDAQ:AMZN) last issued its 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 net margin of 4.27% and a return on equity of 22.52%. The firm had revenue of $69.98 billion during the quarter, compared to the consensus estimate of $68.72 billion. During the same period in the previous year, the firm earned $5.75 earnings per share. The business’s quarterly revenue was up 23.7% on a year-over-year basis. Sell-side analysts forecast that Amazon.com, Inc. will post 20.52 earnings per share for the current year.

In other Amazon.com news, CEO Jeffrey A. Wilke sold 2,800 shares of Amazon.com 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 completion of the transaction, the chief executive officer now owns 10,000 shares in the company, valued at approximately $18,475,100. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, CEO Jeffrey A. Wilke sold 3,475 shares of Amazon.com stock in a transaction dated Thursday, August 15th. The shares were sold at an average price of $1,773.99, for a total value of $6,164,615.25. Following the transaction, the chief executive officer now owns 10,000 shares of the company’s stock, valued at approximately $17,739,900. The disclosure for this sale can be found here. Insiders sold a total of 22,747 shares of company stock valued at $40,737,808 over the last ninety days. 16.10% of the stock is currently owned by corporate insiders.

Amazon.com Profile

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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