Newman Dignan & Sheerar Inc. Acquires 40 Shares of Amazon.com, Inc. (NASDAQ:AMZN)

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Newman Dignan & Sheerar Inc. boosted its holdings in Amazon.com, Inc. (NASDAQ:AMZN) by 5.8% in the fourth quarter, Holdings Channel reports. The firm owned 734 shares of the e-commerce giant’s stock after purchasing an additional 40 shares during the quarter. Newman Dignan & Sheerar Inc.’s holdings in Amazon.com were worth $1,356,000 as of its most recent SEC filing.

A number of other institutional investors have also added to or reduced their stakes in the stock. Macroview Investment Management LLC increased its stake in shares of Amazon.com by 166.7% during the 3rd quarter. Macroview Investment Management LLC now owns 16 shares of the e-commerce giant’s stock worth $28,000 after purchasing an additional 10 shares during the last quarter. NewSquare Capital LLC raised its holdings in shares of Amazon.com by 533.3% in the 4th quarter. NewSquare Capital LLC now owns 19 shares of the e-commerce giant’s stock valued at $35,000 after purchasing an additional 16 shares during the period. Phocas Financial Corp. bought a new stake in shares of Amazon.com in the 2nd quarter valued at about $45,000. Pflug Koory LLC lifted its stake in Amazon.com by 30.8% in the 4th quarter. Pflug Koory LLC now owns 34 shares of the e-commerce giant’s stock valued at $63,000 after purchasing an additional 8 shares during the last quarter. Finally, Financial Advantage Inc. lifted its stake in Amazon.com by 26.7% in the 3rd quarter. Financial Advantage Inc. now owns 38 shares of the e-commerce giant’s stock valued at $65,000 after purchasing an additional 8 shares during the last quarter. 55.98% of the stock is owned by institutional investors and hedge funds.

AMZN has been the topic of a number of recent analyst reports. Credit Suisse Group reissued an “outperform” rating and set a $2,100.00 price target (down previously from $2,400.00) on shares of Amazon.com in a research report on Friday, October 25th. Piper Jaffray Companies decreased their target price on Amazon.com from $2,225.00 to $2,150.00 and set an “overweight” rating on the stock in a report on Friday, October 25th. Wells Fargo & Co boosted their target price on Amazon.com from $2,200.00 to $2,300.00 and gave the stock an “outperform” rating in a report on Friday, September 27th. Mizuho increased their price target on Amazon.com from $2,150.00 to $2,200.00 and gave the company a “buy” rating in a research note on Friday, October 25th. Finally, Jefferies Financial Group set a $2,300.00 price target on Amazon.com and gave the company a “buy” rating in a report on Tuesday, October 15th. One equities research analyst has rated the stock with a sell rating, four have issued a hold rating and forty-four have assigned a buy rating to the stock. The company currently has an average rating of “Buy” and a consensus price target of $2,171.64.

In other Amazon.com news, CEO Jeffrey A. Wilke sold 200 shares of the stock in a transaction dated Thursday, December 26th. The stock was sold at an average price of $1,865.34, for a total value of $373,068.00. Following the completion of the transaction, the chief executive officer now directly owns 10,000 shares in the company, valued at $18,653,400. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, VP Shelley Reynolds sold 379 shares of the stock in a transaction dated Friday, November 15th. The shares were sold at an average price of $1,750.66, for a total value of $663,500.14. Following the completion of the transaction, the vice president now owns 6,307 shares of the company’s stock, valued at $11,041,412.62. The disclosure for this sale can be found here. Insiders have sold a total of 10,196 shares of company stock worth $17,869,618 in the last 90 days. 16.10% of the stock is currently owned by corporate insiders.

Shares of Amazon.com stock opened at $1,862.02 on Thursday. The company’s 50 day moving average price is $1,818.23 and its two-hundred day moving average price is $1,817.94. The firm has a market capitalization of $926.86 billion, a P/E ratio of 92.45, a P/E/G ratio of 2.60 and a beta of 1.50. Amazon.com, Inc. has a fifty-two week low of $1,566.76 and a fifty-two week high of $2,035.80. The company has a debt-to-equity ratio of 0.40, a current ratio of 1.10 and a quick ratio of 0.84.

Amazon.com (NASDAQ:AMZN) last announced its quarterly earnings results on Thursday, October 24th. The e-commerce giant reported $4.23 EPS for the quarter, missing the Zacks’ consensus estimate 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 quarter in the previous year, the company posted $5.75 earnings per share. The firm’s revenue was up 23.7% on a year-over-year basis. On average, analysts expect that Amazon.com, Inc. will post 20.51 earnings per share for the current year.

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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Want to see what other hedge funds are holding AMZN? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Amazon.com, Inc. (NASDAQ:AMZN).

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

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