Pekin Singer Strauss Asset Management IL Has $2 Million Holdings in Amazon.com, Inc. (AMZN)

Pekin Singer Strauss Asset Management IL raised its holdings in shares of Amazon.com, Inc. (NASDAQ:AMZN) by 10.1% in the 3rd quarter, HoldingsChannel.com reports. The institutional investor owned 2,075 shares of the e-commerce giant’s stock after acquiring an additional 190 shares during the period. Pekin Singer Strauss Asset Management IL’s holdings in Amazon.com were worth $1,995,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also bought and sold shares of the business. Leavell Investment Management Inc. boosted its position in Amazon.com by 0.3% during the second quarter. Leavell Investment Management Inc. now owns 394 shares of the e-commerce giant’s stock valued at $381,000 after buying an additional 1 shares during the period. Probity Advisors Inc. raised its stake in shares of Amazon.com by 0.6% during the second quarter. Probity Advisors Inc. now owns 320 shares of the e-commerce giant’s stock valued at $310,000 after acquiring an additional 2 shares during the last quarter. Venturi Wealth Management LLC raised its stake in shares of Amazon.com by 0.3% during the second quarter. Venturi Wealth Management LLC now owns 632 shares of the e-commerce giant’s stock valued at $612,000 after acquiring an additional 2 shares during the last quarter. Regis Management CO LLC raised its stake in shares of Amazon.com by 0.9% during the second quarter. Regis Management CO LLC now owns 231 shares of the e-commerce giant’s stock valued at $224,000 after acquiring an additional 2 shares during the last quarter. Finally, Hall Capital Management Co. Inc. raised its stake in shares of Amazon.com by 0.8% during the second quarter. Hall Capital Management Co. Inc. now owns 403 shares of the e-commerce giant’s stock valued at $390,000 after acquiring an additional 3 shares during the last quarter. Institutional investors and hedge funds own 59.82% of the company’s stock.

In other Amazon.com news, Chief Executive Officer of Worldwide Consumer Jeffrey A. Wilke sold 2,800 shares of the firm’s stock in a transaction that occurred on Friday, December 8th. The shares were sold at an average price of $1,160.34, for a total transaction of $3,248,952.00. Following the completion of the transaction, the insider now owns 10,000 shares of the company’s stock, valued at $11,603,400. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, CEO Jeffrey P. Bezos sold 391,110 shares of the firm’s stock in a transaction that occurred on Wednesday, November 1st. The shares were sold at an average price of $1,103.53, for a total transaction of $431,601,618.30. Following the transaction, the chief executive officer now directly owns 79,891,433 shares of the company’s stock, valued at approximately $88,162,593,058.49. The disclosure for this sale can be found here. Insiders have sold 402,338 shares of company stock valued at $444,391,701 in the last ninety days. Insiders own 17.70% of the company’s stock.

Amazon.com, Inc. (NASDAQ AMZN) opened at $1,294.58 on Friday. Amazon.com, Inc. has a one year low of $803.00 and a one year high of $1,339.94. The firm has a market cap of $624,430.00, a P/E ratio of 326.91, a price-to-earnings-growth ratio of 7.62 and a beta of 1.46. 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 announced its earnings results on Thursday, October 26th. The e-commerce giant reported $0.52 earnings per share for the quarter, missing the Zacks’ consensus estimate of $1.09 by ($0.57). Amazon.com had a net margin of 1.20% and a return on equity of 8.67%. The business had revenue of $43.74 billion for the quarter, compared to the consensus estimate of $42.26 billion. During the same period in the prior year, the business posted $0.52 EPS. Amazon.com’s revenue for the quarter was up 33.7% on a year-over-year basis. equities research analysts expect that Amazon.com, Inc. will post 4.24 EPS for the current fiscal year.

Several brokerages have recently commented on AMZN. Cantor Fitzgerald reaffirmed a “buy” rating and set a $1,150.00 price objective on shares of Amazon.com in a research note on Tuesday, October 24th. They noted that the move was a valuation call. Bank of America reaffirmed a “buy” rating and set a $1,460.00 price objective (up from $1,220.00) on shares of Amazon.com in a research note on Tuesday. They noted that the move was a valuation call. Vetr downgraded shares of Amazon.com from a “strong-buy” rating to a “buy” rating and set a $1,079.96 price objective for the company. in a research note on Monday, October 23rd. Canaccord Genuity reaffirmed a “buy” rating and set a $1,250.00 price objective (up from $1,200.00) on shares of Amazon.com in a research note on Friday, October 27th. Finally, Jefferies Group reaffirmed a “buy” rating and set a $1,350.00 price objective on shares of Amazon.com in a research note on Friday, October 27th. Four analysts have rated the stock with a hold rating, fifty have assigned a buy rating and one has assigned a strong buy rating to the company. The company currently has a consensus rating of “Buy” and an average target price of $1,278.33.

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About Amazon.com

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.

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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