Manchester Financial Inc. Boosts Holdings in Amazon.com, Inc. (NASDAQ:AMZN)

Manchester Financial Inc. increased its holdings in Amazon.com, Inc. (NASDAQ:AMZN) by 17.6% during the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 11,195 shares of the e-commerce giant’s stock after buying an additional 1,676 shares during the quarter. Amazon.com accounts for about 0.5% of Manchester Financial Inc.’s investment portfolio, making the stock its 25th largest position. Manchester Financial Inc.’s holdings in Amazon.com were worth $2,163,000 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently made changes to their positions in the company. International Assets Investment Management LLC raised its position in shares of Amazon.com by 6.2% during the fourth quarter. International Assets Investment Management LLC now owns 157,070 shares of the e-commerce giant’s stock valued at $23,865,000 after buying an additional 9,108 shares during the last quarter. Root Financial Partners LLC raised its position in shares of Amazon.com by 74.8% during the fourth quarter. Root Financial Partners LLC now owns 4,626 shares of the e-commerce giant’s stock valued at $703,000 after buying an additional 1,980 shares during the last quarter. Carnegie Capital Asset Management LLC raised its position in shares of Amazon.com by 0.7% during the fourth quarter. Carnegie Capital Asset Management LLC now owns 422,633 shares of the e-commerce giant’s stock valued at $64,215,000 after buying an additional 3,114 shares during the last quarter. Howard Capital Management Inc. raised its position in shares of Amazon.com by 3.9% during the fourth quarter. Howard Capital Management Inc. now owns 31,129 shares of the e-commerce giant’s stock valued at $4,730,000 after buying an additional 1,171 shares during the last quarter. Finally, Beverly Hills Private Wealth LLC raised its position in shares of Amazon.com by 5.8% during the fourth quarter. Beverly Hills Private Wealth LLC now owns 37,762 shares of the e-commerce giant’s stock valued at $5,738,000 after buying an additional 2,062 shares during the last quarter. Hedge funds and other institutional investors own 72.20% of the company’s stock.

Insiders Place Their Bets

In other Amazon.com news, insider Jeffrey P. Bezos sold 3,085,116 shares of the company’s stock in a transaction that occurred on Friday, July 5th. The stock was sold at an average price of $200.07, for a total value of $617,239,158.12. Following the sale, the insider now owns 931,925,277 shares in the company, valued at approximately $186,450,290,169.39. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website. In other news, CEO Douglas J. Herrington sold 3,500 shares of the stock in a transaction that occurred on Monday, June 3rd. The stock was sold at an average price of $177.29, for a total transaction of $620,515.00. Following the transaction, the chief executive officer now owns 523,253 shares in the company, valued at approximately $92,767,524.37. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Also, insider Jeffrey P. Bezos sold 3,085,116 shares of the stock in a transaction that occurred on Friday, July 5th. The shares were sold at an average price of $200.07, for a total value of $617,239,158.12. Following the transaction, the insider now owns 931,925,277 shares in the company, valued at approximately $186,450,290,169.39. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 6,107,817 shares of company stock worth $1,221,241,837. Corporate insiders own 10.80% of the company’s stock.

Analyst Upgrades and Downgrades

Several research firms have recently issued reports on AMZN. Itau BBA Securities cut shares of Amazon.com from an “outperform” rating to a “market perform” rating and set a $186.00 price objective on the stock. in a research report on Friday, August 2nd. Needham & Company LLC boosted their price target on shares of Amazon.com from $205.00 to $210.00 and gave the stock a “buy” rating in a research report on Wednesday, July 17th. TD Cowen boosted their price target on shares of Amazon.com from $225.00 to $245.00 and gave the stock a “buy” rating in a research report on Wednesday, July 10th. Rosenblatt Securities boosted their price target on shares of Amazon.com from $220.00 to $221.00 and gave the stock a “buy” rating in a research report on Friday, August 2nd. Finally, Sanford C. Bernstein boosted their price target on shares of Amazon.com from $210.00 to $215.00 and gave the stock an “outperform” rating in a research report on Monday, July 22nd. One investment analyst has rated the stock with a hold rating, forty have issued a buy rating and one has given a strong buy rating to the company’s stock. Based on data from MarketBeat.com, the stock has an average rating of “Buy” and a consensus target price of $221.36.

Amazon.com Price Performance

Shares of NASDAQ:AMZN opened at $178.50 on Friday. Amazon.com, Inc. has a twelve month low of $118.35 and a twelve month high of $201.20. The company’s 50 day moving average is $182.68 and its 200 day moving average is $180.99. The company has a current ratio of 1.07, a quick ratio of 0.87 and a debt-to-equity ratio of 0.27. The company has a market cap of $1.86 trillion, a PE ratio of 50.00, a price-to-earnings-growth ratio of 1.32 and a beta of 1.15.

Amazon.com (NASDAQ:AMZN) last released its quarterly earnings data on Thursday, August 1st. The e-commerce giant reported $1.23 EPS for the quarter, topping the consensus estimate of $1.05 by $0.18. Amazon.com had a return on equity of 22.35% and a net margin of 7.35%. The business had revenue of $147.98 billion for the quarter, compared to analyst estimates of $148.63 billion. On average, sell-side analysts forecast that Amazon.com, Inc. will post 4.73 EPS for the current 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.