Meyer Handelman Co. Purchases 1,292 Shares of Amazon.com, Inc. (NASDAQ:AMZN)

Meyer Handelman Co. raised its holdings in shares of Amazon.com, Inc. (NASDAQ:AMZN) by 19.9% during the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 7,792 shares of the e-commerce giant’s stock after purchasing an additional 1,292 shares during the period. Meyer Handelman Co.’s holdings in Amazon.com were worth $7,491,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors have also added to or reduced their stakes in AMZN. Vanguard Group Inc. increased its stake in shares of Amazon.com by 2.9% in the 2nd quarter. Vanguard Group Inc. now owns 26,863,386 shares of the e-commerce giant’s stock valued at $26,003,758,000 after acquiring an additional 764,115 shares during the last quarter. BlackRock Inc. increased its stake in shares of Amazon.com by 2.4% in the 2nd quarter. BlackRock Inc. now owns 23,925,821 shares of the e-commerce giant’s stock valued at $23,160,193,000 after acquiring an additional 554,990 shares during the last quarter. State Street Corp increased its stake in shares of Amazon.com by 1.1% in the 1st quarter. State Street Corp now owns 16,544,538 shares of the e-commerce giant’s stock valued at $14,667,392,000 after acquiring an additional 186,756 shares during the last quarter. Capital Research Global Investors increased its stake in shares of Amazon.com by 0.4% in the 2nd quarter. Capital Research Global Investors now owns 10,711,772 shares of the e-commerce giant’s stock valued at $10,368,995,000 after acquiring an additional 40,068 shares during the last quarter. Finally, TIAA CREF Investment Management LLC increased its stake in shares of Amazon.com by 1.7% in the 2nd quarter. TIAA CREF Investment Management LLC now owns 2,828,302 shares of the e-commerce giant’s stock valued at $2,737,796,000 after acquiring an additional 46,800 shares during the last quarter. Institutional investors own 59.78% of the company’s stock.

In other Amazon.com news, CEO Jeffrey P. Bezos sold 391,110 shares of the firm’s stock in a transaction on Wednesday, November 1st. The stock was sold at an average price of $1,103.53, for a total transaction of $431,601,618.30. Following the completion of the sale, the chief executive officer now owns 79,891,433 shares of the company’s stock, valued at approximately $88,162,593,058.49. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, CEO Andrew R. Jassy sold 1,985 shares of the firm’s stock in a transaction on Wednesday, November 15th. The shares were sold at an average price of $1,125.38, for a total value of $2,233,879.30. The disclosure for this sale can be found here. Insiders have sold a total of 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.

Shares of Amazon.com, Inc. (NASDAQ AMZN) opened at $1,305.20 on Friday. The company has a market capitalization of $628,940.00, a P/E ratio of 329.60, a PEG ratio of 7.60 and a beta of 1.46. The company has a quick ratio of 0.74, a current ratio of 1.03 and a debt-to-equity ratio of 1.00. Amazon.com, Inc. has a twelve month low of $803.00 and a twelve month high of $1,305.76.

Amazon.com (NASDAQ:AMZN) last announced its quarterly earnings results on Thursday, October 26th. The e-commerce giant reported $0.52 earnings per share (EPS) for the quarter, missing the 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 analyst estimates of $42.26 billion. During the same period in the prior year, the business earned $0.52 EPS. The company’s revenue for the quarter was up 33.7% compared to the same quarter last year. analysts forecast that Amazon.com, Inc. will post 4.24 earnings per share for the current year.

A number of analysts have recently commented on the company. Cantor Fitzgerald reaffirmed a “buy” rating and issued a $1,150.00 price target on shares of Amazon.com in a research note on Tuesday, October 24th. They noted that the move was a valuation call. Vetr cut Amazon.com from a “strong-buy” rating to a “buy” rating and set a $1,079.96 price target for the company. in a research note on Monday, October 23rd. Canaccord Genuity reaffirmed a “buy” rating and issued a $1,250.00 price target (up from $1,200.00) on shares of Amazon.com in a research note on Friday, October 27th. Jefferies Group reaffirmed a “buy” rating and issued a $1,350.00 price target on shares of Amazon.com in a research note on Friday, October 27th. Finally, Morgan Stanley reissued a “buy” rating and set a $1,150.00 target price on shares of Amazon.com in a research note on Tuesday, October 10th. Four investment analysts have rated the stock with a hold rating and fifty-one have assigned a buy rating to the company. The stock presently has an average rating of “Buy” and a consensus target price of $1,262.35.

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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.

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

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