Amazon.com, Inc. $AMZN Stock Holdings Lifted by Benchstone Capital Management LP

by · The Markets Daily

Benchstone Capital Management LP boosted its stake in Amazon.com, Inc. (NASDAQ:AMZN – Free Report) by 99.6% in the second quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 296,946 shares of the e-commerce giant’s stock after buying an additional 148,190 shares during the quarter. Amazon.com makes up 5.8% of Benchstone Capital Management LP’s investment portfolio, making the stock its largest holding. Benchstone Capital Management LP’s holdings in Amazon.com were worth $65,147,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds have also recently bought and sold shares of AMZN. Carderock Capital Management Inc. bought a new stake in Amazon.com in the 2nd quarter worth about $27,000. Maryland Capital Advisors Inc. boosted its stake in shares of Amazon.com by 81.9% in the 2nd quarter. Maryland Capital Advisors Inc. now owns 211 shares of the e-commerce giant’s stock worth $46,000 after buying an additional 95 shares during the last quarter. Ryan Investment Management Inc. bought a new position in shares of Amazon.com in the second quarter valued at approximately $48,000. MJT & Associates Financial Advisory Group Inc. purchased a new stake in shares of Amazon.com during the first quarter valued at approximately $59,000. Finally, Access Investment Management LLC bought a new stake in Amazon.com during the second quarter worth $74,000. 72.20% of the stock is owned by hedge funds and other institutional investors.

Amazon.com Stock Performance

Shares of AMZN stock opened at $226.19 on Friday. The firm’s 50 day moving average is $229.35 and its 200 day moving average is $224.73. The stock has a market capitalization of $2.42 trillion, a P/E ratio of 31.95, a PEG ratio of 1.58 and a beta of 1.37. Amazon.com, Inc. has a 12 month low of $161.38 and a 12 month high of $258.60. The company has a current ratio of 1.01, a quick ratio of 0.80 and a debt-to-equity ratio of 0.14.

Amazon.com (NASDAQ:AMZN – Get Free Report) last issued its earnings results on Thursday, October 30th. The e-commerce giant reported $1.95 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.57 by $0.38. The business had revenue of $180.17 billion for the quarter, compared to analysts’ expectations of $177.53 billion. Amazon.com had a net margin of 11.06% and a return on equity of 23.62%. The business’s revenue for the quarter was up 13.4% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $1.43 EPS. On average, sell-side analysts anticipate that Amazon.com, Inc. will post 6.31 earnings per share for the current year.

Analyst Ratings Changes

Several research analysts have weighed in on AMZN shares. Pivotal Research boosted their price objective on Amazon.com from $285.00 to $300.00 and gave the stock a “buy” rating in a research report on Friday, October 31st. Evercore ISI lifted their target price on Amazon.com from $280.00 to $335.00 and gave the stock an “outperform” rating in a research note on Friday, October 31st. Robert W. Baird set a $285.00 price target on shares of Amazon.com and gave the company an “outperform” rating in a research report on Friday, October 31st. Desjardins raised their price objective on shares of Amazon.com to $218.00 in a report on Monday, December 8th. Finally, Jefferies Financial Group reiterated a “buy” rating on shares of Amazon.com in a research note on Monday, December 8th. Two equities research analysts have rated the stock with a Strong Buy rating, fifty-six have assigned a Buy rating and three have assigned a Hold rating to the stock. Based on data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $295.43.

Read Our Latest Stock Report on AMZN

Insider Activity at Amazon.com

In related news, CEO Matthew S. Garman sold 17,768 shares of the stock in a transaction dated Friday, November 21st. The stock was sold at an average price of $216.90, for a total transaction of $3,853,879.20. Following the sale, the chief executive officer owned 6,273 shares of the company’s stock, valued at approximately $1,360,613.70. This represents a 73.91% decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, Director Daniel P. Huttenlocher sold 1,237 shares of Amazon.com stock in a transaction dated Thursday, November 20th. The shares were sold at an average price of $226.61, for a total value of $280,316.57. Following the transaction, the director directly owned 26,148 shares of the company’s stock, valued at $5,925,398.28. The trade was a 4.52% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold a total of 82,234 shares of company stock worth $19,076,767 in the last 90 days. 9.70% of the stock is owned by company insiders.

Amazon.com Company Profile

(Free Report)

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.

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