Addison Advisors LLC Boosts Holdings in Amazon.com, Inc. (NASDAQ:AMZN)

Addison Advisors LLC raised its holdings in shares of Amazon.com, Inc. (NASDAQ:AMZN) by 50.0% in the 1st quarter, HoldingsChannel.com reports. The fund owned 294 shares of the e-commerce giant’s stock after purchasing an additional 98 shares during the period. Addison Advisors LLC’s holdings in Amazon.com were worth $958,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also modified their holdings of the company. Stuart Chaussee & Associates Inc. purchased a new stake in shares of Amazon.com during the fourth quarter worth about $27,000. Gibson Wealth Advisors LLC purchased a new stake in Amazon.com in the fourth quarter valued at approximately $33,000. Leverty Financial Group LLC purchased a new stake in Amazon.com in the fourth quarter valued at approximately $36,000. MBM Wealth Consultants LLC grew its holdings in Amazon.com by 57.1% in the fourth quarter. MBM Wealth Consultants LLC now owns 11 shares of the e-commerce giant’s stock valued at $37,000 after purchasing an additional 4 shares during the period. Finally, William Allan LLC purchased a new stake in Amazon.com in the fourth quarter valued at approximately $47,000. 72.51% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

A number of research firms recently issued reports on AMZN. TheStreet downgraded shares of Amazon.com from a “b” rating to a “c+” rating in a report on Thursday, April 28th. JPMorgan Chase & Co. boosted their target price on shares of Amazon.com from $175.00 to $185.00 and gave the company a “maintains” rating in a report on Friday. Loop Capital reduced their price target on shares of Amazon.com from $187.50 to $141.25 and set a “buy” rating on the stock in a research report on Friday, May 27th. Mizuho reduced their price target on shares of Amazon.com from $197.50 to $155.00 and set a “buy” rating on the stock in a research report on Thursday, July 21st. They noted that the move was a valuation call. Finally, The Goldman Sachs Group reduced their price target on shares of Amazon.com from $185.00 to $170.00 and set a “buy” rating on the stock in a research report on Thursday, June 9th. Three equities research analysts have rated the stock with a sell rating, one has given a hold rating and thirty have issued a buy rating to the company. According to MarketBeat, Amazon.com has a consensus rating of “Moderate Buy” and a consensus price target of $179.45.

Amazon.com Stock Up 10.4 %

AMZN stock opened at $134.95 on Friday. The company has a debt-to-equity ratio of 0.35, a current ratio of 0.96 and a quick ratio of 0.71. Amazon.com, Inc. has a 1-year low of $101.26 and a 1-year high of $188.11. The firm has a fifty day moving average price of $114.13 and a two-hundred day moving average price of $135.09. The firm has a market cap of $1.37 trillion, a price-to-earnings ratio of 65.15, a PEG ratio of 4.38 and a beta of 1.25.

Amazon.com (NASDAQ:AMZNGet Rating) last released its earnings results on Thursday, July 28th. The e-commerce giant reported ($0.20) earnings per share for the quarter, missing the consensus estimate of $0.15 by ($0.35). The business had revenue of $121.23 billion for the quarter, compared to the consensus estimate of $119.16 billion. Amazon.com had a net margin of 4.48% and a return on equity of 21.60%. The firm’s revenue for the quarter was up 7.2% on a year-over-year basis. During the same quarter in the previous year, the firm earned $0.76 EPS. Research analysts predict that Amazon.com, Inc. will post 1.12 EPS for the current year.

Insider Transactions at Amazon.com

In other news, CEO David H. Clark sold 2,270 shares of the company’s stock in a transaction dated Monday, May 23rd. The shares were sold at an average price of $2,169.22, for a total transaction of $4,924,129.40. Following the completion of the transaction, the chief executive officer now owns 6,695 shares in the company, valued at $14,522,927.90. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. In other news, CEO David H. Clark sold 2,270 shares of the company’s stock in a transaction dated Monday, May 23rd. The shares were sold at an average price of $2,169.22, for a total transaction of $4,924,129.40. Following the completion of the transaction, the chief executive officer now owns 6,695 shares in the company, valued at $14,522,927.90. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CEO Andrew R. Jassy sold 1,181 shares of the company’s stock in a transaction dated Monday, May 16th. The stock was sold at an average price of $2,262.00, for a total transaction of $2,671,422.00. Following the transaction, the chief executive officer now owns 92,781 shares of the company’s stock, valued at approximately $209,870,622. The disclosure for this sale can be found here. Over the last quarter, insiders sold 4,803 shares of company stock worth $10,528,337. Insiders own 12.70% of the company’s stock.

Amazon.com Company Profile

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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). It sells merchandise and content purchased for resale from third-party sellers through physical and online stores.

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

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