Amazon.com, Inc. (NASDAQ:AMZN) Shares Acquired by Cornerstone Advisory LLC

Cornerstone Advisory LLC increased its holdings in shares of Amazon.com, Inc. (NASDAQ:AMZN) by 11.5% in the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 6,014 shares of the e-commerce giant’s stock after purchasing an additional 619 shares during the quarter. Amazon.com makes up about 3.0% of Cornerstone Advisory LLC’s investment portfolio, making the stock its 7th biggest holding. Cornerstone Advisory LLC’s holdings in Amazon.com were worth $19,606,000 at the end of the most recent quarter.

Several other large investors have also added to or reduced their stakes in the business. Vanguard Group Inc. boosted its holdings in Amazon.com by 1.6% during the first quarter. Vanguard Group Inc. now owns 33,965,498 shares of the e-commerce giant’s stock worth $110,725,825,000 after purchasing an additional 543,744 shares during the last quarter. State Street Corp boosted its holdings in Amazon.com by 4.3% during the fourth quarter. State Street Corp now owns 17,021,616 shares of the e-commerce giant’s stock worth $56,755,855,000 after purchasing an additional 698,970 shares during the last quarter. Geode Capital Management LLC boosted its holdings in Amazon.com by 2.8% during the fourth quarter. Geode Capital Management LLC now owns 7,193,360 shares of the e-commerce giant’s stock worth $23,917,115,000 after purchasing an additional 195,716 shares during the last quarter. Capital Research Global Investors raised its position in Amazon.com by 14.0% during the first quarter. Capital Research Global Investors now owns 5,213,777 shares of the e-commerce giant’s stock worth $16,996,815,000 after acquiring an additional 639,231 shares in the last quarter. Finally, Norges Bank bought a new stake in Amazon.com during the fourth quarter worth $14,053,756,000. Institutional investors and hedge funds own 57.15% of the company’s stock.

Amazon.com Trading Up 1.4 %

AMZN opened at $128.55 on Thursday. The company’s 50 day moving average is $128.87 and its 200-day moving average is $131.26. Amazon.com, Inc. has a 1-year low of $101.26 and a 1-year high of $188.11. The company has a current ratio of 0.95, a quick ratio of 0.68 and a debt-to-equity ratio of 0.44. The company has a market cap of $1.31 trillion, a P/E ratio of 115.24, a PEG ratio of 5.95 and a beta of 1.33.

Amazon.com (NASDAQ:AMZNGet Rating) last posted its quarterly earnings results on Thursday, July 28th. The e-commerce giant reported ($0.20) earnings per share for the quarter, missing analysts’ consensus estimates of $0.15 by ($0.35). Amazon.com had a net margin of 2.39% and a return on equity of 15.79%. The company had revenue of $121.23 billion during the quarter, compared to analyst estimates of $119.16 billion. During the same quarter in the previous year, the business posted $0.76 earnings per share. The company’s revenue for the quarter was up 7.2% on a year-over-year basis. Equities research analysts predict that Amazon.com, Inc. will post 0.99 earnings per share for the current fiscal year.

Insider Activity

In related news, VP Shelley Reynolds sold 3,480 shares of the firm’s stock in a transaction that occurred on Monday, August 22nd. The shares were sold at an average price of $134.23, for a total value of $467,120.40. Following the completion of the transaction, the vice president now owns 119,780 shares in the company, valued at approximately $16,078,069.40. The sale was disclosed in a document filed with the SEC, which can be accessed through this link. In related news, CEO Andrew R. Jassy sold 23,620 shares of the firm’s stock in a transaction that occurred on Monday, August 15th. The shares were sold at an average price of $142.29, for a total value of $3,360,889.80. Following the completion of the transaction, the chief executive officer now owns 1,892,000 shares in the company, valued at approximately $269,212,680. The sale was disclosed in a document filed with the SEC, which can be accessed through this link. Also, VP Shelley Reynolds sold 3,480 shares of the firm’s stock in a transaction that occurred on Monday, August 22nd. The shares were sold at an average price of $134.23, for a total transaction of $467,120.40. Following the completion of the transaction, the vice president now owns 119,780 shares of the company’s stock, valued at approximately $16,078,069.40. The disclosure for this sale can be found here. In the last three months, insiders have sold 70,108 shares of company stock worth $9,736,335. Corporate insiders own 12.70% of the company’s stock.

Analysts Set New Price Targets

Several analysts have issued reports on AMZN shares. The Goldman Sachs Group reaffirmed a “buy” rating and set a $175.00 price target on shares of Amazon.com in a research report on Thursday, August 4th. Citigroup upped their price target on shares of Amazon.com to $185.00 in a research report on Tuesday, August 9th. JMP Securities upped their price target on shares of Amazon.com from $172.50 to $180.00 and gave the stock a “market outperform” rating in a research report on Friday, July 29th. UBS Group upped their price target on shares of Amazon.com from $167.00 to $180.00 and gave the stock a “buy” rating in a research report on Friday, July 29th. Finally, Deutsche Bank Aktiengesellschaft dropped their price objective on shares of Amazon.com from $174.00 to $155.00 in a research report on Thursday, July 21st. Two research analysts have rated the stock with a sell rating, two have assigned a hold rating and thirty-six have given a buy rating to the company. According to MarketBeat, Amazon.com has a consensus rating of “Moderate Buy” and a consensus price target of $176.61.

Amazon.com 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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