Neville Rodie & Shaw Inc. Raises Stake in Amazon.com, Inc. (NASDAQ:AMZN)

Neville Rodie & Shaw Inc. lifted its position in shares of Amazon.com, Inc. (NASDAQ:AMZNGet Rating) by 1,744.3% in the second quarter, according to its most recent 13F filing with the SEC. The firm owned 110,900 shares of the e-commerce giant’s stock after purchasing an additional 104,887 shares during the quarter. Neville Rodie & Shaw Inc.’s holdings in Amazon.com were worth $11,778,000 as of its most recent filing with the SEC.

A number of other institutional investors have also modified their holdings of the company. Gibson Wealth Advisors LLC purchased a new position in Amazon.com in the 4th quarter worth approximately $33,000. MBM Wealth Consultants LLC boosted its holdings in Amazon.com by 57.1% in the 4th quarter. MBM Wealth Consultants LLC now owns 11 shares of the e-commerce giant’s stock worth $37,000 after acquiring an additional 4 shares during the period. William Allan LLC purchased a new position in Amazon.com in the 4th quarter worth approximately $47,000. Cardinal Capital Management Inc. purchased a new position in Amazon.com in the 1st quarter worth approximately $49,000. Finally, Security Financial Services INC. purchased a new position in Amazon.com in the 4th quarter worth approximately $57,000. Hedge funds and other institutional investors own 57.15% of the company’s stock.

Insider Activity at Amazon.com

In related news, CEO Adam Selipsky sold 520 shares of the firm’s stock in a transaction dated Wednesday, September 14th. The stock was sold at an average price of $127.43, for a total transaction of $66,263.60. Following the completion of the transaction, the chief executive officer now owns 115,680 shares of the company’s stock, valued at $14,741,102.40. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. In other news, CEO Andrew R. Jassy sold 23,620 shares of the company’s stock in a transaction on Monday, August 15th. The stock was sold at an average price of $142.29, for a total transaction of $3,360,889.80. Following the completion of the sale, the chief executive officer now directly owns 1,892,000 shares of the company’s stock, valued at $269,212,680. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. Also, CEO Adam Selipsky sold 520 shares of the company’s stock in a transaction on Wednesday, September 14th. The shares were sold at an average price of $127.43, for a total value of $66,263.60. Following the sale, the chief executive officer now directly owns 115,680 shares of the company’s stock, valued at $14,741,102.40. The disclosure for this sale can be found here. Insiders sold 70,628 shares of company stock valued at $9,802,599 over the last 90 days. 12.70% of the stock is currently owned by corporate insiders.

Analyst Upgrades and Downgrades

A number of equities analysts have weighed in on AMZN shares. The Goldman Sachs Group restated a “buy” rating and issued a $175.00 price target on shares of Amazon.com in a report on Thursday, August 4th. Stifel Nicolaus decreased their price target on Amazon.com from $190.00 to $185.00 in a report on Friday, July 15th. DA Davidson restated a “buy” rating and issued a $151.00 price target on shares of Amazon.com in a report on Friday, August 5th. UBS Group upped their target price on Amazon.com from $167.00 to $180.00 and gave the company a “buy” rating in a research report on Friday, July 29th. Finally, Wolfe Research upped their target price on Amazon.com from $140.00 to $170.00 and gave the company an “outperform” rating in a research report on Friday, July 29th. Two analysts have rated the stock with a sell rating, two have issued a hold rating and thirty-six have given a buy rating to the company. Based on data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average price target of $176.61.

Amazon.com Trading Down 2.2 %

NASDAQ:AMZN opened at $123.53 on Friday. Amazon.com, Inc. has a 1 year low of $101.26 and a 1 year high of $188.11. The stock has a market cap of $1.26 trillion, a price-to-earnings ratio of 110.74, a PEG ratio of 5.63 and a beta of 1.33. The business has a fifty day moving average of $129.52 and a 200-day moving average of $130.86. The company has a debt-to-equity ratio of 0.44, a quick ratio of 0.68 and a current ratio of 0.95.

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

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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