Raub Brock Capital Management LP Purchases 3,067 Shares of Amazon.com, Inc. (NASDAQ:AMZN)

Raub Brock Capital Management LP raised its position in Amazon.com, Inc. (NASDAQ:AMZNGet Rating) by 1,905.0% during the second quarter, according to its most recent 13F filing with the SEC. The fund owned 3,228 shares of the e-commerce giant’s stock after buying an additional 3,067 shares during the period. Raub Brock Capital Management LP’s holdings in Amazon.com were worth $343,000 as of its most recent filing with the SEC.

A number of other hedge funds have also recently bought and sold shares of AMZN. Vanguard Group Inc. lifted its stake in shares of Amazon.com by 1.6% in the 1st quarter. Vanguard Group Inc. now owns 33,965,498 shares of the e-commerce giant’s stock valued at $110,725,825,000 after purchasing an additional 543,744 shares during the period. State Street Corp lifted its stake in shares of Amazon.com by 4.3% in the 4th quarter. State Street Corp now owns 17,021,616 shares of the e-commerce giant’s stock valued at $56,755,855,000 after purchasing an additional 698,970 shares during the period. Geode Capital Management LLC lifted its stake in shares of Amazon.com by 2.8% in the 4th quarter. Geode Capital Management LLC now owns 7,193,360 shares of the e-commerce giant’s stock valued at $23,917,115,000 after purchasing an additional 195,716 shares during the period. Capital Research Global Investors lifted its stake in shares of Amazon.com by 14.0% in the 1st quarter. Capital Research Global Investors now owns 5,213,777 shares of the e-commerce giant’s stock valued at $16,996,815,000 after purchasing an additional 639,231 shares during the period. Finally, Norges Bank acquired a new position in shares of Amazon.com in the 4th quarter valued at $14,053,756,000. 57.15% of the stock is currently owned by institutional investors.

Amazon.com Price Performance

Shares of Amazon.com stock opened at $123.53 on Monday. The firm has a market cap of $1.26 trillion, a PE ratio of 110.74, a price-to-earnings-growth ratio of 5.51 and a beta of 1.33. Amazon.com, Inc. has a 12-month low of $101.26 and a 12-month high of $188.11. The company has a quick ratio of 0.68, a current ratio of 0.95 and a debt-to-equity ratio of 0.44. The company’s fifty day simple moving average is $129.52 and its two-hundred day simple moving average is $130.72.

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

Wall Street Analyst Weigh In

Several analysts recently commented on AMZN shares. Redburn Partners started coverage on Amazon.com in a research note on Wednesday, June 29th. They set a “buy” rating and a $270.00 price objective on the stock. Loop Capital dropped their price objective on Amazon.com from $187.50 to $141.25 and set a “buy” rating on the stock in a research note on Friday, May 27th. Cowen raised their price objective on Amazon.com from $210.00 to $215.00 and gave the stock an “outperform” rating in a research note on Friday, July 29th. JPMorgan Chase & Co. dropped their price target on Amazon.com from $200.00 to $175.00 and set an “overweight” rating on the stock in a research note on Wednesday, June 29th. Finally, DA Davidson reissued a “buy” rating and issued a $151.00 price target on shares of Amazon.com in a research note on Friday, August 5th. Two research 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. According to MarketBeat, Amazon.com currently has a consensus rating of “Moderate Buy” and an average price target of $176.61.

Insiders Place Their Bets

In other news, CEO Adam Selipsky sold 520 shares of the business’s stock in a transaction that occurred on Wednesday, September 14th. The shares were 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 directly owns 115,680 shares of the company’s stock, valued at $14,741,102.40. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. In other news, CEO Andrew R. Jassy sold 23,620 shares of the business’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 transaction of $3,360,889.80. Following the completion of the transaction, the chief executive officer now directly owns 1,892,000 shares of the company’s stock, valued at $269,212,680. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CEO Adam Selipsky sold 520 shares of the business’s stock in a transaction that occurred on Wednesday, September 14th. The shares were sold at an average price of $127.43, for a total transaction of $66,263.60. Following the sale, the chief executive officer now owns 115,680 shares of the company’s stock, valued at $14,741,102.40. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 70,628 shares of company stock valued at $9,802,599. Insiders own 12.70% of the company’s stock.

About Amazon.com

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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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