Amazon.com, Inc. (NASDAQ:AMZN) Stock Holdings Raised by Old Port Advisors

Old Port Advisors raised its stake in Amazon.com, Inc. (NASDAQ:AMZN) by 1,917.1% in the 2nd quarter, Holdings Channel.com reports. The firm owned 10,166 shares of the e-commerce giant’s stock after acquiring an additional 9,662 shares during the period. Old Port Advisors’ holdings in Amazon.com were worth $1,154,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently modified their holdings of the stock. Vanguard Group Inc. increased its position 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 worth $110,725,825,000 after purchasing an additional 543,744 shares during the last quarter. State Street Corp increased its position 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 worth $56,755,855,000 after purchasing an additional 698,970 shares during the last quarter. Geode Capital Management LLC increased its position 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 worth $23,917,115,000 after purchasing an additional 195,716 shares during the last quarter. Capital Research Global Investors increased its position 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 worth $16,996,815,000 after purchasing an additional 639,231 shares during the last quarter. Finally, Norges Bank bought a new stake in shares of Amazon.com during the 4th quarter valued at about $14,053,756,000. Institutional investors own 57.15% of the company’s stock.

Insider Activity

In other Amazon.com news, VP Shelley Reynolds sold 3,480 shares of the company’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 transaction, the vice president now owns 119,780 shares in the company, valued at approximately $16,078,069.40. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. In other Amazon.com news, VP Shelley Reynolds sold 3,480 shares of the company’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 transaction, the vice president now owns 119,780 shares in the company, valued at approximately $16,078,069.40. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. Also, CEO Douglas J. Herrington sold 7,448 shares of the company’s stock in a transaction that occurred on Monday, August 22nd. The shares were sold at an average price of $134.25, for a total transaction of $999,894.00. Following the completion of the transaction, the chief executive officer now owns 498,572 shares in the company, valued at approximately $66,933,291. The disclosure for this sale can be found here. Insiders have sold 70,628 shares of company stock worth $9,802,599 over the last 90 days. 12.70% of the stock is owned by company insiders.

Wall Street Analysts Forecast Growth

A number of equities research analysts recently weighed in on the stock. Wolfe Research boosted their price objective on shares of Amazon.com from $140.00 to $170.00 and gave the company an “outperform” rating in a research report on Friday, July 29th. DA Davidson reaffirmed a “buy” rating and set a $151.00 price objective on shares of Amazon.com in a research report on Friday, August 5th. Robert W. Baird reaffirmed an “outperform” rating and set a $150.00 price objective on shares of Amazon.com in a research report on Wednesday, September 7th. Cowen lowered their price objective on shares of Amazon.com from $215.00 to $210.00 and set an “outperform” rating for the company in a research report on Thursday, July 14th. Finally, Barclays boosted their price objective on shares of Amazon.com from $195.00 to $200.00 and gave the company an “overweight” rating in a research report on Friday, July 29th. Two equities research analysts have rated the stock with a sell rating, two have assigned a hold rating and thirty-six have issued a buy rating to the stock. According to MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average price target of $176.61.

Amazon.com Stock Up 0.9 %

AMZN stock opened at $124.66 on Tuesday. Amazon.com, Inc. has a 52-week low of $101.26 and a 52-week high of $188.11. The company’s 50 day simple moving average is $129.52 and its 200-day simple moving average is $130.59. The company has a debt-to-equity ratio of 0.44, a current ratio of 0.95 and a quick ratio of 0.68. The firm has a market capitalization of $1.27 trillion, a P/E ratio of 111.75, a P/E/G ratio of 5.51 and a beta of 1.33.

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 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 firm had revenue of $121.23 billion for the quarter, compared to analyst estimates of $119.16 billion. During the same quarter in the prior year, the firm earned $0.76 EPS. The firm’s revenue was up 7.2% compared to the same quarter last year. As a group, equities research analysts anticipate that Amazon.com, Inc. will post 0.99 EPS for the current year.

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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