Stonnington Group LLC Grows Position in Amazon.com, Inc. (NASDAQ:AMZN)

Stonnington Group LLC lifted its holdings in shares of Amazon.com, Inc. (NASDAQ:AMZN) by 414.8% during the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 14,590 shares of the e-commerce giant’s stock after buying an additional 11,756 shares during the period. Stonnington Group LLC’s holdings in Amazon.com were worth $1,697,000 at the end of the most recent reporting period.

Other institutional investors also recently modified their holdings of the company. Fifth Third Bancorp boosted its position in shares of Amazon.com by 1.5% during the first quarter. Fifth Third Bancorp now owns 177,679 shares of the e-commerce giant’s stock valued at $579,225,000 after buying an additional 2,686 shares during the last quarter. LRT Capital Management LLC purchased a new position in Amazon.com in the first quarter worth about $939,000. Van Hulzen Asset Management LLC boosted its position in Amazon.com by 2.1% in the first quarter. Van Hulzen Asset Management LLC now owns 3,993 shares of the e-commerce giant’s stock worth $13,017,000 after purchasing an additional 82 shares during the last quarter. Graypoint LLC lifted its position in shares of Amazon.com by 57.9% during the 1st quarter. Graypoint LLC now owns 1,704 shares of the e-commerce giant’s stock valued at $5,555,000 after buying an additional 625 shares in the last quarter. Finally, Castle Rock Wealth Management LLC lifted its position in shares of Amazon.com by 10.6% during the 1st quarter. Castle Rock Wealth Management LLC now owns 1,715 shares of the e-commerce giant’s stock valued at $5,422,000 after buying an additional 164 shares in the last quarter. 57.15% of the stock is owned by hedge funds and other institutional investors.

Amazon.com Trading Up 0.9 %

Shares of NASDAQ:AMZN opened at $124.66 on Tuesday. The business’s 50-day moving average is $129.52 and its 200 day moving average is $130.59. Amazon.com, Inc. has a 1 year low of $101.26 and a 1 year high of $188.11. 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. The company has a debt-to-equity ratio of 0.44, a current ratio of 0.95 and a quick ratio of 0.68.

Amazon.com (NASDAQ:AMZNGet Rating) last announced its 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 net margin of 2.39% and a return on equity of 15.79%. The business had revenue of $121.23 billion for the quarter, compared to analyst estimates of $119.16 billion. During the same period in the prior year, the company earned $0.76 earnings per share. The company’s quarterly revenue was up 7.2% on a year-over-year basis. On average, research analysts predict that Amazon.com, Inc. will post 0.99 earnings per share for the current fiscal year.

Analysts Set New Price Targets

AMZN has been the topic of several recent analyst reports. Citigroup lifted their target price on Amazon.com to $185.00 in a research note on Tuesday, August 9th. Mizuho cut their target price on 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. JMP Securities boosted their target price on Amazon.com from $172.50 to $180.00 and gave the company a “market outperform” rating in a research report on Friday, July 29th. UBS Group boosted 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, Credit Suisse Group cut their target price on Amazon.com from $185.00 to $170.00 and set an “outperform” rating on the stock in a research report on Tuesday, July 26th. Two analysts have rated the stock with a sell rating, two have assigned a hold rating and thirty-six have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, Amazon.com has an average rating of “Moderate Buy” and a consensus target price of $176.61.

Insider Activity at Amazon.com

In related news, CEO Adam Selipsky sold 520 shares of the company’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 transaction, the chief executive officer now directly owns 115,680 shares of the company’s stock, valued at approximately $14,741,102.40. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. In related news, CEO Adam Selipsky sold 520 shares of the company’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 transaction, the chief executive officer now directly owns 115,680 shares of the company’s stock, valued at approximately $14,741,102.40. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, CEO Andrew R. Jassy sold 23,620 shares of the stock in a transaction dated 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 directly owns 1,892,000 shares in the company, valued at $269,212,680. The disclosure for this sale can be found here. Insiders have sold 70,628 shares of company stock valued at $9,802,599 in the last ninety days. Corporate 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.

See Also

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

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