Yarbrough Capital LLC Buys 809,209 Shares of Amazon.com, Inc. (NASDAQ:AMZN)

Yarbrough Capital LLC boosted its holdings in shares of Amazon.com, Inc. (NASDAQ:AMZN) by 1,657.8% during the second quarter, Holdings Channel reports. The institutional investor owned 858,020 shares of the e-commerce giant’s stock after acquiring an additional 809,209 shares during the quarter. Amazon.com comprises about 6.9% of Yarbrough Capital LLC’s investment portfolio, making the stock its 3rd biggest position. Yarbrough Capital LLC’s holdings in Amazon.com were worth $91,130,000 as of its most recent SEC filing.

Other institutional investors have also recently bought and sold shares of the company. MCIA Inc boosted its stake in shares of Amazon.com by 3,615.7% in the 2nd quarter. MCIA Inc now owns 55,549 shares of the e-commerce giant’s stock valued at $6,462,000 after purchasing an additional 54,054 shares in the last quarter. Kohmann Bosshard Financial Services LLC increased its holdings in shares of Amazon.com by 1,668.4% in the second quarter. Kohmann Bosshard Financial Services LLC now owns 7,940 shares of the e-commerce giant’s stock valued at $843,000 after purchasing an additional 7,491 shares in the last quarter. Cullinan Associates Inc. increased its holdings in shares of Amazon.com by 2,152.8% in the second quarter. Cullinan Associates Inc. now owns 142,420 shares of the e-commerce giant’s stock valued at $15,126,000 after purchasing an additional 136,098 shares in the last quarter. CHURCHILL MANAGEMENT Corp increased its holdings in shares of Amazon.com by 309.2% in the second quarter. CHURCHILL MANAGEMENT Corp now owns 30,910 shares of the e-commerce giant’s stock valued at $3,283,000 after purchasing an additional 23,357 shares in the last quarter. Finally, Stonnington Group LLC increased its holdings in shares of Amazon.com by 414.8% in the second quarter. Stonnington Group LLC now owns 14,590 shares of the e-commerce giant’s stock valued at $1,697,000 after purchasing an additional 11,756 shares in the last quarter. Institutional investors and hedge funds own 57.15% of the company’s stock.

Insider Buying and Selling

In other news, CEO Adam Selipsky sold 520 shares of the business’s stock in a transaction dated Wednesday, September 14th. The stock was sold at an average price of $127.43, for a total value 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 document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. In other news, CEO Adam Selipsky sold 520 shares of the business’s stock in a transaction dated Wednesday, September 14th. The stock was sold at an average price of $127.43, for a total value 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 document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. 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 value of $467,120.40. Following the completion of the sale, the vice president now directly 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. Insiders have sold 70,628 shares of company stock worth $9,802,599 in the last 90 days. Insiders own 12.70% of the company’s stock.

Amazon.com Trading Up 0.9 %

Shares of AMZN 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 business’s fifty day moving average is $129.52 and its 200-day moving average is $130.59. The company has a debt-to-equity ratio of 0.44, a quick ratio of 0.68 and a current ratio of 0.95. The firm has a market cap of $1.27 trillion, a price-to-earnings ratio of 111.75, a PEG ratio of 5.51 and a beta of 1.33.

Amazon.com (NASDAQ:AMZNGet Rating) last issued 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 net margin of 2.39% and a return on equity of 15.79%. The business had revenue of $121.23 billion during the quarter, compared to the consensus estimate of $119.16 billion. During the same quarter in the previous year, the business posted $0.76 EPS. The company’s revenue for the quarter was up 7.2% on a year-over-year basis. Equities analysts anticipate that Amazon.com, Inc. will post 0.99 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

AMZN has been the subject of a number of research reports. DA Davidson reissued a “buy” rating and issued a $151.00 price target on shares of Amazon.com in a report on Friday, August 5th. Rosenblatt Securities raised their price objective on shares of Amazon.com to $118.00 and gave the company a “neutral” rating in a research note on Friday, July 29th. Jefferies Financial Group reduced their price objective on shares of Amazon.com from $163.00 to $150.00 in a research note on Wednesday, July 20th. Credit Suisse Group reduced their price objective on shares of Amazon.com from $185.00 to $170.00 and set an “outperform” rating on the stock in a research note on Tuesday, July 26th. Finally, Cowen reduced their price target on shares of Amazon.com from $215.00 to $210.00 and set an “outperform” rating on the stock in a research report on Thursday, July 14th. Two research analysts have rated the stock with a sell rating, two have issued a hold rating and thirty-six have assigned a buy rating to the company. Based on data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus target price 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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