Amazon.com, Inc. (NASDAQ:AMZN) is SevenBridge Financial Group LLC’s 7th Largest Position

SevenBridge Financial Group LLC boosted its position in shares of Amazon.com, Inc. (NASDAQ:AMZN) by 1,921.2% in the second quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 60,151 shares of the e-commerce giant’s stock after acquiring an additional 57,175 shares during the quarter. Amazon.com accounts for approximately 2.6% of SevenBridge Financial Group LLC’s investment portfolio, making the stock its 7th biggest position. SevenBridge Financial Group LLC’s holdings in Amazon.com were worth $6,389,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors also recently bought and sold shares of the company. Vanguard Group Inc. boosted 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 buying an additional 543,744 shares during the period. State Street Corp boosted 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 buying an additional 698,970 shares during the period. Capital Research Global Investors boosted 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 buying an additional 639,231 shares during the period. Norges Bank purchased a new position in shares of Amazon.com in the 4th quarter valued at about $14,053,756,000. Finally, Capital International Investors boosted its stake in shares of Amazon.com by 6.1% in the 1st quarter. Capital International Investors now owns 3,936,342 shares of the e-commerce giant’s stock valued at $12,833,435,000 after buying an additional 227,382 shares during the period. 57.15% of the stock is currently owned by hedge funds and other institutional investors.

Amazon.com Stock Down 1.0 %

Amazon.com stock opened at $117.31 on Friday. The stock’s 50 day moving average price is $130.33 and its 200 day moving average price is $130.17. 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 company has a market cap of $1.20 trillion, a PE ratio of 105.16, a price-to-earnings-growth ratio of 5.45 and a beta of 1.33. Amazon.com, Inc. has a 1-year low of $101.26 and a 1-year high of $188.11.

Amazon.com (NASDAQ:AMZNGet Rating) last posted its earnings results on Thursday, July 28th. The e-commerce giant reported $0.10 EPS for the quarter, missing analysts’ consensus estimates of $0.15 by ($0.05). The firm had revenue of $121.23 billion for the quarter, compared to analysts’ expectations of $119.16 billion. Amazon.com had a return on equity of 15.79% and a net margin of 2.39%. The firm’s revenue for the quarter was up 7.2% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $0.76 earnings per share. On average, sell-side analysts predict that Amazon.com, Inc. will post 0.99 EPS for the current fiscal year.

Insiders Place Their Bets

In other Amazon.com news, CEO Adam Selipsky sold 520 shares of the business’s stock in a transaction on Wednesday, September 14th. The stock was sold at an average price of $127.43, for a total transaction of $66,263.60. Following the sale, the chief executive officer now directly owns 115,680 shares in the company, valued at $14,741,102.40. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. In other Amazon.com news, CEO Adam Selipsky sold 520 shares of the business’s stock in a transaction on Wednesday, September 14th. The stock was sold at an average price of $127.43, for a total transaction of $66,263.60. Following the sale, the chief executive officer now directly owns 115,680 shares in the company, valued at $14,741,102.40. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, SVP David Zapolsky sold 10,480 shares of the company’s stock in a transaction on Tuesday, August 16th. The shares were sold at an average price of $145.01, for a total value of $1,519,704.80. Following the completion of the sale, the senior vice president now owns 60,260 shares in the company, valued at $8,738,302.60. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 70,628 shares of company stock worth $9,802,599. 12.70% of the stock is owned by corporate insiders.

Analyst Upgrades and Downgrades

Several equities research analysts have recently weighed in on the company. Itau BBA Securities assumed coverage on Amazon.com in a research report on Tuesday, July 26th. They set an “outperform” rating and a $146.00 target price on the stock. Cowen raised their target price on Amazon.com from $210.00 to $215.00 and gave the stock an “outperform” rating in a research report on Friday, July 29th. Canaccord Genuity Group raised their target price on Amazon.com from $185.00 to $200.00 in a research report on Friday, July 29th. JMP Securities raised their target price on Amazon.com from $172.50 to $180.00 and gave the stock a “market outperform” rating in a research report on Friday, July 29th. Finally, Stifel Nicolaus cut their target price on Amazon.com from $190.00 to $185.00 in a research report on Friday, July 15th. Two investment analysts have rated the stock with a sell rating, two have issued a hold rating and thirty-six have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average 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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