Amazon.com, Inc. (NASDAQ:AMZN) Shares Acquired by Groesbeck Investment Management Corp NJ

Groesbeck Investment Management Corp NJ lifted its position in Amazon.com, Inc. (NASDAQ:AMZN) by 1,900.0% in the second quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 2,340 shares of the e-commerce giant’s stock after purchasing an additional 2,223 shares during the quarter. Groesbeck Investment Management Corp NJ’s holdings in Amazon.com were worth $249,000 at the end of the most recent quarter.

Other hedge funds have also recently added to or reduced their stakes in the company. Elkhorn Partners Limited Partnership increased its holdings in shares of Amazon.com by 800.0% in the 1st quarter. Elkhorn Partners Limited Partnership now owns 18 shares of the e-commerce giant’s stock valued at $59,000 after acquiring an additional 16 shares during the period. Dravo Bay LLC purchased a new stake in Amazon.com during the first quarter worth about $72,000. Your Advocates Ltd. LLP increased its holdings in Amazon.com by 28.0% in the first quarter. Your Advocates Ltd. LLP now owns 32 shares of the e-commerce giant’s stock valued at $104,000 after buying an additional 7 shares in the last quarter. FNY Investment Advisers LLC boosted its stake in shares of Amazon.com by 3,900.0% during the 1st quarter. FNY Investment Advisers LLC now owns 40 shares of the e-commerce giant’s stock worth $130,000 after acquiring an additional 39 shares in the last quarter. Finally, Cordant Inc. purchased a new position in Amazon.com in the 1st quarter valued at approximately $150,000. Hedge funds and other institutional investors own 57.15% of the company’s stock.

Insider Buying and Selling

In other Amazon.com news, CEO Andrew R. Jassy sold 23,620 shares of the firm’s stock in a transaction on Monday, August 15th. The stock was sold at an average price of $142.29, for a total value of $3,360,889.80. Following the sale, the chief executive officer now directly owns 1,892,000 shares in the company, valued at $269,212,680. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. In other news, SVP David Zapolsky sold 10,480 shares of Amazon.com stock in a transaction that occurred on Tuesday, August 16th. The stock was sold at an average price of $145.01, for a total transaction of $1,519,704.80. Following the sale, the senior vice president now owns 60,260 shares of the company’s stock, valued at $8,738,302.60. The transaction was disclosed in a filing with the SEC, which is accessible through this link. Also, CEO Andrew R. Jassy sold 23,620 shares of the stock in a transaction that occurred on Monday, August 15th. The stock was 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 of the company’s stock, valued at $269,212,680. The disclosure for this sale can be found here. Insiders sold a total of 322,013 shares of company stock worth $15,858,230 in the last three months. 12.70% of the stock is owned by insiders.

Analyst Upgrades and Downgrades

AMZN has been the subject of several research reports. Morgan Stanley cut their price target on Amazon.com from $175.00 to $140.00 and set an “overweight” rating for the company in a research note on Friday, October 28th. Itau BBA Securities began coverage on Amazon.com in a research report on Tuesday, July 26th. They set an “outperform” rating and a $146.00 price objective for the company. Benchmark dropped their price target on Amazon.com from $160.00 to $125.00 and set a “buy” rating for the company in a research report on Friday, October 28th. Telsey Advisory Group decreased their price objective on Amazon.com from $150.00 to $140.00 and set an “outperform” rating on the stock in a research note on Friday, October 28th. Finally, Sanford C. Bernstein cut their target price on shares of Amazon.com from $150.00 to $125.00 and set an “outperform” rating for the company in a research note on Friday, October 28th. Two investment analysts have rated the stock with a sell rating, two have given a hold rating and forty-one have given a buy rating to the company’s stock. According to data from MarketBeat.com, Amazon.com presently has an average rating of “Moderate Buy” and a consensus target price of $151.91.

Amazon.com Trading Up 4.3 %

NASDAQ AMZN opened at $100.79 on Friday. The company’s fifty day simple moving average is $113.93 and its 200-day simple moving average is $118.35. The stock has a market cap of $1.03 trillion, a P/E ratio of 92.51, a PEG ratio of 6.84 and a beta of 1.23. Amazon.com, Inc. has a 52 week low of $85.87 and a 52 week high of $188.11. The company has a current ratio of 0.94, a quick ratio of 0.68 and a debt-to-equity ratio of 0.43.

Amazon.com (NASDAQ:AMZNGet Rating) last issued its quarterly earnings data on Thursday, October 27th. The e-commerce giant reported $0.28 EPS for the quarter, topping analysts’ consensus estimates of $0.22 by $0.06. Amazon.com had a net margin of 2.25% and a return on equity of 14.44%. The firm had revenue of $127.10 billion for the quarter, compared to analyst estimates of $127.47 billion. During the same quarter in the previous year, the business posted $0.31 EPS. The firm’s revenue was up 14.7% compared to the same quarter last year. Equities research analysts predict that Amazon.com, Inc. will post 0.62 EPS for the current fiscal year.

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.

Further Reading

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

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