Centaurus Financial Inc. Boosts Stock Holdings in Amazon.com, Inc. (NASDAQ:AMZN)

Centaurus Financial Inc. lifted its holdings in Amazon.com, Inc. (NASDAQ:AMZNGet Rating) by 2,223.2% during the second quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 98,529 shares of the e-commerce giant’s stock after buying an additional 94,288 shares during the period. Amazon.com comprises 1.0% of Centaurus Financial Inc.’s holdings, making the stock its 10th largest holding. Centaurus Financial Inc.’s holdings in Amazon.com were worth $10,465,000 as of its most recent SEC filing.

A number of other large investors have also recently made changes to their positions in the business. Lincoln National Corp increased its holdings in shares of Amazon.com by 2,069.0% in the 2nd quarter. Lincoln National Corp now owns 236,704 shares of the e-commerce giant’s stock worth $25,140,000 after buying an additional 225,791 shares during the last quarter. Private Wealth Partners LLC increased its holdings in shares of Amazon.com by 1,854.8% in the 2nd quarter. Private Wealth Partners LLC now owns 380,695 shares of the e-commerce giant’s stock worth $40,434,000 after buying an additional 361,220 shares during the last quarter. MUFG Americas Holdings Corp increased its holdings in shares of Amazon.com by 1,872.1% in the 2nd quarter. MUFG Americas Holdings Corp now owns 627,295 shares of the e-commerce giant’s stock worth $66,625,000 after buying an additional 595,486 shares during the last quarter. Mitsubishi UFJ Morgan Stanley Securities Co. Ltd. boosted its stake in shares of Amazon.com by 1,900.0% during the 2nd quarter. Mitsubishi UFJ Morgan Stanley Securities Co. Ltd. now owns 1,600 shares of the e-commerce giant’s stock worth $170,000 after purchasing an additional 1,520 shares during the period. Finally, Shilanski & Associates Inc. boosted its stake in shares of Amazon.com by 1,883.4% during the 2nd quarter. Shilanski & Associates Inc. now owns 4,542 shares of the e-commerce giant’s stock worth $482,000 after purchasing an additional 4,313 shares during the period. 57.15% of the stock is currently owned by institutional investors.

Insider Activity

In other news, major shareholder Amazon Com Inc sold 250,000 shares of the company’s stock in a transaction on Friday, October 7th. The shares were sold at an average price of $23.61, for a total value of $5,902,500.00. Following the sale, the insider now directly owns 14,178,445 shares of the company’s stock, valued at approximately $334,753,086.45. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. In related news, CEO Douglas J. Herrington sold 7,448 shares of the stock in a transaction 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 sale, the chief executive officer now directly owns 498,572 shares of the company’s stock, valued at $66,933,291. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. Also, major shareholder Amazon Com Inc sold 250,000 shares of the stock in a transaction on Friday, October 7th. The stock was sold at an average price of $23.61, for a total transaction of $5,902,500.00. Following the sale, the insider now directly owns 14,178,445 shares in the company, valued at $334,753,086.45. The disclosure for this sale can be found here. Insiders have sold 287,913 shares of company stock valued at $10,977,635 in the last ninety days. Insiders own 12.70% of the company’s stock.

Wall Street Analyst Weigh In

A number of equities analysts recently commented on AMZN shares. Needham & Company LLC dropped their price target on shares of Amazon.com from $175.00 to $120.00 and set a “buy” rating for the company in a research note on Friday, October 28th. Benchmark dropped their price target on shares of Amazon.com from $160.00 to $125.00 and set a “buy” rating for the company in a research note on Friday, October 28th. Bank of America dropped their price target on shares of Amazon.com from $157.00 to $137.00 and set a “buy” rating for the company in a research note on Friday, October 28th. Monness Crespi & Hardt dropped their price target on shares of Amazon.com from $172.00 to $136.00 and set a “buy” rating for the company in a research note on Friday, October 28th. Finally, MKM Partners lowered their price objective on shares of Amazon.com to $145.00 in a research report on Tuesday, November 1st. Two research analysts have rated the stock with a sell rating, two have issued a hold rating and forty-one have given a buy rating to the company. Based on data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average price target of $151.59.

Amazon.com Trading Down 2.3 %

Shares of Amazon.com stock opened at $98.49 on Tuesday. 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, Inc. has a 12-month low of $85.87 and a 12-month high of $188.11. The firm has a market capitalization of $1.00 trillion, a price-to-earnings ratio of 90.40, a PEG ratio of 8.00 and a beta of 1.23. The firm’s 50 day simple moving average is $113.35 and its two-hundred day simple moving average is $117.88.

Amazon.com (NASDAQ:AMZNGet Rating) last released its quarterly earnings data on Thursday, October 27th. The e-commerce giant reported $0.28 EPS for the quarter, beating the consensus estimate of $0.22 by $0.06. The business had revenue of $127.10 billion for the quarter, compared to the consensus estimate of $127.47 billion. Amazon.com had a net margin of 2.25% and a return on equity of 14.44%. The business’s revenue for the quarter was up 14.7% on a year-over-year basis. During the same period in the prior year, the firm earned $0.31 EPS. Analysts predict that Amazon.com, Inc. will post 0.62 EPS for the current year.

About Amazon.com

(Get Rating)

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

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

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