Amazon.com, Inc. (NASDAQ:AMZN) Shares Acquired by Bartlett & Co. LLC

Bartlett & Co. LLC boosted its holdings in Amazon.com, Inc. (NASDAQ:AMZN) by 2,088.4% during the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 656,337 shares of the e-commerce giant’s stock after acquiring an additional 626,346 shares during the period. Amazon.com accounts for about 1.4% of Bartlett & Co. LLC’s investment portfolio, making the stock its 19th largest position. Bartlett & Co. LLC’s holdings in Amazon.com were worth $69,710,000 as of its most recent SEC filing.

A number of other large investors have also recently added to or reduced their stakes in AMZN. Savior LLC lifted its holdings in Amazon.com by 1,085.0% in the 2nd quarter. Savior LLC now owns 237 shares of the e-commerce giant’s stock valued at $25,000 after purchasing an additional 217 shares in the last quarter. Rocky Mountain Advisers LLC lifted its holdings in Amazon.com by 1,311.8% in the 2nd quarter. Rocky Mountain Advisers LLC now owns 240 shares of the e-commerce giant’s stock valued at $25,000 after purchasing an additional 223 shares in the last quarter. Maryland Capital Advisors Inc. lifted its holdings in Amazon.com by 1,900.0% in the 2nd quarter. Maryland Capital Advisors Inc. now owns 300 shares of the e-commerce giant’s stock valued at $32,000 after purchasing an additional 285 shares in the last quarter. West Financial Advisors LLC lifted its holdings in Amazon.com by 1,584.2% in the 2nd quarter. West Financial Advisors LLC now owns 320 shares of the e-commerce giant’s stock valued at $34,000 after purchasing an additional 301 shares in the last quarter. Finally, Swaine & Leidel Wealth Services LLC purchased a new position in Amazon.com in the 1st quarter valued at about $38,000. 57.15% of the stock is owned by institutional investors and hedge funds.

Insider Buying and Selling at Amazon.com

In other news, CEO Adam Selipsky sold 520 shares of the company’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 transaction, the chief executive officer now owns 115,680 shares of the company’s stock, valued at $14,741,102.40. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. In other Amazon.com news, CEO Adam Selipsky sold 520 shares of the 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 completion of the sale, the chief executive officer now directly owns 115,680 shares in the company, valued at $14,741,102.40. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, VP Shelley Reynolds sold 3,480 shares of the stock in a transaction dated Monday, August 22nd. The stock was sold at an average price of $134.23, for a total value of $467,120.40. Following the transaction, the vice president now owns 119,780 shares of the company’s stock, valued at $16,078,069.40. The disclosure for this sale can be found here. Insiders have sold 287,913 shares of company stock worth $10,977,635 over the last three months. Company insiders own 12.70% of the company’s stock.

Amazon.com Trading Up 0.5 %

Shares of AMZN opened at $98.94 on Wednesday. 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 1-year low of $85.87 and a 1-year high of $188.11. The business’s 50-day moving average price is $112.81 and its 200 day moving average price is $117.71. The stock has a market capitalization of $1.01 trillion, a P/E ratio of 90.81, a P/E/G ratio of 8.01 and a beta of 1.23.

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

Wall Street Analyst Weigh In

A number of research analysts have issued reports on the stock. DA Davidson reduced their target price on shares of Amazon.com from $151.00 to $114.00 and set a “buy” rating on the stock in a report on Friday, October 28th. Credit Suisse Group cut their price objective on shares of Amazon.com from $159.00 to $142.00 and set an “outperform” rating on the stock in a report on Friday, October 28th. Sanford C. Bernstein cut their price objective on shares of Amazon.com from $150.00 to $125.00 and set an “outperform” rating on the stock in a report on Friday, October 28th. MKM Partners cut their price objective on shares of Amazon.com to $145.00 in a report on Tuesday, November 1st. Finally, Itau BBA Securities started coverage on shares of Amazon.com in a report on Tuesday, July 26th. They set an “outperform” rating and a $146.00 price objective on the stock. Two research analysts have rated the stock with a sell rating, two have given a hold rating and forty-two have issued a buy rating to the company. According to MarketBeat.com, Amazon.com currently has a consensus rating of “Moderate Buy” and an average price target of $150.89.

About Amazon.com

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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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