Amazon.com, Inc. (NASDAQ:AMZN) Shares Bought by Security Asset Management

Security Asset Management grew its holdings in Amazon.com, Inc. (NASDAQ:AMZN) by 1,911.5% in the second quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 49,160 shares of the e-commerce giant’s stock after buying an additional 46,716 shares during the period. Amazon.com accounts for about 2.9% of Security Asset Management’s portfolio, making the stock its 10th biggest holding. Security Asset Management’s holdings in Amazon.com were worth $5,221,000 at the end of the most recent quarter.

A number of other hedge funds also recently made changes to their positions in the business. Emerald Advisors LLC raised its position in shares of Amazon.com by 0.5% during the 1st quarter. Emerald Advisors LLC now owns 831 shares of the e-commerce giant’s stock valued at $2,709,000 after buying an additional 4 shares in the last quarter. Sage Financial Management Group Inc. raised its position in shares of Amazon.com by 6.5% during the 1st quarter. Sage Financial Management Group Inc. now owns 66 shares of the e-commerce giant’s stock valued at $215,000 after buying an additional 4 shares in the last quarter. BlackDiamond Wealth Management Inc. raised its position in shares of Amazon.com by 1.9% during the 1st quarter. BlackDiamond Wealth Management Inc. now owns 217 shares of the e-commerce giant’s stock valued at $707,000 after buying an additional 4 shares in the last quarter. Tandem Capital Management Corp ADV raised its position in shares of Amazon.com by 4.0% during the 1st quarter. Tandem Capital Management Corp ADV now owns 129 shares of the e-commerce giant’s stock valued at $372,000 after buying an additional 5 shares in the last quarter. Finally, BCGM Wealth Management LLC raised its position in shares of Amazon.com by 3.0% during the 1st quarter. BCGM Wealth Management LLC now owns 172 shares of the e-commerce giant’s stock valued at $428,000 after buying an additional 5 shares in the last quarter. 57.15% of the stock is owned by institutional investors and hedge funds.

Amazon.com Stock Down 1.8 %

AMZN stock opened at $97.12 on Thursday. The firm has a market cap of $990.78 billion, a PE ratio of 89.14, a P/E/G ratio of 8.01 and a beta of 1.23. The company has a debt-to-equity ratio of 0.43, a quick ratio of 0.68 and a current ratio of 0.94. The firm’s fifty day moving average is $112.16 and its 200 day moving average is $117.56. Amazon.com, Inc. has a one year low of $85.87 and a one year high of $188.11.

Amazon.com (NASDAQ:AMZNGet Rating) last announced its 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 net margin of 2.25% and a return on equity of 14.44%. The business had revenue of $127.10 billion for the quarter, compared to analyst estimates of $127.47 billion. During the same quarter last year, the business earned $0.31 earnings per share. The company’s revenue for the quarter was up 14.7% compared to the same quarter last year. On average, research analysts forecast that Amazon.com, Inc. will post 0.62 EPS for the current year.

Analyst Ratings Changes

Several equities analysts recently commented on AMZN shares. Cowen cut their price target on shares of Amazon.com from $195.00 to $150.00 and set an “outperform” rating on the stock in a report on Friday, October 28th. Barclays cut their price target on shares of Amazon.com from $200.00 to $140.00 and set an “overweight” rating on the stock in a report on Friday, October 28th. Atlantic Securities cut their price target on shares of Amazon.com from $160.00 to $120.00 and set an “overweight” rating on the stock in a report on Friday, October 28th. Rosenblatt Securities cut their price target on shares of Amazon.com from $118.00 to $103.00 and set a “neutral” rating on the stock in a report on Monday. Finally, Monness Crespi & Hardt dropped their target price on shares of Amazon.com from $172.00 to $136.00 and set a “buy” rating on the stock in a research note on Friday, October 28th. Two analysts have rated the stock with a sell rating, two have issued a hold rating and forty-two have issued a buy rating to the stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $150.89.

Insider Activity

In other news, CEO Douglas J. Herrington sold 7,448 shares of Amazon.com stock in a transaction dated Monday, August 22nd. The shares were sold at an average price of $134.25, for a total value of $999,894.00. Following the sale, the chief executive officer now owns 498,572 shares in the company, valued at $66,933,291. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. In other news, CEO Adam Selipsky sold 520 shares of the firm’s stock in a transaction dated Wednesday, September 14th. The shares were 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 $14,741,102.40. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, CEO Douglas J. Herrington sold 7,448 shares of the firm’s stock in a transaction dated Monday, August 22nd. The stock was sold at an average price of $134.25, for a total transaction of $999,894.00. Following the completion of the transaction, the chief executive officer now directly owns 498,572 shares in the company, valued at $66,933,291. The disclosure for this sale can be found here. Insiders have sold a total of 287,913 shares of company stock worth $10,977,635 over the last 90 days. 12.70% of the stock is currently owned by company insiders.

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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