Baldwin Investment Management LLC Buys 34,875 Shares of Amazon.com, Inc. (NASDAQ:AMZN)

Baldwin Investment Management LLC increased its stake in Amazon.com, Inc. (NASDAQ:AMZNGet Rating) by 1,895.4% during the second quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 36,715 shares of the e-commerce giant’s stock after purchasing an additional 34,875 shares during the quarter. Amazon.com makes up approximately 0.7% of Baldwin Investment Management LLC’s investment portfolio, making the stock its 20th biggest position. Baldwin Investment Management LLC’s holdings in Amazon.com were worth $3,900,000 as of its most recent filing with the SEC.

A number of other institutional investors also recently bought and sold shares of AMZN. Savior LLC increased its stake in Amazon.com by 1,085.0% in the 2nd quarter. Savior LLC now owns 237 shares of the e-commerce giant’s stock worth $25,000 after buying an additional 217 shares in the last quarter. Rocky Mountain Advisers LLC increased its stake 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 worth $25,000 after buying an additional 223 shares in the last quarter. Maryland Capital Advisors Inc. increased its stake 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 worth $32,000 after buying an additional 285 shares in the last quarter. West Financial Advisors LLC increased its stake 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 worth $34,000 after buying an additional 301 shares in the last quarter. Finally, Swaine & Leidel Wealth Services LLC purchased a new stake in Amazon.com in the 1st quarter worth $38,000. 57.15% of the stock is owned by institutional investors.

Amazon.com Stock Down 1.8 %

AMZN stock opened at $97.12 on Thursday. The stock has a market capitalization of $990.78 billion, a P/E ratio of 89.14, a P/E/G ratio of 8.01 and a beta of 1.23. The firm has a 50-day simple moving average of $112.16 and a 200-day simple moving average of $117.56. The company has a quick ratio of 0.68, a current ratio of 0.94 and a debt-to-equity ratio of 0.43. Amazon.com, Inc. has a 52 week low of $85.87 and a 52 week high of $188.11.

Amazon.com (NASDAQ:AMZNGet Rating) last announced its quarterly earnings data 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 company had revenue of $127.10 billion during the quarter, compared to analysts’ expectations of $127.47 billion. During the same quarter in the prior year, the company earned $0.31 EPS. Amazon.com’s revenue was up 14.7% compared to the same quarter last year. Equities analysts forecast that Amazon.com, Inc. will post 0.62 earnings per share for the current fiscal year.

Insider Activity at Amazon.com

In other news, CEO Adam Selipsky sold 345 shares of the stock in a transaction that occurred on Tuesday, November 1st. The shares were sold at an average price of $102.00, for a total value of $35,190.00. Following the completion of the sale, the chief executive officer now owns 112,795 shares of the company’s stock, valued at approximately $11,505,090. The transaction was disclosed in a filing with the SEC, which is accessible through this link. In other news, CFO Brian T. Olsavsky sold 16,720 shares of the stock in a transaction that occurred on Monday, August 22nd. The shares were sold at an average price of $135.55, for a total value of $2,266,396.00. Following the completion of the sale, the chief financial officer now owns 47,500 shares of the company’s stock, valued at approximately $6,438,625. The transaction was disclosed in a filing with the SEC, which is accessible through this link. Also, CEO Adam Selipsky sold 345 shares of the stock in a transaction that occurred on Tuesday, November 1st. The shares were sold at an average price of $102.00, for a total transaction of $35,190.00. Following the completion of the sale, the chief executive officer now directly owns 112,795 shares of the company’s stock, valued at approximately $11,505,090. The disclosure for this sale can be found here. In the last quarter, insiders sold 287,913 shares of company stock valued at $10,977,635. Corporate insiders own 12.70% of the company’s stock.

Analyst Ratings Changes

AMZN has been the subject of a number of research analyst reports. The Goldman Sachs Group restated a “buy” rating and set a $175.00 price objective on shares of Amazon.com in a research report on Thursday, August 4th. Credit Suisse Group cut their price objective on Amazon.com from $159.00 to $142.00 and set an “outperform” rating for the company in a research report on Friday, October 28th. Tigress Financial cut their price objective on Amazon.com from $232.00 to $192.00 and set a “buy” rating for the company in a research report on Wednesday, November 2nd. Needham & Company LLC cut their price objective on Amazon.com from $175.00 to $120.00 and set a “buy” rating for the company in a research report on Friday, October 28th. Finally, Rosenblatt Securities cut their price objective on Amazon.com from $118.00 to $103.00 and set a “neutral” rating for the company in a research report on Monday. 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 company’s stock. According to MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $150.89.

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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