Amazon.com, Inc. (NASDAQ:AMZN) Shares Bought by CX Institutional

CX Institutional lifted its position in Amazon.com, Inc. (NASDAQ:AMZN) by 1,879.8% in the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 25,420 shares of the e-commerce giant’s stock after acquiring an additional 24,136 shares during the quarter. CX Institutional’s holdings in Amazon.com were worth $2,700,000 as of its most recent SEC filing.

Several other hedge funds also recently made changes to their positions in the company. Calton & Associates Inc. boosted its position in Amazon.com by 2.6% during the 1st quarter. Calton & Associates Inc. now owns 866 shares of the e-commerce giant’s stock valued at $2,823,000 after purchasing an additional 22 shares during the period. Kavar Capital Partners Group LLC boosted its position in Amazon.com by 7.6% during the 1st quarter. Kavar Capital Partners Group LLC now owns 1,121 shares of the e-commerce giant’s stock valued at $3,654,000 after purchasing an additional 79 shares during the period. IFM Investors Pty Ltd boosted its position in Amazon.com by 21.8% during the 1st quarter. IFM Investors Pty Ltd now owns 72,911 shares of the e-commerce giant’s stock valued at $237,686,000 after purchasing an additional 13,060 shares during the period. LexAurum Advisors LLC boosted its position in Amazon.com by 10.7% during the 1st quarter. LexAurum Advisors LLC now owns 827 shares of the e-commerce giant’s stock valued at $2,696,000 after purchasing an additional 80 shares during the period. Finally, Ironwood Wealth Management LLC. boosted its position in Amazon.com by 0.8% during the 1st quarter. Ironwood Wealth Management LLC. now owns 1,810 shares of the e-commerce giant’s stock valued at $5,901,000 after purchasing an additional 15 shares during the period. Institutional investors and hedge funds own 57.15% of the company’s stock.

Insider Transactions at Amazon.com

In related news, VP Shelley Reynolds sold 3,480 shares of the business’s stock in a transaction dated Monday, August 22nd. The stock was sold at an average price of $134.23, for a total transaction of $467,120.40. Following the completion of the transaction, the vice president now owns 119,780 shares of the company’s stock, valued at approximately $16,078,069.40. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. In related news, CEO Adam Selipsky sold 520 shares of the business’s stock in a transaction dated Wednesday, September 14th. The stock was sold at an average price of $127.43, for a total transaction of $66,263.60. Following the completion of the transaction, the chief executive officer now owns 115,680 shares of the company’s stock, valued at approximately $14,741,102.40. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, VP Shelley Reynolds sold 3,480 shares of the business’s 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 directly owns 119,780 shares of the company’s stock, valued at approximately $16,078,069.40. The disclosure for this sale can be found here. In the last quarter, insiders sold 305,420 shares of company stock worth $12,769,879. 12.70% of the stock is owned by corporate insiders.

Amazon.com Stock Performance

AMZN opened at $94.85 on Friday. The company has a market cap of $967.63 billion, a PE ratio of 87.06, a price-to-earnings-growth ratio of 7.86 and a beta of 1.23. The stock has a 50-day moving average of $111.46 and a 200-day moving average of $117.40. Amazon.com, Inc. has a 52-week low of $85.87 and a 52-week high of $188.11. The company has a debt-to-equity ratio of 0.43, a quick ratio of 0.68 and a current ratio of 0.94.

Amazon.com (NASDAQ:AMZNGet Rating) last released its quarterly earnings results on Thursday, October 27th. The e-commerce giant reported $0.28 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.22 by $0.06. The company had revenue of $127.10 billion during the quarter, compared to the consensus estimate of $127.47 billion. Amazon.com had a return on equity of 14.44% and a net margin of 2.25%. The firm’s revenue was up 14.7% on a year-over-year basis. During the same quarter in the prior year, the company posted $0.31 EPS. As a group, equities research analysts forecast that Amazon.com, Inc. will post 0.62 earnings per share for the current fiscal year.

Analysts Set New Price Targets

A number of research analysts recently issued reports on the company. Cowen reduced their price objective on Amazon.com from $195.00 to $150.00 and set an “outperform” rating for the company in a research report on Friday, October 28th. StockNews.com assumed coverage on Amazon.com in a research note on Wednesday, October 12th. They set a “hold” rating on the stock. JPMorgan Chase & Co. cut their target price on Amazon.com from $175.00 to $145.00 and set an “overweight” rating on the stock in a research note on Friday, October 28th. Credit Suisse Group cut their target price on Amazon.com from $159.00 to $142.00 and set an “outperform” rating on the stock in a research note on Friday, October 28th. Finally, Itau BBA Securities assumed coverage on Amazon.com in a research note on Tuesday, July 26th. They set an “outperform” rating and a $146.00 target price on the stock. Two equities research 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 company presently has a consensus rating of “Moderate Buy” and a consensus target price 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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