Sonata Capital Group Inc. Increases Stock Holdings in Amazon.com, Inc. (NASDAQ:AMZN)

Sonata Capital Group Inc. increased its stake in shares of Amazon.com, Inc. (NASDAQ:AMZNGet Rating) by 1,993.0% during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 63,900 shares of the e-commerce giant’s stock after acquiring an additional 60,847 shares during the quarter. Amazon.com comprises approximately 3.5% of Sonata Capital Group Inc.’s holdings, making the stock its 7th largest holding. Sonata Capital Group Inc.’s holdings in Amazon.com were worth $6,787,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also bought and sold shares of the stock. Jennison Associates LLC increased its holdings in Amazon.com by 1,764.2% in the 2nd quarter. Jennison Associates LLC now owns 48,142,889 shares of the e-commerce giant’s stock valued at $5,113,256,000 after buying an additional 45,560,351 shares during the period. Vanguard Group Inc. increased its holdings in Amazon.com by 1.6% in the 1st quarter. Vanguard Group Inc. now owns 33,965,498 shares of the e-commerce giant’s stock valued at $110,725,825,000 after buying an additional 543,744 shares during the period. Sumitomo Mitsui Trust Holdings Inc. increased its holdings in Amazon.com by 1,923.1% in the 2nd quarter. Sumitomo Mitsui Trust Holdings Inc. now owns 27,747,428 shares of the e-commerce giant’s stock valued at $2,947,054,000 after buying an additional 26,375,927 shares during the period. New York State Teachers Retirement System increased its holdings in Amazon.com by 1,895.2% in the 2nd quarter. New York State Teachers Retirement System now owns 10,349,048 shares of the e-commerce giant’s stock valued at $1,099,172,000 after buying an additional 9,830,359 shares during the period. Finally, Brown Advisory Inc. boosted its stake in shares of Amazon.com by 1,644.6% in the 2nd quarter. Brown Advisory Inc. now owns 9,685,141 shares of the e-commerce giant’s stock valued at $1,202,879,000 after purchasing an additional 9,129,976 shares in the last quarter. Institutional investors own 57.15% of the company’s stock.

Insider Activity

In other news, major shareholder Amazon Com Inc sold 250,000 shares of the stock in a transaction that occurred on Friday, October 7th. The stock was sold at an average price of $23.61, for a total value of $5,902,500.00. Following the completion of the sale, the insider now 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 SEC, which is available at this link. In other news, major shareholder Amazon Com Inc sold 250,000 shares of the stock in a transaction that occurred on Friday, October 7th. The stock was sold at an average price of $23.61, for a total value of $5,902,500.00. Following the completion of the sale, the insider now 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 SEC, which is available at this link. Also, CEO Douglas J. Herrington sold 7,448 shares of the stock in a transaction that occurred on Monday, August 22nd. The shares were sold at an average price of $134.25, for a total value of $999,894.00. Following the completion of the sale, the chief executive officer now directly owns 498,572 shares of the company’s stock, valued at approximately $66,933,291. The disclosure for this sale can be found here. In the last 90 days, insiders sold 305,420 shares of company stock valued at $12,769,879. 12.70% of the stock is owned by insiders.

Analyst Ratings Changes

Several brokerages have recently commented on AMZN. Oppenheimer reduced their target price on shares of Amazon.com from $165.00 to $130.00 and set an “outperform” rating on the stock in a research note on Friday, October 28th. Barclays reduced their target price on shares of Amazon.com from $200.00 to $140.00 and set an “overweight” rating on the stock in a research note on Friday, October 28th. Itau BBA Securities initiated coverage on shares of Amazon.com in a research note on Tuesday, July 26th. They issued an “outperform” rating and a $146.00 target price on the stock. Robert W. Baird reduced their price target on shares of Amazon.com from $150.00 to $130.00 and set an “outperform” rating on the stock in a research report on Friday, October 28th. Finally, Cowen cut their target price on shares of Amazon.com from $195.00 to $150.00 and set an “outperform” rating on the stock in a research report on Friday, October 28th. Two equities research analysts have rated the stock with a sell rating, three have assigned a hold rating and forty-two have given a buy rating to the company’s stock. Based on data from MarketBeat, Amazon.com currently has a consensus rating of “Moderate Buy” and a consensus target price of $150.89.

Amazon.com Price Performance

Shares of AMZN opened at $94.14 on Friday. The stock has a market capitalization of $960.38 billion, a P/E ratio of 86.41, a P/E/G ratio of 7.53 and a beta of 1.23. 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 twelve month low of $85.87 and a twelve month high of $188.11. The company has a 50 day moving average of $110.68 and a 200-day moving average of $117.14.

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 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 for the quarter was up 14.7% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $0.31 EPS. As a group, equities research analysts forecast that Amazon.com, Inc. will post 0.62 EPS for the current fiscal year.

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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