Gs Investments Inc. Has $4.83 Million Stock Holdings in Amazon.com, Inc. (NASDAQ:AMZN)

Gs Investments Inc. grew its holdings in Amazon.com, Inc. (NASDAQ:AMZNGet Rating) by 2,218.6% in the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 35,985 shares of the e-commerce giant’s stock after acquiring an additional 34,433 shares during the quarter. Amazon.com accounts for about 2.8% of Gs Investments Inc.’s investment portfolio, making the stock its 8th largest holding. Gs Investments Inc.’s holdings in Amazon.com were worth $4,828,000 at the end of the most recent quarter.

Several other large investors also recently modified their holdings of AMZN. Elkhorn Partners Limited Partnership grew its holdings in shares of Amazon.com by 800.0% during the first quarter. Elkhorn Partners Limited Partnership now owns 18 shares of the e-commerce giant’s stock worth $59,000 after buying an additional 16 shares in the last quarter. Dravo Bay LLC bought a new position in shares of Amazon.com during the first quarter worth about $72,000. Cordant Inc. bought a new position in shares of Amazon.com during the first quarter worth about $150,000. Moisand Fitzgerald Tamayo LLC grew its holdings in shares of Amazon.com by 36.1% during the first quarter. Moisand Fitzgerald Tamayo LLC now owns 49 shares of the e-commerce giant’s stock worth $160,000 after buying an additional 13 shares in the last quarter. Finally, Evolution Advisers Inc. grew its holdings in shares of Amazon.com by 900.0% during the first quarter. Evolution Advisers Inc. now owns 50 shares of the e-commerce giant’s stock worth $162,000 after buying an additional 45 shares in the last quarter. 57.15% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

Several brokerages recently commented on AMZN. StockNews.com began coverage on Amazon.com in a research report on Wednesday, October 12th. They set a “hold” rating for the company. Barclays reduced their price target on Amazon.com from $200.00 to $140.00 and set an “overweight” rating for the company in a research report on Friday, October 28th. JMP Securities reduced their price target on Amazon.com from $150.00 to $140.00 and set an “outperform” rating for the company in a research report on Friday, October 28th. Sanford C. Bernstein cut their price objective on Amazon.com from $150.00 to $125.00 and set an “outperform” rating for the company in a research report on Friday, October 28th. Finally, JPMorgan Chase & Co. cut their price objective on Amazon.com from $175.00 to $145.00 and set an “overweight” rating for the company in a research report on Friday, October 28th. Two research analysts have rated the stock with a sell rating, three have issued a hold rating and forty-two have assigned a buy rating to the company’s stock. According to MarketBeat, Amazon.com currently has a consensus rating of “Moderate Buy” and an average target price of $150.77.

Amazon.com Stock Up 0.8 %

Shares of AMZN opened at $93.20 on Wednesday. The company has a market capitalization of $950.79 billion, a PE ratio of 85.54, a PEG ratio of 6.29 and a beta of 1.23. Amazon.com, Inc. has a 12 month low of $85.87 and a 12 month high of $181.68. The stock’s 50-day moving average price is $109.13 and its two-hundred day moving average price is $116.76. 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 (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 analysts’ consensus estimates of $0.22 by $0.06. The company had revenue of $127.10 billion for 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% compared to the same quarter last year. During the same period in the previous year, the business earned $0.31 EPS. On average, analysts anticipate that Amazon.com, Inc. will post 0.74 EPS for the current year.

Insider Activity

In other news, CEO Adam Selipsky sold 520 shares of the business’s stock in a transaction dated Thursday, September 29th. The stock was sold at an average price of $114.61, for a total value of $59,597.20. Following the transaction, the chief executive officer now directly owns 114,660 shares of the company’s stock, valued at approximately $13,141,182.60. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. In related news, CEO Douglas J. Herrington sold 15,787 shares of the business’s stock in a transaction dated Tuesday, November 15th. The stock was sold at an average price of $103.10, for a total value of $1,627,639.70. Following the completion of the sale, the chief executive officer now directly owns 522,251 shares of the company’s stock, valued at approximately $53,844,078.10. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, CEO Adam Selipsky sold 520 shares of the company’s stock in a transaction that occurred on Thursday, September 29th. The shares were sold at an average price of $114.61, for a total value of $59,597.20. Following the completion of the transaction, the chief executive officer now directly owns 114,660 shares of the company’s stock, valued at $13,141,182.60. The disclosure for this sale can be found here. Insiders have sold 269,412 shares of company stock valued at $7,914,139 in the last ninety days. 12.70% of the stock is owned by company insiders.

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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