Miramar Capital LLC Purchases 6,240 Shares of Amazon.com, Inc. (NASDAQ:AMZN)

Miramar Capital LLC raised its position in shares of Amazon.com, Inc. (NASDAQ:AMZN) by 1,642.1% during the 2nd quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 6,620 shares of the e-commerce giant’s stock after acquiring an additional 6,240 shares during the quarter. Miramar Capital LLC’s holdings in Amazon.com were worth $703,000 at the end of the most recent quarter.

Several other large investors have also bought and sold shares of the company. First National Trust Co boosted its position in Amazon.com by 1,951.6% during the 2nd quarter. First National Trust Co now owns 321,131 shares of the e-commerce giant’s stock valued at $34,108,000 after acquiring an additional 305,478 shares in the last quarter. AR Asset Management Inc. lifted its holdings in shares of Amazon.com by 1,908.7% during the second quarter. AR Asset Management Inc. now owns 9,260 shares of the e-commerce giant’s stock valued at $984,000 after purchasing an additional 8,799 shares during the last quarter. Encompass Wealth Advisors LLC lifted its holdings in shares of Amazon.com by 2,204.2% during the second quarter. Encompass Wealth Advisors LLC now owns 20,830 shares of the e-commerce giant’s stock valued at $2,212,000 after purchasing an additional 19,926 shares during the last quarter. EdgeRock Capital LLC purchased a new position in shares of Amazon.com during the second quarter valued at approximately $282,000. Finally, Saybrook Capital NC lifted its holdings in shares of Amazon.com by 1,959.5% during the second quarter. Saybrook Capital NC now owns 27,000 shares of the e-commerce giant’s stock valued at $2,868,000 after purchasing an additional 25,689 shares during the last quarter. 57.15% of the stock is owned by institutional investors.

Insider Buying and Selling

In related news, major shareholder Amazon Com Inc sold 250,000 shares of the company’s stock in a transaction on Friday, October 7th. The shares were sold at an average price of $23.61, for a total value of $5,902,500.00. Following the completion of the transaction, the insider now owns 14,178,445 shares of the company’s stock, valued at approximately $334,753,086.45. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. In other Amazon.com news, CEO Adam Selipsky sold 520 shares of the stock in a transaction dated Thursday, September 29th. The shares were sold at an average price of $114.61, for a total transaction of $59,597.20. Following the completion of the transaction, the chief executive officer now owns 114,660 shares of the company’s stock, valued at approximately $13,141,182.60. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, major shareholder Amazon Com Inc sold 250,000 shares of the stock in a transaction dated Friday, October 7th. The shares were sold at an average price of $23.61, for a total transaction of $5,902,500.00. Following the transaction, the insider now directly owns 14,178,445 shares of the company’s stock, valued at approximately $334,753,086.45. The disclosure for this sale can be found here. In the last quarter, insiders sold 269,412 shares of company stock valued at $7,914,139. Company insiders own 12.70% of the company’s stock.

Analyst Upgrades and Downgrades

AMZN has been the subject of several recent research reports. Telsey Advisory Group lowered their target price on shares of Amazon.com from $150.00 to $140.00 and set an “outperform” rating for the company in a report on Friday, October 28th. Erste Group Bank lowered shares of Amazon.com from a “buy” rating to a “hold” rating in a report on Friday, November 18th. Canaccord Genuity Group lifted their target price on shares of Amazon.com from $185.00 to $200.00 in a report on Friday, July 29th. Rosenblatt Securities lowered their target price on shares of Amazon.com from $118.00 to $103.00 and set a “neutral” rating for the company in a report on Monday, November 14th. Finally, Raymond James decreased their price objective on shares of Amazon.com from $164.00 to $130.00 and set an “outperform” rating for the company in a report on Friday, October 28th. Two research analysts have rated the stock with a sell rating, three have assigned a hold rating and forty-two have assigned a buy rating to the company. According to data from MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus target price of $150.77.

Amazon.com Trading Up 0.8 %

Shares of AMZN stock opened at $93.20 on Wednesday. Amazon.com, Inc. has a 1 year low of $85.87 and a 1 year high of $181.68. The firm has a fifty day moving average price of $109.13 and a 200-day moving average price of $116.76. The company has a debt-to-equity ratio of 0.43, a current ratio of 0.94 and a quick ratio of 0.68. The company has a market cap of $950.79 billion, a price-to-earnings ratio of 85.54, a PEG ratio of 6.29 and a beta of 1.23.

Amazon.com (NASDAQ:AMZNGet Rating) last issued its earnings results on Thursday, October 27th. The e-commerce giant reported $0.28 earnings per share 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 net margin of 2.25% and a return on equity of 14.44%. Amazon.com’s quarterly revenue 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 analysts predict that Amazon.com, Inc. will post 0.74 earnings per share for the current 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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