Ballast Advisors LLC Increases Position in Amazon.com, Inc. (NASDAQ:AMZN)

Ballast Advisors LLC lifted its holdings in Amazon.com, Inc. (NASDAQ:AMZN) by 2.7% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 17,983 shares of the e-commerce giant’s stock after purchasing an additional 470 shares during the period. Amazon.com comprises about 1.0% of Ballast Advisors LLC’s portfolio, making the stock its 19th largest holding. Ballast Advisors LLC’s holdings in Amazon.com were worth $2,032,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently modified their holdings of AMZN. FORA Capital LLC increased its stake in Amazon.com by 717.7% during the 3rd quarter. FORA Capital LLC now owns 108,505 shares of the e-commerce giant’s stock worth $12,261,000 after buying an additional 95,236 shares in the last quarter. Maryland Capital Management increased its stake in Amazon.com by 6.2% during the 3rd quarter. Maryland Capital Management now owns 481,042 shares of the e-commerce giant’s stock worth $54,358,000 after buying an additional 27,889 shares in the last quarter. Grand Jean Capital Management Inc. increased its stake in Amazon.com by 67.1% during the 3rd quarter. Grand Jean Capital Management Inc. now owns 142,971 shares of the e-commerce giant’s stock worth $16,156,000 after buying an additional 57,411 shares in the last quarter. Smith Moore & CO. increased its stake in Amazon.com by 7.6% during the 3rd quarter. Smith Moore & CO. now owns 30,318 shares of the e-commerce giant’s stock worth $3,426,000 after buying an additional 2,146 shares in the last quarter. Finally, Park Presidio Capital LLC increased its stake in Amazon.com by 0.5% during the 3rd quarter. Park Presidio Capital LLC now owns 425,480 shares of the e-commerce giant’s stock worth $48,079,000 after buying an additional 2,080 shares in the last quarter. Hedge funds and other institutional investors own 57.64% of the company’s stock.

Insiders Place Their Bets

In other Amazon.com news, CEO Douglas J. Herrington sold 4,000 shares of the firm’s stock in a transaction dated Monday, February 6th. The stock was sold at an average price of $102.90, for a total transaction of $411,600.00. Following the transaction, the chief executive officer now owns 529,435 shares of the company’s stock, valued at $54,478,861.50. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. In other news, CEO Adam Selipsky sold 5,100 shares of the stock in a transaction dated Thursday, February 2nd. The shares were sold at an average price of $111.43, for a total transaction of $568,293.00. Following the completion of the sale, the chief executive officer now owns 124,180 shares in the company, valued at $13,837,377.40. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. Also, CEO Douglas J. Herrington sold 4,000 shares of the stock in a transaction dated Monday, February 6th. The stock was sold at an average price of $102.90, for a total transaction of $411,600.00. Following the sale, the chief executive officer now owns 529,435 shares of the company’s stock, valued at approximately $54,478,861.50. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 71,394 shares of company stock valued at $6,994,626. 12.70% of the stock is currently owned by insiders.

Analysts Set New Price Targets

AMZN has been the subject of a number of analyst reports. Morgan Stanley upped their price target on Amazon.com from $140.00 to $150.00 and gave the company an “overweight” rating in a research report on Friday, February 3rd. Wolfe Research upped their price target on Amazon.com from $115.00 to $130.00 in a research report on Friday, February 3rd. Cowen upped their price objective on Amazon.com from $140.00 to $150.00 and gave the company an “outperform” rating in a report on Friday, February 3rd. New Street Research began coverage on Amazon.com in a report on Wednesday, January 4th. They issued a “buy” rating and a $130.00 price objective on the stock. Finally, DA Davidson upped their price objective on Amazon.com from $114.00 to $134.00 and gave the company a “buy” rating in a report on Friday, February 3rd. Two investment analysts have rated the stock with a sell rating, three have assigned a hold rating and forty-one have issued a buy rating to the company. According to MarketBeat.com, Amazon.com presently has a consensus rating of “Moderate Buy” and a consensus target price of $144.87.

Amazon.com Stock Performance

Shares of AMZN stock opened at $94.90 on Monday. The stock’s 50-day moving average is $94.93 and its two-hundred day moving average is $104.09. The firm has a market cap of $972.46 billion, a price-to-earnings ratio of -354.09, a PEG ratio of 3.91 and a beta of 1.25. Amazon.com, Inc. has a 1 year low of $81.43 and a 1 year high of $170.83. The company has a debt-to-equity ratio of 0.46, a quick ratio of 0.72 and a current ratio of 0.94.

Amazon.com (NASDAQ:AMZN – Get Rating) last issued its quarterly earnings data on Thursday, February 2nd. The e-commerce giant reported $0.03 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.15 by ($0.12). The firm had revenue of $149.20 billion for the quarter, compared to analysts’ expectations of $145.72 billion. Amazon.com had a positive return on equity of 5.33% and a negative net margin of 0.53%. The business’s revenue for the quarter was up 8.6% compared to the same quarter last year. During the same period in the previous year, the business posted $1.39 EPS. Analysts predict that Amazon.com, Inc. will post 1.34 earnings per share for the current year.

Amazon.com Company Profile

(Get Rating)

Amazon.com, Inc is a multinational technology company, which engages in the provision of online retail shopping services. It operates through the following segments: North America, International, and Amazon Web Services (AWS). The North America segment is involved in the retail sales of consumer products including from sellers and subscriptions through North America-focused online and physical stores.