Allen Investment Management LLC Has $270.44 Million Stake in Amazon.com, Inc. (NASDAQ:AMZN)

Allen Investment Management LLC increased its stake in Amazon.com, Inc. (NASDAQ:AMZN) by 0.1% during the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 2,618,287 shares of the e-commerce giant’s stock after purchasing an additional 1,684 shares during the period. Amazon.com makes up approximately 4.5% of Allen Investment Management LLC’s portfolio, making the stock its 7th biggest holding. Allen Investment Management LLC’s holdings in Amazon.com were worth $270,443,000 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. St. James Investment Advisors LLC increased its position in shares of Amazon.com by 97.7% during the 4th quarter. St. James Investment Advisors LLC now owns 344 shares of the e-commerce giant’s stock valued at $29,000 after purchasing an additional 170 shares during the last quarter. Laurel Wealth Planning LLC boosted its stake in Amazon.com by 1,900.0% in the second quarter. Laurel Wealth Planning LLC now owns 320 shares of the e-commerce giant’s stock worth $34,000 after buying an additional 304 shares in the last quarter. Sanctuary Wealth Management L.L.C. purchased a new position in shares of Amazon.com during the fourth quarter worth approximately $37,000. Swaine & Leidel Wealth Services LLC bought a new stake in shares of Amazon.com in the 1st quarter worth approximately $38,000. Finally, Ruedi Wealth Management Inc. purchased a new stake in shares of Amazon.com in the 4th quarter valued at $40,000. 57.96% of the stock is owned by hedge funds and other institutional investors.

Insider Buying and Selling

In other Amazon.com news, VP Shelley Reynolds sold 3,100 shares of the company’s stock in a transaction that occurred on Monday, August 21st. The shares were sold at an average price of $133.87, for a total value of $414,997.00. Following the completion of the transaction, the vice president now directly owns 119,780 shares in the company, valued at $16,034,948.60. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. In other Amazon.com news, CEO Adam Selipsky sold 500 shares of the firm’s stock in a transaction dated Tuesday, June 6th. The stock was sold at an average price of $126.27, for a total transaction of $63,135.00. Following the sale, the chief executive officer now directly owns 152,780 shares of the company’s stock, valued at $19,291,530.60. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, VP Shelley Reynolds sold 3,100 shares of the company’s stock in a transaction dated Monday, August 21st. The stock was sold at an average price of $133.87, for a total value of $414,997.00. Following the completion of the transaction, the vice president now directly owns 119,780 shares of the company’s stock, valued at approximately $16,034,948.60. The disclosure for this sale can be found here. In the last ninety days, insiders sold 1,362,329 shares of company stock valued at $48,508,072. 12.70% of the stock is owned by corporate insiders.

Amazon.com Trading Up 0.1 %

Shares of Amazon.com stock opened at $138.12 on Friday. The company has a debt-to-equity ratio of 0.37, a current ratio of 0.95 and a quick ratio of 0.70. The stock has a market capitalization of $1.43 trillion, a PE ratio of 108.76, a P/E/G ratio of 1.76 and a beta of 1.26. Amazon.com, Inc. has a 1-year low of $81.43 and a 1-year high of $143.63. The company’s fifty day simple moving average is $132.90 and its 200-day simple moving average is $116.05.

Amazon.com (NASDAQ:AMZN) last released its quarterly earnings results on Thursday, August 3rd. The e-commerce giant reported $0.63 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.34 by $0.29. Amazon.com had a return on equity of 9.14% and a net margin of 2.43%. The business had revenue of $134.38 billion during the quarter, compared to analyst estimates of $131.54 billion. As a group, equities analysts anticipate that Amazon.com, Inc. will post 2.23 earnings per share for the current year.

Analysts Set New Price Targets

Several analysts have issued reports on AMZN shares. Mizuho upped their price target on shares of Amazon.com from $160.00 to $180.00 and gave the company a “buy” rating in a research report on Friday, August 4th. Telsey Advisory Group boosted their price objective on Amazon.com from $145.00 to $160.00 and gave the company an “outperform” rating in a research report on Friday, August 4th. Canaccord Genuity Group raised their target price on shares of Amazon.com from $160.00 to $170.00 and gave the stock a “buy” rating in a report on Friday, August 4th. Piper Jaffray Companies lifted their target price on shares of Amazon.com from $130.00 to $150.00 and gave the stock an “overweight” rating in a research note on Wednesday, June 7th. Finally, Robert W. Baird increased their price target on shares of Amazon.com from $150.00 to $155.00 and gave the company an “outperform” rating in a research report on Friday, August 4th. Two research analysts have rated the stock with a hold rating and forty-eight have issued a buy rating to the company’s stock. According to data from MarketBeat, Amazon.com currently has a consensus rating of “Moderate Buy” and an average target price of $160.87.

About Amazon.com

Amazon.com, Inc engages in the retail sale of consumer products and subscriptions through online and physical stores in North America and internationally. It operates through three segments: North America, International, and Amazon Web Services (AWS). The company's products offered through its stores include merchandise and content purchased for resale; and products offered by third-party sellers.