Novare Capital Management LLC Purchases 4,500 Shares of Amazon.com, Inc. (NASDAQ:AMZN)

Novare Capital Management LLC boosted its position in shares of Amazon.com, Inc. (NASDAQ:AMZN) by 3.7% in the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 125,001 shares of the e-commerce giant’s stock after purchasing an additional 4,500 shares during the period. Amazon.com comprises 1.8% of Novare Capital Management LLC’s holdings, making the stock its 13th largest position. Novare Capital Management LLC’s holdings in Amazon.com were worth $16,295,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds also recently modified their holdings of AMZN. Kavar Capital Partners Group LLC grew its holdings in shares of Amazon.com by 7.6% in the 1st quarter. Kavar Capital Partners Group LLC now owns 1,121 shares of the e-commerce giant’s stock valued at $3,654,000 after acquiring an additional 79 shares in the last quarter. IFM Investors Pty Ltd lifted its stake in Amazon.com by 21.8% in the 1st quarter. IFM Investors Pty Ltd now owns 72,911 shares of the e-commerce giant’s stock valued at $237,686,000 after purchasing an additional 13,060 shares during the last quarter. Ironwood Wealth Management LLC. lifted its stake in Amazon.com by 0.8% in the 1st quarter. Ironwood Wealth Management LLC. now owns 1,810 shares of the e-commerce giant’s stock valued at $5,901,000 after purchasing an additional 15 shares during the last quarter. Markel Corp lifted its position in Amazon.com by 0.6% during the first quarter. Markel Corp now owns 99,068 shares of the e-commerce giant’s stock worth $322,956,000 after acquiring an additional 550 shares during the last quarter. Finally, Leelyn Smith LLC increased its holdings in shares of Amazon.com by 24.8% during the first quarter. Leelyn Smith LLC now owns 2,721 shares of the e-commerce giant’s stock worth $8,870,000 after purchasing an additional 540 shares during the period. Institutional investors own 57.96% of the company’s stock.

Insiders Place Their Bets

In related news, major shareholder Amazon Com Inc sold 1,177,000 shares of the business’s stock in a transaction that occurred on Wednesday, August 9th. The shares were sold at an average price of $19.50, for a total transaction of $22,951,500.00. Following the completion of the sale, the insider now directly owns 12,741,445 shares in the company, valued at $248,458,177.50. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. In other Amazon.com news, CEO Douglas J. Herrington sold 50,000 shares of Amazon.com stock in a transaction that occurred on Friday, August 4th. The shares were sold at an average price of $141.00, for a total transaction of $7,050,000.00. Following the transaction, the chief executive officer now owns 510,301 shares of the company’s stock, valued at $71,952,441. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, major shareholder Amazon Com Inc sold 1,177,000 shares of Amazon.com stock in a transaction that occurred on Wednesday, August 9th. The shares were sold at an average price of $19.50, for a total transaction of $22,951,500.00. Following the transaction, the insider now directly owns 12,741,445 shares in the company, valued at approximately $248,458,177.50. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 1,404,645 shares of company stock valued at $54,674,088. Insiders own 12.70% of the company’s stock.

Analyst Upgrades and Downgrades

A number of analysts have weighed in on the stock. The Goldman Sachs Group decreased their target price on shares of Amazon.com from $180.00 to $175.00 in a research note on Thursday, October 12th. UBS Group cut their price target on shares of Amazon.com from $180.00 to $178.00 and set a “buy” rating on the stock in a report on Tuesday, October 17th. Canaccord Genuity Group boosted their target price on shares of Amazon.com from $160.00 to $170.00 and gave the company a “buy” rating in a report on Friday, August 4th. Rosenblatt Securities boosted their target price on shares of Amazon.com from $184.00 to $185.00 and gave the company a “buy” rating in a report on Friday, October 27th. Finally, Canaccord Genuity Group upped their price objective on shares of Amazon.com from $160.00 to $170.00 and gave the company a “buy” rating in a report on Friday, August 4th. Two research analysts have rated the stock with a hold rating and forty-three have issued a buy rating to the company. According to MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus target price of $169.00.

Amazon.com Trading Up 2.9 %

NASDAQ:AMZN opened at $137.00 on Thursday. The company has a 50-day moving average price of $132.22 and a 200-day moving average price of $126.36. Amazon.com, Inc. has a 12 month low of $81.43 and a 12 month high of $145.86. The company has a current ratio of 0.98, a quick ratio of 0.74 and a debt-to-equity ratio of 0.33. The stock has a market cap of $1.42 trillion, a price-to-earnings ratio of 70.98, a P/E/G ratio of 1.90 and a beta of 1.24.

Amazon.com (NASDAQ:AMZN) last issued its quarterly earnings results on Thursday, August 3rd. The e-commerce giant reported $0.63 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.34 by $0.29. The company had revenue of $134.38 billion during the quarter, compared to analysts’ expectations of $131.54 billion. Amazon.com had a net margin of 3.62% and a return on equity of 12.75%. Equities analysts predict that Amazon.com, Inc. will post 2.45 EPS for the current year.

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.