Pelham Capital Ltd. boosted its position in Amazon.com, Inc. (NASDAQ:AMZN – Free Report) by 29.1% in the second quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 74,904 shares of the e-commerce giant’s stock after purchasing an additional 16,904 shares during the period. Amazon.com accounts for about 7.6% of Pelham Capital Ltd.’s portfolio, making the stock its 4th biggest holding. Pelham Capital Ltd.’s holdings in Amazon.com were worth $16,433,000 at the end of the most recent reporting period.
A number of other institutional investors have also recently made changes to their positions in the stock. Carderock Capital Management Inc. bought a new stake in shares of Amazon.com during the 2nd quarter valued at about $27,000. Cooksen Wealth LLC bought a new stake in shares of Amazon.com during the 1st quarter valued at about $36,000. Inlight Wealth Management LLC bought a new stake in shares of Amazon.com during the 1st quarter valued at about $40,000. Capitol Family Office Inc. bought a new stake in shares of Amazon.com during the 1st quarter valued at about $42,000. Finally, Maryland Capital Advisors Inc. boosted its position in shares of Amazon.com by 81.9% during the 2nd quarter. Maryland Capital Advisors Inc. now owns 211 shares of the e-commerce giant’s stock valued at $46,000 after purchasing an additional 95 shares in the last quarter. Institutional investors own 72.20% of the company’s stock.
Amazon.com Stock Down 0.7%
AMZN stock opened at $213.04 on Friday. Amazon.com, Inc. has a twelve month low of $161.38 and a twelve month high of $242.52. The company has a quick ratio of 0.81, a current ratio of 1.02 and a debt-to-equity ratio of 0.15. The stock’s 50 day moving average is $225.66 and its 200-day moving average is $212.52. The firm has a market capitalization of $2.27 trillion, a PE ratio of 32.48, a P/E/G ratio of 1.42 and a beta of 1.28.
Analysts Set New Price Targets
Several brokerages recently commented on AMZN. Stifel Nicolaus upped their target price on Amazon.com from $245.00 to $262.00 and gave the company a “buy” rating in a research report on Tuesday, July 29th. Wall Street Zen upgraded Amazon.com from a “hold” rating to a “buy” rating in a research report on Saturday, August 2nd. Citizens Jmp started coverage on Amazon.com in a research note on Thursday, July 10th. They set a “strong-buy” rating on the stock. Rosenblatt Securities upped their price target on Amazon.com from $288.00 to $297.00 and gave the stock a “buy” rating in a research note on Friday, August 1st. Finally, BMO Capital Markets upped their price target on Amazon.com from $270.00 to $280.00 and gave the stock an “outperform” rating in a research note on Friday, August 1st. Three equities research analysts have rated the stock with a Strong Buy rating, forty-seven have assigned a Buy rating and one has given a Hold rating to the company. Based on data from MarketBeat, the company currently has a consensus rating of “Buy” and an average price target of $266.26.
Get Our Latest Analysis on AMZN
Insider Activity at Amazon.com
In related news, CFO Brian T. Olsavsky sold 17,750 shares of the stock in a transaction that occurred on Thursday, August 21st. The stock was sold at an average price of $222.74, for a total transaction of $3,953,635.00. Following the completion of the sale, the chief financial officer directly owned 49,000 shares of the company’s stock, valued at approximately $10,914,260. This trade represents a 26.59% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, SVP David Zapolsky sold 13,570 shares of the stock in a transaction that occurred on Friday, August 22nd. The shares were sold at an average price of $222.76, for a total value of $3,022,853.20. Following the sale, the senior vice president directly owned 44,110 shares of the company’s stock, valued at $9,825,943.60. The trade was a 23.53% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 10,864,716 shares of company stock valued at $2,486,013,854 in the last ninety days. Insiders own 9.70% of the company’s stock.
Amazon.com Profile
Amazon.com, Inc engages in the retail sale of consumer products, advertising, and subscriptions service through online and physical stores in North America and internationally. The company operates through three segments: North America, International, and Amazon Web Services (AWS). It also manufactures and sells electronic devices, including Kindle, Fire tablets, Fire TVs, Echo, Ring, Blink, and eero; and develops and produces media content.
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