Moseley Investment Management Inc. Has $10.27 Million Stake in Amazon.com, Inc. $AMZN

Moseley Investment Management Inc. increased its position in Amazon.com, Inc. (NASDAQ:AMZN) by 0.2% in the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 46,807 shares of the e-commerce giant’s stock after purchasing an additional 72 shares during the quarter. Amazon.com makes up 3.5% of Moseley Investment Management Inc.’s portfolio, making the stock its 6th largest holding. Moseley Investment Management Inc.’s holdings in Amazon.com were worth $10,269,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Carderock Capital Management Inc. bought a new position in Amazon.com during the second quarter worth about $27,000. Cooksen Wealth LLC bought a new position in Amazon.com during the first quarter worth about $36,000. Inlight Wealth Management LLC bought a new position in Amazon.com during the first quarter worth about $40,000. Capitol Family Office Inc. bought a new position in shares of Amazon.com during the 1st quarter worth approximately $42,000. Finally, Maryland Capital Advisors Inc. lifted 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 worth $46,000 after buying an additional 95 shares during the period. 72.20% of the stock is owned by institutional investors.

Amazon.com Stock Performance

Shares of AMZN stock opened at $230.30 on Thursday. Amazon.com, Inc. has a one year low of $161.38 and a one year high of $242.52. The company has a debt-to-equity ratio of 0.15, a current ratio of 1.02 and a quick ratio of 0.81. The stock has a market cap of $2.46 trillion, a PE ratio of 35.11, a price-to-earnings-growth ratio of 1.51 and a beta of 1.28. The stock has a 50-day moving average of $225.17 and a 200-day moving average of $215.34.

Amazon.com (NASDAQ:AMZN) last issued its earnings results on Thursday, July 31st. The e-commerce giant reported $1.68 EPS for the quarter, beating the consensus estimate of $1.31 by $0.37. Amazon.com had a net margin of 10.54% and a return on equity of 23.84%. The firm had revenue of $167.70 billion during the quarter, compared to the consensus estimate of $161.80 billion. During the same quarter in the prior year, the firm earned $1.26 earnings per share. The business’s quarterly revenue was up 13.3% on a year-over-year basis. As a group, sell-side analysts expect that Amazon.com, Inc. will post 6.31 earnings per share for the current year.

Insiders Place Their Bets

In related news, VP Shelley Reynolds sold 2,715 shares of the company’s stock in a transaction on Thursday, August 21st. The shares were sold at an average price of $221.64, for a total value of $601,752.60. Following the completion of the sale, the vice president owned 119,780 shares in the company, valued at $26,548,039.20. This represents a 2.22% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, SVP David Zapolsky sold 13,570 shares of the stock in a transaction dated Friday, August 22nd. The stock was sold at an average price of $222.76, for a total value of $3,022,853.20. Following the completion of the sale, the senior vice president owned 44,110 shares of the company’s stock, valued at $9,825,943.60. This trade represents a 23.53% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders have sold 97,911 shares of company stock worth $21,765,202 over the last 90 days. 9.70% of the stock is currently owned by corporate insiders.

Analysts Set New Price Targets

Several equities analysts recently commented on the company. Weiss Ratings downgraded Amazon.com from a “buy (b-)” rating to a “hold (c+)” rating in a research report on Friday, October 24th. Wells Fargo & Company raised Amazon.com from an “equal weight” rating to an “overweight” rating and lifted their price objective for the company from $245.00 to $280.00 in a report on Wednesday, September 24th. UBS Group reissued a “buy” rating and set a $279.00 price target (up from $271.00) on shares of Amazon.com in a report on Tuesday. Oppenheimer cut their price target on shares of Amazon.com from $250.00 to $245.00 and set an “outperform” rating for the company in a report on Friday, August 1st. Finally, Citizens Jmp assumed coverage on shares of Amazon.com in a report on Thursday, July 10th. They set a “strong-buy” rating for the company. Four research analysts have rated the stock with a Strong Buy rating, forty-eight have issued a Buy rating and one has assigned a Hold rating to the stock. According to data from MarketBeat, the stock currently has an average rating of “Buy” and an average target price of $268.54.

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.