Bey Douglas LLC increased its stake in Amazon.com, Inc. (NASDAQ:AMZN – Free Report) by 48.4% in the second quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 1,705 shares of the e-commerce giant’s stock after buying an additional 556 shares during the quarter. Bey Douglas LLC’s holdings in Amazon.com were worth $374,000 as of its most recent filing with the SEC.
A number of other large investors have also modified their holdings of AMZN. Carderock Capital Management Inc. acquired a new stake in shares of Amazon.com in the second quarter valued at about $27,000. Cooksen Wealth LLC purchased a new position in Amazon.com in the first quarter valued at about $36,000. Inlight Wealth Management LLC purchased a new position in Amazon.com in the first quarter valued at about $40,000. Capitol Family Office Inc. purchased a new position in Amazon.com in the first quarter valued at about $42,000. Finally, Maryland Capital Advisors Inc. boosted its holdings in Amazon.com by 81.9% in the second 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 during the last quarter. Institutional investors and hedge funds own 72.20% of the company’s stock.
Amazon.com Trading Up 9.6%
Shares of NASDAQ AMZN opened at $244.22 on Friday. The company has a market cap of $2.60 trillion, a price-to-earnings ratio of 37.23, a price-to-earnings-growth ratio of 1.52 and a beta of 1.28. Amazon.com, Inc. has a 12-month low of $161.38 and a 12-month high of $250.50. The company has a current ratio of 1.02, a quick ratio of 0.81 and a debt-to-equity ratio of 0.15. The stock’s 50 day simple moving average is $225.49 and its 200 day simple moving average is $216.08.
Analysts Set New Price Targets
AMZN has been the subject of a number of analyst reports. Rosenblatt Securities increased their price target on Amazon.com from $298.00 to $305.00 and gave the company a “buy” rating in a report on Friday. Cantor Fitzgerald increased their price target on Amazon.com from $280.00 to $315.00 and gave the company an “overweight” rating in a report on Friday. The Goldman Sachs Group increased their price target on Amazon.com from $240.00 to $275.00 and gave the company a “buy” rating in a report on Friday, October 3rd. Pivotal Research increased their price target on Amazon.com from $285.00 to $300.00 and gave the company a “buy” rating in a report on Friday. Finally, JPMorgan Chase & Co. increased their target price on Amazon.com from $265.00 to $305.00 and gave the stock an “overweight” rating in a report on Friday. Three investment analysts have rated the stock with a Strong Buy rating, forty-nine have assigned a Buy rating, one has issued a Hold rating and one has issued a Sell rating to the company. According to MarketBeat, the stock has an average rating of “Buy” and an average price target of $289.88.
Read Our Latest Stock Analysis on AMZN
Insiders Place Their Bets
In related news, CEO Douglas J. Herrington sold 2,500 shares of Amazon.com stock in a transaction dated Wednesday, October 1st. The shares were sold at an average price of $217.10, for a total transaction of $542,750.00. Following the sale, the chief executive officer directly owned 515,507 shares in the company, valued at $111,916,569.70. The trade was a 0.48% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, CEO Andrew R. Jassy sold 19,872 shares of the business’s stock in a transaction dated Thursday, August 21st. The stock was sold at an average price of $221.58, for a total transaction of $4,403,237.76. Following the sale, the chief executive officer owned 2,178,502 shares in the company, valued at $482,712,473.16. This trade represents a 0.90% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. In the last quarter, insiders have sold 95,411 shares of company stock worth $21,222,702. 9.70% of the stock is currently owned by insiders.
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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