Freestone Capital Holdings LLC grew its holdings in Amazon.com, Inc. (NASDAQ:AMZN) by 1.5% in the 2nd quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 384,823 shares of the e-commerce giant’s stock after acquiring an additional 5,735 shares during the quarter. Amazon.com accounts for approximately 2.8% of Freestone Capital Holdings LLC’s holdings, making the stock its 7th largest holding. Freestone Capital Holdings LLC’s holdings in Amazon.com were worth $84,426,000 as of its most recent SEC filing.
Other large investors have also modified their holdings of the company. Kingstone Capital Partners Texas LLC increased its stake in Amazon.com by 542,733.6% during the 2nd quarter. Kingstone Capital Partners Texas LLC now owns 132,641,388 shares of the e-commerce giant’s stock valued at $29,100,194,000 after purchasing an additional 132,616,953 shares in the last quarter. Nuveen LLC purchased a new stake in shares of Amazon.com during the first quarter valued at $11,674,091,000. Goldman Sachs Group Inc. increased its position in shares of Amazon.com by 21.3% in the 1st quarter. Goldman Sachs Group Inc. now owns 57,908,424 shares of the e-commerce giant’s stock valued at $11,017,657,000 after acquiring an additional 10,176,835 shares during the period. Vanguard Group Inc. raised its stake in Amazon.com by 1.1% in the 1st quarter. Vanguard Group Inc. now owns 832,274,556 shares of the e-commerce giant’s stock worth $158,348,557,000 after acquiring an additional 8,913,959 shares during the last quarter. Finally, Amundi lifted its position in Amazon.com by 15.1% during the 1st quarter. Amundi now owns 55,337,037 shares of the e-commerce giant’s stock worth $9,884,098,000 after acquiring an additional 7,267,277 shares during the period. Hedge funds and other institutional investors own 72.20% of the company’s stock.
Amazon.com Trading Up 1.8%
Shares of Amazon.com stock opened at $233.30 on Friday. The company has a current ratio of 1.02, a quick ratio of 0.81 and a debt-to-equity ratio of 0.15. Amazon.com, Inc. has a twelve month low of $161.38 and a twelve month high of $258.60. The firm has a market capitalization of $2.49 trillion, a PE ratio of 35.56, a P/E/G ratio of 1.52 and a beta of 1.29. The firm’s 50-day moving average price is $227.52 and its 200 day moving average price is $223.05.
Insider Transactions at Amazon.com
In other news, CEO Matthew S. Garman sold 17,768 shares of the stock in a transaction dated Friday, November 21st. The shares were sold at an average price of $216.90, for a total value of $3,853,879.20. Following the completion of the sale, the chief executive officer directly owned 6,273 shares in the company, valued at $1,360,613.70. This represents a 73.91% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, Director Daniel P. Huttenlocher sold 1,237 shares of the business’s stock in a transaction dated Thursday, November 20th. The stock was sold at an average price of $226.61, for a total transaction of $280,316.57. Following the transaction, the director owned 26,148 shares in the company, valued at $5,925,398.28. The trade was a 4.52% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold 82,234 shares of company stock worth $19,052,442 in the last quarter. 9.70% of the stock is owned by insiders.
Analyst Ratings Changes
A number of research analysts have recently weighed in on AMZN shares. BMO Capital Markets reissued an “outperform” rating and issued a $300.00 price objective on shares of Amazon.com in a report on Friday, October 31st. Raymond James Financial increased their price target on shares of Amazon.com from $230.00 to $275.00 and gave the stock an “outperform” rating in a report on Friday, October 31st. Zacks Research raised Amazon.com from a “hold” rating to a “strong-buy” rating in a report on Wednesday, October 22nd. Jefferies Financial Group restated a “buy” rating on shares of Amazon.com in a research report on Monday, October 20th. Finally, Wells Fargo & Company upped their price objective on shares of Amazon.com from $280.00 to $292.00 and gave the stock an “overweight” rating in a research report on Friday, October 31st. One equities research analyst has rated the stock with a Strong Buy rating, fifty-six have issued a Buy rating, three have given a Hold rating and one has given a Sell rating to the company. Based on data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $295.78.
Get Our Latest Research Report on Amazon.com
Amazon.com Company 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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