Black Swift Group LLC Has $19.19 Million Holdings in Amazon.com, Inc. $AMZN

Black Swift Group LLC lifted its holdings in shares of Amazon.com, Inc. (NASDAQ:AMZN) by 207.0% during the 2nd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 87,460 shares of the e-commerce giant’s stock after purchasing an additional 58,976 shares during the quarter. Amazon.com makes up about 3.9% of Black Swift Group LLC’s holdings, making the stock its 6th biggest position. Black Swift Group LLC’s holdings in Amazon.com were worth $19,188,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also modified their holdings of the company. Vanguard Group Inc. lifted its position in shares of Amazon.com by 1.1% in the first quarter. Vanguard Group Inc. now owns 832,274,556 shares of the e-commerce giant’s stock worth $158,348,557,000 after buying an additional 8,913,959 shares during the last quarter. Kingstone Capital Partners Texas LLC lifted its holdings in Amazon.com by 542,733.6% in the 2nd quarter. Kingstone Capital Partners Texas LLC now owns 132,641,388 shares of the e-commerce giant’s stock worth $29,100,194,000 after purchasing an additional 132,616,953 shares during the last quarter. Northern Trust Corp lifted its holdings in Amazon.com by 0.3% in the 1st quarter. Northern Trust Corp now owns 97,379,134 shares of the e-commerce giant’s stock worth $18,527,354,000 after purchasing an additional 302,858 shares during the last quarter. Nuveen LLC bought a new stake in Amazon.com during the first quarter worth approximately $11,674,091,000. Finally, Charles Schwab Investment Management Inc. grew its holdings in Amazon.com by 1.0% during the first quarter. Charles Schwab Investment Management Inc. now owns 60,243,622 shares of the e-commerce giant’s stock valued at $11,461,952,000 after purchasing an additional 605,415 shares during the last quarter. Institutional investors and hedge funds own 72.20% of the company’s stock.

Wall Street Analysts Forecast Growth

AMZN has been the subject of a number of analyst reports. BNP Paribas Exane initiated coverage on shares of Amazon.com in a research note on Monday, November 24th. They issued an “outperform” rating for the company. Rothschild & Co Redburn reissued a “neutral” rating and set a $250.00 target price on shares of Amazon.com in a research report on Tuesday, November 18th. Arete upped their price target on shares of Amazon.com from $248.00 to $253.00 and gave the company a “buy” rating in a report on Monday, October 27th. Wolfe Research lifted their price objective on Amazon.com from $265.00 to $270.00 in a research note on Tuesday, September 30th. Finally, TD Cowen boosted their price objective on Amazon.com from $255.00 to $300.00 and gave the stock a “buy” rating in a research report on Friday, October 31st. One analyst has rated the stock with a Strong Buy rating, fifty-six have issued a Buy rating, three have assigned a Hold rating and one has given a Sell rating to the company. According to data from MarketBeat.com, Amazon.com presently has an average rating of “Moderate Buy” and a consensus target price of $296.11.

Amazon.com Trading Up 0.2%

Shares of AMZN opened at $234.42 on Wednesday. The stock’s 50-day moving average price is $227.92 and its 200 day moving average price is $223.55. The company has a quick ratio of 0.80, a current ratio of 1.01 and a debt-to-equity ratio of 0.14. The firm has a market capitalization of $2.51 trillion, a price-to-earnings ratio of 33.11, a P/E/G ratio of 1.61 and a beta of 1.37. Amazon.com, Inc. has a 12-month low of $161.38 and a 12-month high of $258.60.

Amazon.com (NASDAQ:AMZN) last announced its quarterly earnings data on Thursday, October 30th. The e-commerce giant reported $1.95 EPS for the quarter, topping analysts’ consensus estimates of $1.57 by $0.38. Amazon.com had a return on equity of 23.62% and a net margin of 11.06%.The company had revenue of $180.17 billion during the quarter, compared to the consensus estimate of $177.53 billion. During the same quarter last year, the company earned $1.43 EPS. The company’s quarterly revenue was up 13.4% on a year-over-year basis. As a group, research analysts predict that Amazon.com, Inc. will post 6.31 earnings per share for the current year.

Insider Transactions at Amazon.com

In other news, CEO Douglas J. Herrington sold 22,000 shares of the firm’s stock in a transaction dated Friday, October 31st. The shares were sold at an average price of $250.03, for a total transaction of $5,500,660.00. Following the completion of the transaction, the chief executive officer directly owned 493,507 shares of the company’s stock, valued at approximately $123,391,555.21. This trade represents a 4.27% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Daniel P. Huttenlocher sold 1,237 shares of Amazon.com stock in a transaction dated Thursday, November 20th. The shares were sold at an average price of $226.61, for a total transaction of $280,316.57. Following the sale, the director owned 26,148 shares in the company, valued at approximately $5,925,398.28. This trade represents a 4.52% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders sold 79,734 shares of company stock valued at $18,493,717 over the last 90 days. Corporate insiders own 10.80% 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.