Baltimore Washington Financial Advisors Inc. Buys 9,342 Shares of Amazon.com, Inc. $AMZN

Baltimore Washington Financial Advisors Inc. increased its stake in Amazon.com, Inc. (NASDAQ:AMZN) by 4.1% in the 2nd quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 235,304 shares of the e-commerce giant’s stock after acquiring an additional 9,342 shares during the quarter. Amazon.com makes up about 2.4% of Baltimore Washington Financial Advisors Inc.’s portfolio, making the stock its 8th biggest holding. Baltimore Washington Financial Advisors Inc.’s holdings in Amazon.com were worth $51,623,000 as of its most recent filing with the SEC.

Several other hedge funds and other institutional investors have also added to or reduced their stakes in AMZN. GM Advisory Group LLC lifted its stake in Amazon.com by 16.4% in the 2nd quarter. GM Advisory Group LLC now owns 110,278 shares of the e-commerce giant’s stock valued at $24,194,000 after buying an additional 15,566 shares in the last quarter. Quadrant Capital Group LLC lifted its position in shares of Amazon.com by 12.4% in the second quarter. Quadrant Capital Group LLC now owns 258,595 shares of the e-commerce giant’s stock valued at $56,733,000 after acquiring an additional 28,607 shares in the last quarter. OPTIMAS CAPITAL Ltd acquired a new stake in shares of Amazon.com in the second quarter worth approximately $241,000. Vinva Investment Management Ltd raised its stake in Amazon.com by 34.9% in the 2nd quarter. Vinva Investment Management Ltd now owns 661,794 shares of the e-commerce giant’s stock valued at $147,779,000 after purchasing an additional 171,178 shares during the last quarter. Finally, Vermillion & White Wealth Management Group LLC raised its stake in Amazon.com by 16.6% in the 2nd quarter. Vermillion & White Wealth Management Group LLC now owns 3,100 shares of the e-commerce giant’s stock valued at $680,000 after purchasing an additional 442 shares during the last quarter. 72.20% of the stock is owned by hedge funds and other institutional investors.

Amazon.com Price Performance

NASDAQ:AMZN opened at $231.78 on Thursday. Amazon.com, Inc. has a 52 week low of $161.38 and a 52 week high of $258.60. The stock’s fifty day moving average is $229.06 and its two-hundred day moving average is $224.52. The company has a market capitalization of $2.48 trillion, a P/E ratio of 32.74, a P/E/G ratio of 1.57 and a beta of 1.37. The company has a quick ratio of 0.80, a current ratio of 1.01 and a debt-to-equity ratio of 0.14.

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

Insider Buying and Selling at Amazon.com

In other news, Director Jonathan Rubinstein sold 8,173 shares of Amazon.com stock in a transaction on Friday, October 31st. The stock was sold at an average price of $250.03, for a total value of $2,043,495.19. Following the completion of the sale, the director directly owned 80,030 shares of the company’s stock, valued at approximately $20,009,900.90. The trade was a 9.27% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Also, CEO Douglas J. Herrington sold 22,000 shares of the stock in a transaction dated Friday, October 31st. The stock was sold at an average price of $250.03, for a total value of $5,500,660.00. Following the transaction, the chief executive officer directly owned 493,507 shares in the company, valued at approximately $123,391,555.21. The trade was a 4.27% decrease in their position. The disclosure for this sale is available in the SEC filing. Over the last 90 days, insiders sold 82,234 shares of company stock valued at $19,076,767. Corporate insiders own 9.70% of the company’s stock.

Analyst Upgrades and Downgrades

Several equities research analysts have issued reports on AMZN shares. Monness Crespi & Hardt lifted their target price on shares of Amazon.com from $275.00 to $300.00 and gave the stock a “buy” rating in a research note on Friday, October 31st. Benchmark boosted their price target on shares of Amazon.com from $260.00 to $295.00 and gave the stock a “buy” rating in a research report on Friday, October 31st. Royal Bank Of Canada reiterated a “buy” rating and issued a $300.00 price objective on shares of Amazon.com in a report on Tuesday, December 2nd. William Blair restated an “outperform” rating on shares of Amazon.com in a report on Monday, November 3rd. Finally, CIBC upped their price target on Amazon.com to $315.00 in a research report on Monday, October 20th. One analyst has rated the stock with a Strong Buy rating, fifty-seven have given a Buy rating and three have given a Hold rating to the stock. According to data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $295.43.

About Amazon.com

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.