Choreo LLC Acquires 27,358 Shares of Amazon.com, Inc. $AMZN

Choreo LLC increased its holdings in Amazon.com, Inc. (NASDAQ:AMZN) by 7.8% in the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 376,895 shares of the e-commerce giant’s stock after buying an additional 27,358 shares during the period. Amazon.com accounts for 1.1% of Choreo LLC’s holdings, making the stock its 17th largest position. Choreo LLC’s holdings in Amazon.com were worth $82,706,000 as of its most recent SEC filing.

Other institutional investors have also made changes to their positions in the company. Carderock Capital Management Inc. acquired a new stake in shares of Amazon.com during the 2nd quarter worth $27,000. Maryland Capital Advisors Inc. lifted its position in Amazon.com by 81.9% during the second quarter. Maryland Capital Advisors Inc. now owns 211 shares of the e-commerce giant’s stock worth $46,000 after purchasing an additional 95 shares during the period. Ryan Investment Management Inc. acquired a new stake in Amazon.com during the second quarter worth about $48,000. MJT & Associates Financial Advisory Group Inc. acquired a new stake in Amazon.com during the first quarter worth about $59,000. Finally, Access Investment Management LLC bought a new position in Amazon.com in the 2nd quarter valued at about $74,000. 72.20% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

A number of analysts have recently weighed in on the stock. Rothschild & Co Redburn reaffirmed a “neutral” rating and set a $250.00 price target on shares of Amazon.com in a report on Tuesday, November 18th. UBS Group set a $300.00 target price on Amazon.com in a research note on Friday, December 5th. CIBC lifted their price target on Amazon.com to $315.00 in a research note on Monday, October 20th. TD Cowen boosted their price target on Amazon.com from $255.00 to $300.00 and gave the stock a “buy” rating in a report on Friday, October 31st. Finally, Zacks Research raised Amazon.com from a “hold” rating to a “strong-buy” rating in a research note on Wednesday, October 22nd. One investment analyst has rated the stock with a Strong Buy rating, fifty-seven have assigned a Buy rating and three have issued a Hold rating to the company’s stock. According to data from MarketBeat.com, Amazon.com has a consensus rating of “Moderate Buy” and a consensus target price of $295.43.

Amazon.com Price Performance

Amazon.com stock opened at $231.78 on Thursday. The stock has a 50-day moving average price of $229.06 and a two-hundred day moving average price of $224.52. Amazon.com, Inc. has a 12 month low of $161.38 and a 12 month high of $258.60. The company has a market capitalization of $2.48 trillion, a PE ratio of 32.74, a P/E/G ratio of 1.57 and a beta of 1.37. The company has a current ratio of 1.01, a quick ratio of 0.80 and a debt-to-equity ratio of 0.14.

Amazon.com (NASDAQ:AMZN) last released its quarterly earnings data on Thursday, October 30th. The e-commerce giant reported $1.95 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.57 by $0.38. The company had revenue of $180.17 billion during the quarter, compared to the consensus estimate of $177.53 billion. Amazon.com had a return on equity of 23.62% and a net margin of 11.06%.The firm’s revenue was up 13.4% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $1.43 earnings per share. Analysts expect that Amazon.com, Inc. will post 6.31 EPS for the current year.

Insider Transactions at Amazon.com

In related news, CEO Douglas J. Herrington sold 22,000 shares of the stock in a transaction on 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 completion of the sale, the chief executive officer directly owned 493,507 shares in the company, valued at $123,391,555.21. This represents a 4.27% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, CEO Andrew R. Jassy sold 19,872 shares of the firm’s stock in a transaction on Friday, November 21st. The stock was sold at an average price of $216.94, for a total value of $4,311,031.68. Following the transaction, the chief executive officer directly owned 2,208,310 shares of the company’s stock, valued at approximately $479,070,771.40. This represents a 0.89% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. In the last 90 days, insiders sold 82,234 shares of company stock worth $19,076,767. 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.