Castleark Management LLC Purchases 28,076 Shares of Amazon.com, Inc. $AMZN

Castleark Management LLC lifted its holdings in shares of Amazon.com, Inc. (NASDAQ:AMZN) by 4.9% in the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 598,607 shares of the e-commerce giant’s stock after buying an additional 28,076 shares during the period. Amazon.com makes up about 3.9% of Castleark Management LLC’s investment portfolio, making the stock its 4th largest holding. Castleark Management LLC’s holdings in Amazon.com were worth $131,328,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also added to or reduced their stakes in the business. Carderock Capital Management Inc. bought a new stake in shares of Amazon.com during the second quarter valued at about $27,000. Maryland Capital Advisors Inc. increased its stake in Amazon.com by 81.9% during the 2nd quarter. Maryland Capital Advisors Inc. now owns 211 shares of the e-commerce giant’s stock valued at $46,000 after buying an additional 95 shares during the period. Ryan Investment Management Inc. bought a new stake in shares of Amazon.com during the 2nd quarter worth about $48,000. Cooksen Wealth LLC lifted its stake in shares of Amazon.com by 23.5% in the 2nd quarter. Cooksen Wealth LLC now owns 247 shares of the e-commerce giant’s stock worth $54,000 after acquiring an additional 47 shares during the period. Finally, MJT & Associates Financial Advisory Group Inc. bought a new position in shares of Amazon.com in the first quarter valued at approximately $59,000. 72.20% of the stock is owned by institutional investors.

Amazon.com Price Performance

NASDAQ AMZN opened at $226.19 on Friday. 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, Inc. has a 1 year low of $161.38 and a 1 year high of $258.60. The company has a market cap of $2.42 trillion, a PE ratio of 31.95, a PEG ratio of 1.56 and a beta of 1.37. The stock’s 50-day moving average price is $229.35 and its two-hundred day moving average price is $224.87.

Amazon.com (NASDAQ:AMZN) last released its earnings results on Thursday, October 30th. The e-commerce giant reported $1.95 earnings per share for the quarter, topping the consensus estimate 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 for the quarter, compared to the consensus estimate of $177.53 billion. During the same period last year, the firm posted $1.43 earnings per share. The firm’s quarterly revenue was up 13.4% compared to the same quarter last year. On average, analysts predict that Amazon.com, Inc. will post 6.31 EPS for the current year.

Insider Activity

In other Amazon.com news, CEO Douglas J. Herrington sold 22,000 shares of the business’s stock in a transaction on 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 sale, the chief executive officer directly owned 493,507 shares of the company’s stock, valued at $123,391,555.21. The trade was a 4.27% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director Daniel P. Huttenlocher sold 1,237 shares of the stock in a transaction on Thursday, November 20th. The shares were sold at an average price of $226.61, for a total value of $280,316.57. Following the completion of the sale, the director owned 26,148 shares of the company’s stock, valued at $5,925,398.28. The trade was a 4.52% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. In the last 90 days, insiders sold 82,234 shares of company stock worth $19,076,767. 9.70% of the stock is owned by corporate insiders.

Analyst Ratings Changes

Several equities research analysts recently commented on AMZN shares. Citigroup reissued an “overweight” rating on shares of Amazon.com in a report on Wednesday, November 26th. Arete Research boosted their price objective on Amazon.com from $248.00 to $253.00 and gave the stock a “buy” rating in a research note on Monday, October 27th. Cowen reaffirmed a “buy” rating on shares of Amazon.com in a research note on Tuesday, November 25th. TD Cowen reiterated a “buy” rating and issued a $300.00 price target on shares of Amazon.com in a research report on Thursday. Finally, Pivotal Research upped their price target on shares of Amazon.com from $285.00 to $300.00 and gave the company a “buy” rating in a report on Friday, October 31st. Two analysts have rated the stock with a Strong Buy rating, fifty-six have issued a Buy rating and three have assigned a Hold rating to the company’s stock. Based on data from MarketBeat, Amazon.com presently has a consensus rating of “Moderate Buy” and a consensus price target 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.