Amazon.com, Inc. (NASDAQ:AMZN) Stock Holdings Boosted by InterOcean Capital Group LLC

InterOcean Capital Group LLC grew its stake in Amazon.com, Inc. (NASDAQ:AMZN) by 10.0% in the 1st quarter, HoldingsChannel reports. The institutional investor owned 20,853 shares of the e-commerce giant’s stock after purchasing an additional 1,897 shares during the period. Amazon.com accounts for 2.9% of InterOcean Capital Group LLC’s portfolio, making the stock its 8th biggest position. InterOcean Capital Group LLC’s holdings in Amazon.com were worth $67,980,000 as of its most recent SEC filing.

A number of other hedge funds have also recently modified their holdings of AMZN. State Street Corp increased its position in shares of Amazon.com by 4.3% during the fourth quarter. State Street Corp now owns 17,021,616 shares of the e-commerce giant’s stock worth $56,755,855,000 after purchasing an additional 698,970 shares in the last quarter. Geode Capital Management LLC grew its stake in Amazon.com by 2.8% during the 4th quarter. Geode Capital Management LLC now owns 7,193,360 shares of the e-commerce giant’s stock worth $23,917,115,000 after buying an additional 195,716 shares during the last quarter. Capital Research Global Investors increased its position in Amazon.com by 14.1% during the fourth quarter. Capital Research Global Investors now owns 4,574,546 shares of the e-commerce giant’s stock worth $15,253,179,000 after buying an additional 564,699 shares during the period. Norges Bank purchased a new stake in Amazon.com in the fourth quarter valued at approximately $14,053,756,000. Finally, Castleview Partners LLC acquired a new stake in shares of Amazon.com in the fourth quarter valued at approximately $1,143,000. 57.15% of the stock is owned by hedge funds and other institutional investors.

Insider Transactions at Amazon.com

In related news, CEO Andrew R. Jassy sold 23,620 shares of the company’s stock in a transaction that occurred on Monday, August 15th. The shares were sold at an average price of $142.29, for a total transaction of $3,360,889.80. Following the completion of the transaction, the chief executive officer now owns 1,892,000 shares of the company’s stock, valued at $269,212,680. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. In other Amazon.com news, VP Shelley Reynolds sold 3,480 shares of the business’s stock in a transaction dated Monday, August 22nd. The stock was sold at an average price of $134.23, for a total transaction of $467,120.40. Following the completion of the sale, the vice president now owns 119,780 shares of the company’s stock, valued at $16,078,069.40. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, CEO Andrew R. Jassy sold 23,620 shares of the firm’s stock in a transaction dated Monday, August 15th. The stock was sold at an average price of $142.29, for a total value of $3,360,889.80. Following the completion of the transaction, the chief executive officer now owns 1,892,000 shares in the company, valued at $269,212,680. The disclosure for this sale can be found here. Insiders have sold a total of 70,108 shares of company stock worth $9,736,335 in the last three months. Company insiders own 12.70% of the company’s stock.

Amazon.com Stock Performance

Shares of AMZN opened at $126.11 on Wednesday. The company has a market capitalization of $1.28 trillion, a price-to-earnings ratio of 113.05, a PEG ratio of 5.73 and a beta of 1.33. The company has a debt-to-equity ratio of 0.44, a quick ratio of 0.68 and a current ratio of 0.95. Amazon.com, Inc. has a 1 year low of $101.26 and a 1 year high of $188.11. The company’s 50 day simple moving average is $125.52 and its 200 day simple moving average is $132.89.

Amazon.com (NASDAQ:AMZNGet Rating) last posted its quarterly earnings data on Thursday, July 28th. The e-commerce giant reported ($0.20) earnings per share (EPS) for the quarter, missing the consensus estimate of $0.15 by ($0.35). The business had revenue of $121.23 billion for the quarter, compared to analyst estimates of $119.16 billion. Amazon.com had a return on equity of 15.79% and a net margin of 2.39%. Amazon.com’s revenue for the quarter was up 7.2% compared to the same quarter last year. During the same quarter last year, the business earned $0.76 EPS. On average, sell-side analysts predict that Amazon.com, Inc. will post 0.98 EPS for the current year.

Analyst Ratings Changes

AMZN has been the subject of several research reports. Cowen reduced their price target on shares of Amazon.com from $215.00 to $210.00 and set an “outperform” rating for the company in a research report on Thursday, July 14th. Itau BBA Securities started coverage on shares of Amazon.com in a research note on Tuesday, July 26th. They set an “outperform” rating and a $146.00 target price for the company. Barclays raised their price target on Amazon.com from $195.00 to $200.00 and gave the stock an “overweight” rating in a report on Friday, July 29th. Jefferies Financial Group decreased their price objective on Amazon.com from $163.00 to $150.00 in a research report on Wednesday, July 20th. Finally, MKM Partners dropped their target price on Amazon.com from $180.00 to $165.00 in a report on Monday, July 25th. Two research analysts have rated the stock with a sell rating, two have given a hold rating and thirty-seven have issued a buy rating to the stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $177.99.

Amazon.com Company Profile

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Amazon.com, Inc engages in the retail sale of consumer products and subscriptions in North America and internationally. The company operates through three segments: North America, International, and Amazon Web Services (AWS). It sells merchandise and content purchased for resale from third-party sellers through physical and online stores.

Further Reading

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Institutional Ownership by Quarter for Amazon.com (NASDAQ:AMZN)

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