E&G Advisors LP Purchases 29,829 Shares of Amazon.com, Inc. (NASDAQ:AMZN)

E&G Advisors LP increased its position in shares of Amazon.com, Inc. (NASDAQ:AMZN) by 1,723.2% in the 2nd quarter, HoldingsChannel reports. The firm owned 31,560 shares of the e-commerce giant’s stock after acquiring an additional 29,829 shares during the quarter. Amazon.com accounts for 1.1% of E&G Advisors LP’s portfolio, making the stock its 13th largest holding. E&G Advisors LP’s holdings in Amazon.com were worth $3,352,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also bought and sold shares of AMZN. Vanguard Group Inc. lifted its holdings in shares of Amazon.com by 1.6% in the first quarter. Vanguard Group Inc. now owns 33,965,498 shares of the e-commerce giant’s stock worth $110,725,825,000 after acquiring an additional 543,744 shares during the last quarter. State Street Corp lifted its holdings in shares of Amazon.com by 4.3% in 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 acquiring an additional 698,970 shares during the last quarter. Geode Capital Management LLC lifted its holdings in shares of Amazon.com by 2.8% in the fourth quarter. Geode Capital Management LLC now owns 7,193,360 shares of the e-commerce giant’s stock worth $23,917,115,000 after acquiring an additional 195,716 shares during the last quarter. Capital Research Global Investors lifted its holdings in shares of Amazon.com by 14.0% in the first quarter. Capital Research Global Investors now owns 5,213,777 shares of the e-commerce giant’s stock worth $16,996,815,000 after acquiring an additional 639,231 shares during the last quarter. Finally, Norges Bank bought a new position in shares of Amazon.com in the fourth quarter worth about $14,053,756,000. Institutional investors own 57.15% of the company’s stock.

Amazon.com Price Performance

Shares of AMZN opened at $123.53 on Friday. Amazon.com, Inc. has a 12-month low of $101.26 and a 12-month high of $188.11. The business’s fifty day moving average is $129.52 and its 200 day moving average is $130.86. The company has a quick ratio of 0.68, a current ratio of 0.95 and a debt-to-equity ratio of 0.44. The stock has a market cap of $1.26 trillion, a P/E ratio of 110.74, a P/E/G ratio of 5.63 and a beta of 1.33.

Amazon.com (NASDAQ:AMZNGet Rating) last issued its earnings results on Thursday, July 28th. The e-commerce giant reported ($0.20) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.15 by ($0.35). Amazon.com had a return on equity of 15.79% and a net margin of 2.39%. The firm had revenue of $121.23 billion during the quarter, compared to the consensus estimate of $119.16 billion. During the same quarter in the prior year, the business earned $0.76 earnings per share. Amazon.com’s revenue for the quarter was up 7.2% on a year-over-year basis. Sell-side analysts anticipate that Amazon.com, Inc. will post 0.99 earnings per share for the current fiscal year.

Insider Buying and Selling

In other Amazon.com news, CEO Adam Selipsky sold 520 shares of the firm’s stock in a transaction on Wednesday, September 14th. The stock was sold at an average price of $127.43, for a total transaction of $66,263.60. Following the transaction, the chief executive officer now directly owns 115,680 shares in the company, valued at approximately $14,741,102.40. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. In other Amazon.com news, CEO Adam Selipsky sold 520 shares of the firm’s stock in a transaction on Wednesday, September 14th. The stock was sold at an average price of $127.43, for a total transaction of $66,263.60. Following the transaction, the chief executive officer now directly owns 115,680 shares in the company, valued at approximately $14,741,102.40. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, VP Shelley Reynolds sold 3,480 shares of the firm’s stock in a transaction on Monday, August 22nd. The shares were sold at an average price of $134.23, for a total value of $467,120.40. Following the transaction, the vice president now owns 119,780 shares in the company, valued at $16,078,069.40. The disclosure for this sale can be found here. Insiders have sold a total of 70,628 shares of company stock worth $9,802,599 in the last ninety days. Corporate insiders own 12.70% of the company’s stock.

Analyst Upgrades and Downgrades

AMZN has been the subject of a number of research reports. Citigroup increased their target price on shares of Amazon.com to $185.00 in a report on Tuesday, August 9th. Evercore ISI lowered their price objective on Amazon.com from $205.00 to $180.00 and set an “outperform” rating for the company in a research note on Friday, June 24th. Deutsche Bank Aktiengesellschaft lowered their price objective on Amazon.com from $174.00 to $155.00 in a research note on Thursday, July 21st. The Goldman Sachs Group reaffirmed a “buy” rating and issued a $175.00 price objective on shares of Amazon.com in a research note on Thursday, August 4th. Finally, DA Davidson reaffirmed a “buy” rating and issued a $151.00 price objective on shares of Amazon.com in a research note on Friday, August 5th. Two research analysts have rated the stock with a sell rating, two have given a hold rating and thirty-six have issued a buy rating to the stock. According to MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average price target of $176.61.

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.

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

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