Amazon.com, Inc. (NASDAQ:AMZN) Shares Acquired by 17 Capital Partners LLC

17 Capital Partners LLC lifted its holdings in Amazon.com, Inc. (NASDAQ:AMZN) by 997.7% during the 2nd quarter, HoldingsChannel.com reports. The institutional investor owned 2,920 shares of the e-commerce giant’s stock after purchasing an additional 2,654 shares during the period. 17 Capital Partners LLC’s holdings in Amazon.com were worth $310,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently modified their holdings of AMZN. Norges Bank purchased a new position in shares of Amazon.com in the fourth quarter worth about $14,053,756,000. Castleview Partners LLC purchased a new position in Amazon.com during the fourth quarter worth about $1,143,000. Aaron Wealth Advisors LLC raised its stake in Amazon.com by 346,521.1% during the first quarter. Aaron Wealth Advisors LLC now owns 2,246,105 shares of the e-commerce giant’s stock worth $689,000 after purchasing an additional 2,245,457 shares during the period. Verity Asset Management Inc. raised its stake in Amazon.com by 413,136.4% during the first quarter. Verity Asset Management Inc. now owns 1,508,313 shares of the e-commerce giant’s stock worth $841,000 after purchasing an additional 1,507,948 shares during the period. Finally, SG Americas Securities LLC raised its stake in Amazon.com by 124.5% during the first quarter. SG Americas Securities LLC now owns 220,530 shares of the e-commerce giant’s stock worth $718,917,000 after purchasing an additional 1,120,660 shares during the period. 57.15% of the stock is owned by hedge funds and other institutional investors.

Amazon.com Stock Down 2.2 %

AMZN stock opened at $123.53 on Monday. Amazon.com, Inc. has a 12 month low of $101.26 and a 12 month high of $188.11. The firm has a market cap of $1.26 trillion, a PE ratio of 110.74, a P/E/G ratio of 5.51 and a beta of 1.33. The firm has a 50 day simple moving average of $129.52 and a 200 day simple moving average of $130.72. The company has a debt-to-equity ratio of 0.44, a current ratio of 0.95 and a quick ratio of 0.68.

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). 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 for the quarter, compared to the consensus estimate of $119.16 billion. During the same period in the prior year, the company posted $0.76 earnings per share. Amazon.com’s quarterly revenue was up 7.2% on a year-over-year basis. Equities research analysts forecast that Amazon.com, Inc. will post 0.99 earnings per share for the current fiscal year.

Analyst Ratings Changes

A number of brokerages have commented on AMZN. The Goldman Sachs Group reaffirmed a “buy” rating and set a $175.00 target price on shares of Amazon.com in a research note on Thursday, August 4th. Itaú Unibanco began coverage on shares of Amazon.com in a research note on Tuesday, July 26th. They issued an “outperform” rating and a $146.00 price target on the stock. Wolfe Research boosted their price target on shares of Amazon.com from $140.00 to $170.00 and gave the company an “outperform” rating in a research note on Friday, July 29th. Citigroup boosted their price target on shares of Amazon.com to $185.00 in a research note on Tuesday, August 9th. Finally, Itau BBA Securities began coverage on shares of Amazon.com in a research note on Tuesday, July 26th. They issued an “outperform” rating and a $146.00 price target on the stock. Two investment analysts have rated the stock with a sell rating, two have assigned a hold rating and thirty-six have given a buy rating to the stock. According to MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $176.61.

Insider Buying and Selling

In other Amazon.com news, CEO Andrew R. Jassy sold 23,620 shares of the firm’s stock in a transaction dated Monday, August 15th. The shares were sold at an average price of $142.29, for a total value of $3,360,889.80. Following the completion of the sale, the chief executive officer now owns 1,892,000 shares in the company, valued at approximately $269,212,680. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. In other Amazon.com news, CEO Andrew R. Jassy sold 23,620 shares of the firm’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 sale, the chief executive officer now directly owns 1,892,000 shares in the company, valued at approximately $269,212,680. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, VP Shelley Reynolds sold 3,480 shares of Amazon.com stock in a transaction that occurred on Monday, August 22nd. The shares were 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 in the company, valued at $16,078,069.40. The disclosure for this sale can be found here. Insiders sold 70,628 shares of company stock worth $9,802,599 in the last quarter. 12.70% of the stock is owned by corporate insiders.

Amazon.com Profile

(Get Rating)

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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