Raub Brock Capital Management LP Purchases 3,067 Shares of Amazon.com, Inc. (NASDAQ:AMZN)

Raub Brock Capital Management LP grew its position in Amazon.com, Inc. (NASDAQ:AMZN) by 1,905.0% during the second quarter, Holdings Channel reports. The institutional investor owned 3,228 shares of the e-commerce giant’s stock after acquiring an additional 3,067 shares during the quarter. Raub Brock Capital Management LP’s holdings in Amazon.com were worth $343,000 as of its most recent SEC filing.

Other institutional investors have also modified their holdings of the company. Gibson Wealth Advisors LLC purchased a new position in shares of Amazon.com in the 4th quarter valued at approximately $33,000. MBM Wealth Consultants LLC increased its holdings in shares of Amazon.com by 57.1% during the 4th quarter. MBM Wealth Consultants LLC now owns 11 shares of the e-commerce giant’s stock valued at $37,000 after purchasing an additional 4 shares in the last quarter. Swaine & Leidel Wealth Services LLC acquired a new stake in Amazon.com in the 1st quarter valued at $38,000. William Allan LLC acquired a new stake in Amazon.com in the 4th quarter valued at $47,000. Finally, Cardinal Capital Management Inc. acquired a new stake in Amazon.com in the 1st quarter valued at $49,000. 57.15% of the stock is currently owned by institutional investors.

Amazon.com Stock Down 2.2 %

Amazon.com stock opened at $123.53 on Monday. The company has a debt-to-equity ratio of 0.44, a quick ratio of 0.68 and a current ratio of 0.95. The firm has a market capitalization of $1.26 trillion, a price-to-earnings ratio of 110.74, a price-to-earnings-growth ratio of 5.51 and a beta of 1.33. Amazon.com, Inc. has a fifty-two week low of $101.26 and a fifty-two week high of $188.11. The stock’s fifty day moving average is $129.52 and its two-hundred day moving average is $130.72.

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

Insider Activity at Amazon.com

In related news, CEO Andrew R. Jassy sold 23,620 shares of the stock in a transaction on Monday, August 15th. The stock was 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 owns 1,892,000 shares of the company’s stock, valued at $269,212,680. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink. In other Amazon.com news, CEO Adam Selipsky sold 520 shares of the firm’s stock in a transaction dated Wednesday, September 14th. The stock was sold at an average price of $127.43, for a total value of $66,263.60. Following the sale, the chief executive officer now directly owns 115,680 shares of the company’s stock, valued at approximately $14,741,102.40. The sale was disclosed in a filing with the SEC, which can be accessed through this link. 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 sale, the chief executive officer now directly 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 70,628 shares of company stock valued at $9,802,599 over the last quarter. Insiders own 12.70% of the company’s stock.

Analysts Set New Price Targets

AMZN has been the topic of several recent research reports. Itaú Unibanco initiated 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 on the stock. StockNews.com raised shares of Amazon.com from a “sell” rating to a “hold” rating in a research note on Monday, August 1st. Mizuho reduced their price target on Amazon.com from $197.50 to $155.00 and set a “buy” rating on the stock in a report on Thursday, July 21st. They noted that the move was a valuation call. Canaccord Genuity Group lifted their price target on Amazon.com from $185.00 to $200.00 in a report on Friday, July 29th. Finally, UBS Group lifted their price target on Amazon.com from $167.00 to $180.00 and gave the stock a “buy” rating in a report on Friday, July 29th. Two investment analysts have rated the stock with a sell rating, two have issued a hold rating and thirty-six have assigned a buy rating to the company. According to MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $176.61.

Amazon.com 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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