Amazon.com, Inc. (NASDAQ:AMZN) Shares Bought by Glassy Mountain Advisors Inc.

Glassy Mountain Advisors Inc. boosted its holdings in shares of Amazon.com, Inc. (NASDAQ:AMZN) by 1,919.4% during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 33,260 shares of the e-commerce giant’s stock after buying an additional 31,613 shares during the period. Amazon.com makes up 2.1% of Glassy Mountain Advisors Inc.’s holdings, making the stock its 18th largest position. Glassy Mountain Advisors Inc.’s holdings in Amazon.com were worth $3,533,000 as of its most recent SEC filing.

Other large investors have also added to or reduced their stakes in the company. Fifth Third Bancorp grew its stake in Amazon.com by 1.5% during the 1st quarter. Fifth Third Bancorp now owns 177,679 shares of the e-commerce giant’s stock valued at $579,225,000 after purchasing an additional 2,686 shares during the last quarter. LRT Capital Management LLC purchased a new stake in Amazon.com during the 1st quarter valued at about $939,000. Van Hulzen Asset Management LLC boosted its stake in shares of Amazon.com by 2.1% in the first quarter. Van Hulzen Asset Management LLC now owns 3,993 shares of the e-commerce giant’s stock worth $13,017,000 after buying an additional 82 shares during the last quarter. Graypoint LLC boosted its stake in shares of Amazon.com by 57.9% in the first quarter. Graypoint LLC now owns 1,704 shares of the e-commerce giant’s stock worth $5,555,000 after buying an additional 625 shares during the last quarter. Finally, Castle Rock Wealth Management LLC boosted its stake in shares of Amazon.com by 10.6% in the first quarter. Castle Rock Wealth Management LLC now owns 1,715 shares of the e-commerce giant’s stock worth $5,422,000 after buying an additional 164 shares during the last quarter. Hedge funds and other institutional investors own 57.15% of the company’s stock.

Insider Activity at Amazon.com

In related news, SVP David Zapolsky sold 10,480 shares of Amazon.com stock in a transaction on Tuesday, August 16th. The stock was sold at an average price of $145.01, for a total value of $1,519,704.80. Following the completion of the transaction, the senior vice president now directly owns 60,260 shares in the company, valued at $8,738,302.60. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. In other Amazon.com news, SVP David Zapolsky sold 10,480 shares of the firm’s stock in a transaction on Tuesday, August 16th. The stock was sold at an average price of $145.01, for a total value of $1,519,704.80. Following the sale, the senior vice president now directly owns 60,260 shares in the company, valued at $8,738,302.60. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, CEO Adam Selipsky sold 520 shares of the firm’s stock in a transaction on Wednesday, September 14th. The shares were sold at an average price of $127.43, for a total value of $66,263.60. Following the completion of the sale, the chief executive officer now owns 115,680 shares in the company, valued at $14,741,102.40. The disclosure for this sale can be found here. Over the last three months, insiders sold 70,628 shares of company stock worth $9,802,599. Company insiders own 12.70% of the company’s stock.

Amazon.com Trading Down 1.0 %

AMZN opened at $117.31 on Friday. Amazon.com, Inc. has a 52 week low of $101.26 and a 52 week high of $188.11. The business has a fifty day simple moving average of $130.33 and a 200-day simple moving average of $130.17. The firm has a market cap of $1.20 trillion, a P/E ratio of 105.16, a P/E/G ratio of 5.45 and a beta of 1.33. The company has a quick ratio of 0.68, a current ratio of 0.95 and a debt-to-equity ratio of 0.44.

Amazon.com (NASDAQ:AMZNGet Rating) last released its earnings results on Thursday, July 28th. The e-commerce giant reported $0.10 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.15 by ($0.05). The company had revenue of $121.23 billion during the quarter, compared to analysts’ expectations of $119.16 billion. Amazon.com had a net margin of 2.39% and a return on equity of 15.79%. The company’s revenue for the quarter was up 7.2% on a year-over-year basis. During the same quarter last year, the business posted $0.76 earnings per share. On average, equities analysts expect that Amazon.com, Inc. will post 0.99 earnings per share for the current year.

Wall Street Analyst Weigh In

A number of analysts have recently commented on AMZN shares. Citigroup upped their target price on Amazon.com to $185.00 in a research note on Tuesday, August 9th. Itaú Unibanco started coverage on Amazon.com in a research note on Tuesday, July 26th. They issued an “outperform” rating and a $146.00 target price on the stock. Evercore ISI lowered their target price on Amazon.com from $205.00 to $180.00 and set an “outperform” rating on the stock in a research note on Friday, June 24th. Redburn Partners initiated coverage on Amazon.com in a research note on Wednesday, June 29th. They issued a “buy” rating and a $270.00 target price on the stock. Finally, Rosenblatt Securities increased their price target on Amazon.com to $118.00 and gave the stock a “neutral” rating in a research report on Friday, July 29th. Two equities 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 company. According to data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average target price 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.

See Also

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

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