Amazon.com, Inc. (NASDAQ:AMZN) Shares Purchased by SevenBridge Financial Group LLC

SevenBridge Financial Group LLC boosted its holdings in Amazon.com, Inc. (NASDAQ:AMZN) by 1,921.2% in the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 60,151 shares of the e-commerce giant’s stock after purchasing an additional 57,175 shares during the quarter. Amazon.com makes up 2.6% of SevenBridge Financial Group LLC’s portfolio, making the stock its 7th biggest holding. SevenBridge Financial Group LLC’s holdings in Amazon.com were worth $6,389,000 as of its most recent SEC filing.

Other institutional investors have also recently added to or reduced their stakes in the company. Gibson Wealth Advisors LLC acquired a new stake in Amazon.com during the fourth quarter worth about $33,000. MBM Wealth Consultants LLC increased its stake in Amazon.com by 57.1% during the fourth quarter. MBM Wealth Consultants LLC now owns 11 shares of the e-commerce giant’s stock worth $37,000 after acquiring an additional 4 shares during the last quarter. Swaine & Leidel Wealth Services LLC acquired a new stake in Amazon.com during the first quarter worth about $38,000. William Allan LLC acquired a new stake in Amazon.com during the fourth quarter worth about $47,000. Finally, Cardinal Capital Management Inc. acquired a new stake in Amazon.com during the first quarter worth about $49,000. 57.15% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity at Amazon.com

In other news, CEO Adam Selipsky sold 520 shares of Amazon.com 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 legal filing with the SEC, which can be accessed through the SEC website. In other news, VP Shelley Reynolds sold 3,480 shares of Amazon.com stock in a transaction on Monday, August 22nd. The stock was sold at an average price of $134.23, for a total transaction of $467,120.40. Following the transaction, the vice president now directly owns 119,780 shares in the company, valued at approximately $16,078,069.40. The sale was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, CEO Adam Selipsky sold 520 shares of Amazon.com 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 transaction, 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. Insiders have sold a total of 70,628 shares of company stock worth $9,802,599 in the last three months. 12.70% of the stock is owned by company insiders.

Analysts Set New Price Targets

Several equities research analysts have commented on AMZN shares. Loop Capital dropped their price target on Amazon.com from $187.50 to $141.25 and set a “buy” rating for the company in a research note on Friday, May 27th. UBS Group upped their target price on Amazon.com from $167.00 to $180.00 and gave the stock a “buy” rating in a research report on Friday, July 29th. Canaccord Genuity Group upped their target price on Amazon.com from $185.00 to $200.00 in a research report on Friday, July 29th. Rosenblatt Securities upped their target price on Amazon.com to $118.00 and gave the stock a “neutral” rating in a research report on Friday, July 29th. Finally, Itaú Unibanco began coverage on Amazon.com in a research report on Tuesday, July 26th. They issued an “outperform” rating and a $146.00 target price for the company. Two research 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 stock. According to data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $176.61.

Amazon.com Stock Down 1.0 %

AMZN opened at $117.31 on Friday. Amazon.com, Inc. has a 12 month low of $101.26 and a 12 month high of $188.11. The company has a debt-to-equity ratio of 0.44, a current ratio of 0.95 and a quick ratio of 0.68. The stock 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 stock’s 50 day moving average price is $130.33 and its 200 day moving average price is $130.17.

Amazon.com (NASDAQ:AMZNGet Rating) last posted its earnings results on Thursday, July 28th. The e-commerce giant reported $0.10 EPS for the quarter, missing the consensus estimate of $0.15 by ($0.05). Amazon.com had a net margin of 2.39% and a return on equity of 15.79%. The business had revenue of $121.23 billion during the quarter, compared to analyst estimates of $119.16 billion. During the same quarter in the prior year, the business earned $0.76 earnings per share. The firm’s revenue was up 7.2% compared to the same quarter last year. As a group, research analysts predict that Amazon.com, Inc. will post 0.99 earnings per share for the current year.

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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