Foresight Capital Management Advisors Inc. Purchases 12,146 Shares of Amazon.com, Inc. (NASDAQ:AMZN)

Foresight Capital Management Advisors Inc. lifted its position in Amazon.com, Inc. (NASDAQ:AMZN) by 1,857.2% in the 2nd quarter, HoldingsChannel.com reports. The fund owned 12,800 shares of the e-commerce giant’s stock after buying an additional 12,146 shares during the period. Amazon.com accounts for 2.1% of Foresight Capital Management Advisors Inc.’s portfolio, making the stock its 26th biggest position. Foresight Capital Management Advisors Inc.’s holdings in Amazon.com were worth $1,359,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also recently made changes to their positions in the company. Lcnb Corp boosted its position in Amazon.com by 0.6% in the fourth quarter. Lcnb Corp now owns 624 shares of the e-commerce giant’s stock valued at $2,081,000 after buying an additional 4 shares during the last quarter. MBM Wealth Consultants LLC boosted its position in Amazon.com by 57.1% in the fourth quarter. MBM Wealth Consultants LLC now owns 11 shares of the e-commerce giant’s stock valued at $37,000 after buying an additional 4 shares during the last quarter. Samalin Investment Counsel LLC boosted its position in Amazon.com by 1.7% in the fourth quarter. Samalin Investment Counsel LLC now owns 239 shares of the e-commerce giant’s stock valued at $795,000 after buying an additional 4 shares during the last quarter. Confluence Investment Management LLC boosted its position in Amazon.com by 6.3% in the first quarter. Confluence Investment Management LLC now owns 67 shares of the e-commerce giant’s stock valued at $218,000 after buying an additional 4 shares during the last quarter. Finally, Stonebridge Capital Management Inc. boosted its position in Amazon.com by 0.5% in the first quarter. Stonebridge Capital Management Inc. now owns 861 shares of the e-commerce giant’s stock valued at $2,807,000 after buying an additional 4 shares during the last quarter. 57.15% of the stock is currently owned by institutional investors.

Insider Transactions at Amazon.com

In other news, CEO Adam Selipsky sold 520 shares of the 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 completion of the transaction, the chief executive officer now directly owns 115,680 shares in the company, valued at approximately $14,741,102.40. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. In related 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 transaction of $66,263.60. Following the completion of 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 Securities & Exchange Commission, which is accessible through this hyperlink. Also, 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 transaction, the chief executive officer now owns 1,892,000 shares of the company’s stock, valued at $269,212,680. The disclosure for this sale can be found here. In the last ninety days, insiders sold 70,628 shares of company stock worth $9,802,599. 12.70% of the stock is currently owned by company insiders.

Analyst Ratings Changes

AMZN has been the topic of a number of recent research reports. Jefferies Financial Group dropped their target price on Amazon.com from $163.00 to $150.00 in a research report on Wednesday, July 20th. Robert W. Baird reiterated an “outperform” rating and issued a $150.00 target price on shares of Amazon.com in a research report on Wednesday, September 7th. Mizuho decreased their price target on Amazon.com from $197.50 to $155.00 and set a “buy” rating for the company in a report on Thursday, July 21st. They noted that the move was a valuation call. Stifel Nicolaus decreased their price target on Amazon.com from $190.00 to $185.00 in a report on Friday, July 15th. Finally, Itaú Unibanco started coverage on Amazon.com in a report on Tuesday, July 26th. They issued an “outperform” rating and a $146.00 price target for the company. Two research 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. Based on data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $176.61.

Amazon.com Stock Down 1.0 %

Shares of NASDAQ:AMZN opened at $117.31 on Friday. The stock has a market cap of $1.20 trillion, a P/E ratio of 105.16, a PEG 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, Inc. has a 52-week low of $101.26 and a 52-week high of $188.11. The business has a fifty day moving average of $130.33 and a two-hundred day moving average of $130.17.

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

About Amazon.com

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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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