Objective Capital Management LLC Has $1.58 Million Position in Amazon.com, Inc. (NASDAQ:AMZN)

Objective Capital Management LLC raised its stake in shares of Amazon.com, Inc. (NASDAQ:AMZN) by 1,861.9% in the 2nd quarter, Holdings Channel.com reports. The institutional investor owned 14,871 shares of the e-commerce giant’s stock after purchasing an additional 14,113 shares during the quarter. Amazon.com comprises about 1.6% of Objective Capital Management LLC’s investment portfolio, making the stock its 20th largest position. Objective Capital Management LLC’s holdings in Amazon.com were worth $1,580,000 as of its most recent SEC filing.

Other institutional investors also recently modified their holdings of the company. Chartist Inc. CA grew its position in shares of Amazon.com by 10.1% in the 4th quarter. Chartist Inc. CA now owns 317 shares of the e-commerce giant’s stock valued at $1,057,000 after purchasing an additional 29 shares during the period. Fort Point Capital Partners LLC grew its position in shares of Amazon.com by 5.1% in the 4th quarter. Fort Point Capital Partners LLC now owns 3,525 shares of the e-commerce giant’s stock valued at $11,754,000 after purchasing an additional 170 shares during the period. Thames Capital Management LLC grew its position in shares of Amazon.com by 9.2% in the 4th quarter. Thames Capital Management LLC now owns 4,869 shares of the e-commerce giant’s stock valued at $16,235,000 after purchasing an additional 409 shares during the period. Hilton Capital Management LLC grew its position in shares of Amazon.com by 1.3% in the 4th quarter. Hilton Capital Management LLC now owns 4,730 shares of the e-commerce giant’s stock valued at $15,771,000 after purchasing an additional 60 shares during the period. Finally, Alerus Financial NA grew its position in shares of Amazon.com by 7.4% in the 4th quarter. Alerus Financial NA now owns 7,053 shares of the e-commerce giant’s stock valued at $23,517,000 after purchasing an additional 485 shares during the period. 57.15% of the stock is currently owned by institutional investors and hedge funds.

Insider Transactions at Amazon.com

In other news, 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 transaction of $3,360,889.80. Following the completion of the transaction, the chief executive officer now directly owns 1,892,000 shares in the company, valued at $269,212,680. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. In other news, 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 transaction of $3,360,889.80. Following the completion of the transaction, the chief executive officer now directly owns 1,892,000 shares in the company, valued at $269,212,680. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, VP Shelley Reynolds sold 3,480 shares of the firm’s stock in a transaction dated Monday, August 22nd. The stock was sold at an average price of $134.23, for a total value of $467,120.40. Following the transaction, the vice president now owns 119,780 shares of the company’s stock, 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 over the last ninety days. 12.70% of the stock is owned by insiders.

Amazon.com Price Performance

Amazon.com stock opened at $117.31 on Friday. The company has a current ratio of 0.95, a quick ratio of 0.68 and a debt-to-equity ratio of 0.44. The company has a market capitalization of $1.20 trillion, a PE ratio of 105.16, a P/E/G ratio of 5.45 and a beta of 1.33. Amazon.com, Inc. has a 12 month low of $101.26 and a 12 month high of $188.11. The stock has a 50-day moving average price of $130.33 and a two-hundred day moving average price of $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). The firm had revenue of $121.23 billion during the quarter, compared to the consensus estimate of $119.16 billion. Amazon.com had a net margin of 2.39% and a return on equity of 15.79%. Amazon.com’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 business posted $0.76 earnings per share. Analysts expect that Amazon.com, Inc. will post 0.99 EPS for the current year.

Analyst Upgrades and Downgrades

AMZN has been the subject of several research analyst reports. Loop Capital decreased their price objective on Amazon.com from $187.50 to $141.25 and set a “buy” rating for the company in a research report on Friday, May 27th. Mizuho cut their target price on Amazon.com from $197.50 to $155.00 and set a “buy” rating on the stock in a research note on Thursday, July 21st. They noted that the move was a valuation call. Barclays boosted their target price on Amazon.com from $195.00 to $200.00 and gave the company an “overweight” rating in a research note on Friday, July 29th. JPMorgan Chase & Co. cut their target price on Amazon.com from $200.00 to $175.00 and set an “overweight” rating on the stock in a research note on Wednesday, June 29th. Finally, MKM Partners cut their target price on Amazon.com from $180.00 to $165.00 in a research note on Monday, July 25th. 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 company’s stock. According to MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus 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.

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

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