Mount Yale Investment Advisors LLC Buys 35,056 Shares of Amazon.com, Inc. (NASDAQ:AMZN)

Mount Yale Investment Advisors LLC raised its stake in Amazon.com, Inc. (NASDAQ:AMZN) by 1,943.2% in the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 36,860 shares of the e-commerce giant’s stock after acquiring an additional 35,056 shares during the quarter. Mount Yale Investment Advisors LLC’s holdings in Amazon.com were worth $3,915,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also recently made changes to their positions in AMZN. LRT Capital Management LLC bought a new position in Amazon.com in the 1st quarter valued at approximately $939,000. Bellecapital International Ltd. raised its holdings in Amazon.com by 1,993.8% in the 2nd quarter. Bellecapital International Ltd. now owns 70,644 shares of the e-commerce giant’s stock valued at $7,503,000 after buying an additional 67,270 shares during the last quarter. Van Hulzen Asset Management LLC raised its holdings in Amazon.com by 2.1% in the 1st quarter. Van Hulzen Asset Management LLC now owns 3,993 shares of the e-commerce giant’s stock valued at $13,017,000 after buying an additional 82 shares during the last quarter. Bouchey Financial Group Ltd raised its holdings in Amazon.com by 2,027.5% in the 2nd quarter. Bouchey Financial Group Ltd now owns 160,326 shares of the e-commerce giant’s stock valued at $17,028,000 after buying an additional 152,790 shares during the last quarter. Finally, Ervin Investment Management LLC raised its holdings in Amazon.com by 1,900.0% in the 2nd quarter. Ervin Investment Management LLC now owns 2,940 shares of the e-commerce giant’s stock valued at $320,000 after buying an additional 2,793 shares during the last quarter. Institutional investors own 57.15% of the company’s stock.

Insider Transactions at Amazon.com

In other news, Director Daniel P. Huttenlocher sold 1,720 shares of Amazon.com stock in a transaction on Thursday, November 17th. The stock was sold at an average price of $95.70, for a total transaction of $164,604.00. Following the sale, the director now directly owns 22,440 shares in the company, valued at approximately $2,147,508. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. In other news, Director Daniel P. Huttenlocher sold 1,720 shares of Amazon.com stock in a transaction on Thursday, November 17th. The stock was sold at an average price of $95.70, for a total transaction of $164,604.00. Following the sale, the director now directly owns 22,440 shares in the company, valued at approximately $2,147,508. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, CEO Douglas J. Herrington sold 15,787 shares of Amazon.com stock in a transaction on Tuesday, November 15th. The stock was sold at an average price of $103.10, for a total value of $1,627,639.70. Following the sale, the chief executive officer now owns 522,251 shares in the company, valued at $53,844,078.10. The disclosure for this sale can be found here. Insiders have sold 305,420 shares of company stock worth $12,769,879 in the last ninety days. Company insiders own 12.70% of the company’s stock.

Wall Street Analyst Weigh In

A number of research analysts recently issued reports on the stock. MKM Partners dropped their price objective on shares of Amazon.com to $145.00 in a report on Tuesday, November 1st. Raymond James dropped their price objective on shares of Amazon.com from $164.00 to $130.00 and set an “outperform” rating for the company in a report on Friday, October 28th. Itau BBA Securities initiated coverage on shares of Amazon.com in a research report on Tuesday, July 26th. They set an “outperform” rating and a $146.00 target price for the company. Rosenblatt Securities decreased their target price on shares of Amazon.com from $118.00 to $103.00 and set a “neutral” rating for the company in a research report on Monday, November 14th. Finally, Deutsche Bank Aktiengesellschaft decreased their target price on shares of Amazon.com from $150.00 to $130.00 and set a “buy” rating for the company in a research report on Friday, October 28th. Two investment analysts have rated the stock with a sell rating, three have assigned a hold rating and forty-two have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, Amazon.com has an average rating of “Moderate Buy” and a consensus target price of $150.89.

Amazon.com Trading Down 0.7 %

NASDAQ AMZN opened at $94.14 on Friday. The stock has a market capitalization of $960.38 billion, a price-to-earnings ratio of 86.41, a PEG ratio of 7.71 and a beta of 1.23. Amazon.com, Inc. has a one year low of $85.87 and a one year high of $188.11. The company has a debt-to-equity ratio of 0.43, a current ratio of 0.94 and a quick ratio of 0.68. The business’s fifty day moving average is $110.68 and its 200-day moving average is $117.19.

Amazon.com (NASDAQ:AMZNGet Rating) last released its earnings results on Thursday, October 27th. The e-commerce giant reported $0.28 EPS for the quarter, topping analysts’ consensus estimates of $0.22 by $0.06. The company had revenue of $127.10 billion for the quarter, compared to analysts’ expectations of $127.47 billion. Amazon.com had a return on equity of 14.44% and a net margin of 2.25%. The business’s revenue for the quarter was up 14.7% compared to the same quarter last year. During the same period in the previous year, the business posted $0.31 EPS. Equities research analysts predict that Amazon.com, Inc. will post 0.62 EPS for the current year.

Amazon.com Company Profile

(Get Rating)

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.

Recommended Stories

Want to see what other hedge funds are holding AMZN? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Amazon.com, Inc. (NASDAQ:AMZNGet Rating).

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

Receive News & Ratings for Amazon.com Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Amazon.com and related companies with MarketBeat.com's FREE daily email newsletter.