Amazon.com, Inc. (NASDAQ:AMZN) Shares Bought by Cohen Investment Advisors LLC

Cohen Investment Advisors LLC raised its position in shares of Amazon.com, Inc. (NASDAQ:AMZN) by 1,927.3% in the 2nd quarter, HoldingsChannel.com reports. The institutional investor owned 36,471 shares of the e-commerce giant’s stock after acquiring an additional 34,672 shares during the period. Amazon.com comprises about 3.3% of Cohen Investment Advisors LLC’s investment portfolio, making the stock its 4th largest holding. Cohen Investment Advisors LLC’s holdings in Amazon.com were worth $3,873,000 at the end of the most recent reporting period.

Other hedge funds also recently modified their holdings of the company. Calton & Associates Inc. grew its holdings in Amazon.com by 2.6% during the 1st quarter. Calton & Associates Inc. now owns 866 shares of the e-commerce giant’s stock worth $2,823,000 after acquiring an additional 22 shares during the period. Kavar Capital Partners Group LLC boosted its position in shares of Amazon.com by 7.6% during the first quarter. Kavar Capital Partners Group LLC now owns 1,121 shares of the e-commerce giant’s stock worth $3,654,000 after purchasing an additional 79 shares in the last quarter. IFM Investors Pty Ltd boosted its position in shares of Amazon.com by 21.8% during the first quarter. IFM Investors Pty Ltd now owns 72,911 shares of the e-commerce giant’s stock worth $237,686,000 after purchasing an additional 13,060 shares in the last quarter. LexAurum Advisors LLC boosted its position in shares of Amazon.com by 10.7% during the first quarter. LexAurum Advisors LLC now owns 827 shares of the e-commerce giant’s stock worth $2,696,000 after purchasing an additional 80 shares in the last quarter. Finally, Ironwood Wealth Management LLC. boosted its position in shares of Amazon.com by 0.8% during the first quarter. Ironwood Wealth Management LLC. now owns 1,810 shares of the e-commerce giant’s stock worth $5,901,000 after purchasing an additional 15 shares in the last quarter. Institutional investors and hedge funds own 57.15% of the company’s stock.

Insider Buying and Selling at Amazon.com

In other Amazon.com news, major shareholder Amazon Com Inc sold 250,000 shares of the business’s stock in a transaction dated Friday, October 7th. The shares were sold at an average price of $23.61, for a total value of $5,902,500.00. Following the completion of the sale, the insider now owns 14,178,445 shares of the company’s stock, valued at approximately $334,753,086.45. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. In other news, major shareholder Amazon Com Inc sold 250,000 shares of the company’s stock in a transaction that occurred on Friday, October 7th. The shares were sold at an average price of $23.61, for a total transaction of $5,902,500.00. Following the completion of the sale, the insider now owns 14,178,445 shares of the company’s stock, valued at approximately $334,753,086.45. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, Director Daniel P. Huttenlocher sold 1,720 shares of the company’s stock in a transaction that occurred 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 of the company’s stock, valued at approximately $2,147,508. The disclosure for this sale can be found here. Insiders sold 305,420 shares of company stock valued at $12,769,879 in the last quarter. Company insiders own 12.70% of the company’s stock.

Amazon.com Stock Down 0.7 %

Shares of AMZN opened at $94.14 on Friday. Amazon.com, Inc. has a 52 week low of $85.87 and a 52 week high of $188.11. The firm has a market cap of $960.38 billion, a P/E ratio of 86.41, a price-to-earnings-growth ratio of 7.53 and a beta of 1.23. The firm’s 50-day simple moving average is $110.68 and its 200 day simple moving average is $117.14. The company has a debt-to-equity ratio of 0.43, a quick ratio of 0.68 and a current ratio of 0.94.

Amazon.com (NASDAQ:AMZNGet Rating) last posted its quarterly earnings data on Thursday, October 27th. The e-commerce giant reported $0.28 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.22 by $0.06. The firm had revenue of $127.10 billion during the quarter, compared to the consensus estimate of $127.47 billion. Amazon.com had a net margin of 2.25% and a return on equity of 14.44%. The business’s revenue for the quarter was up 14.7% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $0.31 EPS. On average, analysts forecast that Amazon.com, Inc. will post 0.62 earnings per share for the current year.

Wall Street Analysts Forecast Growth

A number of equities analysts have recently weighed in on AMZN shares. The Goldman Sachs Group reissued a “buy” rating and set a $175.00 price target on shares of Amazon.com in a research report on Thursday, August 4th. Cowen reduced their price target on shares of Amazon.com from $195.00 to $150.00 and set an “outperform” rating on the stock in a research report on Friday, October 28th. DA Davidson reduced their price target on shares of Amazon.com from $151.00 to $114.00 and set a “buy” rating on the stock in a research report on Friday, October 28th. Wolfe Research cut their price objective on shares of Amazon.com from $150.00 to $130.00 and set an “outperform” rating on the stock in a research report on Friday, October 28th. Finally, Itaú Unibanco initiated coverage on shares of Amazon.com in a research report on Tuesday, July 26th. They issued an “outperform” rating and a $146.00 price objective on the stock. Two investment analysts have rated the stock with a sell rating, three have given a hold rating and forty-two have assigned a buy rating to the company. According to MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average price target of $150.89.

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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