Financial Insights Inc. Increases Position in Amazon.com, Inc. (NASDAQ:AMZN)

Financial Insights Inc. increased its stake in shares of Amazon.com, Inc. (NASDAQ:AMZN) by 1,929.3% during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 9,781 shares of the e-commerce giant’s stock after buying an additional 9,299 shares during the quarter. Amazon.com comprises approximately 1.1% of Financial Insights Inc.’s investment portfolio, making the stock its 25th biggest holding. Financial Insights Inc.’s holdings in Amazon.com were worth $1,039,000 at the end of the most recent reporting period.

Other large investors have also recently made changes to their positions in the company. Searle & CO. lifted its position in Amazon.com by 1,882.5% during the second quarter. Searle & CO. now owns 11,300 shares of the e-commerce giant’s stock valued at $1,200,000 after purchasing an additional 10,730 shares during the period. F3Logic LLC lifted its position in Amazon.com by 1,962.4% during the second quarter. F3Logic LLC now owns 20,150 shares of the e-commerce giant’s stock valued at $2,140,000 after purchasing an additional 19,173 shares during the period. Cohen Investment Advisors LLC lifted its position in Amazon.com by 1,927.3% during the second quarter. Cohen Investment Advisors LLC now owns 36,471 shares of the e-commerce giant’s stock valued at $3,873,000 after purchasing an additional 34,672 shares during the period. SPC Financial Inc. lifted its position in Amazon.com by 2,487.7% during the second quarter. SPC Financial Inc. now owns 16,846 shares of the e-commerce giant’s stock valued at $1,789,000 after purchasing an additional 16,195 shares during the period. Finally, Ferguson Shapiro LLC lifted its position in Amazon.com by 2,011.7% during the second quarter. Ferguson Shapiro LLC now owns 4,329 shares of the e-commerce giant’s stock valued at $460,000 after purchasing an additional 4,124 shares during the period. 57.15% of the stock is owned by hedge funds and other institutional investors.

Insiders Place Their Bets

In other Amazon.com news, Director Daniel P. Huttenlocher sold 1,720 shares of the stock in a transaction that occurred on Thursday, November 17th. The shares were 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 SEC, which is available through this link. In other Amazon.com news, Director Daniel P. Huttenlocher sold 1,720 shares of the stock in a transaction that occurred on Thursday, November 17th. The shares were 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 SEC, which is available through this link. Also, CEO Douglas J. Herrington sold 15,787 shares of the stock in a transaction that occurred on Tuesday, November 15th. The stock was sold at an average price of $103.10, for a total transaction 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 a total of 305,420 shares of company stock worth $12,769,879 in the last ninety days. 12.70% of the stock is owned by corporate insiders.

Wall Street Analysts Forecast Growth

A number of research analysts recently issued reports on the stock. Bank of America decreased their target price on shares of Amazon.com from $157.00 to $137.00 and set a “buy” rating for the company in a research report on Friday, October 28th. Sanford C. Bernstein decreased their price objective on shares of Amazon.com from $150.00 to $125.00 and set an “outperform” rating for the company in a research report on Friday, October 28th. UBS Group upped their price objective on shares of Amazon.com from $167.00 to $180.00 and gave the stock a “buy” rating in a research report on Friday, July 29th. Wolfe Research decreased their price objective on shares of Amazon.com from $150.00 to $130.00 and set an “outperform” rating for the company in a research report on Friday, October 28th. Finally, Robert W. Baird decreased their price objective on shares of Amazon.com from $150.00 to $130.00 and set an “outperform” rating for the company in a research report on Friday, October 28th. Two analysts have rated the stock with a sell rating, three have assigned a hold rating and forty-two have issued a buy rating to the stock. According to data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $150.89.

Amazon.com Stock Performance

NASDAQ:AMZN opened at $94.14 on Friday. The company has a debt-to-equity ratio of 0.43, a quick ratio of 0.68 and a current ratio of 0.94. The stock has a market capitalization of $960.38 billion, a P/E ratio of 86.41, a PEG ratio of 7.53 and a beta of 1.23. The company has a 50 day moving average price of $110.68 and a 200 day moving average price of $117.14. Amazon.com, Inc. has a fifty-two week low of $85.87 and a fifty-two week high of $188.11.

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 for the quarter, topping analysts’ consensus estimates of $0.22 by $0.06. The firm had revenue of $127.10 billion during the quarter, compared to analysts’ expectations of $127.47 billion. Amazon.com had a net margin of 2.25% and a return on equity of 14.44%. The firm’s quarterly revenue was up 14.7% on a year-over-year basis. During the same quarter last year, the company posted $0.31 EPS. Equities research analysts forecast that Amazon.com, Inc. will post 0.62 EPS for the current year.

Amazon.com Company 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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