Jeppson Wealth Management LLC Buys 28,619 Shares of Amazon.com, Inc. (NASDAQ:AMZN)

Jeppson Wealth Management LLC increased its stake in Amazon.com, Inc. (NASDAQ:AMZN) by 1,993.0% in the second quarter, HoldingsChannel reports. The fund owned 30,055 shares of the e-commerce giant’s stock after purchasing an additional 28,619 shares during the period. Amazon.com makes up about 1.4% of Jeppson Wealth Management LLC’s portfolio, making the stock its 11th biggest position. Jeppson Wealth Management LLC’s holdings in Amazon.com were worth $3,192,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds and other institutional investors also recently modified their holdings of the stock. Jennison Associates LLC lifted its stake in shares of Amazon.com by 1,764.2% in the 2nd quarter. Jennison Associates LLC now owns 48,142,889 shares of the e-commerce giant’s stock valued at $5,113,256,000 after acquiring an additional 45,560,351 shares during the last quarter. Vanguard Group Inc. lifted its stake in shares of Amazon.com by 1.6% in the 1st quarter. Vanguard Group Inc. now owns 33,965,498 shares of the e-commerce giant’s stock valued at $110,725,825,000 after acquiring an additional 543,744 shares during the last quarter. Sumitomo Mitsui Trust Holdings Inc. lifted its stake in shares of Amazon.com by 1,923.1% in the 2nd quarter. Sumitomo Mitsui Trust Holdings Inc. now owns 27,747,428 shares of the e-commerce giant’s stock valued at $2,947,054,000 after acquiring an additional 26,375,927 shares during the last quarter. New York State Teachers Retirement System lifted its stake in shares of Amazon.com by 1,895.2% in the 2nd quarter. New York State Teachers Retirement System now owns 10,349,048 shares of the e-commerce giant’s stock valued at $1,099,172,000 after acquiring an additional 9,830,359 shares during the last quarter. Finally, Brown Advisory Inc. increased its holdings in Amazon.com by 1,644.6% during the 2nd quarter. Brown Advisory Inc. now owns 9,685,141 shares of the e-commerce giant’s stock valued at $1,202,879,000 after purchasing an additional 9,129,976 shares during the period. Institutional investors own 57.15% of the company’s stock.

Insider Transactions at Amazon.com

In other news, major shareholder Amazon Com Inc sold 250,000 shares of the company’s stock in a transaction on Friday, October 7th. The stock was 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 directly owns 14,178,445 shares in the company, valued at approximately $334,753,086.45. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. In other news, major shareholder Amazon Com Inc sold 250,000 shares of the company’s stock in a transaction on Friday, October 7th. The stock was 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 directly owns 14,178,445 shares in the company, valued at approximately $334,753,086.45. 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 7,448 shares of the stock in a transaction on Monday, August 22nd. The stock was sold at an average price of $134.25, for a total value of $999,894.00. Following the completion of the sale, the chief executive officer now owns 498,572 shares of the company’s stock, valued at approximately $66,933,291. The disclosure for this sale can be found here. Insiders sold 305,420 shares of company stock worth $12,769,879 in the last three months. Corporate insiders own 12.70% of the company’s stock.

Amazon.com Price Performance

NASDAQ AMZN opened at $94.14 on Friday. The business’s fifty day moving average price is $110.68 and its 200-day moving average price is $117.14. The stock has a market capitalization of $960.38 billion, a price-to-earnings ratio of 86.41, a PEG ratio of 7.53 and a beta of 1.23. The company has a debt-to-equity ratio of 0.43, a current ratio of 0.94 and a quick ratio of 0.68. Amazon.com, Inc. has a 1-year low of $85.87 and a 1-year 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 EPS for the quarter, topping the consensus estimate of $0.22 by $0.06. The firm had revenue of $127.10 billion during the quarter, compared to analyst estimates of $127.47 billion. Amazon.com had a return on equity of 14.44% and a net margin of 2.25%. Amazon.com’s revenue was up 14.7% on a year-over-year basis. During the same period in the prior year, the business posted $0.31 EPS. On average, equities analysts predict that Amazon.com, Inc. will post 0.62 earnings per share for the current year.

Wall Street Analyst Weigh In

A number of brokerages recently issued reports on AMZN. Tigress Financial reduced their price target on Amazon.com from $232.00 to $192.00 and set a “buy” rating on the stock in a report on Wednesday, November 2nd. Cowen reduced their price target on Amazon.com from $195.00 to $150.00 and set an “outperform” rating on the stock in a report on Friday, October 28th. Itau BBA Securities began coverage on Amazon.com in a report on Tuesday, July 26th. They set an “outperform” rating and a $146.00 price target on the stock. JMP Securities reduced their price target on Amazon.com from $150.00 to $140.00 and set an “outperform” rating on the stock in a report on Friday, October 28th. Finally, Itaú Unibanco assumed coverage on Amazon.com in a report on Tuesday, July 26th. They set an “outperform” rating and a $146.00 price target on the stock. Two 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. According to MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus 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.

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

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