Salomon & Ludwin LLC Boosts Holdings in Amazon.com, Inc. (NASDAQ:AMZN)

Salomon & Ludwin LLC lifted its stake in Amazon.com, Inc. (NASDAQ:AMZN) by 3,588.9% during the second quarter, HoldingsChannel reports. The institutional investor owned 13,280 shares of the e-commerce giant’s stock after acquiring an additional 12,920 shares during the period. Salomon & Ludwin LLC’s holdings in Amazon.com were worth $1,410,000 as of its most recent SEC filing.

Other hedge funds have also recently modified their holdings of the company. Jennison Associates LLC grew its position in Amazon.com by 1,764.2% during the 2nd quarter. Jennison Associates LLC now owns 48,142,889 shares of the e-commerce giant’s stock worth $5,113,256,000 after purchasing an additional 45,560,351 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 worth $2,947,054,000 after acquiring an additional 26,375,927 shares during the period. 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 worth $1,099,172,000 after acquiring an additional 9,830,359 shares during the period. Brown Advisory Inc. lifted its stake in shares of Amazon.com by 1,644.6% in the 2nd quarter. Brown Advisory Inc. now owns 9,685,141 shares of the e-commerce giant’s stock worth $1,202,879,000 after acquiring an additional 9,129,976 shares during the period. Finally, Allspring Global Investments Holdings LLC lifted its stake in shares of Amazon.com by 1,539.8% in the 2nd quarter. Allspring Global Investments Holdings LLC now owns 9,633,606 shares of the e-commerce giant’s stock worth $1,023,183,000 after acquiring an additional 9,046,135 shares during the period. 57.15% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

Several analysts have recently commented on AMZN shares. Needham & Company LLC reduced their target price on shares of Amazon.com from $175.00 to $120.00 and set a “buy” rating for the company in a research note on Friday, October 28th. Deutsche Bank Aktiengesellschaft reduced their price objective on shares of Amazon.com from $150.00 to $130.00 and set a “buy” rating for the company in a research note on Friday, October 28th. Atlantic Securities reduced their price objective on shares of Amazon.com from $160.00 to $120.00 and set an “overweight” rating for the company in a research note on Friday, October 28th. Mizuho reduced their price objective on shares of Amazon.com from $155.00 to $135.00 and set a “buy” rating for the company in a research note on Friday, October 28th. Finally, The Goldman Sachs Group reiterated a “buy” rating and issued a $175.00 price objective on shares of Amazon.com in a research note on Thursday, August 4th. Two investment analysts have rated the stock with a sell rating, three have given a hold rating and forty-two have issued a buy rating to the company. According to MarketBeat.com, Amazon.com presently has an average rating of “Moderate Buy” and an average price target of $150.89.

Amazon.com Trading Down 0.7 %

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

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

Insider Transactions at Amazon.com

In other news, CFO Brian T. Olsavsky sold 16,720 shares of the business’s stock in a transaction on Monday, August 22nd. The shares were sold at an average price of $135.55, for a total transaction of $2,266,396.00. Following the transaction, the chief financial officer now directly owns 47,500 shares of the company’s stock, valued at $6,438,625. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. In other news, CFO Brian T. Olsavsky sold 16,720 shares of the business’s stock in a transaction on Monday, August 22nd. The shares were sold at an average price of $135.55, for a total transaction of $2,266,396.00. Following the transaction, the chief financial officer now directly owns 47,500 shares of the company’s stock, valued at $6,438,625. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Also, Director Daniel P. Huttenlocher sold 1,720 shares of the business’s 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 transaction, the director now directly owns 22,440 shares in the company, valued at $2,147,508. The disclosure for this sale can be found here. Over the last three months, insiders have sold 305,420 shares of company stock valued at $12,769,879. Corporate insiders own 12.70% of the company’s stock.

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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