Amazon.com, Inc. (NASDAQ:AMZN) Shares Bought by Smithbridge Asset Management Inc. DE

Smithbridge Asset Management Inc. DE raised its holdings in Amazon.com, Inc. (NASDAQ:AMZN) by 1,794.7% in the second quarter, Holdings Channel.com reports. The fund owned 9,000 shares of the e-commerce giant’s stock after buying an additional 8,525 shares during the quarter. Smithbridge Asset Management Inc. DE’s holdings in Amazon.com were worth $956,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors also recently bought and sold shares of the company. LRT Capital Management LLC acquired a new stake in Amazon.com in the first quarter valued at $939,000. Bellecapital International Ltd. increased its position in shares of Amazon.com by 1,993.8% in the second 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 in the last quarter. Van Hulzen Asset Management LLC increased its position in shares of Amazon.com by 2.1% in the first 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 in the last quarter. Bouchey Financial Group Ltd increased its position in shares of Amazon.com by 2,027.5% in the second 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 in the last quarter. Finally, Ervin Investment Management LLC increased its position in shares of Amazon.com by 1,900.0% in the second 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 in the last quarter. Institutional investors and hedge funds own 57.15% of the company’s stock.

Insiders Place Their Bets

In other Amazon.com news, major shareholder Amazon Com Inc sold 250,000 shares of Amazon.com stock in a transaction that occurred on Friday, October 7th. The stock was sold at an average price of $23.61, for a total transaction of $5,902,500.00. Following 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 through the SEC website. In other Amazon.com news, CEO Adam Selipsky sold 520 shares of Amazon.com stock in a transaction that occurred on Wednesday, September 14th. The stock was sold at an average price of $127.43, for a total transaction of $66,263.60. Following the sale, the chief executive officer now directly owns 115,680 shares in the company, valued at approximately $14,741,102.40. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, major shareholder Amazon Com Inc sold 250,000 shares of the business’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 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 $334,753,086.45. The disclosure for this sale can be found here. Insiders have sold 269,412 shares of company stock worth $7,914,139 in the last three months. 12.70% of the stock is owned by insiders.

Amazon.com Stock Performance

Amazon.com stock opened at $94.14 on Monday. The stock’s 50 day moving average price is $110.68 and its 200 day moving average price is $117.08. The firm has a market capitalization of $960.38 billion, a PE ratio of 86.41, a price-to-earnings-growth ratio of 7.48 and a beta of 1.23. 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, Inc. has a one year low of $85.87 and a one 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 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.22 by $0.06. Amazon.com had a return on equity of 14.44% and a net margin of 2.25%. The company had revenue of $127.10 billion for the quarter, compared to the consensus estimate of $127.47 billion. During the same period in the previous year, the business earned $0.31 EPS. Amazon.com’s revenue for the quarter was up 14.7% compared to the same quarter last year. As a group, sell-side analysts expect that Amazon.com, Inc. will post 0.74 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

A number of research analysts have recently weighed in on AMZN shares. Morgan Stanley dropped their price target on Amazon.com from $175.00 to $140.00 and set an “overweight” rating for the company in a research report on Friday, October 28th. Benchmark dropped their price target on Amazon.com from $160.00 to $125.00 and set a “buy” rating for the company in a research report on Friday, October 28th. UBS Group raised their price target on Amazon.com from $167.00 to $180.00 and gave the company a “buy” rating in a research report on Friday, July 29th. Raymond James dropped their price objective on Amazon.com from $164.00 to $130.00 and set an “outperform” rating for the company in a research report on Friday, October 28th. Finally, Atlantic Securities dropped their price objective on Amazon.com from $160.00 to $120.00 and set an “overweight” rating for the company in a research report on Friday, October 28th. Two equities research analysts have rated the stock with a sell rating, three have issued a hold rating and forty-two have assigned a buy rating to the company’s stock. According to MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus price target of $150.89.

About Amazon.com

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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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