Goodman Advisory Group LLC Acquires 24,027 Shares of Amazon.com, Inc. (NASDAQ:AMZN)

Goodman Advisory Group LLC lifted its position in Amazon.com, Inc. (NASDAQ:AMZN) by 979.5% in the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 26,480 shares of the e-commerce giant’s stock after purchasing an additional 24,027 shares during the quarter. Amazon.com accounts for 1.3% of Goodman Advisory Group LLC’s portfolio, making the stock its 14th largest position. Goodman Advisory Group LLC’s holdings in Amazon.com were worth $2,812,000 at the end of the most recent reporting period.

Other large investors have also modified their holdings of the company. Savior LLC raised its stake in shares of Amazon.com by 1,085.0% in the second quarter. Savior LLC now owns 237 shares of the e-commerce giant’s stock valued at $25,000 after purchasing an additional 217 shares in the last quarter. Rocky Mountain Advisers LLC raised its stake in shares of Amazon.com by 1,311.8% in the second quarter. Rocky Mountain Advisers LLC now owns 240 shares of the e-commerce giant’s stock valued at $25,000 after purchasing an additional 223 shares in the last quarter. Maryland Capital Advisors Inc. raised its stake in shares of Amazon.com by 1,900.0% in the second quarter. Maryland Capital Advisors Inc. now owns 300 shares of the e-commerce giant’s stock valued at $32,000 after purchasing an additional 285 shares in the last quarter. West Financial Advisors LLC raised its stake in shares of Amazon.com by 1,584.2% in the second quarter. West Financial Advisors LLC now owns 320 shares of the e-commerce giant’s stock valued at $34,000 after purchasing an additional 301 shares in the last quarter. Finally, Swaine & Leidel Wealth Services LLC acquired a new position in Amazon.com during the first quarter worth $38,000. 57.15% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

AMZN has been the subject of several recent analyst reports. Wells Fargo & Company dropped their price objective on Amazon.com from $200.00 to $155.00 and set an “overweight” rating for the company in a research note on Friday, October 28th. Jefferies Financial Group dropped their price objective on Amazon.com from $165.00 to $135.00 and set a “buy” rating for the company in a research note on Friday, October 28th. Citigroup dropped their price objective on Amazon.com from $185.00 to $145.00 and set a “buy” rating for the company in a research note on Friday, October 28th. The Goldman Sachs Group reiterated a “buy” rating and set a $175.00 price objective on shares of Amazon.com in a research note on Thursday, August 4th. Finally, StockNews.com initiated coverage on Amazon.com in a research note on Wednesday, October 12th. They set a “hold” rating for the company. Two research analysts have rated the stock with a sell rating, three have given a hold rating and forty-two have given a buy rating to the stock. According to MarketBeat.com, Amazon.com currently has an average rating of “Moderate Buy” and a consensus target price of $150.89.

Insider Activity at Amazon.com

In related 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 value of $66,263.60. Following the sale, the chief executive officer now owns 115,680 shares of the company’s stock, valued at approximately $14,741,102.40. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. In other Amazon.com news, Director Daniel P. Huttenlocher sold 1,720 shares of the business’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 transaction, the director now owns 22,440 shares of the company’s stock, valued at approximately $2,147,508. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CEO Adam Selipsky sold 520 shares of the business’s stock in a transaction that occurred on Wednesday, September 14th. The stock was sold at an average price of $127.43, for a total value of $66,263.60. Following the transaction, the chief executive officer now directly owns 115,680 shares in the company, valued at approximately $14,741,102.40. The disclosure for this sale can be found here. In the last quarter, insiders have sold 269,412 shares of company stock valued at $7,914,139. 12.70% of the stock is owned by insiders.

Amazon.com Trading Down 0.7 %

NASDAQ AMZN opened at $94.14 on Monday. The firm has a market cap of $960.38 billion, a P/E ratio of 86.41, a P/E/G ratio of 7.48 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. The stock’s 50-day moving average is $110.68 and its 200-day moving average is $117.08. 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 released its quarterly earnings results on Thursday, October 27th. The e-commerce giant reported $0.28 EPS for the quarter, topping analysts’ consensus estimates 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 analyst estimates of $127.47 billion. During the same quarter last year, the firm posted $0.31 earnings per share. Amazon.com’s revenue was up 14.7% compared to the same quarter last year. Sell-side analysts anticipate that Amazon.com, Inc. will post 0.74 earnings per share for the current fiscal year.

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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