Signet Investment Advisory Group Inc. Grows Holdings in Amazon.com, Inc. (NASDAQ:AMZN)

Signet Investment Advisory Group Inc. grew its stake in Amazon.com, Inc. (NASDAQ:AMZN) by 1,938.6% during the second quarter, according to its most recent 13F filing with the SEC. The firm owned 13,190 shares of the e-commerce giant’s stock after acquiring an additional 12,543 shares during the period. Signet Investment Advisory Group Inc.’s holdings in Amazon.com were worth $1,401,000 as of its most recent filing with the SEC.

A number of other institutional investors and hedge funds have also made changes to their positions in the stock. Torray LLC increased its stake in Amazon.com by 1,912.3% during the 2nd quarter. Torray LLC now owns 76,951 shares of the e-commerce giant’s stock worth $8,173,000 after buying an additional 73,127 shares during the period. Harvest Volatility Management LLC increased its stake in Amazon.com by 1,691.5% during the 2nd quarter. Harvest Volatility Management LLC now owns 340,795 shares of the e-commerce giant’s stock worth $36,196,000 after buying an additional 321,772 shares during the period. Estate Counselors LLC grew its holdings in Amazon.com by 1,900.0% during the 2nd quarter. Estate Counselors LLC now owns 400 shares of the e-commerce giant’s stock worth $42,000 after acquiring an additional 380 shares in the last quarter. Landmark Financial Advisors LLC grew its holdings in Amazon.com by 2,357.6% during the 2nd quarter. Landmark Financial Advisors LLC now owns 6,611 shares of the e-commerce giant’s stock worth $702,000 after acquiring an additional 6,342 shares in the last quarter. Finally, Retirement Systems of Alabama boosted its holdings in shares of Amazon.com by 1,987.3% in the 2nd quarter. Retirement Systems of Alabama now owns 4,819,060 shares of the e-commerce giant’s stock valued at $511,832,000 after buying an additional 4,588,182 shares in the last quarter. 57.15% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

Several research analysts have recently issued reports on AMZN shares. Raymond James lowered their target price on shares of Amazon.com from $164.00 to $130.00 and set an “outperform” rating for the company in a report on Friday, October 28th. Atlantic Securities lowered their target price on shares of Amazon.com from $160.00 to $120.00 and set an “overweight” rating for the company in a report on Friday, October 28th. Cowen decreased their price target on shares of Amazon.com from $195.00 to $150.00 and set an “outperform” rating for the company in a research note on Friday, October 28th. Wedbush cut their price objective on shares of Amazon.com from $175.00 to $140.00 and set an “outperform” rating for the company in a research report on Friday, October 28th. Finally, Tigress Financial cut their price target on shares of Amazon.com from $232.00 to $192.00 and set a “buy” rating for the company in a report on Wednesday, November 2nd. Two analysts have rated the stock with a sell rating, three have assigned a hold rating and forty-two have given a buy rating to the company’s stock. According to MarketBeat, Amazon.com has an average rating of “Moderate Buy” and a consensus price target of $150.89.

Insider Activity

In other news, CEO Adam Selipsky sold 520 shares of the business’s stock in a transaction on Wednesday, September 14th. The shares were sold at an average price of $127.43, for a total transaction of $66,263.60. Following the completion of the transaction, the chief executive officer now owns 115,680 shares of the company’s stock, valued at $14,741,102.40. The sale was disclosed in a filing with the SEC, which is accessible through this hyperlink. In related news, CEO Adam Selipsky sold 520 shares of the company’s stock in a transaction dated Wednesday, September 14th. The shares were sold at an average price of $127.43, for a total value of $66,263.60. Following the completion of the sale, the chief executive officer now owns 115,680 shares of the company’s stock, valued at $14,741,102.40. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, major shareholder Amazon Com Inc sold 250,000 shares of the company’s stock in a transaction dated 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 completion of the sale, the insider now directly owns 14,178,445 shares of the company’s stock, valued at approximately $334,753,086.45. The disclosure for this sale can be found here. Over the last quarter, insiders sold 269,412 shares of company stock valued at $7,914,139. 12.70% of the stock is currently owned by company insiders.

Amazon.com Stock Performance

Shares of AMZN opened at $94.14 on Monday. Amazon.com, Inc. has a 1 year low of $85.87 and a 1 year high of $188.11. The company has a market cap of $960.38 billion, a price-to-earnings 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. The firm has a fifty day moving average of $110.68 and a 200-day moving average of $117.08.

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 (EPS) for the quarter, beating the consensus estimate of $0.22 by $0.06. Amazon.com had a net margin of 2.25% and a return on equity of 14.44%. The company had revenue of $127.10 billion during the quarter, compared to the consensus estimate of $127.47 billion. During the same quarter in the previous year, the company posted $0.31 earnings per share. The company’s revenue for the quarter was up 14.7% compared to the same quarter last year. As a group, equities analysts anticipate that Amazon.com, Inc. will post 0.74 earnings per share 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.

See Also

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

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