Roosevelt Investment Group LLC Has $6.47 Million Holdings in Amazon.com, Inc. (NASDAQ:AMZN)

Roosevelt Investment Group LLC lifted its stake in shares of Amazon.com, Inc. (NASDAQ:AMZNGet Rating) by 421.1% in the 2nd quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 60,877 shares of the e-commerce giant’s stock after buying an additional 49,194 shares during the period. Roosevelt Investment Group LLC’s holdings in Amazon.com were worth $6,466,000 as of its most recent SEC filing.

Several other institutional investors also recently modified their holdings of the business. Jennison Associates LLC grew its stake in shares of Amazon.com by 1,764.2% in the second 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. Vanguard Group Inc. grew its stake in shares of Amazon.com by 1.6% in the first quarter. Vanguard Group Inc. now owns 33,965,498 shares of the e-commerce giant’s stock worth $110,725,825,000 after purchasing an additional 543,744 shares during the last quarter. Sumitomo Mitsui Trust Holdings Inc. grew its stake in shares of Amazon.com by 1,923.1% in the second 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 purchasing an additional 26,375,927 shares during the last quarter. New York State Teachers Retirement System grew its stake in shares of Amazon.com by 1,895.2% in the second 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 purchasing an additional 9,830,359 shares during the last quarter. Finally, Brown Advisory Inc. boosted its position in Amazon.com by 1,644.6% during the second quarter. Brown Advisory Inc. now owns 9,685,141 shares of the e-commerce giant’s stock valued at $1,202,879,000 after acquiring an additional 9,129,976 shares during the last quarter. Institutional investors own 57.15% of the company’s stock.

Amazon.com Stock Down 1.8 %

Shares of NASDAQ:AMZN opened at $92.46 on Tuesday. The firm has a fifty day moving average price of $109.80 and a two-hundred day moving average price of $116.91. 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 one year low of $85.87 and a one year high of $185.67. The company has a market cap of $943.24 billion, a price-to-earnings ratio of 84.86, a PEG ratio of 6.29 and a beta of 1.23.

Amazon.com (NASDAQ:AMZNGet Rating) last announced its quarterly earnings results on Thursday, October 27th. The e-commerce giant reported $0.28 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 firm had revenue of $127.10 billion during the quarter, compared to the consensus estimate of $127.47 billion. During the same period last year, the firm earned $0.31 EPS. The business’s quarterly revenue was up 14.7% compared to the same quarter last year. Analysts anticipate that Amazon.com, Inc. will post 0.74 EPS for the current fiscal year.

Analyst Ratings Changes

A number of analysts have commented on the stock. Robert W. Baird cut their price target on shares of Amazon.com from $150.00 to $130.00 and set an “outperform” rating on the stock in a research report on Friday, October 28th. JPMorgan Chase & Co. cut their price objective on shares of Amazon.com from $175.00 to $145.00 and set an “overweight” rating on the stock in a research report on Friday, October 28th. Royal Bank of Canada cut their price objective on shares of Amazon.com from $175.00 to $135.00 and set an “outperform” rating on the stock in a research report on Friday, October 28th. Itaú Unibanco initiated coverage on shares of Amazon.com in a research report on Tuesday, July 26th. They set an “outperform” rating and a $146.00 price objective on the stock. Finally, Truist Financial lowered their target price on shares of Amazon.com from $170.00 to $160.00 and set a “buy” rating on the stock in a report on Friday, October 28th. Two analysts have rated the stock with a sell rating, three have assigned a hold rating and forty-two have issued a buy rating to the stock. According to MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus target price of $150.89.

Insider Buying and Selling at Amazon.com

In other Amazon.com news, CEO Adam Selipsky sold 520 shares of the firm’s stock in a transaction on 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 transaction, the chief executive officer now directly 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 the SEC website. In other news, major shareholder Amazon Com Inc sold 250,000 shares of the firm’s stock in a transaction on Friday, October 7th. The shares were sold at an average price of $23.61, for a total transaction of $5,902,500.00. Following the sale, the insider now owns 14,178,445 shares in the company, valued at approximately $334,753,086.45. The transaction was disclosed in a filing with the SEC, which is accessible through this link. Also, CEO Adam Selipsky sold 520 shares of the firm’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 sale, the chief executive officer now owns 115,680 shares in the company, valued at approximately $14,741,102.40. The disclosure for this sale can be found here. Insiders sold a total of 269,412 shares of company stock valued at $7,914,139 in the last three months. Company 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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