Amazon.com, Inc. (NASDAQ:AMZN) Shares Purchased by Biechele Royce Advisors

Biechele Royce Advisors boosted its position in Amazon.com, Inc. (NASDAQ:AMZN) by 2,030.2% in the 2nd quarter, Holdings Channel reports. The firm owned 4,090 shares of the e-commerce giant’s stock after acquiring an additional 3,898 shares during the quarter. Biechele Royce Advisors’ holdings in Amazon.com were worth $434,000 at the end of the most recent reporting period.

Other hedge funds have also recently added to or reduced their stakes in the company. Kavar Capital Partners Group LLC increased its stake in shares of Amazon.com by 7.6% in the 1st quarter. Kavar Capital Partners Group LLC now owns 1,121 shares of the e-commerce giant’s stock worth $3,654,000 after acquiring an additional 79 shares during the last quarter. IFM Investors Pty Ltd increased its stake in shares of Amazon.com by 21.8% in the 1st quarter. IFM Investors Pty Ltd now owns 72,911 shares of the e-commerce giant’s stock worth $237,686,000 after acquiring an additional 13,060 shares during the last quarter. LexAurum Advisors LLC increased its stake in shares of Amazon.com by 10.7% in the 1st quarter. LexAurum Advisors LLC now owns 827 shares of the e-commerce giant’s stock worth $2,696,000 after acquiring an additional 80 shares during the last quarter. Ironwood Wealth Management LLC. increased its stake in shares of Amazon.com by 0.8% in the 1st quarter. Ironwood Wealth Management LLC. now owns 1,810 shares of the e-commerce giant’s stock worth $5,901,000 after acquiring an additional 15 shares during the last quarter. Finally, Redmond Asset Management LLC increased its stake in shares of Amazon.com by 2.9% in the 1st quarter. Redmond Asset Management LLC now owns 1,836 shares of the e-commerce giant’s stock worth $5,985,000 after acquiring an additional 51 shares during the last quarter. 57.15% of the stock is owned by institutional investors and hedge funds.

Insider Transactions at Amazon.com

In other news, 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 value of $164,604.00. Following the completion of the transaction, the director now directly owns 22,440 shares of the company’s stock, valued at $2,147,508. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. In related news, major shareholder Amazon Com Inc sold 250,000 shares of the company’s stock in a transaction on Friday, October 7th. The stock was sold at an average price of $23.61, for a total value of $5,902,500.00. Following the completion of the transaction, the insider now directly owns 14,178,445 shares in the company, valued at $334,753,086.45. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Daniel P. Huttenlocher sold 1,720 shares of the company’s stock in a transaction on Thursday, November 17th. The shares were sold at an average price of $95.70, for a total value of $164,604.00. Following the completion of the transaction, the director now owns 22,440 shares of the company’s stock, valued at $2,147,508. 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 over the last three months. 12.70% of the stock is currently owned by insiders.

Amazon.com Stock Up 0.8 %

AMZN opened at $93.20 on Wednesday. The business’s fifty day moving average is $109.13 and its two-hundred day moving average is $116.76. 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 company has a market cap of $950.79 billion, a price-to-earnings ratio of 85.54, a PEG ratio of 6.29 and a beta of 1.23. Amazon.com, Inc. has a one year low of $85.87 and a one year high of $181.68.

Amazon.com (NASDAQ:AMZNGet Rating) last posted its 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 the consensus estimate of $127.47 billion. During the same period in the previous year, the business earned $0.31 earnings per share. Amazon.com’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.

Wall Street Analyst Weigh In

A number of brokerages have issued reports on AMZN. Credit Suisse Group cut their target price on Amazon.com from $159.00 to $142.00 and set an “outperform” rating for the company in a research note on Friday, October 28th. Itau BBA Securities initiated coverage on Amazon.com in a report on Tuesday, July 26th. They set an “outperform” rating and a $146.00 price target for the company. UBS Group increased their price target on Amazon.com from $167.00 to $180.00 and gave the stock a “buy” rating in a report on Friday, July 29th. Raymond James lowered their target price on Amazon.com from $164.00 to $130.00 and set an “outperform” rating for the company in a report on Friday, October 28th. Finally, Telsey Advisory Group lowered their target price on Amazon.com from $150.00 to $140.00 and set an “outperform” rating for the company in a report on Friday, October 28th. Two equities 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 data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average price target of $150.77.

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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