AR Asset Management Inc. Increases Stake in Amazon.com, Inc. (NASDAQ:AMZN)

AR Asset Management Inc. grew its stake in shares of Amazon.com, Inc. (NASDAQ:AMZN) by 1,908.7% during the second quarter, HoldingsChannel.com reports. The fund owned 9,260 shares of the e-commerce giant’s stock after buying an additional 8,799 shares during the quarter. AR Asset Management Inc.’s holdings in Amazon.com were worth $984,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors have also recently made changes to their positions in the company. LRT Capital Management LLC bought a new position in shares of Amazon.com in the 1st quarter worth approximately $939,000. Bellecapital International Ltd. raised its position in shares of Amazon.com by 1,993.8% during 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 during the last quarter. Van Hulzen Asset Management LLC grew its holdings 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 purchasing an additional 82 shares in the last quarter. Bouchey Financial Group Ltd grew its holdings 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 purchasing an additional 152,790 shares in the last quarter. Finally, Ervin Investment Management LLC grew its holdings 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 purchasing an additional 2,793 shares in the last quarter. Hedge funds and other institutional investors own 57.15% of the company’s stock.

Amazon.com Price Performance

Shares of NASDAQ AMZN opened at $93.20 on Wednesday. The business’s 50 day moving average price is $109.13 and its 200 day moving average price is $116.76. The firm has a market cap of $950.79 billion, a P/E ratio of 85.54, a P/E/G ratio of 6.29 and a beta of 1.23. Amazon.com, Inc. has a 52 week low of $85.87 and a 52 week high of $181.68. The company has a quick ratio of 0.68, a current ratio of 0.94 and a debt-to-equity ratio of 0.43.

Amazon.com (NASDAQ:AMZNGet Rating) last issued its earnings results on Thursday, October 27th. The e-commerce giant reported $0.28 EPS for the quarter, beating analysts’ consensus estimates of $0.22 by $0.06. The firm had revenue of $127.10 billion for the quarter, compared to analyst estimates of $127.47 billion. Amazon.com had a return on equity of 14.44% and a net margin of 2.25%. Amazon.com’s revenue for the quarter was up 14.7% on a year-over-year basis. During the same quarter in the prior year, the firm earned $0.31 earnings per share. On average, sell-side analysts expect that Amazon.com, Inc. will post 0.74 earnings per share for the current year.

Wall Street Analysts Forecast Growth

A number of research analysts recently weighed in on AMZN shares. Deutsche Bank Aktiengesellschaft cut their target price on shares of Amazon.com from $150.00 to $130.00 and set a “buy” rating for the company in a report on Friday, October 28th. Sanford C. Bernstein cut their target price on shares of Amazon.com from $150.00 to $125.00 and set an “outperform” rating for the company in a report on Friday, October 28th. Erste Group Bank lowered shares of Amazon.com from a “buy” rating to a “hold” rating in a research note on Friday, November 18th. Barclays dropped their price objective on shares of Amazon.com from $200.00 to $140.00 and set an “overweight” rating for the company in a research note on Friday, October 28th. Finally, MKM Partners dropped their price objective on shares of Amazon.com to $145.00 in a research note on Tuesday, November 1st. 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 stock. According to MarketBeat.com, Amazon.com presently has a consensus rating of “Moderate Buy” and an average price target of $150.77.

Insider Activity at Amazon.com

In other Amazon.com news, CEO Adam Selipsky sold 520 shares of the company’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 sale, the chief executive officer now owns 115,680 shares in the company, valued at approximately $14,741,102.40. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website. In other Amazon.com news, CEO Adam Selipsky sold 520 shares of the company’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 sale, the chief executive officer now owns 115,680 shares in the company, valued at approximately $14,741,102.40. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website. Also, CEO Douglas J. Herrington sold 15,787 shares of the company’s stock in a transaction that occurred on Tuesday, November 15th. The stock was sold at an average price of $103.10, for a total value of $1,627,639.70. Following the completion of the sale, the chief executive officer now owns 522,251 shares in the company, valued at approximately $53,844,078.10. The disclosure for this sale can be found here. Insiders have sold a total of 269,412 shares of company stock worth $7,914,139 over the last quarter. Insiders own 12.70% of the company’s stock.

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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