Encompass Wealth Advisors LLC Increases Stock Position in Amazon.com, Inc. (NASDAQ:AMZN)

Encompass Wealth Advisors LLC increased its stake in shares of Amazon.com, Inc. (NASDAQ:AMZN) by 2,204.2% in the second quarter, HoldingsChannel.com reports. The institutional investor owned 20,830 shares of the e-commerce giant’s stock after buying an additional 19,926 shares during the quarter. Amazon.com makes up about 0.8% of Encompass Wealth Advisors LLC’s portfolio, making the stock its 27th largest position. Encompass Wealth Advisors LLC’s holdings in Amazon.com were worth $2,212,000 at the end of the most recent quarter.

A number of other large investors have also added to or reduced their stakes in AMZN. Savior LLC increased its holdings in Amazon.com by 1,085.0% during the second quarter. Savior LLC now owns 237 shares of the e-commerce giant’s stock worth $25,000 after buying an additional 217 shares during the last quarter. Rocky Mountain Advisers LLC increased its holdings in Amazon.com by 1,311.8% during the second quarter. Rocky Mountain Advisers LLC now owns 240 shares of the e-commerce giant’s stock worth $25,000 after buying an additional 223 shares during the last quarter. Maryland Capital Advisors Inc. increased its holdings in Amazon.com by 1,900.0% during the second quarter. Maryland Capital Advisors Inc. now owns 300 shares of the e-commerce giant’s stock worth $32,000 after buying an additional 285 shares during the last quarter. West Financial Advisors LLC increased its holdings in Amazon.com by 1,584.2% during the second quarter. West Financial Advisors LLC now owns 320 shares of the e-commerce giant’s stock worth $34,000 after buying an additional 301 shares during the last quarter. Finally, Swaine & Leidel Wealth Services LLC purchased a new stake in Amazon.com during the first quarter worth about $38,000. Hedge funds and other institutional investors own 57.15% of the company’s stock.

Analyst Upgrades and Downgrades

AMZN has been the subject of a number of research analyst reports. Jefferies Financial Group decreased their price objective on shares of Amazon.com from $165.00 to $135.00 and set a “buy” rating for the company in a report on Friday, October 28th. Oppenheimer cut their target price on shares of Amazon.com from $165.00 to $130.00 and set an “outperform” rating for the company in a research report on Friday, October 28th. MKM Partners cut their target price on shares of Amazon.com to $145.00 in a research report on Tuesday, November 1st. Erste Group Bank lowered shares of Amazon.com from a “buy” rating to a “hold” rating in a research report on Friday, November 18th. Finally, Rosenblatt Securities cut their target price on shares of Amazon.com from $118.00 to $103.00 and set a “neutral” rating for the company in a research report on Monday, November 14th. Two research 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 company’s stock. According to data from MarketBeat.com, Amazon.com has an average rating of “Moderate Buy” and an average target price of $150.77.

Amazon.com Stock Performance

Shares of Amazon.com stock opened at $93.20 on Wednesday. Amazon.com, Inc. has a 1 year low of $85.87 and a 1 year high of $181.68. The firm’s 50-day moving average is $109.13 and its 200 day moving average is $116.76. 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 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 (NASDAQ:AMZNGet Rating) last issued its earnings results on Thursday, October 27th. The e-commerce giant reported $0.28 earnings per share 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 business had revenue of $127.10 billion during the quarter, compared to analyst estimates of $127.47 billion. During the same quarter in the previous year, the firm earned $0.31 EPS. Amazon.com’s revenue was up 14.7% on a year-over-year basis. Sell-side analysts anticipate that Amazon.com, Inc. will post 0.74 EPS for the current fiscal year.

Insider Activity

In other news, CEO Douglas J. Herrington sold 15,787 shares of the company’s stock in a transaction dated Tuesday, November 15th. The shares were sold at an average price of $103.10, for a total transaction of $1,627,639.70. Following the completion of the sale, the chief executive officer now owns 522,251 shares of the company’s stock, valued at approximately $53,844,078.10. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. In other Amazon.com news, CEO Douglas J. Herrington sold 15,787 shares of the stock in a transaction 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 sale, the chief executive officer now owns 522,251 shares in the company, valued at $53,844,078.10. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Also, CEO Adam Selipsky sold 520 shares of the stock in a transaction 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 completion of 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 269,412 shares of company stock valued at $7,914,139 in the last quarter. 12.70% of the stock is currently owned by insiders.

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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