Gould Capital LLC Buys 9,081 Shares of Amazon.com, Inc. (NASDAQ:AMZN)

Gould Capital LLC boosted its stake in Amazon.com, Inc. (NASDAQ:AMZN) by 1,915.8% during the 2nd quarter, HoldingsChannel.com reports. The fund owned 9,555 shares of the e-commerce giant’s stock after acquiring an additional 9,081 shares during the period. Gould Capital LLC’s holdings in Amazon.com were worth $1,015,000 at the end of the most recent quarter.

Several other institutional investors have also added to or reduced their stakes in AMZN. Savior LLC boosted its holdings in Amazon.com by 1,085.0% in the second quarter. Savior LLC now owns 237 shares of the e-commerce giant’s stock valued at $25,000 after acquiring an additional 217 shares during the last quarter. Rocky Mountain Advisers LLC boosted its holdings in Amazon.com by 1,311.8% in the second quarter. Rocky Mountain Advisers LLC now owns 240 shares of the e-commerce giant’s stock valued at $25,000 after acquiring an additional 223 shares during the last quarter. Maryland Capital Advisors Inc. boosted its holdings in Amazon.com by 1,900.0% in the second quarter. Maryland Capital Advisors Inc. now owns 300 shares of the e-commerce giant’s stock valued at $32,000 after acquiring an additional 285 shares during the last quarter. West Financial Advisors LLC boosted its holdings in Amazon.com by 1,584.2% in the second quarter. West Financial Advisors LLC now owns 320 shares of the e-commerce giant’s stock valued at $34,000 after acquiring an additional 301 shares during the last quarter. Finally, Swaine & Leidel Wealth Services LLC bought a new position in shares of Amazon.com during the 1st quarter worth approximately $38,000. 57.15% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

A number of equities analysts have issued reports on the company. Needham & Company LLC cut their price target on Amazon.com from $175.00 to $120.00 and set a “buy” rating on the stock in a report on Friday, October 28th. Erste Group Bank cut Amazon.com from a “buy” rating to a “hold” rating in a report on Friday, November 18th. Wolfe Research cut their price target on Amazon.com from $150.00 to $130.00 and set an “outperform” rating on the stock in a report on Friday, October 28th. Citigroup cut their price target on Amazon.com from $185.00 to $145.00 and set a “buy” rating on the stock in a report on Friday, October 28th. Finally, MKM Partners cut their price target on Amazon.com to $145.00 in a report on Tuesday, November 1st. Two investment analysts have rated the stock with a sell rating, three have assigned a hold rating and forty-two have assigned a buy rating to the company. According to MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus price target of $150.77.

Amazon.com Stock Up 0.8 %

AMZN stock opened at $93.20 on Wednesday. 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 capitalization 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 fifty-two week low of $85.87 and a fifty-two week high of $181.68. The stock has a fifty day moving average of $109.13 and a 200-day moving average of $116.76.

Amazon.com (NASDAQ:AMZNGet Rating) last posted its quarterly earnings results on Thursday, October 27th. The e-commerce giant reported $0.28 earnings per share for the quarter, topping the consensus estimate of $0.22 by $0.06. The company had revenue of $127.10 billion during the quarter, compared to the consensus estimate of $127.47 billion. Amazon.com had a return on equity of 14.44% and a net margin of 2.25%. The firm’s quarterly revenue was up 14.7% compared to the same quarter last year. During the same quarter in the prior year, the company earned $0.31 EPS. As a group, equities research analysts predict that Amazon.com, Inc. will post 0.74 earnings per share for the current year.

Insider Transactions at Amazon.com

In other Amazon.com news, Director Daniel P. Huttenlocher sold 1,720 shares of the firm’s stock in a transaction dated 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 owns 22,440 shares in the company, valued at approximately $2,147,508. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. In other Amazon.com news, Director Daniel P. Huttenlocher sold 1,720 shares of the firm’s stock in a transaction dated 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 owns 22,440 shares in the company, valued at approximately $2,147,508. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, CEO Adam Selipsky sold 345 shares of the firm’s stock in a transaction dated Tuesday, November 1st. The stock was sold at an average price of $102.00, for a total value of $35,190.00. Following the completion of the transaction, the chief executive officer now owns 112,795 shares of the company’s stock, valued at approximately $11,505,090. The disclosure for this sale can be found here. In the last 90 days, insiders sold 269,412 shares of company stock worth $7,914,139. 12.70% of the stock is owned by company insiders.

Amazon.com Company Profile

(Get Rating)

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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