Silvant Capital Management LLC Has $19.30 Million Stock Holdings in Amazon.com, Inc. (NASDAQ:AMZN)

Silvant Capital Management LLC raised its stake in Amazon.com, Inc. (NASDAQ:AMZN) by 1,893.9% in the 2nd quarter, HoldingsChannel.com reports. The firm owned 181,720 shares of the e-commerce giant’s stock after acquiring an additional 172,606 shares during the period. Amazon.com comprises 4.7% of Silvant Capital Management LLC’s holdings, making the stock its 3rd largest position. Silvant Capital Management LLC’s holdings in Amazon.com were worth $19,301,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Elkhorn Partners Limited Partnership raised its holdings in shares of Amazon.com by 800.0% during the first quarter. Elkhorn Partners Limited Partnership now owns 18 shares of the e-commerce giant’s stock valued at $59,000 after acquiring an additional 16 shares in the last quarter. Dravo Bay LLC bought a new position in shares of Amazon.com during the first quarter valued at approximately $72,000. Cordant Inc. bought a new position in shares of Amazon.com during the first quarter valued at approximately $150,000. Moisand Fitzgerald Tamayo LLC raised its holdings in shares of Amazon.com by 36.1% during the first quarter. Moisand Fitzgerald Tamayo LLC now owns 49 shares of the e-commerce giant’s stock valued at $160,000 after acquiring an additional 13 shares in the last quarter. Finally, Evolution Advisers Inc. grew its stake in Amazon.com by 900.0% in the first quarter. Evolution Advisers Inc. now owns 50 shares of the e-commerce giant’s stock worth $162,000 after purchasing an additional 45 shares during the period. Institutional investors own 57.15% of the company’s stock.

Wall Street Analysts Forecast Growth

AMZN has been the topic of several recent research reports. Erste Group Bank cut Amazon.com from a “buy” rating to a “hold” rating in a research note on Friday, November 18th. StockNews.com initiated coverage on Amazon.com in a research note on Wednesday, October 12th. They issued a “hold” rating on the stock. Deutsche Bank Aktiengesellschaft reduced their price target on Amazon.com from $150.00 to $130.00 and set a “buy” rating on the stock in a research note on Friday, October 28th. Cowen reduced their price target on Amazon.com from $195.00 to $150.00 and set an “outperform” rating on the stock in a research note on Friday, October 28th. Finally, Wells Fargo & Company cut their target price on Amazon.com from $200.00 to $155.00 and set an “overweight” rating on the stock in a research note 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 issued a buy rating to the company. According to data from MarketBeat.com, Amazon.com has an average rating of “Moderate Buy” and a consensus target price of $150.77.

Amazon.com Stock Up 0.8 %

NASDAQ AMZN opened at $93.20 on Wednesday. The stock’s 50-day moving average price is $109.13 and its 200-day moving average price is $116.76. 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, Inc. has a 52 week low of $85.87 and a 52 week high of $181.68. The company has a market capitalization of $950.79 billion, a P/E ratio of 85.54, a price-to-earnings-growth ratio of 6.29 and a beta of 1.23.

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

Insider Buying and Selling

In related news, Director Daniel P. Huttenlocher sold 1,720 shares of the stock in a transaction dated Thursday, November 17th. The stock was sold at an average price of $95.70, for a total transaction of $164,604.00. Following the completion of the sale, the director now owns 22,440 shares in the company, valued at $2,147,508. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. In related news, Director Daniel P. Huttenlocher sold 1,720 shares of the stock in a transaction dated Thursday, November 17th. The stock was sold at an average price of $95.70, for a total transaction of $164,604.00. Following the completion of the sale, the director now owns 22,440 shares in the company, valued at $2,147,508. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CEO Adam Selipsky sold 520 shares of the stock in a transaction dated Thursday, September 29th. The stock was sold at an average price of $114.61, for a total value of $59,597.20. Following the sale, the chief executive officer now owns 114,660 shares of the company’s stock, valued at approximately $13,141,182.60. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 269,412 shares of company stock worth $7,914,139. 12.70% of the stock is owned by corporate 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.

Further Reading

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Institutional Ownership by Quarter for Amazon.com (NASDAQ:AMZN)

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