St. Johns Investment Management Company LLC Has $2.45 Million Holdings in Amazon.com, Inc. (NASDAQ:AMZN)

St. Johns Investment Management Company LLC boosted its holdings in shares of Amazon.com, Inc. (NASDAQ:AMZN) by 1,912.3% in the second quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 23,061 shares of the e-commerce giant’s stock after acquiring an additional 21,915 shares during the quarter. Amazon.com accounts for about 1.6% of St. Johns Investment Management Company LLC’s investment portfolio, making the stock its 16th largest holding. St. Johns Investment Management Company LLC’s holdings in Amazon.com were worth $2,449,000 as of its most recent SEC filing.

Other institutional investors have also recently bought and sold shares of the company. Savior LLC lifted its holdings in shares of Amazon.com by 1,085.0% during the 2nd quarter. Savior LLC now owns 237 shares of the e-commerce giant’s stock valued at $25,000 after buying an additional 217 shares during the last quarter. Rocky Mountain Advisers LLC lifted its holdings in shares of Amazon.com by 1,311.8% during the 2nd quarter. Rocky Mountain Advisers LLC now owns 240 shares of the e-commerce giant’s stock valued at $25,000 after buying an additional 223 shares during the last quarter. Maryland Capital Advisors Inc. lifted its holdings in shares of Amazon.com by 1,900.0% during the 2nd quarter. Maryland Capital Advisors Inc. now owns 300 shares of the e-commerce giant’s stock valued at $32,000 after buying an additional 285 shares during the last quarter. West Financial Advisors LLC lifted its holdings in Amazon.com by 1,584.2% in the 2nd quarter. West Financial Advisors LLC now owns 320 shares of the e-commerce giant’s stock worth $34,000 after purchasing an additional 301 shares during the last quarter. Finally, Swaine & Leidel Wealth Services LLC acquired a new stake in Amazon.com in the 1st quarter worth approximately $38,000. 57.15% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity at Amazon.com

In related news, CEO Adam Selipsky sold 520 shares of the stock in a transaction that occurred on Wednesday, September 14th. The stock was sold at an average price of $127.43, for a total transaction of $66,263.60. Following the completion of the transaction, the chief executive officer now directly owns 115,680 shares of the company’s stock, valued at $14,741,102.40. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. In other news, CEO Adam Selipsky sold 520 shares of the firm’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 completion of the sale, the chief executive officer now directly owns 115,680 shares of the company’s stock, valued at $14,741,102.40. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, major shareholder Amazon Com Inc sold 250,000 shares of the firm’s stock in a transaction that occurred on Friday, October 7th. The shares were sold at an average price of $23.61, for a total value of $5,902,500.00. Following the completion of the sale, the insider now directly owns 14,178,445 shares of the company’s stock, valued at $334,753,086.45. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 269,412 shares of company stock valued at $7,914,139. Insiders own 12.70% of the company’s stock.

Amazon.com Stock Performance

Shares of NASDAQ AMZN opened at $93.20 on Wednesday. The stock has a 50 day moving average price of $109.13 and a 200 day moving average price of $116.76. Amazon.com, Inc. has a 52 week low of $85.87 and a 52 week high of $181.68. 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 stock has a market capitalization of $950.79 billion, a PE 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 issued its quarterly earnings results on Thursday, October 27th. The e-commerce giant reported $0.28 EPS for the quarter, beating 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 during the quarter, compared to analysts’ expectations of $127.47 billion. During the same period in the prior year, the firm posted $0.31 earnings per share. The business’s quarterly revenue was up 14.7% compared to the same quarter last year. Analysts predict that Amazon.com, Inc. will post 0.74 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

Several equities research analysts recently weighed in on AMZN shares. Oppenheimer reduced their target price on Amazon.com from $165.00 to $130.00 and set an “outperform” rating for the company in a report on Friday, October 28th. Needham & Company LLC dropped their price target on Amazon.com from $175.00 to $120.00 and set a “buy” rating on the stock in a research report on Friday, October 28th. Sanford C. Bernstein lowered their price objective on Amazon.com from $150.00 to $125.00 and set an “outperform” rating on the stock in a research report on Friday, October 28th. The Goldman Sachs Group restated a “buy” rating and set a $175.00 price objective on shares of Amazon.com in a research report on Thursday, August 4th. Finally, Raymond James lowered their price target on Amazon.com from $164.00 to $130.00 and set an “outperform” rating on the stock in a research report on Friday, October 28th. Two investment 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 company. Based on data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $150.77.

About Amazon.com

(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.

Read More

Want to see what other hedge funds are holding AMZN? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Amazon.com, Inc. (NASDAQ:AMZNGet Rating).

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

Receive News & Ratings for Amazon.com Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Amazon.com and related companies with MarketBeat.com's FREE daily email newsletter.