Tortoise Investment Management LLC Raises Holdings in Amazon.com, Inc. (NASDAQ:AMZN)

Tortoise Investment Management LLC grew its position in shares of Amazon.com, Inc. (NASDAQ:AMZN) by 2,122.2% during the 2nd quarter, according to the company in its most recent disclosure with the SEC. The fund owned 4,400 shares of the e-commerce giant’s stock after purchasing an additional 4,202 shares during the quarter. Tortoise Investment Management LLC’s holdings in Amazon.com were worth $467,000 as of its most recent filing with the SEC.

Other hedge funds also recently made changes to their positions in the company. Baker Avenue Asset Management LP grew its holdings in shares of Amazon.com by 1,910.8% during the second quarter. Baker Avenue Asset Management LP now owns 181,452 shares of the e-commerce giant’s stock worth $19,272,000 after buying an additional 172,428 shares during the last quarter. Silvant Capital Management LLC grew its holdings in shares of Amazon.com by 1,893.9% during the second quarter. Silvant Capital Management LLC now owns 181,720 shares of the e-commerce giant’s stock worth $19,301,000 after buying an additional 172,606 shares during the last quarter. Darwin Advisors LLC grew its holdings in shares of Amazon.com by 1,869.3% during the second quarter. Darwin Advisors LLC now owns 43,522 shares of the e-commerce giant’s stock worth $5,839,000 after buying an additional 41,312 shares during the last quarter. Advisors Management Group Inc. ADV grew its holdings in shares of Amazon.com by 1,982.6% during the second quarter. Advisors Management Group Inc. ADV now owns 3,228 shares of the e-commerce giant’s stock worth $343,000 after buying an additional 3,073 shares during the last quarter. Finally, Strategic Advisors LLC grew its holdings in shares of Amazon.com by 1,859.7% during the second quarter. Strategic Advisors LLC now owns 156,070 shares of the e-commerce giant’s stock worth $16,576,000 after buying an additional 148,106 shares during the last quarter. Hedge funds and other institutional investors own 57.15% of the company’s stock.

Insider Buying and Selling

In related news, CEO Adam Selipsky sold 520 shares of the company’s stock in a transaction on Thursday, September 29th. The shares were sold at an average price of $114.61, for a total transaction of $59,597.20. Following the completion of the sale, the chief executive officer now directly owns 114,660 shares of the company’s stock, valued at approximately $13,141,182.60. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. In related news, CEO Adam Selipsky sold 520 shares of the company’s stock in a transaction on Thursday, September 29th. The shares were sold at an average price of $114.61, for a total transaction of $59,597.20. Following the completion of the sale, the chief executive officer now directly owns 114,660 shares of the company’s stock, valued at approximately $13,141,182.60. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, major shareholder Amazon Com Inc sold 250,000 shares of the company’s stock in a transaction on Friday, October 7th. The stock was sold at an average price of $23.61, for a total transaction of $5,902,500.00. Following 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. In the last three months, insiders sold 269,412 shares of company stock valued at $7,914,139. Company insiders own 12.70% of the company’s stock.

Amazon.com Stock Up 0.8 %

Shares of NASDAQ AMZN opened at $93.20 on Wednesday. Amazon.com, Inc. has a 52-week low of $85.87 and a 52-week high of $181.68. The firm has a fifty day moving average of $109.13 and a 200-day moving average of $116.76. The stock has a market capitalization of $950.79 billion, a PE ratio of 85.54, a P/E/G ratio of 6.29 and a beta of 1.23. 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 announced its quarterly earnings data on Thursday, October 27th. The e-commerce giant reported $0.28 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.22 by $0.06. Amazon.com had a net margin of 2.25% and a return on equity of 14.44%. The company had revenue of $127.10 billion during the quarter, compared to analysts’ expectations of $127.47 billion. During the same period in the previous year, the company earned $0.31 EPS. The business’s quarterly revenue was up 14.7% compared to the same quarter last year. On average, analysts anticipate that Amazon.com, Inc. will post 0.74 EPS for the current year.

Analyst Ratings Changes

AMZN has been the topic of a number of analyst reports. Tigress Financial lowered their price objective on Amazon.com from $232.00 to $192.00 and set a “buy” rating on the stock in a report on Wednesday, November 2nd. JPMorgan Chase & Co. lowered their price objective on Amazon.com from $175.00 to $145.00 and set an “overweight” rating on the stock in a report on Friday, October 28th. JMP Securities lowered their price objective on Amazon.com from $150.00 to $140.00 and set an “outperform” rating on the stock in a report on Friday, October 28th. Morgan Stanley lowered their price objective on Amazon.com from $175.00 to $140.00 and set an “overweight” rating on the stock in a report on Friday, October 28th. Finally, Mizuho lowered their price objective on Amazon.com from $155.00 to $135.00 and set a “buy” rating on the stock in a report on Friday, October 28th. Two 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. Based on data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $150.77.

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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