Amazon.com, Inc. (NASDAQ:AMZN) is Intermede Investment Partners Ltd’s 8th Largest Position

Intermede Investment Partners Ltd grew its holdings in Amazon.com, Inc. (NASDAQ:AMZN) by 2,453.2% in the second quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 1,575,116 shares of the e-commerce giant’s stock after buying an additional 1,513,423 shares during the quarter. Amazon.com accounts for 4.6% of Intermede Investment Partners Ltd’s investment portfolio, making the stock its 8th largest position. Intermede Investment Partners Ltd’s holdings in Amazon.com were worth $167,293,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also made changes to their positions in AMZN. Savior LLC increased its position in shares of 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 purchasing an additional 217 shares in the last quarter. Rocky Mountain Advisers LLC increased its position in shares of 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 purchasing an additional 223 shares in the last quarter. Maryland Capital Advisors Inc. increased its position in shares of 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 purchasing an additional 285 shares in the last quarter. West Financial Advisors LLC increased its position in shares of 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 purchasing an additional 301 shares in the last quarter. Finally, Swaine & Leidel Wealth Services LLC purchased a new stake in shares of Amazon.com during the first quarter worth approximately $38,000. 57.15% of the stock is currently owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

AMZN has been the subject of several research reports. Citigroup dropped their price target on Amazon.com from $185.00 to $145.00 and set a “buy” rating for the company in a research report on Friday, October 28th. Wolfe Research lowered their price objective on Amazon.com from $150.00 to $130.00 and set an “outperform” rating on the stock in a research note on Friday, October 28th. Monness Crespi & Hardt lowered their price objective on Amazon.com from $172.00 to $136.00 and set a “buy” rating on the stock in a research note on Friday, October 28th. Cowen lowered their price objective 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, Erste Group Bank lowered Amazon.com from a “buy” rating to a “hold” rating in a research note on Friday, November 18th. Two analysts have rated the stock with a sell rating, three have given a hold rating and forty-one have issued a buy rating to the stock. According to MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus price target of $149.40.

Amazon.com Price Performance

Shares of NASDAQ AMZN opened at $94.13 on Thursday. The stock’s 50-day moving average is $109.13 and its two-hundred 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. Amazon.com, Inc. has a 1-year low of $85.87 and a 1-year high of $181.68. The company has a market cap of $960.28 billion, a price-to-earnings ratio of 86.40, a price-to-earnings-growth ratio of 6.18 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 earnings per share 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 company had revenue of $127.10 billion for the quarter, compared to the consensus estimate of $127.47 billion. During the same quarter in the prior year, the business earned $0.31 EPS. Amazon.com’s revenue was up 14.7% on a year-over-year basis. Analysts forecast that Amazon.com, Inc. will post 0.74 EPS for the current fiscal year.

Insider Activity

In other news, VP Shelley Reynolds sold 3,500 shares of the stock in a transaction dated Monday, November 21st. The stock was sold at an average price of $94.00, for a total value of $329,000.00. Following the transaction, the vice president now owns 119,780 shares in the company, valued at approximately $11,259,320. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. In other news, SVP David Zapolsky sold 8,380 shares of the stock in a transaction dated Monday, November 21st. The stock was sold at an average price of $94.00, for a total value of $787,720.00. Following the transaction, the senior vice president now owns 76,980 shares in the company, valued at approximately $7,236,120. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, VP Shelley Reynolds sold 3,500 shares of the stock in a transaction dated Monday, November 21st. The shares were sold at an average price of $94.00, for a total value of $329,000.00. Following the completion of the transaction, the vice president now owns 119,780 shares in the company, valued at approximately $11,259,320. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 303,988 shares of company stock worth $11,164,283. 12.70% of the stock is currently owned by 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.

Further Reading

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

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