Amazon.com, Inc. (NASDAQ:AMZN) Position Boosted by Stewart Asset Management LLC

Stewart Asset Management LLC increased its holdings in Amazon.com, Inc. (NASDAQ:AMZN) by 1,724.6% during the second quarter, Holdings Channel.com reports. The firm owned 100,500 shares of the e-commerce giant’s stock after acquiring an additional 94,992 shares during the quarter. Amazon.com accounts for 8.5% of Stewart Asset Management LLC’s investment portfolio, making the stock its 4th largest holding. Stewart Asset Management LLC’s holdings in Amazon.com were worth $10,674,000 as of its most recent SEC filing.

A number of other large investors also recently added to or reduced their stakes in AMZN. Sage Financial Management Group Inc. raised its position in shares of Amazon.com by 6.5% in the first quarter. Sage Financial Management Group Inc. now owns 66 shares of the e-commerce giant’s stock worth $215,000 after acquiring an additional 4 shares during the period. BlackDiamond Wealth Management Inc. raised its position in shares of Amazon.com by 1.9% in the first quarter. BlackDiamond Wealth Management Inc. now owns 217 shares of the e-commerce giant’s stock worth $707,000 after acquiring an additional 4 shares during the period. BCGM Wealth Management LLC raised its position in shares of Amazon.com by 3.0% in the first quarter. BCGM Wealth Management LLC now owns 172 shares of the e-commerce giant’s stock worth $428,000 after acquiring an additional 5 shares during the period. Aspire Wealth Management Corp raised its position in shares of Amazon.com by 2.4% in the first quarter. Aspire Wealth Management Corp now owns 216 shares of the e-commerce giant’s stock worth $704,000 after acquiring an additional 5 shares during the period. Finally, Lakeside Advisors INC. raised its position in shares of Amazon.com by 7.5% in the first quarter. Lakeside Advisors INC. now owns 72 shares of the e-commerce giant’s stock worth $235,000 after acquiring an additional 5 shares during the period. Hedge funds and other institutional investors own 57.15% of the company’s stock.

Analysts Set New Price Targets

A number of research analysts have weighed in on the stock. Oppenheimer decreased their price objective on shares of Amazon.com from $165.00 to $130.00 and set an “outperform” rating for the company in a research report on Friday, October 28th. Wolfe Research reduced their price target on shares of Amazon.com from $150.00 to $130.00 and set an “outperform” rating for the company in a research report on Friday, October 28th. StockNews.com began coverage on shares of Amazon.com in a research report on Wednesday, October 12th. They set a “hold” rating for the company. The Goldman Sachs Group restated a “buy” rating and set a $175.00 price target on shares of Amazon.com in a research report on Thursday, August 4th. Finally, Deutsche Bank Aktiengesellschaft reduced their price target on shares of Amazon.com from $150.00 to $130.00 and set a “buy” rating for the company in a research report on Friday, October 28th. Two analysts have rated the stock with a sell rating, three have issued a hold rating and forty-one have issued a buy rating to the company. According to MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $149.40.

Insiders Place Their Bets

In other news, CEO Adam Selipsky sold 520 shares of the company’s stock in a transaction dated Thursday, September 29th. The stock was sold at an average price of $114.61, for a total transaction of $59,597.20. Following the completion of the transaction, the chief executive officer now directly owns 114,660 shares of the company’s stock, valued at approximately $13,141,182.60. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. In other news, CEO Adam Selipsky sold 520 shares of the company’s stock in a transaction dated Thursday, September 29th. The stock was sold at an average price of $114.61, for a total transaction of $59,597.20. Following the completion of the transaction, the chief executive officer now directly owns 114,660 shares of the company’s stock, valued at approximately $13,141,182.60. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, CEO Douglas J. Herrington sold 15,787 shares of the company’s stock in a transaction dated Tuesday, November 15th. The stock was sold at an average price of $103.10, for a total value of $1,627,639.70. Following the transaction, the chief executive officer now directly owns 522,251 shares of the company’s stock, valued at $53,844,078.10. The disclosure for this sale can be found here. Insiders have sold a total of 303,988 shares of company stock worth $11,164,283 in the last quarter. 12.70% of the stock is owned by company insiders.

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.

About Amazon.com

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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.

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

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