Envestnet Asset Management Inc. Acquires 7,231,797 Shares of Amazon.com, Inc. (NASDAQ:AMZN)

Envestnet Asset Management Inc. increased its holdings in shares of Amazon.com, Inc. (NASDAQ:AMZN) by 2,088.2% in the second quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 7,578,107 shares of the e-commerce giant’s stock after purchasing an additional 7,231,797 shares during the quarter. Envestnet Asset Management Inc.’s holdings in Amazon.com were worth $804,871,000 as of its most recent filing with the SEC.

A number of other large investors have also bought and sold shares of AMZN. Savior LLC grew its stake 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 worth $25,000 after acquiring an additional 217 shares in the last quarter. Rocky Mountain Advisers LLC grew its stake 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 worth $25,000 after acquiring an additional 223 shares in the last quarter. Maryland Capital Advisors Inc. grew its stake 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 worth $32,000 after acquiring an additional 285 shares in the last quarter. West Financial Advisors LLC grew its stake in shares of Amazon.com by 1,584.2% during the 2nd quarter. West Financial Advisors LLC now owns 320 shares of the e-commerce giant’s stock worth $34,000 after acquiring an additional 301 shares in the last quarter. Finally, Swaine & Leidel Wealth Services LLC bought a new position in shares of Amazon.com during the 1st quarter worth approximately $38,000. 57.15% of the stock is owned by institutional investors.

Insider Buying and Selling at Amazon.com

In other Amazon.com news, CEO Adam Selipsky sold 520 shares of Amazon.com stock in a transaction dated Wednesday, September 14th. The stock was sold at an average price of $127.43, for a total value of $66,263.60. Following the transaction, the chief executive officer now owns 115,680 shares in the company, valued at $14,741,102.40. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. In other news, CEO Douglas J. Herrington sold 7,456 shares of Amazon.com stock in a transaction dated Monday, November 21st. The stock was sold at an average price of $94.00, for a total transaction of $700,864.00. Following the sale, the chief executive officer now directly owns 533,435 shares of the company’s stock, valued at $50,142,890. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CEO Adam Selipsky sold 520 shares of Amazon.com stock in a transaction dated Wednesday, September 14th. The shares were sold at an average price of $127.43, for a total value of $66,263.60. Following the sale, the chief executive officer now directly owns 115,680 shares in the company, valued at $14,741,102.40. 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 over the last 90 days. Insiders own 12.70% of the company’s stock.

Analyst Ratings Changes

Several equities analysts have recently weighed in on AMZN shares. Cowen decreased their price target on shares of Amazon.com from $195.00 to $150.00 and set an “outperform” rating for the company in a research note on Friday, October 28th. Wedbush decreased their price target on shares of Amazon.com from $175.00 to $140.00 and set an “outperform” rating for the company in a research note on Friday, October 28th. The Goldman Sachs Group reissued a “buy” rating and issued a $175.00 price objective on shares of Amazon.com in a report on Thursday, August 4th. Sanford C. Bernstein cut their price objective on Amazon.com from $150.00 to $125.00 and set an “outperform” rating for the company in a report on Friday, October 28th. Finally, Jefferies Financial Group cut their price objective on Amazon.com from $165.00 to $135.00 and set a “buy” rating for the company in a report on Friday, October 28th. Two equities research analysts have rated the stock with a sell rating, three have given a hold rating and forty-one have assigned a buy rating to the company. According to data from MarketBeat.com, Amazon.com presently has an average rating of “Moderate Buy” and a consensus target price of $149.40.

Amazon.com Stock Up 1.0 %

Shares of NASDAQ AMZN opened at $94.13 on Thursday. The company has a debt-to-equity ratio of 0.43, a quick ratio of 0.68 and a current ratio of 0.94. Amazon.com, Inc. has a 52 week low of $85.87 and a 52 week high of $181.68. The stock has a market capitalization of $960.28 billion, a P/E ratio of 86.40, a PEG ratio of 6.18 and a beta of 1.23. The stock’s fifty day moving average is $109.13 and its 200 day moving average is $116.76.

Amazon.com (NASDAQ:AMZNGet Rating) last released its earnings results on Thursday, October 27th. The e-commerce giant reported $0.28 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates 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 analysts’ expectations of $127.47 billion. During the same quarter in the previous year, the business posted $0.31 earnings per share. The business’s revenue for the quarter was up 14.7% on a year-over-year basis. Sell-side analysts forecast that Amazon.com, Inc. will post 0.74 earnings per share for the current fiscal year.

Amazon.com 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.

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

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