Thoroughbred Financial Services LLC Buys 133,068 Shares of Amazon.com, Inc. (NASDAQ:AMZN)

Thoroughbred Financial Services LLC boosted its stake in Amazon.com, Inc. (NASDAQ:AMZN) by 2,058.3% during the 2nd quarter, Holdings Channel.com reports. The institutional investor owned 139,533 shares of the e-commerce giant’s stock after buying an additional 133,068 shares during the period. Amazon.com accounts for approximately 2.7% of Thoroughbred Financial Services LLC’s holdings, making the stock its 4th largest position. Thoroughbred Financial Services LLC’s holdings in Amazon.com were worth $14,819,000 as of its most recent SEC filing.

Several other institutional investors have also bought and sold shares of AMZN. Savior LLC raised its position in Amazon.com by 1,085.0% in the 2nd quarter. Savior LLC now owns 237 shares of the e-commerce giant’s stock valued at $25,000 after purchasing an additional 217 shares during the last quarter. Rocky Mountain Advisers LLC raised its position in Amazon.com by 1,311.8% in the 2nd quarter. Rocky Mountain Advisers LLC now owns 240 shares of the e-commerce giant’s stock valued at $25,000 after purchasing an additional 223 shares during the last quarter. Maryland Capital Advisors Inc. raised its position in Amazon.com by 1,900.0% in the 2nd quarter. Maryland Capital Advisors Inc. now owns 300 shares of the e-commerce giant’s stock valued at $32,000 after purchasing an additional 285 shares during the last quarter. West Financial Advisors LLC raised its position 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 valued at $34,000 after purchasing an additional 301 shares during the last quarter. Finally, Swaine & Leidel Wealth Services LLC bought a new position in Amazon.com in the 1st quarter valued at $38,000. Institutional investors and hedge funds own 57.15% of the company’s stock.

Insider Buying and Selling at Amazon.com

In other Amazon.com news, major shareholder Amazon Com Inc sold 250,000 shares of the company’s stock in a transaction that occurred on Friday, October 7th. The stock was sold at an average price of $23.61, for a total value of $5,902,500.00. Following the sale, the insider now owns 14,178,445 shares in the company, valued at $334,753,086.45. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. In other news, CEO Adam Selipsky sold 520 shares of the company’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 transaction, the chief executive officer now owns 115,680 shares of the company’s stock, valued at $14,741,102.40. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, major shareholder Amazon Com Inc sold 250,000 shares of the company’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 transaction, the insider now directly owns 14,178,445 shares in the company, valued at approximately $334,753,086.45. The disclosure for this sale can be found here. Insiders have sold 303,988 shares of company stock worth $11,164,283 over the last 90 days. Company insiders own 12.70% of the company’s stock.

Amazon.com Stock Performance

AMZN opened at $94.13 on Thursday. Amazon.com, Inc. has a 52-week low of $85.87 and a 52-week high of $181.68. The firm has a market capitalization of $960.28 billion, a PE ratio of 86.40, a PEG ratio of 6.18 and a beta of 1.23. 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 business’s 50-day simple moving average is $109.13 and its 200 day simple 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, topping the consensus estimate of $0.22 by $0.06. The business had revenue of $127.10 billion for the quarter, compared to analyst estimates of $127.47 billion. Amazon.com had a return on equity of 14.44% and a net margin of 2.25%. Amazon.com’s revenue was up 14.7% on a year-over-year basis. During the same quarter in the prior year, the company posted $0.31 earnings per share. As a group, sell-side analysts expect that Amazon.com, Inc. will post 0.74 earnings per share for the current fiscal year.

Analysts Set New Price Targets

Several brokerages have issued reports on AMZN. Wolfe Research cut their price objective on Amazon.com from $150.00 to $130.00 and set an “outperform” rating for the company in a research report on Friday, October 28th. Deutsche Bank Aktiengesellschaft dropped their target price on Amazon.com from $150.00 to $130.00 and set a “buy” rating for the company in a research report on Friday, October 28th. Robert W. Baird dropped their target price on Amazon.com from $150.00 to $130.00 and set an “outperform” rating for the company in a research report on Friday, October 28th. MKM Partners dropped their target price on Amazon.com to $145.00 in a research report on Tuesday, November 1st. Finally, JPMorgan Chase & Co. dropped their target price on Amazon.com from $175.00 to $145.00 and set an “overweight” rating for the company in a research report on Friday, October 28th. Two investment analysts have rated the stock with a sell rating, three have issued a hold rating and forty-one have given a buy rating to the company’s stock. Based on data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus price target of $149.40.

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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