Winslow Asset Management Inc. Buys 5,339 Shares of Amazon.com, Inc. (NASDAQ:AMZN)

Winslow Asset Management Inc. lifted its stake in Amazon.com, Inc. (NASDAQ:AMZN) by 1,900.0% in the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 5,620 shares of the e-commerce giant’s stock after acquiring an additional 5,339 shares during the period. Winslow Asset Management Inc.’s holdings in Amazon.com were worth $597,000 at the end of the most recent quarter.

Several other large investors have also recently made changes to their positions in AMZN. Savior LLC grew its stake in 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 buying an additional 217 shares during the last quarter. Rocky Mountain Advisers LLC grew its stake in 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 buying an additional 223 shares during the last quarter. Maryland Capital Advisors Inc. grew its stake in 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 buying an additional 285 shares during the last quarter. West Financial Advisors LLC grew its stake in 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 buying an additional 301 shares during the last quarter. Finally, Swaine & Leidel Wealth Services LLC purchased a new position in Amazon.com during the 1st quarter worth $38,000. 57.15% of the stock is owned by institutional investors.

Insider Buying and Selling

In related news, CEO Adam Selipsky sold 520 shares of the stock in a transaction that occurred on Thursday, September 29th. The stock was sold at an average price of $114.61, for a total value of $59,597.20. Following the completion of the transaction, the chief executive officer now directly owns 114,660 shares in the company, valued at $13,141,182.60. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. In related news, CEO Adam Selipsky sold 520 shares of the stock in a transaction that occurred on Thursday, September 29th. The stock was sold at an average price of $114.61, for a total value of $59,597.20. Following the completion of the transaction, the chief executive officer now directly owns 114,660 shares in the company, valued at $13,141,182.60. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Also, CEO Douglas J. Herrington sold 15,787 shares of the firm’s stock in a transaction on 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 owns 522,251 shares of the company’s stock, valued at $53,844,078.10. The disclosure for this sale can be found here. Over the last three months, insiders sold 303,988 shares of company stock worth $11,164,283. Company insiders own 12.70% of the company’s stock.

Analyst Ratings Changes

Several brokerages recently weighed in on AMZN. DA Davidson dropped their target price on Amazon.com from $151.00 to $114.00 and set a “buy” rating on the stock in a research note on Friday, October 28th. Raymond James dropped their price target on Amazon.com from $164.00 to $130.00 and set an “outperform” rating on the stock in a research note on Friday, October 28th. Moffett Nathanson started coverage on Amazon.com in a research note on Tuesday, November 15th. They set an “outperform” rating and a $118.00 price target on the stock. Cowen dropped their price target 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, JPMorgan Chase & Co. dropped their price target on Amazon.com from $175.00 to $145.00 and set an “overweight” rating on the stock in a research note on Friday, October 28th. Two investment analysts have rated the stock with a sell rating, three have given a hold rating and forty-one have given a buy rating to the company’s stock. According to MarketBeat, Amazon.com presently has a consensus rating of “Moderate Buy” and an average target price of $149.40.

Amazon.com Price Performance

AMZN stock opened at $94.13 on Thursday. The company has a debt-to-equity ratio of 0.43, a current ratio of 0.94 and a quick ratio of 0.68. The business has a 50 day simple moving average of $109.13 and a 200-day simple moving average of $116.76. The firm has a market capitalization of $960.28 billion, a PE ratio of 86.40, a price-to-earnings-growth ratio of 6.18 and a beta of 1.23. Amazon.com, Inc. has a 1 year low of $85.87 and a 1 year high of $181.68.

Amazon.com (NASDAQ:AMZNGet Rating) last posted its quarterly 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. The business had revenue of $127.10 billion during 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%. The business’s revenue was up 14.7% compared to the same quarter last year. During the same period in the prior year, the business earned $0.31 earnings per share. Equities research analysts anticipate that Amazon.com, Inc. will post 0.74 earnings per share for the current fiscal year.

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.

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

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