Highland Financial Advisors LLC Takes $531,000 Position in Amazon.com, Inc. (NASDAQ:AMZN)

Highland Financial Advisors LLC acquired a new position in shares of Amazon.com, Inc. (NASDAQ:AMZN) in the 2nd quarter, Holdings Channel.com reports. The fund acquired 5,000 shares of the e-commerce giant’s stock, valued at approximately $531,000.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Kavar Capital Partners Group LLC raised its stake in Amazon.com by 7.6% in the 1st quarter. Kavar Capital Partners Group LLC now owns 1,121 shares of the e-commerce giant’s stock valued at $3,654,000 after purchasing an additional 79 shares during the last quarter. IFM Investors Pty Ltd grew its holdings in shares of Amazon.com by 21.8% during the first quarter. IFM Investors Pty Ltd now owns 72,911 shares of the e-commerce giant’s stock worth $237,686,000 after buying an additional 13,060 shares in the last quarter. LexAurum Advisors LLC raised its position in shares of Amazon.com by 10.7% in the first quarter. LexAurum Advisors LLC now owns 827 shares of the e-commerce giant’s stock valued at $2,696,000 after buying an additional 80 shares during the last quarter. Ironwood Wealth Management LLC. lifted its stake in shares of Amazon.com by 0.8% during the first quarter. Ironwood Wealth Management LLC. now owns 1,810 shares of the e-commerce giant’s stock valued at $5,901,000 after buying an additional 15 shares during the period. Finally, Redmond Asset Management LLC boosted its position in Amazon.com by 2.9% during the first quarter. Redmond Asset Management LLC now owns 1,836 shares of the e-commerce giant’s stock worth $5,985,000 after acquiring an additional 51 shares during the last quarter. Hedge funds and other institutional investors own 57.15% of the company’s stock.

Amazon.com Stock Up 1.0 %

Shares of Amazon.com stock opened at $94.13 on Friday. The business has a 50-day moving average price of $108.44 and a 200 day moving average price of $116.60. Amazon.com, Inc. has a fifty-two week low of $85.87 and a fifty-two week high of $181.68. The firm has a market cap of $960.28 billion, a P/E ratio of 86.40, a P/E/G ratio of 6.23 and a beta of 1.23. The company has a quick ratio of 0.68, a current ratio of 0.94 and a debt-to-equity ratio of 0.43.

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, beating analysts’ consensus estimates of $0.22 by $0.06. The business had revenue of $127.10 billion during the quarter, compared to the consensus estimate of $127.47 billion. Amazon.com had a return on equity of 14.44% and a net margin of 2.25%. The business’s quarterly revenue was up 14.7% on a year-over-year basis. During the same period in the previous year, the business earned $0.31 EPS. On average, sell-side analysts forecast that Amazon.com, Inc. will post 0.74 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

Several equities research analysts have recently issued reports on AMZN shares. Morgan Stanley decreased their price objective on Amazon.com from $175.00 to $140.00 and set an “overweight” rating on the stock in a report on Friday, October 28th. JMP Securities lowered their price target on Amazon.com from $150.00 to $140.00 and set an “outperform” rating for the company in a report on Friday, October 28th. DA Davidson dropped their price objective on shares of Amazon.com from $151.00 to $114.00 and set a “buy” rating for the company in a research note on Friday, October 28th. Canaccord Genuity Group raised their target price on shares of Amazon.com from $185.00 to $200.00 in a research report on Friday, July 29th. Finally, Rosenblatt Securities dropped their price target on shares of Amazon.com from $118.00 to $103.00 and set a “neutral” rating for the company in a research report on Monday, November 14th. Two investment analysts have rated the stock with a sell rating, three have assigned a hold rating and forty-one have given a buy rating to the company’s stock. According to MarketBeat, Amazon.com presently has an average rating of “Moderate Buy” and a consensus price target of $149.40.

Insider Buying and Selling at Amazon.com

In other news, VP Shelley Reynolds sold 3,500 shares of the firm’s 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 transaction, the vice president now directly owns 119,780 shares in the company, valued at approximately $11,259,320. The transaction was disclosed in a legal filing with the SEC, which is available at this link. In other news, CEO Adam Selipsky sold 520 shares of the company’s stock in a transaction that occurred on 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 $13,141,182.60. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, VP Shelley Reynolds sold 3,500 shares of the firm’s stock in a transaction that occurred on Monday, November 21st. The stock was sold at an average price of $94.00, for a total value of $329,000.00. Following the completion of the sale, the vice president now directly owns 119,780 shares in the company, valued at approximately $11,259,320. The disclosure for this sale can be found here. Insiders 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.

Amazon.com 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.

Featured Stories

Want to see what other hedge funds are holding AMZN? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Amazon.com, Inc. (NASDAQ:AMZNGet Rating).

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

Receive News & Ratings for Amazon.com Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Amazon.com and related companies with MarketBeat.com's FREE daily email newsletter.