Advisory Alpha LLC increased its holdings in Amazon.com, Inc. (NASDAQ:AMZN – Get Rating) by 2,011.7% in the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 17,020 shares of the e-commerce giant's stock after acquiring an additional 16,214 shares during the period. Advisory Alpha LLC's holdings in Amazon.com were worth $1,808,000 at the end of the most recent reporting period.
Several other hedge funds have also recently bought and sold shares of AMZN. Cinctive Capital Management LP purchased a new stake in Amazon.com in the 4th quarter worth about $1,460,000. MFA Wealth Advisors LLC lifted its stake in Amazon.com by 0.8% in the 4th quarter. MFA Wealth Advisors LLC now owns 1,946 shares of the e-commerce giant's stock worth $6,486,000 after acquiring an additional 15 shares in the last quarter. Means Investment CO. Inc. lifted its stake in Amazon.com by 4.4% in the 4th quarter. Means Investment CO. Inc. now owns 11,494 shares of the e-commerce giant's stock worth $38,325,000 after acquiring an additional 488 shares in the last quarter. Marietta Investment Partners LLC increased its position in Amazon.com by 1.6% in the 4th quarter. Marietta Investment Partners LLC now owns 1,375 shares of the e-commerce giant's stock worth $4,585,000 after purchasing an additional 21 shares during the last quarter. Finally, Mane Global Capital Management LP acquired a new position in Amazon.com in the 4th quarter worth about $50,562,000. 57.15% of the stock is owned by hedge funds and other institutional investors.
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In other news, CEO Adam Selipsky sold 520 shares of the company's stock in a transaction dated Thursday, September 29th. The shares were sold at an average price of $114.61, for a total value of $59,597.20. Following the sale, the chief executive officer now 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 can be accessed through the SEC website. In other news, CEO Adam Selipsky sold 520 shares of the company's stock in a transaction dated Thursday, September 29th. The shares were sold at an average price of $114.61, for a total value of $59,597.20. Following the sale, the chief executive officer now 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 can be accessed through the SEC website. Also, VP Shelley Reynolds sold 3,480 shares of the company's stock in a transaction dated Monday, August 22nd. The stock was sold at an average price of $134.23, for a total transaction of $467,120.40. Following the completion of the sale, the vice president now directly owns 119,780 shares in the company, valued at approximately $16,078,069.40. The disclosure for this sale can be found here. In the last quarter, insiders have sold 71,148 shares of company stock valued at $9,862,196. 12.70% of the stock is owned by insiders.
Amazon.com Trading Up 2.5 %
Shares of AMZN stock opened at $115.88 on Tuesday. Amazon.com, Inc. has a 52-week low of $101.26 and a 52-week high of $188.11. The stock has a market cap of $1.18 trillion, a price-to-earnings ratio of 103.88, a P/E/G ratio of 5.07 and a beta of 1.33. The company has a debt-to-equity ratio of 0.44, a quick ratio of 0.68 and a current ratio of 0.95. The firm has a fifty day moving average of $129.70 and a 200-day moving average of $128.31.Amazon.com (NASDAQ:AMZN – Get Rating) last posted its earnings results on Thursday, July 28th. The e-commerce giant reported $0.10 earnings per share for the quarter, missing the consensus estimate of $0.15 by ($0.05). Amazon.com had a return on equity of 15.79% and a net margin of 2.39%. The firm had revenue of $121.23 billion during the quarter, compared to the consensus estimate of $119.16 billion. During the same period in the previous year, the company posted $0.76 EPS. The firm's revenue for the quarter was up 7.2% compared to the same quarter last year. On average, equities research analysts forecast that Amazon.com, Inc. will post 0.98 earnings per share for the current fiscal year.
Analyst Ratings Changes
Several brokerages have weighed in on AMZN. Mizuho dropped their target price on Amazon.com from $197.50 to $155.00 and set a "buy" rating on the stock in a research report on Thursday, July 21st. They noted that the move was a valuation call. The Goldman Sachs Group reaffirmed a "buy" rating and issued a $175.00 target price on shares of Amazon.com in a research report on Thursday, August 4th. Wolfe Research upped their target price on Amazon.com from $140.00 to $170.00 and gave the stock an "outperform" rating in a research report on Friday, July 29th. Itaú Unibanco began coverage on Amazon.com in a research report on Tuesday, July 26th. They issued an "outperform" rating and a $146.00 target price on the stock. Finally, Stifel Nicolaus dropped their target price on Amazon.com from $190.00 to $185.00 in a research report on Friday, July 15th. Two analysts have rated the stock with a sell rating, two have assigned a hold rating and thirty-seven have given a buy rating to the stock. Based on data from MarketBeat, the stock has an average rating of "Moderate Buy" and an average target price of $176.05.
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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