Amazon.com, Inc. (NASDAQ:AMZN) Stake Raised by Saxon Interests Inc.

Saxon Interests Inc. increased its position in shares of Amazon.com, Inc. (NASDAQ:AMZN) by 1.3% in the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 24,355 shares of the e-commerce giant’s stock after purchasing an additional 313 shares during the period. Amazon.com makes up 2.2% of Saxon Interests Inc.’s portfolio, making the stock its 9th largest holding. Saxon Interests Inc.’s holdings in Amazon.com were worth $4,707,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in AMZN. Norges Bank purchased a new position in Amazon.com during the 4th quarter valued at $17,700,551,000. Vanguard Group Inc. boosted its position in Amazon.com by 1.9% during the 1st quarter. Vanguard Group Inc. now owns 785,811,114 shares of the e-commerce giant’s stock valued at $141,744,609,000 after acquiring an additional 14,724,687 shares in the last quarter. Swedbank AB purchased a new position in shares of Amazon.com in the 1st quarter valued at $2,239,757,000. Capital World Investors raised its position in shares of Amazon.com by 64.6% in the 1st quarter. Capital World Investors now owns 29,359,677 shares of the e-commerce giant’s stock worth $5,295,899,000 after acquiring an additional 11,524,463 shares in the last quarter. Finally, Capital Research Global Investors lifted its stake in shares of Amazon.com by 8.5% during the 1st quarter. Capital Research Global Investors now owns 86,982,857 shares of the e-commerce giant’s stock worth $15,689,968,000 after purchasing an additional 6,810,145 shares during the last quarter. 72.20% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

A number of equities research analysts recently commented on AMZN shares. Wolfe Research started coverage on shares of Amazon.com in a research report on Tuesday, July 16th. They set an “outperform” rating and a $250.00 target price for the company. Wedbush reiterated an “outperform” rating and issued a $225.00 price target on shares of Amazon.com in a research note on Friday, August 2nd. TD Cowen boosted their price target on Amazon.com from $225.00 to $245.00 and gave the stock a “buy” rating in a research note on Wednesday, July 10th. Needham & Company LLC lifted their target price on shares of Amazon.com from $205.00 to $210.00 and gave the stock a “buy” rating in a research note on Wednesday, July 17th. Finally, Morgan Stanley decreased their price target on shares of Amazon.com from $240.00 to $210.00 and set an “overweight” rating for the company in a report on Tuesday, August 6th. One equities research analyst has rated the stock with a hold rating, forty have assigned a buy rating and one has given a strong buy rating to the company. According to MarketBeat.com, Amazon.com currently has an average rating of “Buy” and an average price target of $222.31.

Insider Buying and Selling at Amazon.com

In other news, SVP David Zapolsky sold 4,710 shares of Amazon.com stock in a transaction on Thursday, June 27th. The stock was sold at an average price of $195.00, for a total value of $918,450.00. Following the completion of the sale, the senior vice president now directly owns 59,500 shares of the company’s stock, valued at $11,602,500. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. In other news, SVP David Zapolsky sold 4,710 shares of the stock in a transaction dated Thursday, June 27th. The shares were sold at an average price of $195.00, for a total transaction of $918,450.00. Following the sale, the senior vice president now owns 59,500 shares of the company’s stock, valued at $11,602,500. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CEO Andrew R. Jassy sold 20,784 shares of Amazon.com stock in a transaction that occurred on Wednesday, August 21st. The shares were sold at an average price of $180.77, for a total transaction of $3,757,123.68. Following the completion of the transaction, the chief executive officer now owns 2,056,534 shares of the company’s stock, valued at approximately $371,759,651.18. The disclosure for this sale can be found here. Insiders have sold a total of 6,104,317 shares of company stock valued at $1,220,621,322 over the last quarter. 10.80% of the stock is owned by company insiders.

Amazon.com Stock Down 1.3 %

Shares of AMZN opened at $176.25 on Wednesday. The company’s 50-day moving average price is $182.34 and its 200 day moving average price is $181.26. Amazon.com, Inc. has a 12-month low of $118.35 and a 12-month high of $201.20. The company has a current ratio of 1.10, a quick ratio of 0.88 and a debt-to-equity ratio of 0.23. The firm has a market cap of $1.83 trillion, a P/E ratio of 49.37, a price-to-earnings-growth ratio of 1.34 and a beta of 1.15.

Amazon.com (NASDAQ:AMZN) last released its quarterly earnings results on Thursday, August 1st. The e-commerce giant reported $1.23 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.05 by $0.18. The business had revenue of $147.98 billion for the quarter, compared to the consensus estimate of $148.63 billion. Amazon.com had a net margin of 7.35% and a return on equity of 21.39%. On average, sell-side analysts forecast that Amazon.com, Inc. will post 4.86 earnings per share for the current year.

About Amazon.com

Amazon.com, Inc engages in the retail sale of consumer products, advertising, and subscriptions service through online and physical stores in North America and internationally. The company operates through three segments: North America, International, and Amazon Web Services (AWS). It also manufactures and sells electronic devices, including Kindle, Fire tablets, Fire TVs, Echo, Ring, Blink, and eero; and develops and produces media content.