Amazon.com, Inc. (NASDAQ:AMZN) Shares Purchased by Caldwell Sutter Capital Inc.

Caldwell Sutter Capital Inc. boosted its stake in Amazon.com, Inc. (NASDAQ:AMZN) by 19.0% during the 2nd quarter, HoldingsChannel.com reports. The fund owned 3,518 shares of the e-commerce giant’s stock after purchasing an additional 561 shares during the period. Caldwell Sutter Capital Inc.’s holdings in Amazon.com were worth $680,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors have also recently added to or reduced their stakes in the stock. Elser Financial Planning Inc acquired a new position in Amazon.com during the 2nd quarter worth approximately $840,000. Fifth Third Wealth Advisors LLC increased its position in Amazon.com by 123.6% during the 2nd quarter. Fifth Third Wealth Advisors LLC now owns 168,309 shares of the e-commerce giant’s stock worth $32,526,000 after purchasing an additional 93,020 shares during the period. Diversified Portfolios Inc. increased its position in Amazon.com by 69.3% during the 2nd quarter. Diversified Portfolios Inc. now owns 13,591 shares of the e-commerce giant’s stock worth $2,626,000 after purchasing an additional 5,561 shares during the period. Crescent Grove Advisors LLC increased its position in Amazon.com by 5.9% during the 2nd quarter. Crescent Grove Advisors LLC now owns 20,011 shares of the e-commerce giant’s stock worth $3,867,000 after purchasing an additional 1,114 shares during the period. Finally, Orgel Wealth Management LLC increased its position in Amazon.com by 7.7% during the 2nd quarter. Orgel Wealth Management LLC now owns 2,628 shares of the e-commerce giant’s stock worth $508,000 after purchasing an additional 188 shares during the period. Institutional investors and hedge funds own 72.20% of the company’s stock.

Amazon.com Stock Up 2.3 %

Shares of NASDAQ AMZN opened at $175.40 on Tuesday. Amazon.com, Inc. has a 12-month low of $118.35 and a 12-month high of $201.20. The company has a market cap of $1.84 trillion, a P/E ratio of 49.13, a P/E/G ratio of 1.29 and a beta of 1.14. 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 stock has a fifty day moving average price of $180.66 and a 200 day moving average price of $181.39.

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

Insider Activity at Amazon.com

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

Analyst Ratings Changes

AMZN has been the topic of several recent analyst reports. Itau BBA Securities cut Amazon.com from an “outperform” rating to a “market perform” rating and set a $186.00 target price on the stock. in a research report on Friday, August 2nd. Benchmark restated a “buy” rating and issued a $200.00 price target on shares of Amazon.com in a report on Friday, August 2nd. Morgan Stanley lowered their price target on Amazon.com from $240.00 to $210.00 and set an “overweight” rating on the stock in a report on Tuesday, August 6th. Sanford C. Bernstein upped their price target on Amazon.com from $210.00 to $215.00 and gave the stock an “outperform” rating in a report on Monday, July 22nd. Finally, Tigress Financial upped their price target on Amazon.com from $210.00 to $245.00 and gave the stock a “buy” rating in a report on Thursday, May 30th. One analyst has rated the stock with a hold rating, forty have issued a buy rating and two have assigned a strong buy rating to the stock. According to MarketBeat, the company presently has a consensus rating of “Buy” and a consensus target price of $222.49.

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.