Marest Capital LLC Increases Holdings in Amazon.com, Inc. (NASDAQ:AMZN)

Marest Capital LLC boosted its holdings in shares of Amazon.com, Inc. (NASDAQ:AMZN) by 67.3% during the second quarter, Holdings Channel reports. The firm owned 2,557 shares of the e-commerce giant’s stock after acquiring an additional 1,029 shares during the quarter. Amazon.com makes up about 0.4% of Marest Capital LLC’s investment portfolio, making the stock its 11th biggest position. Marest Capital LLC’s holdings in Amazon.com were worth $494,000 at the end of the most recent quarter.

A number of other hedge funds also recently bought and sold shares of AMZN. Brendel Financial Advisors LLC bought a new stake in Amazon.com during the 4th quarter valued at approximately $313,000. OLD National Bancorp IN boosted its position in Amazon.com by 0.8% during the 4th quarter. OLD National Bancorp IN now owns 392,633 shares of the e-commerce giant’s stock valued at $59,657,000 after acquiring an additional 3,270 shares in the last quarter. North Star Asset Management Inc. boosted its position in Amazon.com by 1.0% during the 4th quarter. North Star Asset Management Inc. now owns 200,151 shares of the e-commerce giant’s stock valued at $30,411,000 after acquiring an additional 1,927 shares in the last quarter. Foundry Partners LLC boosted its position in Amazon.com by 20.8% during the 4th quarter. Foundry Partners LLC now owns 2,610 shares of the e-commerce giant’s stock valued at $397,000 after acquiring an additional 450 shares in the last quarter. Finally, GUNN & Co INVESTMENT MANAGEMENT INC. boosted its position in Amazon.com by 291.8% during the 4th quarter. GUNN & Co INVESTMENT MANAGEMENT INC. now owns 28,995 shares of the e-commerce giant’s stock valued at $4,406,000 after acquiring an additional 21,595 shares in the last quarter. Hedge funds and other institutional investors own 72.20% of the company’s stock.

Wall Street Analyst Weigh In

A number of analysts have recently commented on AMZN shares. Itau BBA Securities cut Amazon.com from an “outperform” rating to a “market perform” rating and set a $186.00 price target on the stock. in a research report on Friday, August 2nd. The Goldman Sachs Group dropped their price target on Amazon.com from $250.00 to $230.00 and set a “buy” rating on the stock in a research report on Friday, August 2nd. TD Securities boosted their price target on Amazon.com from $225.00 to $245.00 in a research report on Wednesday, July 10th. Wolfe Research started coverage on Amazon.com in a research report on Tuesday, July 16th. They issued an “outperform” rating and a $250.00 price target on the stock. Finally, BMO Capital Markets boosted their price target on Amazon.com from $220.00 to $230.00 and gave the stock an “outperform” rating in a research report on Thursday, July 25th. One research analyst has rated the stock with a hold rating, forty have assigned a buy rating and two have given a strong buy rating to the stock. Based on data from MarketBeat.com, Amazon.com currently has an average rating of “Buy” and a consensus target price of $222.49.

Amazon.com Trading Up 2.3 %

Shares of AMZN stock opened at $175.40 on Tuesday. Amazon.com, Inc. has a 52-week low of $118.35 and a 52-week high of $201.20. The company has a debt-to-equity ratio of 0.23, a quick ratio of 0.88 and a current ratio of 1.10. The firm has a market capitalization of $1.84 trillion, a PE ratio of 49.13, a PEG ratio of 1.29 and a beta of 1.14. The stock has a fifty day simple moving average of $180.66 and a two-hundred day simple moving average of $181.39.

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

Insiders Place Their Bets

In other Amazon.com news, CEO Andrew R. Jassy sold 20,784 shares of the stock in a transaction dated 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 transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. 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 transaction, the chief executive officer now owns 2,056,534 shares in the company, valued at $371,759,651.18. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. Also, CFO Brian T. Olsavsky sold 14,600 shares of the firm’s stock in a transaction dated Wednesday, August 21st. The shares were sold at an average price of $180.00, for a total value of $2,628,000.00. Following the transaction, the chief financial officer now owns 49,000 shares of the company’s stock, valued at approximately $8,820,000. The disclosure for this sale can be found here. In the last quarter, insiders sold 6,104,317 shares of company stock worth $1,220,621,322. Corporate insiders own 10.80% of the company’s stock.

Amazon.com Profile

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.