American Capital Advisory LLC Raises Holdings in Amazon.com, Inc. (NASDAQ:AMZN)

American Capital Advisory LLC increased its stake in shares of Amazon.com, Inc. (NASDAQ:AMZN) by 7.8% during the 2nd quarter, Holdings Channel.com reports. The fund owned 7,517 shares of the e-commerce giant’s stock after purchasing an additional 543 shares during the quarter. Amazon.com accounts for approximately 1.0% of American Capital Advisory LLC’s portfolio, making the stock its 22nd largest position. American Capital Advisory LLC’s holdings in Amazon.com were worth $1,453,000 at the end of the most recent quarter.

Other large investors have also bought and sold shares of the company. Cooksen Wealth LLC purchased a new stake in shares of Amazon.com during the fourth quarter worth about $30,000. Clarity Asset Management Inc. purchased a new position in Amazon.com during the 4th quarter valued at about $46,000. Christopher J. Hasenberg Inc raised its position in Amazon.com by 650.0% during the 2nd quarter. Christopher J. Hasenberg Inc now owns 300 shares of the e-commerce giant’s stock valued at $58,000 after purchasing an additional 260 shares during the last quarter. Steph & Co. purchased a new stake in Amazon.com in the 1st quarter worth approximately $65,000. Finally, Advantage Trust Co bought a new stake in shares of Amazon.com in the 4th quarter worth approximately $68,000. 72.20% of the stock is owned by hedge funds and other institutional investors.

Amazon.com Stock Up 0.9 %

AMZN stock opened at $191.60 on Monday. The stock has a market capitalization of $1.99 trillion, a P/E ratio of 53.67, a P/E/G ratio of 1.39 and a beta of 1.14. The company has a debt-to-equity ratio of 0.23, a current ratio of 1.10 and a quick ratio of 0.88. Amazon.com, Inc. has a 1-year low of $118.35 and a 1-year high of $201.20. The business has a fifty day moving average price of $178.54 and a 200-day moving average price of $182.10.

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

Insider Activity

In related news, VP Shelley Reynolds sold 3,791 shares of the firm’s stock in a transaction that occurred on Wednesday, August 21st. The shares were sold at an average price of $181.04, for a total value of $686,322.64. Following the sale, the vice president now owns 121,461 shares in the company, valued at $21,989,299.44. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. In other Amazon.com news, VP Shelley Reynolds sold 3,791 shares of the stock in a transaction dated Wednesday, August 21st. The stock was sold at an average price of $181.04, for a total value of $686,322.64. Following the transaction, the vice president now owns 121,461 shares of the company’s stock, valued at $21,989,299.44. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Also, CEO Douglas J. Herrington sold 3,500 shares of the business’s stock in a transaction dated Monday, July 1st. The shares were sold at an average price of $195.99, for a total value of $685,965.00. Following the sale, the chief executive officer now owns 519,753 shares of the company’s stock, valued at $101,866,390.47. The disclosure for this sale can be found here. Insiders sold 6,104,317 shares of company stock valued at $1,220,621,322 over the last three months. Insiders own 10.80% of the company’s stock.

Analyst Upgrades and Downgrades

A number of equities analysts recently commented on AMZN shares. The Goldman Sachs Group decreased their target price on Amazon.com from $250.00 to $230.00 and set a “buy” rating for the company in a report on Friday, August 2nd. Benchmark restated a “buy” rating and issued a $200.00 price objective on shares of Amazon.com in a report on Friday, August 2nd. Roth Mkm lifted their target price on shares of Amazon.com from $210.00 to $215.00 and gave the company a “buy” rating in a research note on Friday, August 2nd. Needham & Company LLC reiterated a “buy” rating and set a $210.00 price target on shares of Amazon.com in a research report on Thursday, September 12th. Finally, Itau BBA Securities lowered shares of Amazon.com from an “outperform” rating to a “market perform” rating and set a $186.00 price objective for the company. in a report on Friday, August 2nd. One investment analyst has rated the stock with a hold rating, forty have assigned a buy rating and two have issued a strong buy rating to the company. According to data from MarketBeat.com, Amazon.com currently has a consensus rating of “Buy” and a consensus target price of $222.84.

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.