Highview Capital Management LLC DE Grows Position in Amazon.com, Inc. (NASDAQ:AMZN)

Highview Capital Management LLC DE raised its position in Amazon.com, Inc. (NASDAQ:AMZN) by 6.9% in the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 26,068 shares of the e-commerce giant’s stock after buying an additional 1,690 shares during the quarter. Amazon.com makes up approximately 2.1% of Highview Capital Management LLC DE’s portfolio, making the stock its 12th biggest position. Highview Capital Management LLC DE’s holdings in Amazon.com were worth $5,038,000 at the end of the most recent quarter.

Other large investors have also modified their holdings of the company. GUNN & Co INVESTMENT MANAGEMENT INC. lifted 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 worth $4,406,000 after acquiring an additional 21,595 shares during the period. Solutions 4 Wealth Ltd purchased a new stake in shares of Amazon.com during the fourth quarter worth approximately $242,000. Bare Financial Services Inc acquired a new stake in shares of Amazon.com during the fourth quarter worth $149,000. Horan Capital Advisors LLC. grew its position in Amazon.com by 2.7% in the 4th quarter. Horan Capital Advisors LLC. now owns 7,165 shares of the e-commerce giant’s stock valued at $1,089,000 after buying an additional 185 shares during the last quarter. Finally, Alterna Wealth Management Inc. grew its position in Amazon.com by 7.2% in the 4th quarter. Alterna Wealth Management Inc. now owns 12,912 shares of the e-commerce giant’s stock valued at $1,962,000 after buying an additional 863 shares during the last quarter. 72.20% of the stock is owned by institutional investors and hedge funds.

Amazon.com Trading Up 0.9 %

NASDAQ:AMZN opened at $191.60 on Monday. Amazon.com, Inc. has a 12 month low of $118.35 and a 12 month high of $201.20. The business’s 50-day moving average is $178.54 and its two-hundred day moving average is $182.10. The company has a debt-to-equity ratio of 0.23, a current ratio of 1.10 and a quick ratio of 0.88. The firm has a market capitalization of $1.99 trillion, a PE ratio of 53.67, a price-to-earnings-growth ratio of 1.39 and a beta of 1.14.

Amazon.com (NASDAQ:AMZN) last released its quarterly earnings results on Thursday, August 1st. The e-commerce giant reported $1.23 EPS for the quarter, topping the consensus estimate of $1.05 by $0.18. The firm had revenue of $147.98 billion for 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%. Research analysts predict that Amazon.com, Inc. will post 4.86 earnings per share for the current fiscal year.

Analyst Ratings Changes

Several research firms have recently commented on AMZN. Wedbush restated an “outperform” rating and issued a $225.00 target price on shares of Amazon.com in a research note on Friday, August 2nd. Stifel Nicolaus cut their price target on shares of Amazon.com from $228.00 to $224.00 and set a “buy” rating for the company in a report on Friday, August 2nd. TD Securities lifted their price objective on Amazon.com from $225.00 to $245.00 in a report on Wednesday, July 10th. Roth Mkm increased their target price on Amazon.com from $210.00 to $215.00 and gave the stock a “buy” rating in a research note on Friday, August 2nd. Finally, Cantor Fitzgerald started coverage on Amazon.com in a research note on Thursday, September 5th. They issued an “overweight” rating and a $230.00 price target on the stock. One equities research analyst has rated the stock with a hold rating, forty have given a buy rating and two have assigned a strong buy rating to the company’s stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Buy” and a consensus target price of $222.84.

Insider Transactions at Amazon.com

In related news, insider Jeffrey P. Bezos sold 1,228,993 shares of Amazon.com stock in a transaction on Monday, July 8th. The shares were sold at an average price of $200.36, for a total transaction of $246,241,037.48. Following the sale, the insider now owns 930,696,284 shares of the company’s stock, valued at approximately $186,474,307,462.24. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. In other news, insider Jeffrey P. Bezos sold 1,228,993 shares of the firm’s stock in a transaction dated Monday, July 8th. The stock was sold at an average price of $200.36, for a total transaction of $246,241,037.48. Following the completion of the sale, the insider now directly owns 930,696,284 shares in the company, valued at $186,474,307,462.24. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, VP Shelley Reynolds sold 3,791 shares of Amazon.com 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 sale, the vice president now directly owns 121,461 shares in the company, valued at $21,989,299.44. The disclosure for this sale can be found here. Over the last three months, insiders have sold 6,104,317 shares of company stock valued at $1,220,621,322. Corporate insiders own 10.80% of the company’s stock.

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.