Amazon.com, Inc. (NASDAQ:AMZN) Shares Acquired by William Blair Investment Management LLC

William Blair Investment Management LLC boosted its stake in shares of Amazon.com, Inc. (NASDAQ:AMZN) by 6.2% in the second quarter, HoldingsChannel reports. The firm owned 6,743,444 shares of the e-commerce giant’s stock after purchasing an additional 391,337 shares during the quarter. Amazon.com accounts for about 3.4% of William Blair Investment Management LLC’s holdings, making the stock its 5th largest holding. William Blair Investment Management LLC’s holdings in Amazon.com were worth $1,303,171,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors and hedge funds have also bought and sold shares of the company. Collective Family Office LLC raised its position in Amazon.com by 9.7% during the first quarter. Collective Family Office LLC now owns 9,278 shares of the e-commerce giant’s stock valued at $1,674,000 after purchasing an additional 819 shares in the last quarter. Phillips Wealth Planners LLC increased its position in Amazon.com by 9.2% during the 1st quarter. Phillips Wealth Planners LLC now owns 2,655 shares of the e-commerce giant’s stock valued at $487,000 after purchasing an additional 224 shares during the period. Stonekeep Investments LLC bought a new position in Amazon.com during the second quarter worth $2,588,000. Concord Investment Counsel Inc. acquired a new stake in shares of Amazon.com during the 1st quarter worth approximately $20,790,000. Finally, O Shaughnessy Asset Management LLC increased its stake in Amazon.com by 26.1% in the first quarter. O Shaughnessy Asset Management LLC now owns 644,319 shares of the e-commerce giant’s stock valued at $116,222,000 after purchasing an additional 133,471 shares in the last quarter. Institutional investors and hedge funds own 72.20% of the company’s stock.

Amazon.com Trading Down 0.7 %

AMZN stock opened at $187.54 on Tuesday. The company has a market capitalization of $1.95 trillion, a price-to-earnings ratio of 52.53, a PEG ratio of 1.38 and a beta of 1.14. Amazon.com, Inc. has a 1-year low of $118.35 and a 1-year high of $201.20. 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 business has a 50 day simple moving average of $180.11 and a two-hundred day simple moving average of $183.24.

Amazon.com (NASDAQ:AMZN) last announced its quarterly earnings results on Thursday, August 1st. The e-commerce giant reported $1.23 EPS for the quarter, beating analysts’ consensus estimates of $1.05 by $0.18. The company 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%. Research analysts anticipate that Amazon.com, Inc. will post 4.85 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

A number of brokerages have issued reports on AMZN. Morgan Stanley reaffirmed an “overweight” rating and issued a $210.00 price objective on shares of Amazon.com in a research report on Thursday, October 3rd. TD Securities increased their target price on shares of Amazon.com from $225.00 to $245.00 in a research note on Wednesday, July 10th. Telsey Advisory Group reaffirmed an “outperform” rating and issued a $215.00 price target on shares of Amazon.com in a report on Thursday, October 10th. Stifel Nicolaus decreased their price objective on Amazon.com from $228.00 to $224.00 and set a “buy” rating on the stock in a report on Friday, August 2nd. Finally, DA Davidson restated a “buy” rating and set a $235.00 target price on shares of Amazon.com in a report on Thursday, October 10th. Two analysts have rated the stock with a hold rating, forty-two have assigned a buy rating and one has issued a strong buy rating to the company. According to MarketBeat, Amazon.com has an average rating of “Moderate Buy” and an average target price of $224.00.

Insider Buying and Selling at Amazon.com

In other news, VP Shelley Reynolds sold 3,791 shares of the company’s stock in a transaction dated Wednesday, August 21st. The shares were sold at an average price of $181.04, for a total transaction of $686,322.64. Following the sale, the vice president now directly owns 121,461 shares in the company, valued at approximately $21,989,299.44. This represents a 0.00 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. In other Amazon.com news, VP Shelley Reynolds sold 3,791 shares of the business’s stock in a transaction on Wednesday, August 21st. The shares were sold at an average price of $181.04, for a total transaction of $686,322.64. Following the transaction, the vice president now owns 121,461 shares in the company, valued at $21,989,299.44. The trade was a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Also, CFO Brian T. Olsavsky sold 14,600 shares of Amazon.com stock in a transaction dated Wednesday, August 21st. The stock was sold at an average price of $180.00, for a total transaction of $2,628,000.00. Following the transaction, the chief financial officer now directly owns 49,000 shares of the company’s stock, valued at approximately $8,820,000. This represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 54,355 shares of company stock worth $9,877,423 over the last 90 days. 10.80% of the stock is owned by insiders.

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.