Auxier Asset Management Boosts Stock Holdings in Amazon.com, Inc. (NASDAQ:AMZN)

Auxier Asset Management raised its holdings in Amazon.com, Inc. (NASDAQ:AMZN) by 3.5% in the 2nd quarter, Holdings Channel.com reports. The firm owned 5,890 shares of the e-commerce giant’s stock after acquiring an additional 200 shares during the period. Auxier Asset Management’s holdings in Amazon.com were worth $1,138,000 as of its most recent filing with the Securities & Exchange Commission.

Other large investors have also recently modified their holdings of the company. PayPay Securities Corp increased its stake in shares of Amazon.com by 64.6% in the second quarter. PayPay Securities Corp now owns 163 shares of the e-commerce giant’s stock worth $32,000 after purchasing an additional 64 shares in the last quarter. Christopher J. Hasenberg Inc grew its stake in Amazon.com by 650.0% during the second quarter. Christopher J. Hasenberg Inc now owns 300 shares of the e-commerce giant’s stock valued at $58,000 after acquiring an additional 260 shares in the last quarter. Steph & Co. purchased a new position in Amazon.com during the first quarter valued at approximately $65,000. Koesten Hirschmann & Crabtree INC. purchased a new position in Amazon.com during the first quarter valued at approximately $69,000. Finally, Innealta Capital LLC purchased a new position in Amazon.com during the second quarter valued at approximately $77,000. Hedge funds and other institutional investors own 72.20% of the company’s stock.

Insider Transactions at Amazon.com

In other news, SVP David Zapolsky sold 2,190 shares of the company’s stock in a transaction dated Tuesday, September 24th. The shares were sold at an average price of $195.00, for a total value of $427,050.00. Following the sale, the senior vice president now directly owns 62,420 shares of the company’s stock, valued at $12,171,900. This represents a 0.00 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. In other news, SVP David Zapolsky sold 2,190 shares of the company’s stock in a transaction dated Tuesday, September 24th. The shares were sold at an average price of $195.00, for a total value of $427,050.00. Following the sale, the senior vice president now directly owns 62,420 shares of the company’s stock, valued at $12,171,900. This represents a 0.00 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, CEO Andrew R. Jassy sold 20,784 shares of the company’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. This represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 54,355 shares of company stock valued at $9,877,423 in the last three months. 10.80% of the stock is currently owned by company insiders.

Wall Street Analyst Weigh In

Several equities analysts recently commented on AMZN shares. Morgan Stanley reaffirmed an “overweight” rating and set a $210.00 price objective on shares of Amazon.com in a research note on Thursday, October 3rd. Scotiabank started coverage on shares of Amazon.com in a research note on Friday, October 11th. They set a “sector outperform” rating and a $245.00 price objective for the company. Loop Capital boosted their price objective on shares of Amazon.com from $750.00 to $800.00 and gave the company a “buy” rating in a research note on Wednesday, October 16th. Stifel Nicolaus reduced their price objective on shares of Amazon.com from $228.00 to $224.00 and set a “buy” rating for the company in a research note on Friday, August 2nd. Finally, Wedbush reiterated an “outperform” rating and set a $225.00 target price on shares of Amazon.com in a research report on Friday, August 2nd. Two investment analysts have rated the stock with a hold rating, forty-two have issued a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus price target of $236.78.

Amazon.com Stock Up 0.0 %

Shares of Amazon.com stock opened at $189.07 on Tuesday. 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 company’s fifty day simple moving average is $182.43 and its two-hundred day simple moving average is $183.50. The company has a market cap of $1.97 trillion, a P/E ratio of 52.96, a PEG ratio of 1.38 and a beta of 1.14. Amazon.com, Inc. has a 12-month low of $118.35 and a 12-month high of $201.20.

Amazon.com (NASDAQ:AMZN) last released 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 firm had revenue of $147.98 billion for the quarter, compared to the consensus estimate of $148.63 billion. Amazon.com had a net margin of 7.35% and a return on equity of 21.39%. Research analysts anticipate that Amazon.com, Inc. will post 4.85 EPS for the current year.

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.