Macroview Investment Management LLC Grows Stock Position in Amazon.com, Inc. (NASDAQ:AMZN)

Macroview Investment Management LLC grew its holdings in shares of Amazon.com, Inc. (NASDAQ:AMZN) by 60.4% in the 2nd quarter, according to its most recent disclosure with the SEC. The fund owned 1,843 shares of the e-commerce giant’s stock after purchasing an additional 694 shares during the period. Macroview Investment Management LLC’s holdings in Amazon.com were worth $356,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also bought and sold shares of the stock. Cooksen Wealth LLC bought a new stake in Amazon.com during the 4th quarter worth approximately $30,000. Clarity Asset Management Inc. bought a new position in shares of Amazon.com in the 4th quarter valued at about $46,000. Steph & Co. purchased a new position in Amazon.com during the first quarter worth $65,000. Advantage Trust Co bought a new stake in Amazon.com in the fourth quarter worth about $68,000. Finally, Koesten Hirschmann & Crabtree INC. bought a new position in shares of Amazon.com during the first quarter valued at approximately $69,000. Institutional investors own 72.20% of the company’s stock.

Insider Buying and Selling at Amazon.com

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

Analyst Ratings Changes

A number of equities research analysts have weighed in on the company. TD Securities lifted their target price on Amazon.com from $225.00 to $245.00 in a research report on Wednesday, July 10th. Cantor Fitzgerald began coverage on shares of Amazon.com in a research note on Thursday, September 5th. They issued an “overweight” rating and a $230.00 price objective for the company. Sanford C. Bernstein raised their target price on shares of Amazon.com from $210.00 to $215.00 and gave the company an “outperform” rating in a research report on Monday, July 22nd. Piper Sandler reduced their price target on shares of Amazon.com from $220.00 to $215.00 and set an “overweight” rating for the company in a report on Friday, August 2nd. Finally, Bank of America dropped their price objective on shares of Amazon.com from $220.00 to $210.00 and set a “buy” rating on the stock in a research note on Friday, August 2nd. One equities research analyst has rated the stock with a hold rating, forty have given a buy rating and two have issued a strong buy rating to the company’s stock. According to MarketBeat.com, Amazon.com currently has a consensus rating of “Buy” and a consensus price target of $222.49.

Amazon.com Stock Up 2.4 %

Shares of AMZN opened at $179.55 on Wednesday. The company’s 50-day simple moving average is $180.25 and its 200-day simple moving average is $181.42. The company has a debt-to-equity ratio of 0.23, a quick ratio of 0.88 and a current ratio of 1.10. Amazon.com, Inc. has a 1 year low of $118.35 and a 1 year high of $201.20. The stock has a market capitalization of $1.87 trillion, a PE ratio of 50.29, a P/E/G ratio of 1.29 and a beta of 1.14.

Amazon.com (NASDAQ:AMZN) last announced its quarterly earnings data on Thursday, August 1st. The e-commerce giant reported $1.23 earnings per share (EPS) for the quarter, beating the consensus estimate 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 analysts’ expectations of $148.63 billion. Analysts forecast that Amazon.com, Inc. will post 4.86 earnings per share for the current fiscal year.

Amazon.com Company 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.