Amazon.com, Inc. (NASDAQ:AMZN) Shares Purchased by Presidio Capital Management LLC

Presidio Capital Management LLC boosted its holdings in Amazon.com, Inc. (NASDAQ:AMZN) by 14.4% during the second quarter, according to its most recent Form 13F filing with the SEC. The fund owned 8,575 shares of the e-commerce giant’s stock after acquiring an additional 1,080 shares during the period. Amazon.com accounts for about 1.2% of Presidio Capital Management LLC’s portfolio, making the stock its 13th largest holding. Presidio Capital Management LLC’s holdings in Amazon.com were worth $1,657,000 at the end of the most recent quarter.

A number of other large investors have also recently added to or reduced their stakes in the business. GUNN & Co INVESTMENT MANAGEMENT INC. raised its position in Amazon.com by 291.8% in the fourth quarter. GUNN & Co INVESTMENT MANAGEMENT INC. now owns 28,995 shares of the e-commerce giant’s stock valued at $4,406,000 after purchasing an additional 21,595 shares during the period. Essex Financial Services Inc. raised its position in Amazon.com by 0.7% in the fourth quarter. Essex Financial Services Inc. now owns 111,194 shares of the e-commerce giant’s stock valued at $16,895,000 after purchasing an additional 774 shares during the period. DiNuzzo Private Wealth Inc. purchased a new stake in Amazon.com in the fourth quarter valued at approximately $131,000. Concord Wealth Partners raised its position in Amazon.com by 25.0% in the fourth quarter. Concord Wealth Partners now owns 31,427 shares of the e-commerce giant’s stock valued at $4,775,000 after purchasing an additional 6,290 shares during the period. Finally, Howe & Rusling Inc. raised its position in Amazon.com by 3.4% in the fourth quarter. Howe & Rusling Inc. now owns 102,470 shares of the e-commerce giant’s stock valued at $15,569,000 after purchasing an additional 3,351 shares during the period. 72.20% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling at Amazon.com

In other Amazon.com news, SVP David Zapolsky sold 4,710 shares of Amazon.com stock in a transaction on Thursday, June 27th. The shares were sold at an average price of $195.00, for a total value of $918,450.00. Following the transaction, the senior vice president now owns 59,500 shares in the company, valued at approximately $11,602,500. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. In other news, insider Jeffrey P. Bezos sold 3,085,116 shares of the firm’s stock in a transaction on Friday, July 5th. The shares were sold at an average price of $200.07, for a total value of $617,239,158.12. Following the transaction, the insider now owns 931,925,277 shares of the company’s stock, valued at approximately $186,450,290,169.39. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, SVP David Zapolsky sold 4,710 shares of the firm’s stock in a transaction on Thursday, June 27th. The shares were sold at an average price of $195.00, for a total transaction of $918,450.00. Following the completion of the transaction, the senior vice president now directly owns 59,500 shares in the company, valued at approximately $11,602,500. The disclosure for this sale can be found here. Insiders have sold a total of 6,104,317 shares of company stock worth $1,220,621,322 in the last quarter. 10.80% of the stock is owned by insiders.

Amazon.com Stock Up 0.9 %

Shares of NASDAQ AMZN opened at $191.60 on Friday. Amazon.com, Inc. has a 1 year low of $118.35 and a 1 year high of $201.20. The firm’s 50 day moving average price is $178.54 and its 200 day moving average price is $181.98. The firm has a market cap of $1.99 trillion, a P/E ratio of 53.67, a price-to-earnings-growth ratio of 1.39 and a beta of 1.14. 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 (NASDAQ:AMZN) last announced its earnings results on Thursday, August 1st. The e-commerce giant reported $1.23 earnings per share (EPS) 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 analyst estimates of $148.63 billion. Amazon.com had a net margin of 7.35% and a return on equity of 21.39%. As a group, sell-side analysts anticipate that Amazon.com, Inc. will post 4.86 earnings per share for the current year.

Analysts Set New Price Targets

A number of research firms have recently weighed in on AMZN. Stifel Nicolaus cut their price objective on Amazon.com from $228.00 to $224.00 and set a “buy” rating on the stock in a research report on Friday, August 2nd. Wells Fargo & Company dropped their target price on Amazon.com from $232.00 to $225.00 and set an “overweight” rating on the stock in a report on Monday, August 26th. Itau BBA Securities lowered Amazon.com from an “outperform” rating to a “market perform” rating and set a $186.00 target price on the stock. in a report on Friday, August 2nd. Bank of America decreased their target price on shares of Amazon.com from $220.00 to $210.00 and set a “buy” rating for the company in a research note on Friday, August 2nd. Finally, Barclays increased their target price on shares of Amazon.com from $220.00 to $235.00 and gave the stock an “overweight” rating in a research note on Friday, August 2nd. One analyst has rated the stock with a hold rating, forty have issued a buy rating and two have issued a strong buy rating to the stock. According to MarketBeat.com, the stock presently has a consensus rating of “Buy” and an average price target 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.