Searle & CO. Raises Stock Position in Amazon.com, Inc. (NASDAQ:AMZN)

Searle & CO. grew its position in Amazon.com, Inc. (NASDAQ:AMZN) by 12.3% in the second quarter, HoldingsChannel reports. The fund owned 12,692 shares of the e-commerce giant’s stock after acquiring an additional 1,392 shares during the quarter. Searle & CO.’s holdings in Amazon.com were worth $2,453,000 at the end of the most recent reporting period.

Several other institutional investors also recently bought and sold shares of AMZN. Northern Financial Advisors Inc purchased a new stake in shares of Amazon.com in the 4th quarter valued at $284,000. Stevens Capital Partners lifted its position in Amazon.com by 5.0% in the fourth quarter. Stevens Capital Partners now owns 5,038 shares of the e-commerce giant’s stock valued at $766,000 after acquiring an additional 239 shares during the last quarter. Charles Schwab Investment Management Inc. grew its stake in Amazon.com by 3.0% during the 4th quarter. Charles Schwab Investment Management Inc. now owns 51,920,953 shares of the e-commerce giant’s stock worth $7,888,870,000 after buying an additional 1,525,922 shares during the last quarter. Peddock Capital Advisors LLC grew its stake in shares of Amazon.com by 1.3% in the 4th quarter. Peddock Capital Advisors LLC now owns 16,349 shares of the e-commerce giant’s stock valued at $2,484,000 after purchasing an additional 211 shares during the last quarter. Finally, Centric Wealth Management increased its stake in shares of Amazon.com by 1.2% during the fourth quarter. Centric Wealth Management now owns 22,311 shares of the e-commerce giant’s stock worth $3,390,000 after acquiring an additional 263 shares during the period. 72.20% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Several brokerages recently weighed in on AMZN. BMO Capital Markets reissued an “outperform” rating and issued a $230.00 target price on shares of Amazon.com in a research note on Thursday, September 19th. Bank of America reduced their price target on Amazon.com from $220.00 to $210.00 and set a “buy” rating for the company in a report on Friday, August 2nd. JPMorgan Chase & Co. lowered their target price on Amazon.com from $240.00 to $230.00 and set an “overweight” rating for the company in a report on Friday, August 2nd. Wells Fargo & Company lowered their target price on Amazon.com from $232.00 to $225.00 and set an “overweight” rating on the stock in a research report on Monday, August 26th. Finally, TD Securities increased their price objective on shares of Amazon.com from $225.00 to $245.00 in a report on Wednesday, July 10th. One research analyst has rated the stock with a hold rating, forty-one have assigned a buy rating and one has issued a strong buy rating to the company. According to MarketBeat.com, the stock has an average rating of “Buy” and an average target price of $222.84.

Amazon.com Price Performance

Amazon.com stock opened at $192.53 on Thursday. 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 52 week low of $118.35 and a 52 week high of $201.20. The stock has a market capitalization of $2.02 trillion, a P/E ratio of 53.93, a price-to-earnings-growth ratio of 1.46 and a beta of 1.14. The stock has a fifty day moving average of $178.59 and a 200-day moving average of $182.35.

Amazon.com (NASDAQ:AMZN) last released its quarterly earnings data on Thursday, August 1st. The e-commerce giant reported $1.23 earnings per share 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 company had revenue of $147.98 billion for the quarter, compared to the consensus estimate of $148.63 billion. On average, sell-side analysts expect that Amazon.com, Inc. will post 4.86 earnings per share for the current fiscal year.

Insider Buying and Selling

In related news, CFO Brian T. Olsavsky sold 14,600 shares of the company’s stock in a transaction that occurred on Wednesday, August 21st. The stock was sold at an average price of $180.00, for a total value of $2,628,000.00. Following the sale, the chief financial officer now directly owns 49,000 shares in the company, valued at $8,820,000. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. In related news, CEO Douglas J. Herrington sold 3,500 shares of the stock in a transaction on Monday, July 1st. The stock was sold at an average price of $195.99, for a total value of $685,965.00. Following the transaction, the chief executive officer now directly owns 519,753 shares in the company, valued at approximately $101,866,390.47. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Also, CFO Brian T. Olsavsky sold 14,600 shares of Amazon.com stock in a transaction dated Wednesday, August 21st. The shares were 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 owns 49,000 shares of the company’s stock, valued at $8,820,000. The disclosure for this sale can be found here. Insiders sold a total of 6,099,607 shares of company stock valued at $1,219,702,872 in the last three months. Insiders own 10.80% of the company’s stock.

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.