Amazon.com, Inc. (NASDAQ:AMZN) Shares Bought by Mill Capital Management LLC

Mill Capital Management LLC raised its holdings in shares of Amazon.com, Inc. (NASDAQ:AMZN) by 0.7% in the second quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 197,730 shares of the e-commerce giant’s stock after buying an additional 1,355 shares during the quarter. Amazon.com comprises 3.2% of Mill Capital Management LLC’s investment portfolio, making the stock its 9th largest holding. Mill Capital Management LLC’s holdings in Amazon.com were worth $38,211,000 as of its most recent SEC filing.

A number of other large investors also recently modified their holdings of AMZN. Collective Family Office LLC increased its position in shares of 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 during the period. Phillips Wealth Planners LLC increased its position in shares of Amazon.com by 9.2% during the first 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. Bayesian Capital Management LP bought a new stake in shares of Amazon.com during the fourth quarter valued at approximately $5,926,000. Concord Investment Counsel Inc. bought a new stake in shares of Amazon.com during the first quarter valued at approximately $20,790,000. Finally, O Shaughnessy Asset Management LLC increased its position in shares of Amazon.com by 26.1% during 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 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, insider Jeffrey P. Bezos sold 1,228,993 shares of the stock in a transaction dated Monday, July 8th. The stock was sold at an average price of $200.36, for a total value of $246,241,037.48. Following the transaction, the insider now owns 930,696,284 shares of the company’s stock, valued at $186,474,307,462.24. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. In other Amazon.com news, insider Jeffrey P. Bezos sold 1,228,993 shares of the stock in a transaction dated Monday, July 8th. The stock was sold at an average price of $200.36, for a total value of $246,241,037.48. Following the completion of the sale, the insider now directly owns 930,696,284 shares in the company, valued at $186,474,307,462.24. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CEO Douglas J. Herrington sold 3,500 shares of the stock in a transaction dated Monday, July 1st. The stock was sold at an average price of $195.99, for a total value of $685,965.00. Following the completion of the sale, the chief executive officer now owns 519,753 shares of the company’s stock, valued at $101,866,390.47. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 6,101,797 shares of company stock valued at $1,220,129,922. 10.80% of the stock is currently owned by company insiders.

Analyst Upgrades and Downgrades

A number of analysts have recently issued reports on the company. Stifel Nicolaus lowered 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. Benchmark reiterated a “buy” rating and issued a $200.00 price target on shares of Amazon.com in a research report on Friday, August 2nd. Rosenblatt Securities upped their price target on Amazon.com from $220.00 to $221.00 and gave the company a “buy” rating in a research report on Friday, August 2nd. Roth Mkm upped their price target on Amazon.com from $210.00 to $215.00 and gave the company a “buy” rating in a research report on Friday, August 2nd. Finally, Wells Fargo & Company lowered their price target 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. One analyst has rated the stock with a hold rating, forty-one have given a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat.com, the stock has a consensus rating of “Buy” and an average price target of $222.84.

Amazon.com Trading Down 1.7 %

Shares of AMZN opened at $187.97 on Friday. Amazon.com, Inc. has a 12-month low of $118.35 and a 12-month high of $201.20. The stock’s fifty day simple moving average is $178.92 and its 200-day simple moving average is $182.64. The company has a quick ratio of 0.88, a current ratio of 1.10 and a debt-to-equity ratio of 0.23. The firm has a market capitalization of $1.97 trillion, a PE ratio of 52.65, a price-to-earnings-growth ratio of 1.46 and a beta of 1.14.

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, 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 firm had revenue of $147.98 billion for the quarter, compared to analyst estimates of $148.63 billion. As a group, research analysts predict that Amazon.com, Inc. will post 4.86 earnings per share 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.