Auxano Advisors LLC Has $31.41 Million Position in Amazon.com, Inc. (NASDAQ:AMZN)

Auxano Advisors LLC increased its stake in shares of Amazon.com, Inc. (NASDAQ:AMZN) by 0.6% during the 2nd quarter, Holdings Channel.com reports. The firm owned 162,536 shares of the e-commerce giant’s stock after acquiring an additional 1,041 shares during the quarter. Amazon.com comprises about 8.7% of Auxano Advisors LLC’s holdings, making the stock its 2nd largest position. Auxano Advisors LLC’s holdings in Amazon.com were worth $31,410,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also modified their holdings of the stock. Cooksen Wealth LLC acquired a new stake in shares of Amazon.com in the 4th quarter valued at $30,000. Christopher J. Hasenberg Inc boosted its holdings in Amazon.com by 650.0% in 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 during the last quarter. Clarity Asset Management Inc. acquired a new stake in Amazon.com in the fourth quarter worth about $46,000. Steph & Co. bought a new stake in Amazon.com during the 1st quarter worth about $65,000. Finally, Koesten Hirschmann & Crabtree INC. acquired a new position in Amazon.com during the 1st quarter valued at about $69,000. Institutional investors and hedge funds own 72.20% of the company’s stock.

Amazon.com Trading Down 1.7 %

Amazon.com stock opened at $187.97 on Friday. The company has a market cap of $1.97 trillion, a price-to-earnings ratio of 52.65, a P/E/G ratio of 1.46 and a beta of 1.14. The firm has a 50-day moving average of $178.92 and a 200-day moving average of $182.64. The company has a debt-to-equity ratio of 0.23, a current ratio of 1.10 and a quick ratio of 0.88. Amazon.com, Inc. has a one year low of $118.35 and a one year high of $201.20.

Amazon.com (NASDAQ:AMZN) last issued its quarterly earnings results on Thursday, August 1st. The e-commerce giant reported $1.23 EPS for the quarter, beating the consensus estimate of $1.05 by $0.18. The firm had revenue of $147.98 billion during the quarter, compared to analysts’ expectations of $148.63 billion. Amazon.com had a return on equity of 21.39% and a net margin of 7.35%. On average, equities analysts expect that Amazon.com, Inc. will post 4.86 earnings per share for the current fiscal year.

Analysts Set New Price Targets

A number of research firms recently weighed in on AMZN. JMP Securities boosted their price target on shares of Amazon.com from $245.00 to $265.00 and gave the stock a “market outperform” rating in a research note on Tuesday, September 3rd. Royal Bank of Canada reiterated an “outperform” rating and set a $215.00 target price on shares of Amazon.com in a research report on Friday, August 2nd. TD Securities raised their price target on Amazon.com from $225.00 to $245.00 in a research report on Wednesday, July 10th. Itau BBA Securities downgraded Amazon.com from an “outperform” rating to a “market perform” rating and set a $186.00 price objective for the company. in a report on Friday, August 2nd. Finally, Cantor Fitzgerald restated an “overweight” rating and set a $230.00 target price on shares of Amazon.com in a report on Monday, September 23rd. One investment analyst has rated the stock with a hold rating, forty-one have given a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat, the company has a consensus rating of “Buy” and an average price target of $222.84.

Insider Activity

In related news, insider Jeffrey P. Bezos sold 3,085,116 shares of the business’s stock in a transaction on Friday, July 5th. The shares were sold at an average price of $200.07, for a total transaction of $617,239,158.12. Following the transaction, the insider now directly owns 931,925,277 shares in the company, valued at $186,450,290,169.39. The sale was disclosed in a filing with the SEC, which is available through this link. In related news, CEO Douglas J. Herrington sold 3,500 shares of Amazon.com stock in a transaction dated Monday, July 1st. The stock was 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 in the company, valued at $101,866,390.47. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, insider Jeffrey P. Bezos sold 3,085,116 shares of the company’s stock in a transaction that occurred 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 completion of the sale, the insider now owns 931,925,277 shares in the company, valued at approximately $186,450,290,169.39. The disclosure for this sale can be found here. In the last 90 days, insiders sold 6,101,797 shares of company stock valued at $1,220,129,922. 10.80% of the stock is owned by insiders.

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.