Golden Road Advisors LLC Boosts Stock Position in Amazon.com, Inc. (NASDAQ:AMZN)

Golden Road Advisors LLC lifted its stake in shares of Amazon.com, Inc. (NASDAQ:AMZN) by 12.3% during the 2nd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 2,838 shares of the e-commerce giant’s stock after acquiring an additional 311 shares during the period. Amazon.com accounts for approximately 0.5% of Golden Road Advisors LLC’s portfolio, making the stock its 22nd biggest position. Golden Road Advisors LLC’s holdings in Amazon.com were worth $566,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently modified their holdings of AMZN. Cooksen Wealth LLC acquired a new position in shares of Amazon.com in the 4th quarter valued at $30,000. Christopher J. Hasenberg Inc increased its holdings in Amazon.com by 650.0% in the 2nd quarter. Christopher J. Hasenberg Inc now owns 300 shares of the e-commerce giant’s stock valued at $58,000 after purchasing an additional 260 shares during the last quarter. Clarity Asset Management Inc. acquired a new stake in Amazon.com in the 4th quarter valued at approximately $46,000. Steph & Co. purchased a new stake in shares of Amazon.com in the 1st quarter valued at $65,000. Finally, Koesten Hirschmann & Crabtree INC. acquired a new position in Amazon.com during the 1st quarter worth about $69,000. Institutional investors and hedge funds own 72.20% of the company’s stock.

Insider Activity at Amazon.com

In other Amazon.com news, CFO Brian T. Olsavsky sold 14,600 shares of the business’s stock in a transaction dated Wednesday, August 21st. The shares were 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 SEC, which is available through this hyperlink. In other news, CFO Brian T. Olsavsky sold 14,600 shares of the firm’s stock in a transaction 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 completion of the sale, the chief financial officer now owns 49,000 shares of the company’s stock, valued at $8,820,000. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Also, SVP David Zapolsky sold 2,190 shares of the company’s stock in a transaction that occurred on Tuesday, September 24th. The shares were sold at an average price of $195.00, for a total transaction of $427,050.00. Following the completion of the transaction, the senior vice president now owns 62,420 shares in the company, valued at approximately $12,171,900. The disclosure for this sale can be found here. Insiders sold 6,101,797 shares of company stock worth $1,220,129,922 in the last 90 days. Corporate insiders own 10.80% of the company’s stock.

Amazon.com Trading Down 1.7 %

NASDAQ AMZN opened at $187.97 on Friday. 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 12 month low of $118.35 and a 12 month high of $201.20. The company’s fifty day moving average price is $178.92 and its two-hundred day moving average price is $182.64. The company has a market capitalization of $1.97 trillion, a price-to-earnings ratio of 52.65, a price-to-earnings-growth ratio of 1.46 and a beta of 1.14.

Amazon.com (NASDAQ:AMZN) last issued its earnings results on Thursday, August 1st. The e-commerce giant reported $1.23 earnings per share for the quarter, topping analysts’ consensus estimates of $1.05 by $0.18. Amazon.com had a net margin of 7.35% and a return on equity of 21.39%. The company had revenue of $147.98 billion for the quarter, compared to analysts’ expectations of $148.63 billion. As a group, research analysts predict that Amazon.com, Inc. will post 4.86 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

AMZN has been the subject of several recent research reports. Bank of America lowered their price objective 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. Robert W. Baird lifted their target price on Amazon.com from $210.00 to $213.00 and gave the company an “outperform” rating in a report on Friday, June 21st. Stifel Nicolaus cut their target price on shares of Amazon.com from $228.00 to $224.00 and set a “buy” rating on the stock in a research note on Friday, August 2nd. JPMorgan Chase & Co. decreased their price target on shares of Amazon.com from $240.00 to $230.00 and set an “overweight” rating for the company in a research note on Friday, August 2nd. Finally, Jefferies Financial Group decreased their price objective on shares of Amazon.com from $235.00 to $225.00 and set a “buy” rating for the company in a research report on Friday, August 2nd. 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 stock. Based on data from MarketBeat, Amazon.com 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.