Virtu Financial LLC Acquires 30,492 Shares of Amazon.com, Inc. (NASDAQ:AMZN)

Virtu Financial LLC raised its holdings in Amazon.com, Inc. (NASDAQ:AMZN) by 66.6% during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 76,249 shares of the e-commerce giant’s stock after buying an additional 30,492 shares during the quarter. Amazon.com accounts for approximately 1.0% of Virtu Financial LLC’s holdings, making the stock its 9th biggest holding. Virtu Financial LLC’s holdings in Amazon.com were worth $14,735,000 at the end of the most recent quarter.

A number of other hedge funds also recently made changes to their positions in the business. PayPay Securities Corp boosted its stake in Amazon.com by 64.6% in the 2nd quarter. PayPay Securities Corp now owns 163 shares of the e-commerce giant’s stock valued at $32,000 after buying an additional 64 shares in the last quarter. Christopher J. Hasenberg Inc lifted its holdings in shares of Amazon.com by 650.0% during 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 period. Steph & Co. acquired a new stake in shares of Amazon.com in the 1st quarter valued at $65,000. Koesten Hirschmann & Crabtree INC. bought a new stake in shares of Amazon.com in the 1st quarter worth about $69,000. Finally, Innealta Capital LLC acquired a new stake in shares of Amazon.com during the 2nd quarter worth about $77,000. Institutional investors and hedge funds own 72.20% of the company’s stock.

Amazon.com Trading Up 0.3 %

NASDAQ AMZN opened at $187.53 on Friday. Amazon.com, Inc. has a one year low of $118.35 and a one year high of $201.20. The company has a debt-to-equity ratio of 0.23, a current ratio of 1.10 and a quick ratio of 0.88. The firm has a market cap of $1.95 trillion, a P/E ratio of 52.53, a P/E/G ratio of 1.38 and a beta of 1.14. The stock’s 50-day moving average is $181.54 and its 200-day moving average is $183.35.

Amazon.com (NASDAQ:AMZN) last announced its earnings results on Thursday, August 1st. The e-commerce giant reported $1.23 EPS for the quarter, topping the consensus estimate of $1.05 by $0.18. The firm had revenue of $147.98 billion for the quarter, compared to the consensus estimate of $148.63 billion. Amazon.com had a net margin of 7.35% and a return on equity of 21.39%. Sell-side analysts anticipate that Amazon.com, Inc. will post 4.85 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

Several analysts have weighed in on the stock. Pivotal Research initiated coverage on shares of Amazon.com in a research note on Friday, October 11th. They set a “buy” rating and a $260.00 price objective on the stock. Evercore ISI restated an “outperform” rating and set a $240.00 price target on shares of Amazon.com in a research report on Friday, October 11th. Stifel Nicolaus cut their price objective on Amazon.com from $228.00 to $224.00 and set a “buy” rating for the company in a research report on Friday, August 2nd. UBS Group boosted their price objective on Amazon.com from $217.00 to $224.00 and gave the stock a “buy” rating in a research note on Tuesday, July 30th. Finally, JPMorgan Chase & Co. cut their price target on Amazon.com from $240.00 to $230.00 and set an “overweight” rating for the company in a report on Friday, August 2nd. Two investment analysts have rated the stock with a hold rating, forty-two have assigned a buy rating and one has issued a strong buy rating to the company’s stock. According to MarketBeat, Amazon.com currently has an average rating of “Moderate Buy” and a consensus target price of $236.78.

Insider Activity at Amazon.com

In other Amazon.com news, CEO Andrew R. Jassy sold 20,784 shares of the stock in a transaction dated Wednesday, August 21st. The stock was sold at an average price of $180.77, for a total transaction of $3,757,123.68. Following the completion of the transaction, the chief executive officer now owns 2,056,534 shares in the company, valued at approximately $371,759,651.18. This represents a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. In other news, CEO Andrew R. Jassy sold 20,784 shares of the business’s stock in a transaction dated Wednesday, August 21st. The stock was sold at an average price of $180.77, for a total value of $3,757,123.68. Following the sale, the chief executive officer now directly owns 2,056,534 shares in the company, valued at $371,759,651.18. The trade was a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. Also, CFO Brian T. Olsavsky sold 14,600 shares of the stock in a transaction dated 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 transaction, the chief financial officer now owns 49,000 shares of the company’s stock, valued at approximately $8,820,000. The trade was a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 54,355 shares of company stock valued at $9,877,423. 10.80% of the stock is owned by corporate 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.