Weaver Capital Management LLC Acquires 3,185 Shares of Amazon.com, Inc. (NASDAQ:AMZN)

Weaver Capital Management LLC grew its holdings in Amazon.com, Inc. (NASDAQ:AMZN) by 23.9% during the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 16,525 shares of the e-commerce giant’s stock after acquiring an additional 3,185 shares during the period. Amazon.com accounts for 1.0% of Weaver Capital Management LLC’s portfolio, making the stock its 21st largest holding. Weaver Capital Management LLC’s holdings in Amazon.com were worth $3,193,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also modified their holdings of the company. Collective Family Office LLC grew its holdings in 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 raised its stake in Amazon.com by 9.2% during the 1st quarter. Phillips Wealth Planners LLC now owns 2,655 shares of the e-commerce giant’s stock worth $487,000 after acquiring an additional 224 shares during the period. Bayesian Capital Management LP purchased a new position in Amazon.com during the fourth quarter valued at approximately $5,926,000. Concord Investment Counsel Inc. bought a new position in shares of Amazon.com in the first quarter worth approximately $20,790,000. Finally, O Shaughnessy Asset Management LLC increased its stake in shares of Amazon.com by 26.1% in the first quarter. O Shaughnessy Asset Management LLC now owns 644,319 shares of the e-commerce giant’s stock worth $116,222,000 after purchasing an additional 133,471 shares in the last quarter. Hedge funds and other institutional investors own 72.20% of the company’s stock.

Amazon.com Trading Down 0.2 %

Shares of NASDAQ AMZN opened at $184.76 on Thursday. Amazon.com, Inc. has a twelve month low of $118.35 and a twelve month high of $201.20. The firm has a market cap of $1.92 trillion, a PE ratio of 51.75, a price-to-earnings-growth ratio of 1.46 and a beta of 1.14. The business has a fifty day simple moving average of $179.05 and a two-hundred day simple moving average of $182.83. The company has a quick ratio of 0.88, a current ratio of 1.10 and a debt-to-equity ratio of 0.23.

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 firm had revenue of $147.98 billion during the quarter, compared to the consensus estimate of $148.63 billion. Analysts expect that Amazon.com, Inc. will post 4.86 earnings per share for the current fiscal year.

Insider Activity

In other news, VP Shelley Reynolds sold 3,791 shares of the stock in a transaction that occurred on Wednesday, August 21st. The shares were sold at an average price of $181.04, for a total transaction of $686,322.64. Following the transaction, the vice president now directly owns 121,461 shares in the company, valued at $21,989,299.44. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. In related news, VP Shelley Reynolds sold 3,791 shares of the company’s stock in a transaction on Wednesday, August 21st. The stock was sold at an average price of $181.04, for a total transaction of $686,322.64. Following the completion of the sale, the vice president now directly owns 121,461 shares in the company, valued at approximately $21,989,299.44. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, insider Jeffrey P. Bezos sold 3,085,116 shares of Amazon.com stock in a transaction dated 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 transaction, 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 quarter, insiders sold 4,634,860 shares of company stock worth $926,639,482. 10.80% of the stock is currently owned by corporate insiders.

Analysts Set New Price Targets

Several brokerages recently weighed in on AMZN. Robert W. Baird upped their target price on shares of Amazon.com from $210.00 to $213.00 and gave the stock an “outperform” rating in a report on Friday, June 21st. Morgan Stanley lowered their price target on Amazon.com from $240.00 to $210.00 and set an “overweight” rating on the stock in a report on Tuesday, August 6th. Barclays increased their price objective on shares of Amazon.com from $220.00 to $235.00 and gave the company an “overweight” rating in a report on Friday, August 2nd. Sanford C. Bernstein upped their target price on shares of Amazon.com from $210.00 to $215.00 and gave the stock an “outperform” rating in a research report on Monday, July 22nd. Finally, JPMorgan Chase & Co. reduced their price target on shares of Amazon.com from $240.00 to $230.00 and set an “overweight” rating on the stock in a 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 company. Based on data from MarketBeat, the stock presently has a consensus rating of “Buy” and an average price target of $223.65.

Amazon.com 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.