Amazon.com, Inc. (NASDAQ:AMZN) Shares Purchased by Beck Capital Management LLC

Beck Capital Management LLC boosted its holdings in Amazon.com, Inc. (NASDAQ:AMZN) by 2.2% in the second quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 47,005 shares of the e-commerce giant’s stock after purchasing an additional 992 shares during the quarter. Amazon.com comprises approximately 2.5% of Beck Capital Management LLC’s portfolio, making the stock its 5th biggest position. Beck Capital Management LLC’s holdings in Amazon.com were worth $9,084,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in AMZN. Cardano Risk Management B.V. boosted its holdings in shares of Amazon.com by 4.8% in the first quarter. Cardano Risk Management B.V. now owns 1,883,651 shares of the e-commerce giant’s stock valued at $339,773,000 after acquiring an additional 85,511 shares during the period. First Affirmative Financial Network boosted its holdings in shares of Amazon.com by 6.4% in the first quarter. First Affirmative Financial Network now owns 8,581 shares of the e-commerce giant’s stock valued at $1,548,000 after acquiring an additional 518 shares during the period. Ballew Advisors Inc boosted its holdings in shares of Amazon.com by 1.5% in the first quarter. Ballew Advisors Inc now owns 4,248 shares of the e-commerce giant’s stock valued at $790,000 after acquiring an additional 62 shares during the period. Meyer Handelman Co. boosted its holdings in shares of Amazon.com by 10.9% in the first quarter. Meyer Handelman Co. now owns 319,900 shares of the e-commerce giant’s stock valued at $57,761,000 after acquiring an additional 31,489 shares during the period. Finally, CHURCHILL MANAGEMENT Corp boosted its holdings in shares of Amazon.com by 129.9% in the first quarter. CHURCHILL MANAGEMENT Corp now owns 51,875 shares of the e-commerce giant’s stock valued at $9,357,000 after acquiring an additional 29,306 shares during the period. 72.20% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Several equities research analysts recently weighed in on AMZN shares. Scotiabank started coverage on Amazon.com in a report on Friday, October 11th. They set a “sector outperform” rating and a $245.00 price target for the company. JPMorgan Chase & Co. decreased 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. TD Securities increased their price target on Amazon.com from $225.00 to $245.00 in a report on Wednesday, July 10th. DA Davidson reaffirmed a “buy” rating and set a $235.00 price target on shares of Amazon.com in a report on Thursday, October 10th. Finally, Bank of America decreased their price target on Amazon.com from $220.00 to $210.00 and set a “buy” rating for the company in a report on Friday, August 2nd. Two research analysts have rated the stock with a hold rating, forty-two have given a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat, Amazon.com currently has an average rating of “Moderate Buy” and an average target price of $236.78.

Insiders Place Their Bets

In other Amazon.com news, CEO Andrew R. Jassy sold 20,784 shares of the firm’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 of the company’s stock, valued at approximately $371,759,651.18. This trade represents a 0.00 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. In other Amazon.com news, CEO Andrew R. Jassy sold 20,784 shares of the firm’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 of the company’s stock, valued at approximately $371,759,651.18. This trade represents a 0.00 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, SVP David Zapolsky sold 2,190 shares of the firm’s stock in a transaction dated Tuesday, September 24th. The stock was sold at an average price of $195.00, for a total value of $427,050.00. Following the completion of the sale, the senior vice president now directly owns 62,420 shares in the company, valued at approximately $12,171,900. 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. Insiders own 10.80% of the company’s stock.

Amazon.com Stock Up 0.3 %

AMZN opened at $189.70 on Wednesday. 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 cap of $1.97 trillion, a P/E ratio of 53.14, a PEG ratio of 1.38 and a beta of 1.14. Amazon.com, Inc. has a 52 week low of $118.35 and a 52 week high of $201.20. The business’s fifty day simple moving average is $182.82 and its 200 day simple moving average is $183.53.

Amazon.com (NASDAQ:AMZN) last posted its quarterly earnings data on Thursday, August 1st. The e-commerce giant reported $1.23 EPS for the quarter, beating analysts’ consensus estimates of $1.05 by $0.18. Amazon.com had a return on equity of 21.39% and a net margin of 7.35%. The business had revenue of $147.98 billion for the quarter, compared to analyst estimates of $148.63 billion. As a group, equities research analysts anticipate that Amazon.com, Inc. will post 4.85 EPS for the current fiscal year.

Amazon.com Company 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.