Amazon.com, Inc. (NASDAQ:AMZN) Shares Acquired by IMA Advisory Services Inc.

IMA Advisory Services Inc. grew its position in Amazon.com, Inc. (NASDAQ:AMZN) by 1.8% in the second quarter, according to the company in its most recent disclosure with the SEC. The firm owned 31,282 shares of the e-commerce giant’s stock after acquiring an additional 542 shares during the period. Amazon.com comprises approximately 1.4% of IMA Advisory Services Inc.’s investment portfolio, making the stock its 19th biggest position. IMA Advisory Services Inc.’s holdings in Amazon.com were worth $6,045,000 at the end of the most recent quarter.

A number of other large investors have also modified their holdings of AMZN. Vanguard Group Inc. raised its position in shares of Amazon.com by 1.9% during the 1st quarter. Vanguard Group Inc. now owns 785,811,114 shares of the e-commerce giant’s stock worth $141,744,609,000 after purchasing an additional 14,724,687 shares during the last quarter. Norges Bank acquired a new position in shares of Amazon.com during the 4th quarter worth about $17,700,551,000. Capital Research Global Investors raised its position in shares of Amazon.com by 8.5% during the 1st quarter. Capital Research Global Investors now owns 86,982,857 shares of the e-commerce giant’s stock worth $15,689,968,000 after purchasing an additional 6,810,145 shares during the last quarter. Jennison Associates LLC raised its position in shares of Amazon.com by 0.5% during the 1st quarter. Jennison Associates LLC now owns 56,666,183 shares of the e-commerce giant’s stock worth $10,221,446,000 after purchasing an additional 295,132 shares during the last quarter. Finally, Charles Schwab Investment Management Inc. raised its position in shares of Amazon.com by 3.0% during the 4th quarter. Charles Schwab Investment Management Inc. now owns 51,920,953 shares of the e-commerce giant’s stock worth $7,888,870,000 after purchasing an additional 1,525,922 shares during the last quarter. Institutional investors and hedge funds own 72.20% of the company’s stock.

Insiders Place Their Bets

In other Amazon.com 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 sale, the vice president now directly owns 121,461 shares in the company, valued at approximately $21,989,299.44. The transaction was disclosed in a document filed with the SEC, which is available through this link. In other news, CEO Andrew R. Jassy sold 20,784 shares of the firm’s stock in a transaction on Wednesday, August 21st. The shares were 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 approximately $371,759,651.18. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, VP Shelley Reynolds sold 3,791 shares of the firm’s stock in a transaction 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 completion of the sale, the vice president now owns 121,461 shares in the company, valued at $21,989,299.44. The disclosure for this sale can be found here. Insiders have sold a total of 6,104,317 shares of company stock worth $1,220,621,322 in the last ninety days. 10.80% of the stock is owned by corporate insiders.

Wall Street Analysts Forecast Growth

Several research analysts recently weighed in on the stock. Barclays upped their price target on shares of Amazon.com from $220.00 to $235.00 and gave the stock an “overweight” rating in a research report on Friday, August 2nd. Sanford C. Bernstein increased their price objective on shares of Amazon.com from $210.00 to $215.00 and gave the company an “outperform” rating in a report on Monday, July 22nd. JPMorgan Chase & Co. cut their price objective on shares of Amazon.com from $240.00 to $230.00 and set an “overweight” rating for the company in a report on Friday, August 2nd. Rosenblatt Securities increased their price objective on shares of Amazon.com from $220.00 to $221.00 and gave the company a “buy” rating in a report on Friday, August 2nd. Finally, TD Cowen increased their price objective on shares of Amazon.com from $225.00 to $245.00 and gave the company a “buy” rating in a report on Wednesday, July 10th. One investment analyst has rated the stock with a hold rating, forty have assigned a buy rating and two have issued a strong buy rating to the company. According to data from MarketBeat, the stock currently has a consensus rating of “Buy” and a consensus target price of $222.49.

Amazon.com Price Performance

Amazon.com stock opened at $186.88 on Wednesday. The firm has a market cap of $1.94 trillion, a PE ratio of 52.35, a price-to-earnings-growth ratio of 1.39 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 company has a quick ratio of 0.88, a current ratio of 1.10 and a debt-to-equity ratio of 0.23. The company’s 50 day moving average is $178.97 and its two-hundred day moving average is $181.80.

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

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.