Catalyst Capital Advisors LLC Grows Holdings in Amazon.com, Inc. (NASDAQ:AMZN)

Catalyst Capital Advisors LLC grew its stake in Amazon.com, Inc. (NASDAQ:AMZN) by 93.8% during the second quarter, according to its most recent 13F filing with the SEC. The firm owned 34,515 shares of the e-commerce giant’s stock after acquiring an additional 16,704 shares during the period. Catalyst Capital Advisors LLC’s holdings in Amazon.com were worth $6,670,000 as of its most recent filing with the SEC.

A number of other institutional investors and hedge funds have also made changes to their positions in the stock. Christopher J. Hasenberg Inc raised its stake in shares of 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 acquiring an additional 260 shares during the period. New Millennium Group LLC raised its stake in shares of Amazon.com by 10.2% in the 2nd quarter. New Millennium Group LLC now owns 21,221 shares of the e-commerce giant’s stock valued at $4,101,000 after acquiring an additional 1,966 shares during the period. Rooted Wealth Advisors Inc. raised its stake in shares of Amazon.com by 7.5% in the 2nd quarter. Rooted Wealth Advisors Inc. now owns 7,498 shares of the e-commerce giant’s stock valued at $1,378,000 after acquiring an additional 524 shares during the period. First Heartland Consultants Inc. raised its stake in shares of Amazon.com by 13.4% in the 2nd quarter. First Heartland Consultants Inc. now owns 72,243 shares of the e-commerce giant’s stock valued at $13,961,000 after acquiring an additional 8,557 shares during the period. Finally, Addison Capital Co grew its holdings in shares of Amazon.com by 6.5% in the second quarter. Addison Capital Co now owns 16,691 shares of the e-commerce giant’s stock valued at $3,226,000 after purchasing an additional 1,013 shares in the last quarter. 72.20% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

A number of research analysts recently weighed in on the stock. Royal Bank of Canada restated an “outperform” rating and issued a $215.00 price objective on shares of Amazon.com in a report on Friday, August 2nd. Benchmark restated a “buy” rating and issued a $200.00 price objective on shares of Amazon.com in a report on Friday, August 2nd. Cantor Fitzgerald assumed coverage on shares of Amazon.com in a report on Thursday, September 5th. They issued an “overweight” rating and a $230.00 price objective for the company. TD Cowen lifted 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. Finally, Maxim Group lifted their price objective on shares of Amazon.com from $238.00 to $251.00 and gave the company a “buy” rating in a report on Friday, August 2nd. One analyst has rated the stock with a hold rating, forty have given a buy rating and two have given a strong buy rating to the company’s stock. Based on data from MarketBeat.com, Amazon.com currently has an average rating of “Buy” and an average target price of $222.49.

Amazon.com Stock Up 1.1 %

AMZN stock opened at $186.88 on Wednesday. The company has a fifty day moving average price of $178.97 and a 200 day moving average price of $181.80. Amazon.com, Inc. has a 12 month low of $118.35 and a 12 month high of $201.20. The company has a market cap of $1.94 trillion, a price-to-earnings ratio of 52.35, a price-to-earnings-growth ratio of 1.39 and a beta of 1.14. 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 (NASDAQ:AMZN) last released its quarterly earnings results on Thursday, August 1st. The e-commerce giant reported $1.23 EPS for the quarter, beating the consensus estimate of $1.05 by $0.18. Amazon.com had a net margin of 7.35% and a return on equity of 21.39%. The firm had revenue of $147.98 billion during the quarter, compared to the consensus estimate of $148.63 billion. Sell-side analysts expect that Amazon.com, Inc. will post 4.86 earnings per share for the current year.

Insider Activity at Amazon.com

In related news, VP Shelley Reynolds sold 3,791 shares of the company’s stock in a transaction on Wednesday, August 21st. The shares were sold at an average price of $181.04, for a total value of $686,322.64. Following the completion of the sale, the vice president now owns 121,461 shares in the company, valued at approximately $21,989,299.44. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. In other Amazon.com news, CFO Brian T. Olsavsky sold 14,600 shares of the company’s stock in a transaction on Wednesday, August 21st. The shares were sold at an average price of $180.00, for a total transaction of $2,628,000.00. Following the completion of the transaction, the chief financial officer now owns 49,000 shares in the company, valued at approximately $8,820,000. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, 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 transaction, the vice president now owns 121,461 shares of the company’s stock, valued at approximately $21,989,299.44. The disclosure for this sale can be found here. Insiders sold a total of 6,104,317 shares of company stock worth $1,220,621,322 in the last 90 days. 10.80% of the stock is owned by 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.