Amazon.com, Inc. (NASDAQ:AMZN) Holdings Lifted by Detalus Advisors LLC

Detalus Advisors LLC lifted its stake in Amazon.com, Inc. (NASDAQ:AMZN) by 14.8% in the second quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 10,767 shares of the e-commerce giant’s stock after purchasing an additional 1,388 shares during the quarter. Amazon.com accounts for about 0.7% of Detalus Advisors LLC’s investment portfolio, making the stock its 26th largest holding. Detalus Advisors LLC’s holdings in Amazon.com were worth $2,081,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds and other institutional investors have also modified their holdings of the company. Vanguard Group Inc. lifted its stake in Amazon.com by 1.9% in 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 acquiring an additional 14,724,687 shares in the last quarter. Norges Bank purchased a new stake in Amazon.com in the 4th quarter worth about $17,700,551,000. Capital Research Global Investors raised its stake 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 in the last quarter. Bank of New York Mellon Corp lifted its holdings in shares of Amazon.com by 0.4% during the 2nd quarter. Bank of New York Mellon Corp now owns 67,745,972 shares of the e-commerce giant’s stock valued at $13,091,909,000 after buying an additional 289,532 shares during the last quarter. Finally, Jennison Associates LLC lifted its holdings in Amazon.com by 0.5% in 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. Institutional investors and hedge funds own 72.20% of the company’s stock.

Insider Buying and Selling

In related news, VP Shelley Reynolds sold 3,791 shares of Amazon.com stock in a transaction that occurred 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 of the company’s stock, valued at approximately $21,989,299.44. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website. In related news, VP Shelley Reynolds sold 3,791 shares of Amazon.com stock in a transaction that occurred 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 of the company’s stock, valued at approximately $21,989,299.44. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Also, CEO Douglas J. Herrington sold 3,500 shares of the firm’s stock in a transaction on Monday, July 1st. The stock was sold at an average price of $195.99, for a total value of $685,965.00. Following the transaction, the chief executive officer now owns 519,753 shares in the company, valued at approximately $101,866,390.47. The disclosure for this sale can be found here. In the last ninety days, insiders sold 6,104,317 shares of company stock valued at $1,220,621,322. Insiders own 10.80% of the company’s stock.

Amazon.com Stock Performance

Shares of NASDAQ AMZN opened at $191.60 on Friday. The stock has a 50 day moving average price of $178.54 and a 200 day moving average price of $181.98. Amazon.com, Inc. has a 52 week low of $118.35 and a 52 week high of $201.20. The company has a debt-to-equity ratio of 0.23, a quick ratio of 0.88 and a current ratio of 1.10. The stock has a market capitalization of $1.99 trillion, a PE ratio of 53.67, a price-to-earnings-growth ratio of 1.39 and a beta of 1.14.

Amazon.com (NASDAQ:AMZN) last released its quarterly earnings data on Thursday, August 1st. The e-commerce giant reported $1.23 earnings per share (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 company had revenue of $147.98 billion during the quarter, compared to analysts’ expectations of $148.63 billion. Analysts predict that Amazon.com, Inc. will post 4.86 earnings per share for the current fiscal year.

Analysts Set New Price Targets

Several research analysts have commented on AMZN shares. BMO Capital Markets reaffirmed an “outperform” rating and issued a $230.00 price target on shares of Amazon.com in a research report on Thursday. JMP Securities boosted their price objective on Amazon.com from $245.00 to $265.00 and gave the company a “market outperform” rating in a research report on Tuesday, September 3rd. Cantor Fitzgerald initiated coverage on Amazon.com in a research report on Thursday, September 5th. They set an “overweight” rating and a $230.00 price objective on the stock. Wedbush restated an “outperform” rating and set a $225.00 price objective on shares of Amazon.com in a research report on Friday, August 2nd. Finally, Needham & Company LLC restated a “buy” rating and set a $210.00 price objective on shares of Amazon.com in a research report on Thursday, September 12th. One equities research analyst has rated the stock with a hold rating, forty have issued a buy rating and two have assigned a strong buy rating to the stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Buy” and a consensus price target of $222.84.

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.