Amazon.com, Inc. (NASDAQ:AMZN) Shares Bought by Durante & Waters LLC

Durante & Waters LLC lifted its stake in shares of Amazon.com, Inc. (NASDAQ:AMZN) by 2.6% in the second quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 7,051 shares of the e-commerce giant’s stock after buying an additional 180 shares during the quarter. Amazon.com makes up approximately 1.2% of Durante & Waters LLC’s portfolio, making the stock its 15th biggest position. Durante & Waters LLC’s holdings in Amazon.com were worth $1,363,000 at the end of the most recent reporting period.

Other large investors have also recently made changes to their positions in the company. Cooksen Wealth LLC acquired a new stake in shares of Amazon.com in the 4th quarter valued at $30,000. Christopher J. Hasenberg Inc raised its stake in Amazon.com by 650.0% in the second quarter. Christopher J. Hasenberg Inc now owns 300 shares of the e-commerce giant’s stock valued at $58,000 after buying an additional 260 shares in the last quarter. Clarity Asset Management Inc. purchased a new stake in Amazon.com during the 4th quarter worth about $46,000. Steph & Co. acquired a new position in shares of Amazon.com during the 1st quarter worth about $65,000. Finally, Koesten Hirschmann & Crabtree INC. purchased a new position in shares of Amazon.com in the 1st quarter valued at about $69,000. 72.20% of the stock is currently owned by hedge funds and other institutional investors.

Insiders Place Their Bets

In other news, CFO Brian T. Olsavsky sold 14,600 shares of the stock in a transaction that occurred on Wednesday, August 21st. The shares were sold at an average price of $180.00, for a total value of $2,628,000.00. Following the sale, the chief financial officer now directly owns 49,000 shares in the company, valued at $8,820,000. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. In other news, CFO Brian T. Olsavsky sold 14,600 shares of the company’s stock in a transaction dated 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 of the company’s stock, valued at approximately $8,820,000. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. Also, CEO Andrew R. Jassy sold 20,784 shares of the firm’s stock in a transaction that occurred on Wednesday, August 21st. The stock was sold at an average price of $180.77, for a total transaction of $3,757,123.68. Following the completion of the sale, the chief executive officer now directly owns 2,056,534 shares in the company, valued at $371,759,651.18. The disclosure for this sale can be found here. Over the last quarter, insiders sold 6,104,317 shares of company stock worth $1,220,621,322. Insiders own 10.80% of the company’s stock.

Analyst Ratings Changes

A number of equities analysts recently issued reports on the company. The Goldman Sachs Group lowered their price target on Amazon.com from $250.00 to $230.00 and set a “buy” rating for the company in a report on Friday, August 2nd. Stifel Nicolaus lowered their target price on shares of Amazon.com from $228.00 to $224.00 and set a “buy” rating for the company in a report on Friday, August 2nd. Royal Bank of Canada reaffirmed an “outperform” rating and issued a $215.00 target price on shares of Amazon.com in a research report on Friday, August 2nd. Evercore ISI boosted their price target on shares of Amazon.com from $225.00 to $240.00 and gave the company an “outperform” rating in a research report on Friday. Finally, Wolfe Research started coverage on Amazon.com in a report on Tuesday, July 16th. They set an “outperform” rating and a $250.00 price objective on the stock. One equities research analyst has rated the stock with a hold rating, forty have issued a buy rating and two have issued a strong buy rating to the company. Based on data from MarketBeat, the stock currently has an average rating of “Buy” and a consensus price target of $222.84.

Amazon.com Stock Performance

Shares of AMZN opened at $191.60 on Friday. 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, Inc. has a 52-week low of $118.35 and a 52-week high of $201.20. The company has a 50-day simple moving average of $178.54 and a 200-day simple moving average of $181.98. The company has a market capitalization of $1.99 trillion, a PE ratio of 53.67, a P/E/G ratio of 1.39 and a beta of 1.14.

Amazon.com (NASDAQ:AMZN) last issued its earnings results on Thursday, August 1st. The e-commerce giant reported $1.23 earnings per share for the quarter, topping 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 company had revenue of $147.98 billion for the quarter, compared to analyst estimates of $148.63 billion. Equities research analysts predict that Amazon.com, Inc. will post 4.86 earnings per share 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.