Liberty Capital Management Inc. Boosts Stock Holdings in Amazon.com, Inc. (NASDAQ:AMZN)

Liberty Capital Management Inc. grew its position in Amazon.com, Inc. (NASDAQ:AMZN) by 0.5% during the second quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 62,817 shares of the e-commerce giant’s stock after purchasing an additional 311 shares during the quarter. Amazon.com makes up about 2.9% of Liberty Capital Management Inc.’s portfolio, making the stock its 6th largest position. Liberty Capital Management Inc.’s holdings in Amazon.com were worth $12,139,000 at the end of the most recent reporting period.

A number of other institutional investors also recently modified their holdings of the company. Private Client Services LLC boosted its stake in Amazon.com by 1.0% during the second quarter. Private Client Services LLC now owns 8,974 shares of the e-commerce giant’s stock worth $1,734,000 after acquiring an additional 89 shares in the last quarter. Meitav Investment House Ltd. boosted its stake in Amazon.com by 3.8% during the second quarter. Meitav Investment House Ltd. now owns 761,144 shares of the e-commerce giant’s stock worth $147,303,000 after acquiring an additional 27,842 shares in the last quarter. Whittier Trust Co. of Nevada Inc. boosted its stake in Amazon.com by 0.6% during the second quarter. Whittier Trust Co. of Nevada Inc. now owns 541,645 shares of the e-commerce giant’s stock worth $104,673,000 after acquiring an additional 2,970 shares in the last quarter. Whittier Trust Co. boosted its stake in Amazon.com by 2.8% during the second quarter. Whittier Trust Co. now owns 1,037,779 shares of the e-commerce giant’s stock worth $200,550,000 after acquiring an additional 27,789 shares in the last quarter. Finally, Westchester Capital Management Inc. boosted its stake in Amazon.com by 1.1% during the second quarter. Westchester Capital Management Inc. now owns 36,124 shares of the e-commerce giant’s stock worth $6,981,000 after acquiring an additional 405 shares in the last quarter. 72.20% of the stock is owned by institutional investors.

Amazon.com Price Performance

Shares of NASDAQ: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. The firm 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, Inc. has a twelve month low of $118.35 and a twelve month high of $201.20. The company has a 50-day moving average price of $178.54 and a two-hundred day moving average price of $182.04.

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 analysts’ consensus estimates of $1.05 by $0.18. The firm had revenue of $147.98 billion during 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%. Equities analysts forecast that Amazon.com, Inc. will post 4.86 EPS for the current year.

Insiders Place Their Bets

In other Amazon.com news, CFO Brian T. Olsavsky sold 14,600 shares of the 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 in the company, valued at $8,820,000. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. In other news, CFO Brian T. Olsavsky sold 14,600 shares of the firm’s 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 completion of the transaction, 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 is available through this hyperlink. Also, VP Shelley Reynolds sold 3,791 shares of the firm’s 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 completion of the transaction, the vice president now owns 121,461 shares of the company’s stock, valued at $21,989,299.44. The disclosure for this sale can be found here. Insiders sold 6,104,317 shares of company stock worth $1,220,621,322 over the last quarter. 10.80% of the stock is currently owned by company insiders.

Analysts Set New Price Targets

Several research analysts recently issued reports on the stock. JMP Securities increased their target price on shares of Amazon.com from $245.00 to $265.00 and gave the stock a “market outperform” rating in a research note on Tuesday, September 3rd. Evercore ISI increased their target price on shares of Amazon.com from $225.00 to $240.00 and gave the stock an “outperform” rating in a research note on Friday. Stifel Nicolaus lowered their price objective on shares of Amazon.com from $228.00 to $224.00 and set a “buy” rating on the stock in a report on Friday, August 2nd. Wolfe Research started coverage on shares of Amazon.com in a report on Tuesday, July 16th. They set an “outperform” rating and a $250.00 price objective on the stock. Finally, Bank of America lowered their price objective on shares of Amazon.com from $220.00 to $210.00 and set a “buy” rating on the stock in a report on Friday, August 2nd. One 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 company. Based on data from MarketBeat.com, the stock presently has an average rating of “Buy” and an average target price of $222.84.

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.