Cortland Associates Inc. MO Purchases 1,230 Shares of Amazon.com, Inc. (NASDAQ:AMZN)

Cortland Associates Inc. MO grew its position in shares of Amazon.com, Inc. (NASDAQ:AMZN) by 0.5% in the second quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 242,563 shares of the e-commerce giant’s stock after buying an additional 1,230 shares during the quarter. Amazon.com accounts for 5.9% of Cortland Associates Inc. MO’s investment portfolio, making the stock its 8th largest holding. Cortland Associates Inc. MO’s holdings in Amazon.com were worth $46,875,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also made changes to their positions in the company. Cooksen Wealth LLC purchased a new stake in Amazon.com in the 4th quarter valued at approximately $30,000. Christopher J. Hasenberg Inc lifted its holdings 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 buying an additional 260 shares during the period. Clarity Asset Management Inc. purchased a new stake in shares of Amazon.com in the fourth quarter valued at approximately $46,000. Steph & Co. acquired a new position in Amazon.com during the first quarter worth $65,000. Finally, Koesten Hirschmann & Crabtree INC. acquired a new position in Amazon.com during the first quarter worth $69,000. Hedge funds and other institutional investors own 72.20% of the company’s stock.

Insider Buying and Selling

In other Amazon.com news, CFO Brian T. Olsavsky sold 14,600 shares of the business’s stock in a transaction dated Wednesday, August 21st. The stock was sold at an average price of $180.00, for a total transaction of $2,628,000.00. Following the completion of the sale, the chief financial officer now owns 49,000 shares of the company’s stock, valued at $8,820,000. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. In other news, CEO Douglas J. Herrington sold 3,500 shares of the stock in a transaction on Monday, July 1st. The shares were sold at an average price of $195.99, for a total value of $685,965.00. Following the completion of the sale, the chief executive officer now owns 519,753 shares of the company’s stock, valued at $101,866,390.47. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, CFO Brian T. Olsavsky sold 14,600 shares of Amazon.com 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 transaction, the chief financial officer now owns 49,000 shares in the company, valued at approximately $8,820,000. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 6,104,317 shares of company stock valued at $1,220,621,322. 10.80% of the stock is currently owned by company insiders.

Wall Street Analysts Forecast Growth

A number of equities research analysts have commented on the company. JPMorgan Chase & Co. reduced their target price on Amazon.com from $240.00 to $230.00 and set an “overweight” rating for the company in a report on Friday, August 2nd. Tigress Financial raised their price objective on shares of Amazon.com from $210.00 to $245.00 and gave the company a “buy” rating in a research note on Thursday, May 30th. Cantor Fitzgerald began coverage on shares of Amazon.com in a report on Thursday, September 5th. They issued an “overweight” rating and a $230.00 target price for the company. TD Securities boosted their price target on Amazon.com from $225.00 to $245.00 in a research note on Wednesday, July 10th. Finally, Needham & Company LLC reaffirmed a “buy” rating and issued a $210.00 price objective on shares of Amazon.com in a research note on Thursday, September 12th. One equities research analyst has rated the stock with a hold rating, forty have given a buy rating and two have assigned a strong buy rating to the company. Based on data from MarketBeat.com, Amazon.com currently has an average rating of “Buy” and an average target price of $222.84.

Amazon.com Trading Up 0.9 %

NASDAQ AMZN opened at $191.60 on Monday. The company has a market cap of $1.99 trillion, a P/E ratio of 53.67, a P/E/G ratio of 1.39 and a beta of 1.14. Amazon.com, Inc. has a 12 month low of $118.35 and a 12 month high of $201.20. The company has a debt-to-equity ratio of 0.23, a current ratio of 1.10 and a quick ratio of 0.88. The company has a 50-day moving average of $178.54 and a 200-day moving average of $182.10.

Amazon.com (NASDAQ:AMZN) last issued its quarterly earnings results on Thursday, August 1st. The e-commerce giant reported $1.23 EPS for the quarter, topping the consensus estimate 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%. As a group, equities analysts predict that Amazon.com, Inc. will post 4.86 earnings per share for the current 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.