Amazon.com, Inc. (NASDAQ:AMZN) Position Increased by Austin Asset Management Co Inc

Austin Asset Management Co Inc raised its position in shares of Amazon.com, Inc. (NASDAQ:AMZN) by 3.3% in the second quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 8,829 shares of the e-commerce giant’s stock after buying an additional 285 shares during the quarter. Amazon.com accounts for 0.4% of Austin Asset Management Co Inc’s portfolio, making the stock its 22nd largest position. Austin Asset Management Co Inc’s holdings in Amazon.com were worth $1,706,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds also recently bought and sold shares of the company. UP Strategic Wealth Investment Advisors LLC lifted its position in shares of Amazon.com by 4.3% in the second quarter. UP Strategic Wealth Investment Advisors LLC now owns 6,471 shares of the e-commerce giant’s stock worth $1,251,000 after purchasing an additional 264 shares in the last quarter. Delaney Dennis R lifted its position in shares of Amazon.com by 2.7% in the second quarter. Delaney Dennis R now owns 34,733 shares of the e-commerce giant’s stock worth $6,712,000 after purchasing an additional 897 shares in the last quarter. XTX Topco Ltd lifted its position in shares of Amazon.com by 495.7% in the second quarter. XTX Topco Ltd now owns 18,706 shares of the e-commerce giant’s stock worth $3,615,000 after purchasing an additional 15,566 shares in the last quarter. Independent Advisor Alliance lifted its position in shares of Amazon.com by 1.7% in the second quarter. Independent Advisor Alliance now owns 563,284 shares of the e-commerce giant’s stock worth $108,855,000 after purchasing an additional 9,509 shares in the last quarter. Finally, WCG Wealth Advisors LLC lifted its position in shares of Amazon.com by 7.3% in the second quarter. WCG Wealth Advisors LLC now owns 123,523 shares of the e-commerce giant’s stock worth $23,871,000 after purchasing an additional 8,429 shares in the last quarter. 72.20% of the stock is owned by hedge funds and other institutional investors.

Amazon.com Stock Up 0.8 %

Shares of NASDAQ AMZN opened at $188.99 on Friday. The stock has a market cap of $1.97 trillion, a PE ratio of 52.94, a PEG ratio of 1.38 and a beta of 1.14. The business has a fifty day moving average of $181.98 and a two-hundred day moving average of $183.42. 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.

Amazon.com (NASDAQ:AMZN) last issued 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. The company had revenue of $147.98 billion during the quarter, compared to analysts’ expectations of $148.63 billion. Amazon.com had a return on equity of 21.39% and a net margin of 7.35%. As a group, equities research analysts expect that Amazon.com, Inc. will post 4.85 earnings per share for the current fiscal year.

Analyst Ratings Changes

AMZN has been the subject of a number of research analyst reports. Pivotal Research began coverage on shares of Amazon.com in a research report on Friday, October 11th. They issued a “buy” rating and a $260.00 price target for the company. Morgan Stanley restated an “overweight” rating and issued a $210.00 price objective on shares of Amazon.com in a report on Thursday, October 3rd. Wedbush restated an “outperform” rating and issued a $225.00 price objective on shares of Amazon.com in a report on Friday, August 2nd. TD Securities increased their price objective on Amazon.com from $225.00 to $245.00 in a report on Wednesday, July 10th. Finally, BMO Capital Markets restated an “outperform” rating and issued a $230.00 price objective on shares of Amazon.com in a report on Thursday, September 19th. Two research analysts have rated the stock with a hold rating, forty-two have issued a buy rating and one has issued a strong buy rating to the company’s stock. According to MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average target price of $236.78.

Insider Buying and Selling at Amazon.com

In other Amazon.com news, CEO Andrew R. Jassy sold 20,784 shares of Amazon.com stock in a transaction 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 transaction, the chief executive officer now directly owns 2,056,534 shares of the company’s stock, valued at approximately $371,759,651.18. This trade represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. In related news, CEO Andrew R. Jassy sold 20,784 shares of Amazon.com stock in a transaction dated Wednesday, August 21st. The stock was sold at an average price of $180.77, for a total value of $3,757,123.68. Following the completion of the transaction, the chief executive officer now directly owns 2,056,534 shares of the company’s stock, valued at $371,759,651.18. The trade was a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. Also, VP Shelley Reynolds sold 3,791 shares of Amazon.com stock in a transaction dated 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 transaction, the vice president now directly owns 121,461 shares of the company’s stock, valued at $21,989,299.44. This represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders sold 54,355 shares of company stock valued at $9,877,423. 10.80% of the stock is currently owned by company 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.