Benjamin F. Edwards & Company Inc. Grows Holdings in Amazon.com, Inc. (NASDAQ:AMZN)

Benjamin F. Edwards & Company Inc. lifted its stake in Amazon.com, Inc. (NASDAQ:AMZN) by 7.3% during the 2nd quarter, according to the company in its most recent filing with the SEC. The fund owned 187,509 shares of the e-commerce giant’s stock after acquiring an additional 12,833 shares during the quarter. Benjamin F. Edwards & Company Inc.’s holdings in Amazon.com were worth $36,236,000 at the end of the most recent reporting period.

A number of other hedge funds have also recently made changes to their positions in AMZN. Clifford Group LLC boosted its holdings in Amazon.com by 16.9% during the 2nd quarter. Clifford Group LLC now owns 12,709 shares of the e-commerce giant’s stock valued at $2,456,000 after acquiring an additional 1,835 shares during the period. Trust Investment Advisors boosted its stake in shares of Amazon.com by 96.1% in the second quarter. Trust Investment Advisors now owns 2,745 shares of the e-commerce giant’s stock valued at $530,000 after purchasing an additional 1,345 shares during the period. Ieq Capital LLC grew its holdings in shares of Amazon.com by 8.1% in the second quarter. Ieq Capital LLC now owns 1,195,430 shares of the e-commerce giant’s stock valued at $231,017,000 after purchasing an additional 89,897 shares in the last quarter. Brighton Jones LLC grew its holdings in shares of Amazon.com by 0.8% in the second quarter. Brighton Jones LLC now owns 4,006,146 shares of the e-commerce giant’s stock valued at $774,188,000 after purchasing an additional 32,903 shares in the last quarter. Finally, Intech Investment Management LLC increased its stake in Amazon.com by 24.9% during the 2nd quarter. Intech Investment Management LLC now owns 1,354,899 shares of the e-commerce giant’s stock worth $261,834,000 after buying an additional 270,431 shares during the period. Hedge funds and other institutional investors own 72.20% of the company’s stock.

Analyst Ratings Changes

Several equities analysts have commented on AMZN shares. UBS Group boosted their price target on shares of Amazon.com from $217.00 to $224.00 and gave the stock a “buy” rating in a research note on Tuesday, July 30th. DA Davidson restated a “buy” rating and set a $235.00 target price on shares of Amazon.com in a research note on Thursday, October 10th. TD Securities lifted their price target on shares of Amazon.com from $225.00 to $245.00 in a research note on Wednesday, July 10th. Wolfe Research began coverage on shares of Amazon.com in a research report on Tuesday, July 16th. They issued an “outperform” rating and a $250.00 price objective on the stock. Finally, Evercore ISI restated an “outperform” rating and issued a $240.00 price objective on shares of Amazon.com in a report on Friday, October 11th. Two research analysts have rated the stock with a hold rating, forty-two have assigned a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat, Amazon.com presently has a consensus rating of “Moderate Buy” and a consensus target price of $236.78.

Insider Activity

In related news, CEO Douglas J. Herrington sold 3,500 shares of the business’s stock in a transaction dated Thursday, August 1st. The shares were sold at an average price of $189.25, for a total transaction of $662,375.00. Following the sale, the chief executive officer now owns 503,753 shares of the company’s stock, valued at approximately $95,335,255.25. The trade was a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. In related news, VP Shelley Reynolds sold 3,791 shares of the business’s 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 sale, the vice president now directly owns 121,461 shares in the company, valued at $21,989,299.44. The trade was a 0.00 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, CEO Douglas J. Herrington sold 3,500 shares of the firm’s stock in a transaction dated Thursday, August 1st. The shares were sold at an average price of $189.25, for a total transaction of $662,375.00. Following the transaction, the chief executive officer now owns 503,753 shares of the company’s stock, valued at $95,335,255.25. This trade represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 54,355 shares of company stock worth $9,877,423 in the last 90 days. 10.80% of the stock is currently owned by corporate insiders.

Amazon.com Stock Performance

Shares of AMZN stock opened at $188.99 on Friday. The company has a current ratio of 1.10, a quick ratio of 0.88 and a debt-to-equity ratio of 0.23. The stock has a 50 day simple moving average of $181.98 and a 200-day simple moving average of $183.42. The company has a market cap of $1.97 trillion, a price-to-earnings ratio of 52.94, a price-to-earnings-growth ratio of 1.38 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.

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, topping the consensus estimate of $1.05 by $0.18. The firm 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%. On average, equities analysts forecast that Amazon.com, Inc. will post 4.85 EPS 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.