Amazon.com, Inc. (NASDAQ:AMZN) is Avalon Global Asset Management LLC’s 5th Largest Position

Avalon Global Asset Management LLC lifted its position in Amazon.com, Inc. (NASDAQ:AMZN) by 0.5% during the second quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 107,900 shares of the e-commerce giant’s stock after buying an additional 500 shares during the period. Amazon.com makes up about 4.7% of Avalon Global Asset Management LLC’s portfolio, making the stock its 5th largest position. Avalon Global Asset Management LLC’s holdings in Amazon.com were worth $20,852,000 at the end of the most recent reporting period.

Several other large investors have also recently modified their holdings of the company. PayPay Securities Corp increased its position in shares of Amazon.com by 64.6% during the second quarter. PayPay Securities Corp now owns 163 shares of the e-commerce giant’s stock worth $32,000 after purchasing an additional 64 shares in the last quarter. Christopher J. Hasenberg Inc increased its position in Amazon.com by 650.0% during 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 in the last quarter. Steph & Co. purchased a new stake in Amazon.com in the first quarter valued at about $65,000. Koesten Hirschmann & Crabtree INC. purchased a new stake in shares of Amazon.com during the first quarter worth about $69,000. Finally, Innealta Capital LLC acquired a new position in shares of Amazon.com during the second quarter valued at about $77,000. Institutional investors own 72.20% of the company’s stock.

Amazon.com Trading Up 0.0 %

Shares of AMZN opened at $189.07 on Tuesday. Amazon.com, Inc. has a 52-week low of $118.35 and a 52-week high of $201.20. The stock has a market cap of $1.97 trillion, a PE ratio of 52.96, a price-to-earnings-growth ratio of 1.38 and a beta of 1.14. The firm’s fifty day moving average is $182.43 and its two-hundred day moving average is $183.50. 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 (NASDAQ:AMZN) last posted its quarterly 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 firm had revenue of $147.98 billion for the quarter, compared to the consensus estimate of $148.63 billion. Research analysts forecast that Amazon.com, Inc. will post 4.85 earnings per share for the current fiscal year.

Analysts Set New Price Targets

Several analysts have weighed in on AMZN shares. Itau BBA Securities downgraded shares of Amazon.com from an “outperform” rating to a “market perform” rating and set a $186.00 target price on the stock. in a research report on Friday, August 2nd. Cantor Fitzgerald reissued an “overweight” rating and set a $230.00 price objective on shares of Amazon.com in a report on Monday, October 7th. Barclays raised their target price on Amazon.com from $220.00 to $235.00 and gave the stock an “overweight” rating in a research note on Friday, August 2nd. Jefferies Financial Group lowered their price target on Amazon.com from $235.00 to $225.00 and set a “buy” rating for the company in a research report on Friday, August 2nd. Finally, TD Cowen increased their price objective on Amazon.com from $225.00 to $245.00 and gave the company a “buy” rating in a report on Wednesday, July 10th. Two research analysts have rated the stock with a hold rating, forty-two have assigned a buy rating and one has given a strong buy rating to the company. According to MarketBeat, the company presently has an average rating of “Moderate Buy” and an average target price of $236.78.

Insider Transactions at Amazon.com

In other news, CFO Brian T. Olsavsky sold 14,600 shares of the company’s stock in a transaction that occurred on Wednesday, August 21st. The stock was sold at an average price of $180.00, for a total value of $2,628,000.00. Following the completion of the sale, the chief financial officer now directly owns 49,000 shares in the company, valued at $8,820,000. This represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. In other Amazon.com news, CFO Brian T. Olsavsky sold 14,600 shares of the business’s stock in a transaction on 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 transaction, the chief financial officer now owns 49,000 shares of the company’s stock, valued at approximately $8,820,000. 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 accessible through the SEC website. Also, SVP David Zapolsky sold 2,190 shares of the company’s stock in a transaction on Tuesday, September 24th. The shares were sold at an average price of $195.00, for a total value of $427,050.00. Following the completion of the sale, the senior vice president now owns 62,420 shares of the company’s stock, valued at approximately $12,171,900. The trade was a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 54,355 shares of company stock worth $9,877,423 in the last ninety days. Insiders own 10.80% of the company’s stock.

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.