Delta Investment Management LLC Boosts Stake in Amazon.com, Inc. (NASDAQ:AMZN)

Delta Investment Management LLC boosted its position in Amazon.com, Inc. (NASDAQ:AMZN) by 0.4% during the 2nd quarter, according to its most recent Form 13F filing with the SEC. The fund owned 54,640 shares of the e-commerce giant’s stock after purchasing an additional 210 shares during the period. Amazon.com comprises 2.3% of Delta Investment Management LLC’s portfolio, making the stock its 9th biggest holding. Delta Investment Management LLC’s holdings in Amazon.com were worth $10,559,000 at the end of the most recent quarter.

Other large investors have also made changes to their positions in the company. Phillips Wealth Planners LLC grew its position in Amazon.com by 9.2% during the first quarter. Phillips Wealth Planners LLC now owns 2,655 shares of the e-commerce giant’s stock valued at $487,000 after buying an additional 224 shares during the period. Stonekeep Investments LLC purchased a new position in shares of Amazon.com during the 2nd quarter worth $2,588,000. Concord Investment Counsel Inc. bought a new stake in shares of Amazon.com during the 1st quarter valued at $20,790,000. O Shaughnessy Asset Management LLC increased its stake in shares of Amazon.com by 26.1% in the 1st quarter. O Shaughnessy Asset Management LLC now owns 644,319 shares of the e-commerce giant’s stock worth $116,222,000 after purchasing an additional 133,471 shares in the last quarter. Finally, Eos Management L.P. raised its holdings in Amazon.com by 27.1% in the 2nd quarter. Eos Management L.P. now owns 47,554 shares of the e-commerce giant’s stock worth $9,190,000 after purchasing an additional 10,147 shares during the period. 72.20% of the stock is currently owned by institutional investors.

Insider Transactions at Amazon.com

In related news, CFO Brian T. Olsavsky sold 14,600 shares of the 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 transaction, the chief financial officer now owns 49,000 shares of the company’s stock, valued at $8,820,000. This represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. In other news, SVP David Zapolsky sold 2,190 shares of the business’s stock in a transaction dated 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 in the company, valued at approximately $12,171,900. The trade was a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, CFO Brian T. Olsavsky sold 14,600 shares of the company’s stock in a transaction 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 sale, the chief financial officer now owns 49,000 shares of the company’s stock, valued at approximately $8,820,000. This represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. Over the last three months, insiders have sold 54,355 shares of company stock valued at $9,877,423. 10.80% of the stock is currently owned by company insiders.

Amazon.com Price Performance

Shares of AMZN stock opened at $187.83 on Friday. The stock has a 50 day moving average price of $183.29 and a 200 day moving average price of $183.56. 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. The firm has a market capitalization of $1.95 trillion, a P/E ratio of 52.61, a P/E/G ratio of 1.38 and a beta of 1.14.

Amazon.com (NASDAQ:AMZN) last issued its earnings results 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 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, sell-side analysts predict that Amazon.com, Inc. will post 4.85 earnings per share for the current year.

Analyst Upgrades and Downgrades

Several analysts have issued reports on the company. TD Securities boosted their price target on Amazon.com from $225.00 to $245.00 in a report on Wednesday, July 10th. Loop Capital boosted their price objective on Amazon.com from $750.00 to $800.00 and gave the company a “buy” rating in a research note on Wednesday, October 16th. Wells Fargo & Company cut shares of Amazon.com from an “overweight” rating to an “equal weight” rating and decreased their target price for the stock from $225.00 to $183.00 in a research note on Monday, October 7th. Bank of America dropped their price target on shares of Amazon.com from $220.00 to $210.00 and set a “buy” rating for the company in a research report on Friday, August 2nd. Finally, Jefferies Financial Group decreased their price objective on shares of Amazon.com from $235.00 to $225.00 and set a “buy” rating on the stock in a research report on Friday, August 2nd. Two analysts have rated the stock with a hold rating, forty-two have given a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $236.78.

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.