Centaurus Financial Inc. Has $29.88 Million Holdings in Amazon.com, Inc. (NASDAQ:AMZN)

Centaurus Financial Inc. boosted its stake in shares of Amazon.com, Inc. (NASDAQ:AMZN) by 63.3% during the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 154,607 shares of the e-commerce giant’s stock after acquiring an additional 59,945 shares during the period. Amazon.com accounts for about 2.0% of Centaurus Financial Inc.’s portfolio, making the stock its 6th biggest position. Centaurus Financial Inc.’s holdings in Amazon.com were worth $29,878,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors have also recently modified their holdings of the company. Healthcare of Ontario Pension Plan Trust Fund increased its position in shares of Amazon.com by 164.1% in the second quarter. Healthcare of Ontario Pension Plan Trust Fund now owns 1,053,958 shares of the e-commerce giant’s stock worth $203,677,000 after purchasing an additional 654,908 shares during the period. Sensible Money LLC increased its holdings in Amazon.com by 3.2% in the 2nd quarter. Sensible Money LLC now owns 3,590 shares of the e-commerce giant’s stock valued at $694,000 after buying an additional 111 shares during the period. University of Texas Texas AM Investment Management Co. raised its position in shares of Amazon.com by 1.0% in the 2nd quarter. University of Texas Texas AM Investment Management Co. now owns 57,669 shares of the e-commerce giant’s stock valued at $11,145,000 after buying an additional 568 shares in the last quarter. Newbridge Financial Services Group Inc. lifted its holdings in shares of Amazon.com by 5.1% during the 2nd quarter. Newbridge Financial Services Group Inc. now owns 64,100 shares of the e-commerce giant’s stock worth $12,387,000 after acquiring an additional 3,102 shares during the period. Finally, SS&H Financial Advisors Inc. boosted its position in shares of Amazon.com by 6.5% during the 2nd quarter. SS&H Financial Advisors Inc. now owns 43,527 shares of the e-commerce giant’s stock worth $8,411,000 after acquiring an additional 2,640 shares in the last quarter. 72.20% of the stock is currently owned by institutional investors.

Amazon.com Stock Performance

NASDAQ AMZN opened at $190.83 on Wednesday. The company has a market cap of $1.99 trillion, a P/E ratio of 53.45, a PEG ratio of 1.38 and a beta of 1.14. The company has a fifty day simple moving average of $183.94 and a 200 day simple moving average of $183.57. The company has a current ratio of 1.10, a quick ratio of 0.88 and a debt-to-equity ratio of 0.23. Amazon.com, Inc. has a 12-month low of $128.56 and a 12-month high of $201.20.

Amazon.com (NASDAQ:AMZN) last posted its 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. Amazon.com had a net margin of 7.35% and a return on equity of 21.39%. The company had revenue of $147.98 billion during the quarter, compared to the consensus estimate of $148.63 billion. Sell-side analysts predict that Amazon.com, Inc. will post 4.85 earnings per share for the current fiscal year.

Insider Transactions at Amazon.com

In related news, SVP David Zapolsky sold 2,190 shares of the company’s stock in a transaction on Tuesday, September 24th. The stock was sold at an average price of $195.00, for a total transaction 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. This represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through this link. In other Amazon.com news, CEO Douglas J. Herrington sold 3,500 shares of the company’s stock in a transaction dated Thursday, August 1st. The shares were sold at an average price of $189.25, for a total value of $662,375.00. Following the completion of the sale, the chief executive officer now directly owns 503,753 shares of the company’s stock, valued at approximately $95,335,255.25. This represents a 0.00 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, SVP David Zapolsky sold 2,190 shares of Amazon.com stock in a transaction that occurred on Tuesday, September 24th. The stock was sold at an average price of $195.00, for a total transaction of $427,050.00. Following the transaction, the senior vice president now directly owns 62,420 shares in the company, valued at approximately $12,171,900. This represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 54,355 shares of company stock valued at $9,877,423 over the last ninety days. 10.80% of the stock is currently owned by insiders.

Wall Street Analyst Weigh In

Several equities research analysts have weighed in on AMZN shares. Telsey Advisory Group restated an “outperform” rating and set a $215.00 target price on shares of Amazon.com in a research note on Thursday, October 10th. Rosenblatt Securities raised their price objective on Amazon.com from $220.00 to $221.00 and gave the company a “buy” rating in a research note on Friday, August 2nd. Jefferies Financial Group lowered their target price on Amazon.com from $235.00 to $225.00 and set a “buy” rating for the company in a research note on Friday, August 2nd. Wedbush reissued an “outperform” rating and issued a $225.00 target price on shares of Amazon.com in a report on Friday, August 2nd. Finally, BMO Capital Markets reaffirmed an “outperform” rating and set a $230.00 price target on shares of Amazon.com in a report on Thursday, September 19th. Two equities 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 data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average price target of $236.76.

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.