Amazon.com, Inc. (NASDAQ:AMZN) Shares Acquired by Full Sail Capital LLC

Full Sail Capital LLC boosted its stake in shares of Amazon.com, Inc. (NASDAQ:AMZN) by 1.6% in the second quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 39,462 shares of the e-commerce giant’s stock after purchasing an additional 618 shares during the quarter. Full Sail Capital LLC’s holdings in Amazon.com were worth $7,626,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also added to or reduced their stakes in the stock. Ascent Group LLC boosted its position in Amazon.com by 7.2% during the 2nd quarter. Ascent Group LLC now owns 98,200 shares of the e-commerce giant’s stock valued at $18,977,000 after purchasing an additional 6,566 shares during the period. SkyView Investment Advisors LLC boosted its position in Amazon.com by 12.6% during the 2nd quarter. SkyView Investment Advisors LLC now owns 16,003 shares of the e-commerce giant’s stock valued at $3,093,000 after purchasing an additional 1,787 shares during the period. Driehaus Capital Management LLC boosted its position in Amazon.com by 26.0% during the 2nd quarter. Driehaus Capital Management LLC now owns 13,918 shares of the e-commerce giant’s stock valued at $2,690,000 after purchasing an additional 2,868 shares during the period. Rockport Wealth LLC raised its stake in Amazon.com by 2,240.6% during the 2nd quarter. Rockport Wealth LLC now owns 76,749 shares of the e-commerce giant’s stock valued at $14,832,000 after acquiring an additional 73,470 shares in the last quarter. Finally, Empirical Capital Management LLC raised its stake in Amazon.com by 20.5% during the 2nd quarter. Empirical Capital Management LLC now owns 100,000 shares of the e-commerce giant’s stock valued at $19,325,000 after acquiring an additional 17,000 shares in the last quarter. Institutional investors and hedge funds own 72.20% of the company’s stock.

Insiders Place Their Bets

In other Amazon.com news, CEO Andrew R. Jassy sold 20,784 shares of the business’s 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 sale, the chief executive officer now 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 sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. In other Amazon.com news, CEO Andrew R. Jassy sold 20,784 shares of the business’s 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 sale, the chief executive officer now 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 sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, CFO Brian T. Olsavsky sold 14,600 shares of the business’s stock in a transaction dated 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 of the company’s stock, valued at $8,820,000. This represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 54,355 shares of company stock valued at $9,877,423 over the last quarter. Insiders own 10.80% of the company’s stock.

Amazon.com Stock Performance

Shares of NASDAQ AMZN opened at $187.83 on Friday. The business’s 50-day moving average price is $183.50 and its two-hundred day moving average price is $183.56. The company has a debt-to-equity ratio of 0.23, a current ratio of 1.10 and a quick ratio of 0.88. Amazon.com, Inc. has a one year low of $118.35 and a one year high of $201.20. The company has a market capitalization of $1.95 trillion, a P/E ratio of 52.61, a price-to-earnings-growth ratio of 1.38 and a beta of 1.14.

Amazon.com (NASDAQ:AMZN) last announced its quarterly earnings results on Thursday, August 1st. The e-commerce giant reported $1.23 earnings per share for the quarter, topping analysts’ consensus estimates of $1.05 by $0.18. Amazon.com had a return on equity of 21.39% and a net margin of 7.35%. The company had revenue of $147.98 billion during the quarter, compared to analysts’ expectations of $148.63 billion. Analysts anticipate that Amazon.com, Inc. will post 4.85 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

Several brokerages have weighed in on AMZN. Wedbush reaffirmed an “outperform” rating and set a $225.00 target price on shares of Amazon.com in a research note on Friday, August 2nd. DA Davidson reaffirmed a “buy” rating and set a $235.00 target price on shares of Amazon.com in a research note on Thursday, October 10th. Jefferies Financial Group cut their target price on Amazon.com from $235.00 to $225.00 and set a “buy” rating on the stock in a research note on Friday, August 2nd. Royal Bank of Canada reaffirmed an “outperform” rating and set a $215.00 target price on shares of Amazon.com in a research note on Friday, August 2nd. Finally, JMP Securities reaffirmed a “market outperform” rating and set a $265.00 target price on shares of Amazon.com in a research note on Tuesday, October 15th. Two research analysts have rated the stock with a hold rating, forty-two have issued a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat, the company has an average rating of “Moderate Buy” and a consensus price target of $236.78.

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.