Amazon.com, Inc. (NASDAQ:AMZN) Shares Acquired by Second Line Capital LLC

Second Line Capital LLC lifted its stake in Amazon.com, Inc. (NASDAQ:AMZN) by 12.9% in the 2nd quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 8,512 shares of the e-commerce giant’s stock after purchasing an additional 974 shares during the quarter. Second Line Capital LLC’s holdings in Amazon.com were worth $1,645,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in the stock. Prentice Wealth Management LLC increased its position in Amazon.com by 4.6% during the first quarter. Prentice Wealth Management LLC now owns 9,856 shares of the e-commerce giant’s stock worth $1,778,000 after purchasing an additional 436 shares during the last quarter. Security National Bank increased its holdings in shares of Amazon.com by 0.7% during the 1st quarter. Security National Bank now owns 73,164 shares of the e-commerce giant’s stock worth $13,197,000 after buying an additional 533 shares during the last quarter. Arkfeld Wealth Strategies L.L.C. raised its position in shares of Amazon.com by 3.5% during the 1st quarter. Arkfeld Wealth Strategies L.L.C. now owns 98,998 shares of the e-commerce giant’s stock valued at $18,409,000 after buying an additional 3,376 shares during the period. West Paces Advisors Inc. lifted its holdings in Amazon.com by 8.7% in the first quarter. West Paces Advisors Inc. now owns 9,485 shares of the e-commerce giant’s stock valued at $1,711,000 after acquiring an additional 758 shares during the last quarter. Finally, Ayalon Insurance Comp Ltd. grew its position in Amazon.com by 9.0% in the first quarter. Ayalon Insurance Comp Ltd. now owns 14,518 shares of the e-commerce giant’s stock worth $2,619,000 after acquiring an additional 1,198 shares during the period. Institutional investors and hedge funds own 72.20% of the company’s stock.

Amazon.com Stock Performance

NASDAQ AMZN opened at $187.83 on Monday. The stock has a market capitalization of $1.95 trillion, a price-to-earnings ratio of 52.61, a PEG ratio of 1.38 and a beta of 1.14. The business’s 50 day moving average is $183.50 and its two-hundred day moving average is $183.54. Amazon.com, Inc. has a 12-month low of $118.35 and a 12-month high of $201.20. 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 (NASDAQ:AMZN) last announced its quarterly earnings data 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 firm had revenue of $147.98 billion for the quarter, compared to analyst estimates of $148.63 billion. Research analysts expect that Amazon.com, Inc. will post 4.85 EPS for the current year.

Analyst Upgrades and Downgrades

Several equities analysts have recently commented on the company. Wells Fargo & Company lowered Amazon.com from an “overweight” rating to an “equal weight” rating and decreased their price target for the company from $225.00 to $183.00 in a research note on Monday, October 7th. JPMorgan Chase & Co. lowered their target price on shares of Amazon.com from $240.00 to $230.00 and set an “overweight” rating for the company in a research note on Friday, August 2nd. TD Securities boosted their price target on shares of Amazon.com from $225.00 to $245.00 in a research note on Wednesday, July 10th. BMO Capital Markets reaffirmed an “outperform” rating and set a $230.00 price objective on shares of Amazon.com in a research report on Thursday, September 19th. Finally, Loop Capital boosted their target price on Amazon.com from $750.00 to $800.00 and gave the company a “buy” rating in a research report on Wednesday, October 16th. Two 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 stock. According to MarketBeat, Amazon.com has a consensus rating of “Moderate Buy” and an average target price of $236.78.

Insider Transactions at Amazon.com

In related news, SVP David Zapolsky sold 2,190 shares of the firm’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 $12,171,900. This trade 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 at this link. In other Amazon.com news, SVP David Zapolsky sold 2,190 shares of the 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 transaction, the senior vice president now directly owns 62,420 shares of the company’s stock, valued at approximately $12,171,900. This trade represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, CEO Andrew R. Jassy sold 20,784 shares of Amazon.com stock in a transaction that occurred on Wednesday, August 21st. The shares were sold at an average price of $180.77, for a total transaction of $3,757,123.68. Following the sale, the chief executive officer now owns 2,056,534 shares of the company’s stock, valued at approximately $371,759,651.18. 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 valued at $9,877,423 in the last ninety days. 10.80% of the stock is currently owned by company insiders.

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.