Amazon.com, Inc. (NASDAQ:AMZN) Shares Purchased by Doheny Asset Management CA

Doheny Asset Management CA grew its holdings in shares of Amazon.com, Inc. (NASDAQ:AMZN) by 11.1% in the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 14,981 shares of the e-commerce giant’s stock after acquiring an additional 1,491 shares during the period. Amazon.com comprises about 1.6% of Doheny Asset Management CA’s investment portfolio, making the stock its 18th biggest holding. Doheny Asset Management CA’s holdings in Amazon.com were worth $2,895,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also modified their holdings of the business. Vanguard Group Inc. grew its stake in Amazon.com by 1.9% during the 1st quarter. Vanguard Group Inc. now owns 785,811,114 shares of the e-commerce giant’s stock valued at $141,744,609,000 after purchasing an additional 14,724,687 shares in the last quarter. Swedbank AB acquired a new stake in shares of Amazon.com during the first quarter worth approximately $2,239,757,000. Capital World Investors grew its position in shares of Amazon.com by 64.6% during the first quarter. Capital World Investors now owns 29,359,677 shares of the e-commerce giant’s stock worth $5,295,899,000 after buying an additional 11,524,463 shares in the last quarter. Capital Research Global Investors increased its stake in shares of Amazon.com by 8.5% in the first quarter. Capital Research Global Investors now owns 86,982,857 shares of the e-commerce giant’s stock worth $15,689,968,000 after buying an additional 6,810,145 shares during the last quarter. Finally, Strategic Financial Concepts LLC lifted its position in shares of Amazon.com by 13,606.7% during the second quarter. Strategic Financial Concepts LLC now owns 3,932,580 shares of the e-commerce giant’s stock worth $759,971,000 after purchasing an additional 3,903,889 shares during the last quarter. 72.20% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

AMZN has been the subject of a number of research analyst reports. Cantor Fitzgerald reiterated an “overweight” rating and issued a $230.00 price target on shares of Amazon.com in a report on Monday, October 7th. Wedbush reaffirmed an “outperform” rating and set a $225.00 price objective on shares of Amazon.com in a research report on Friday, August 2nd. Stifel Nicolaus cut their target price on shares of Amazon.com from $228.00 to $224.00 and set a “buy” rating on the stock in a report on Friday, August 2nd. Bank of America decreased their target price on Amazon.com from $220.00 to $210.00 and set a “buy” rating for the company in a research note on Friday, August 2nd. Finally, Wolfe Research began coverage on Amazon.com in a research report on Tuesday, July 16th. They set an “outperform” rating and a $250.00 price target on the stock. 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 data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average price target of $236.78.

Insiders Place Their Bets

In other Amazon.com news, CEO Andrew R. Jassy sold 20,784 shares of the firm’s stock in a transaction dated Wednesday, August 21st. The shares were sold at an average price of $180.77, for a total value of $3,757,123.68. Following the completion of the transaction, the chief executive officer now directly owns 2,056,534 shares in the company, valued at $371,759,651.18. 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 available through this link. In other Amazon.com news, CEO Douglas J. Herrington sold 3,500 shares of the business’s stock in a transaction on Thursday, August 1st. The shares were sold at an average price of $189.25, for a total transaction of $662,375.00. Following the sale, the chief executive officer now directly owns 503,753 shares of the company’s stock, valued at $95,335,255.25. The trade was a 0.00 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, CEO Andrew R. Jassy sold 20,784 shares of the stock in a transaction on Wednesday, August 21st. The shares were 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 position. The disclosure for this sale can be found here. In the last quarter, insiders have sold 54,355 shares of company stock worth $9,877,423. Company insiders own 10.80% of the company’s stock.

Amazon.com Price Performance

NASDAQ AMZN opened at $187.83 on Monday. Amazon.com, Inc. has a 1 year low of $118.35 and a 1 year high of $201.20. The business’s fifty day moving average is $183.50 and its two-hundred day moving average is $183.54. The stock 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. The company has a debt-to-equity ratio of 0.23, a quick ratio of 0.88 and a current ratio of 1.10.

Amazon.com (NASDAQ:AMZN) last announced its earnings results on Thursday, August 1st. The e-commerce giant reported $1.23 earnings per share (EPS) 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 for the quarter, compared to analyst estimates of $148.63 billion. On average, research analysts forecast that Amazon.com, Inc. will post 4.85 earnings per share for the current fiscal year.

Amazon.com Company 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.