Leavell Investment Management Inc. Increases Stake in Amazon.com, Inc. (AMZN)

Leavell Investment Management Inc. increased its position in shares of Amazon.com, Inc. (NASDAQ:AMZN) by 265.0% during the 2nd quarter, HoldingsChannel.com reports. The institutional investor owned 719 shares of the e-commerce giant’s stock after purchasing an additional 522 shares during the period. Leavell Investment Management Inc.’s holdings in Amazon.com were worth $1,222,000 as of its most recent SEC filing.

Several other institutional investors have also recently made changes to their positions in the company. Summit Trail Advisors LLC grew its stake in Amazon.com by 180,406.1% in the first quarter. Summit Trail Advisors LLC now owns 9,848,415 shares of the e-commerce giant’s stock valued at $9,848,000 after purchasing an additional 9,842,959 shares during the last quarter. Cornerstone Wealth Management LLC grew its stake in Amazon.com by 198,956.6% in the second quarter. Cornerstone Wealth Management LLC now owns 3,340,169 shares of the e-commerce giant’s stock valued at $1,949,000 after purchasing an additional 3,338,491 shares during the last quarter. Mackay Shields LLC purchased a new position in Amazon.com in the first quarter valued at about $248,912,000. Natixis grew its stake in Amazon.com by 296.9% in the first quarter. Natixis now owns 198,729 shares of the e-commerce giant’s stock valued at $287,629,000 after purchasing an additional 148,654 shares during the last quarter. Finally, ADAMCAPITAL Gestao de Recursos Ltda. purchased a new position in Amazon.com in the fourth quarter valued at about $172,579,000. Hedge funds and other institutional investors own 57.36% of the company’s stock.

Amazon.com stock opened at $1,864.42 on Tuesday. The company has a debt-to-equity ratio of 0.70, a current ratio of 1.07 and a quick ratio of 0.78. Amazon.com, Inc. has a 52 week low of $962.50 and a 52 week high of $2,050.50. The stock has a market cap of $976.95 billion, a P/E ratio of 409.76, a PEG ratio of 4.17 and a beta of 1.58.

Amazon.com (NASDAQ:AMZN) last released its earnings results on Thursday, July 26th. The e-commerce giant reported $5.07 EPS for the quarter, topping the Zacks’ consensus estimate of $2.49 by $2.58. Amazon.com had a return on equity of 18.47% and a net margin of 3.02%. The firm had revenue of $52.89 billion during the quarter, compared to the consensus estimate of $53.37 billion. During the same quarter in the previous year, the company posted $0.40 earnings per share. The company’s revenue was up 39.3% compared to the same quarter last year. On average, equities analysts anticipate that Amazon.com, Inc. will post 17.78 EPS for the current fiscal year.

In related news, CEO Jeffrey A. Wilke sold 2,000 shares of Amazon.com stock in a transaction dated Wednesday, September 12th. The stock was sold at an average price of $1,981.72, for a total transaction of $3,963,440.00. Following the completion of the sale, the chief executive officer now owns 10,000 shares of the company’s stock, valued at $19,817,200. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, insider Jeffrey M. Blackburn sold 4,108 shares of Amazon.com stock in a transaction dated Wednesday, August 29th. The stock was sold at an average price of $1,952.10, for a total value of $8,019,226.80. Following the sale, the insider now directly owns 42,874 shares of the company’s stock, valued at approximately $83,694,335.40. The disclosure for this sale can be found here. Insiders have sold 25,308 shares of company stock valued at $47,905,498 in the last ninety days. Corporate insiders own 16.30% of the company’s stock.

Several equities analysts have issued reports on the company. Jefferies Financial Group reiterated a “buy” rating on shares of Amazon.com in a research note on Monday. Macquarie reiterated a “buy” rating on shares of Amazon.com in a research note on Monday. JMP Securities reiterated a “buy” rating and issued a $2,075.00 target price on shares of Amazon.com in a research note on Friday. BidaskClub lowered Amazon.com from a “buy” rating to a “hold” rating in a research note on Friday. Finally, Goldman Sachs Group reiterated a “buy” rating on shares of Amazon.com in a research note on Tuesday, October 2nd. Four investment analysts have rated the stock with a hold rating and forty-nine have issued a buy rating to the company. Amazon.com currently has an average rating of “Buy” and a consensus price target of $2,005.64.

About Amazon.com

Amazon.com, Inc engages in the retail sale of consumer products and subscriptions in North America and internationally. The company operates through three segments: North America, International, and Amazon Web Services (AWS) segments. It sells merchandise and content purchased for resale from vendors, as well as those offered by third-party sellers through physical stores and retail Websites, such as amazon.com, amazon.ca, amazon.com.mx, amazon.com.au, amazon.com.br, amazon.cn, amazon.fr, amazon.de, amazon.in, amazon.it, amazon.co.jp, amazon.nl, amazon.es, and amazon.co.uk.

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Institutional Ownership by Quarter for Amazon.com (NASDAQ:AMZN)

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