Winslow Asset Management Inc. Increases Stock Holdings in Amazon.com, Inc. (NASDAQ:AMZN)

Winslow Asset Management Inc. lifted its position in Amazon.com, Inc. (NASDAQ:AMZN) by 4.7% during the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 292 shares of the e-commerce giant’s stock after buying an additional 13 shares during the quarter. Winslow Asset Management Inc.’s holdings in Amazon.com were worth $553,000 at the end of the most recent quarter.

Several other institutional investors have also recently made changes to their positions in AMZN. Signet Investment Advisory Group Inc. bought a new position in Amazon.com during the fourth quarter valued at approximately $33,000. Financial Advantage Inc. bought a new position in Amazon.com during the fourth quarter valued at approximately $45,000. Mascoma Wealth Management LLC grew its position in Amazon.com by 15.6% during the fourth quarter. Mascoma Wealth Management LLC now owns 52 shares of the e-commerce giant’s stock valued at $78,000 after acquiring an additional 7 shares during the last quarter. Contravisory Investment Management Inc. grew its position in Amazon.com by 20.6% during the second quarter. Contravisory Investment Management Inc. now owns 41 shares of the e-commerce giant’s stock valued at $78,000 after acquiring an additional 7 shares during the last quarter. Finally, Jackson Grant Investment Advisers Inc. grew its position in Amazon.com by 18.4% during the fourth quarter. Jackson Grant Investment Advisers Inc. now owns 58 shares of the e-commerce giant’s stock valued at $87,000 after acquiring an additional 9 shares during the last quarter. 57.17% of the stock is currently owned by hedge funds and other institutional investors.

In related news, CEO Andrew R. Jassy sold 7,308 shares of the firm’s stock in a transaction on Wednesday, July 10th. The stock was sold at an average price of $2,000.00, for a total value of $14,616,000.00. Following the completion of the sale, the chief executive officer now owns 92,614 shares of the company’s stock, valued at $185,228,000. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, insider David Zapolsky sold 763 shares of the firm’s stock in a transaction on Wednesday, July 10th. The stock was sold at an average price of $2,000.00, for a total value of $1,526,000.00. Following the completion of the sale, the insider now directly owns 2,698 shares of the company’s stock, valued at approximately $5,396,000. The disclosure for this sale can be found here. Insiders sold 9,071 shares of company stock valued at $18,000,250 in the last ninety days. 16.10% of the stock is currently owned by insiders.

A number of brokerages have commented on AMZN. BidaskClub cut shares of Amazon.com from a “hold” rating to a “sell” rating in a research report on Wednesday. Aegis reiterated a “buy” rating and set a $2,250.00 price target (up from $2,225.00) on shares of Amazon.com in a research report on Friday, April 26th. Loop Capital set a $2,380.00 price target on shares of Amazon.com and gave the company a “buy” rating in a research report on Monday, July 15th. Oppenheimer set a $2,100.00 price target on shares of Amazon.com and gave the company a “buy” rating in a research report on Friday, July 26th. Finally, Cowen set a $2,500.00 price target on shares of Amazon.com and gave the company a “buy” rating in a research report on Monday, July 15th. One investment analyst has rated the stock with a sell rating, two have issued a hold rating and forty-two have issued a buy rating to the company’s stock. The company presently has a consensus rating of “Buy” and an average target price of $2,251.95.

Shares of Amazon.com stock opened at $1,791.98 on Wednesday. The company has a debt-to-equity ratio of 0.44, a current ratio of 1.10 and a quick ratio of 0.84. Amazon.com, Inc. has a 52-week low of $1,307.00 and a 52-week high of $2,050.50. The company has a market capitalization of $894.13 billion, a PE ratio of 88.98, a price-to-earnings-growth ratio of 2.29 and a beta of 1.55. The business has a 50 day moving average price of $1,915.48.

Amazon.com (NASDAQ:AMZN) last issued its earnings results on Thursday, July 25th. The e-commerce giant reported $5.22 earnings per share (EPS) for the quarter, missing the consensus estimate of $5.29 by ($0.07). Amazon.com had a return on equity of 26.27% and a net margin of 4.80%. The firm had revenue of $63.40 billion during the quarter, compared to the consensus estimate of $62.59 billion. During the same quarter in the prior year, the business posted $5.07 EPS. The firm’s revenue for the quarter was up 19.9% on a year-over-year basis. Analysts forecast that Amazon.com, Inc. will post 24.52 earnings per share for the current year.

Amazon.com Profile

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 third-party sellers through physical stores and online stores.

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

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