MML Investors Services LLC Boosts Position in Amazon.com, Inc. (NASDAQ:AMZN)

MML Investors Services LLC increased its holdings in Amazon.com, Inc. (NASDAQ:AMZN) by 3.9% in the second quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 36,317 shares of the e-commerce giant’s stock after acquiring an additional 1,357 shares during the quarter. Amazon.com comprises approximately 1.0% of MML Investors Services LLC’s portfolio, making the stock its 12th biggest position. MML Investors Services LLC’s holdings in Amazon.com were worth $68,772,000 as of its most recent SEC filing.

Other large investors also recently added to or reduced their stakes in the company. RBF Capital LLC bought a new stake in shares of Amazon.com in the 2nd quarter worth approximately $3,787,000. CapWealth Advisors LLC raised its position in shares of Amazon.com by 1.1% in the 2nd quarter. CapWealth Advisors LLC now owns 5,020 shares of the e-commerce giant’s stock worth $9,506,000 after purchasing an additional 53 shares during the last quarter. Haverford Trust Co. boosted its stake in Amazon.com by 1.2% in the 2nd quarter. Haverford Trust Co. now owns 1,694 shares of the e-commerce giant’s stock worth $3,208,000 after purchasing an additional 20 shares in the last quarter. Mirova boosted its stake in Amazon.com by 7,588.8% in the 2nd quarter. Mirova now owns 21,913 shares of the e-commerce giant’s stock worth $41,495,000 after purchasing an additional 21,628 shares in the last quarter. Finally, Pinnacle Financial Partners Inc. grew its position in Amazon.com by 0.3% during the 2nd quarter. Pinnacle Financial Partners Inc. now owns 11,282 shares of the e-commerce giant’s stock valued at $21,364,000 after purchasing an additional 36 shares during the last quarter. Institutional investors and hedge funds own 55.92% of the company’s stock.

In other news, CEO Andrew R. Jassy sold 7,308 shares of the firm’s stock in a transaction on Wednesday, July 10th. The shares were sold at an average price of $2,000.00, for a total transaction of $14,616,000.00. Following the sale, the chief executive officer now directly owns 92,614 shares in the company, valued at approximately $185,228,000. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, VP Shelley Reynolds sold 379 shares of Amazon.com stock in a transaction on Thursday, August 15th. The shares were sold at an average price of $1,775.43, for a total transaction of $672,887.97. Following the transaction, the vice president now owns 6,307 shares in the company, valued at approximately $11,197,637.01. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 27,714 shares of company stock valued at $51,174,807. 16.10% of the stock is currently owned by corporate insiders.

NASDAQ:AMZN traded up $3.29 during mid-day trading on Wednesday, hitting $1,823.84. 152,427 shares of the company traded hands, compared to its average volume of 2,993,507. The stock’s fifty day moving average price is $1,823.48 and its 200-day moving average price is $1,835.08. Amazon.com, Inc. has a one year low of $1,307.00 and a one year high of $2,035.80. The company has a quick ratio of 0.84, a current ratio of 1.10 and a debt-to-equity ratio of 0.44. The firm has a market cap of $905.89 billion, a price-to-earnings ratio of 90.46, a price-to-earnings-growth ratio of 2.37 and a beta of 1.57.

Amazon.com (NASDAQ:AMZN) last issued its quarterly earnings results on Thursday, July 25th. The e-commerce giant reported $5.22 EPS for the quarter, missing analysts’ consensus estimates of $5.29 by ($0.07). Amazon.com had a return on equity of 26.27% and a net margin of 4.80%. The company had revenue of $63.40 billion during the quarter, compared to analysts’ expectations of $62.59 billion. During the same quarter in the previous year, the company earned $5.07 EPS. The business’s quarterly revenue was up 19.9% compared to the same quarter last year. Equities analysts predict that Amazon.com, Inc. will post 24.01 EPS for the current year.

AMZN has been the subject of a number of analyst reports. ValuEngine raised shares of Amazon.com from a “hold” rating to a “buy” rating in a report on Tuesday, July 2nd. Monness Crespi & Hardt set a $2,300.00 price target on shares of Amazon.com and gave the company a “buy” rating in a report on Friday, July 19th. Goldman Sachs Group reissued a “buy” rating on shares of Amazon.com in a research report on Friday, July 26th. Credit Suisse Group restated an “outperform” rating and issued a $2,250.00 price objective (up from $2,200.00) on shares of Amazon.com in a report on Wednesday, July 24th. Finally, Stifel Nicolaus reaffirmed a “buy” rating and issued a $2,300.00 price objective on shares of Amazon.com in a research report on Friday, July 26th. One equities research analyst has rated the stock with a sell rating, two have given a hold rating and forty-two have assigned a buy rating to the company’s stock. The stock has a consensus rating of “Buy” and a consensus target price of $2,259.84.

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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