Private Ocean LLC Increases Stock Position in Amazon.com, Inc. (NASDAQ:AMZN)

Private Ocean LLC increased its position in shares of Amazon.com, Inc. (NASDAQ:AMZN) by 18.1% during the third quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 1,046 shares of the e-commerce giant’s stock after buying an additional 160 shares during the period. Amazon.com accounts for 0.5% of Private Ocean LLC’s holdings, making the stock its 26th biggest position. Private Ocean LLC’s holdings in Amazon.com were worth $1,816,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also recently made changes to their positions in the stock. Gulf International Bank UK Ltd increased its position in Amazon.com by 0.5% during the second quarter. Gulf International Bank UK Ltd now owns 98,957 shares of the e-commerce giant’s stock worth $187,387,000 after purchasing an additional 480 shares during the last quarter. Gladstone Institutional Advisory LLC increased its position in Amazon.com by 12.0% during the second quarter. Gladstone Institutional Advisory LLC now owns 1,742 shares of the e-commerce giant’s stock worth $3,299,000 after purchasing an additional 186 shares during the last quarter. Cornerstone Advisory LLC increased its position in Amazon.com by 50.0% during the second quarter. Cornerstone Advisory LLC now owns 1,374 shares of the e-commerce giant’s stock worth $2,602,000 after purchasing an additional 458 shares during the last quarter. RB Capital Management LLC increased its position in Amazon.com by 8.5% during the second quarter. RB Capital Management LLC now owns 1,339 shares of the e-commerce giant’s stock worth $2,536,000 after purchasing an additional 105 shares during the last quarter. Finally, Family Management Corp increased its position in Amazon.com by 1.0% during the second quarter. Family Management Corp now owns 2,805 shares of the e-commerce giant’s stock worth $5,312,000 after purchasing an additional 28 shares during the last quarter. 55.60% of the stock is currently owned by hedge funds and other institutional investors.

Several equities research analysts recently issued reports on the stock. Oppenheimer cut their price objective on shares of Amazon.com from $2,100.00 to $2,040.00 and set an “outperform” rating for the company in a research report on Friday, October 25th. William Blair restated an “outperform” rating on shares of Amazon.com in a research report on Friday, July 26th. Mizuho raised their price objective on shares of Amazon.com from $2,150.00 to $2,200.00 and gave the stock a “buy” rating in a research report on Friday, October 25th. Susquehanna Bancshares set a $2,200.00 price objective on shares of Amazon.com and gave the stock a “buy” rating in a research report on Friday, October 25th. Finally, Bank of America reiterated a “buy” rating and set a $2,250.00 price target (down from $2,350.00) on shares of Amazon.com in a research report on Monday, October 21st. One research analyst has rated the stock with a sell rating, two have given a hold rating and forty-two have given a buy rating to the company’s stock. The company has a consensus rating of “Buy” and an average price target of $2,189.97.

In other Amazon.com news, Director Indra K. Nooyi bought 100 shares of the business’s stock in a transaction dated Friday, October 4th. The shares were acquired at an average cost of $1,726.06 per share, with a total value of $172,606.00. Following the acquisition, the director now directly owns 250 shares of the company’s stock, valued at approximately $431,515. The purchase was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, Director Judith A. Mcgrath sold 304 shares of Amazon.com stock in a transaction on Monday, October 28th. The shares were sold at an average price of $1,749.91, for a total transaction of $531,972.64. Following the completion of the transaction, the director now directly owns 2,324 shares in the company, valued at $4,066,790.84. The disclosure for this sale can be found here. Insiders sold a total of 22,747 shares of company stock worth $40,737,808 over the last ninety days. Corporate insiders own 16.10% of the company’s stock.

Shares of NASDAQ AMZN traded down $2.32 during midday trading on Friday, hitting $1,785.88. The company’s stock had a trading volume of 2,123,300 shares, compared to its average volume of 4,016,732. The business’s fifty day simple moving average is $1,759.09 and its two-hundred day simple moving average is $1,840.01. The firm has a market capitalization of $893.28 billion, a price-to-earnings ratio of 88.67, a price-to-earnings-growth ratio of 3.20 and a beta of 1.56. Amazon.com, Inc. has a 1 year low of $1,307.00 and a 1 year high of $2,035.80. The company has a debt-to-equity ratio of 0.40, a current ratio of 1.10 and a quick ratio of 0.84.

Amazon.com (NASDAQ:AMZN) last announced its earnings results on Thursday, October 24th. The e-commerce giant reported $4.23 EPS for the quarter, missing analysts’ consensus estimates of $4.46 by ($0.23). The business had revenue of $69.98 billion during the quarter, compared to analyst estimates of $68.72 billion. Amazon.com had a net margin of 4.27% and a return on equity of 22.52%. The business’s revenue was up 23.7% compared to the same quarter last year. During the same period in the previous year, the firm earned $5.75 earnings per share. Analysts anticipate that Amazon.com, Inc. will post 20.52 EPS for the current fiscal year.

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 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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