Amazon.com, Inc. (AMZN) Shares Bought by West Branch Capital LLC

West Branch Capital LLC lifted its holdings in Amazon.com, Inc. (NASDAQ:AMZN) by 28.2% in the 2nd quarter, according to its most recent 13F filing with the SEC. The firm owned 4,384 shares of the e-commerce giant’s stock after purchasing an additional 964 shares during the quarter. Amazon.com comprises 5.9% of West Branch Capital LLC’s holdings, making the stock its 3rd biggest position. West Branch Capital LLC’s holdings in Amazon.com were worth $7,452,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also modified their holdings of the stock. Summit Trail Advisors LLC lifted its stake in Amazon.com by 180,406.1% in the 1st quarter. Summit Trail Advisors LLC now owns 9,848,415 shares of the e-commerce giant’s stock valued at $9,848,000 after acquiring an additional 9,842,959 shares in the last quarter. Cornerstone Wealth Management LLC lifted its stake in Amazon.com by 198,956.6% in the 2nd quarter. Cornerstone Wealth Management LLC now owns 3,340,169 shares of the e-commerce giant’s stock valued at $1,949,000 after acquiring an additional 3,338,491 shares in the last quarter. Fisher Asset Management LLC lifted its stake in Amazon.com by 3.3% in the 1st quarter. Fisher Asset Management LLC now owns 1,853,073 shares of the e-commerce giant’s stock valued at $2,682,027,000 after acquiring an additional 59,516 shares in the last quarter. Massachusetts Financial Services Co. MA lifted its stake in Amazon.com by 4.8% in the 2nd quarter. Massachusetts Financial Services Co. MA now owns 1,519,232 shares of the e-commerce giant’s stock valued at $2,582,390,000 after acquiring an additional 69,312 shares in the last quarter. Finally, Schwab Charles Investment Management Inc. lifted its stake in Amazon.com by 4.2% in the 1st quarter. Schwab Charles Investment Management Inc. now owns 1,431,303 shares of the e-commerce giant’s stock valued at $2,071,583,000 after acquiring an additional 58,070 shares in the last quarter. Institutional investors and hedge funds own 56.59% of the company’s stock.

AMZN stock opened at $1,712.43 on Friday. The company has a current ratio of 1.08, a quick ratio of 0.80 and a debt-to-equity ratio of 0.63. The company has a market cap of $858.38 billion, a P/E ratio of 108.03, a price-to-earnings-growth ratio of 3.36 and a beta of 1.70. Amazon.com, Inc. has a 1-year low of $1,121.63 and a 1-year high of $2,050.50.

Amazon.com (NASDAQ:AMZN) last issued its quarterly earnings data on Thursday, October 25th. The e-commerce giant reported $5.75 EPS for the quarter, beating analysts’ consensus estimates of $3.29 by $2.46. Amazon.com had a return on equity of 24.35% and a net margin of 4.03%. The firm had revenue of $56.58 billion for the quarter, compared to analyst estimates of $57.05 billion. Equities analysts forecast that Amazon.com, Inc. will post 19.37 EPS for the current year.

In other Amazon.com news, CEO Andrew R. Jassy sold 1,726 shares of the company’s stock in a transaction on Wednesday, August 15th. The stock was sold at an average price of $1,900.00, for a total value of $3,279,400.00. Following the transaction, the chief executive officer now directly owns 88,801 shares of the company’s stock, valued at approximately $168,721,900. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Also, CEO Jeffrey A. Wilke sold 2,000 shares of the company’s stock in a transaction on Wednesday, September 5th. The shares were sold at an average price of $2,004.25, for a total value of $4,008,500.00. Following the completion of the transaction, the chief executive officer now directly owns 10,000 shares in the company, valued at $20,042,500. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 36,327 shares of company stock worth $64,744,896. Insiders own 16.30% of the company’s stock.

A number of brokerages have recently issued reports on AMZN. Nomura reiterated a “buy” rating on shares of Amazon.com in a research note on Friday, July 27th. Canaccord Genuity upped their price objective on Amazon.com from $2,000.00 to $2,100.00 and gave the stock a “buy” rating in a research note on Friday, July 27th. Morgan Stanley reiterated a “buy” rating on shares of Amazon.com in a research note on Friday. BidaskClub upgraded Amazon.com from a “sell” rating to a “hold” rating in a research note on Saturday. Finally, Macquarie reiterated a “buy” rating on shares of Amazon.com in a research note on Friday, July 27th. Four equities research analysts have rated the stock with a hold rating and forty-seven have issued a buy rating to the company. The company currently has a consensus rating of “Buy” and an average price target of $2,091.53.

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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 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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