Roanoke Asset Management Corp NY Buys New Stake in Amazon.com, Inc. (NASDAQ:AMZN)

Roanoke Asset Management Corp NY bought a new stake in shares of Amazon.com, Inc. (NASDAQ:AMZN) during the 3rd quarter, according to the company in its most recent 13F filing with the SEC. The fund bought 607 shares of the e-commerce giant’s stock, valued at approximately $1,054,000.

Several other large investors have also bought and sold shares of AMZN. Gulf International Bank UK Ltd increased its position in shares of Amazon.com by 0.5% in the 2nd 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 boosted its holdings in shares of Amazon.com by 12.0% in the 2nd quarter. Gladstone Institutional Advisory LLC now owns 1,742 shares of the e-commerce giant’s stock valued at $3,299,000 after buying an additional 186 shares during the period. Cornerstone Advisory LLC boosted its holdings in shares of Amazon.com by 50.0% in the 2nd quarter. Cornerstone Advisory LLC now owns 1,374 shares of the e-commerce giant’s stock valued at $2,602,000 after buying an additional 458 shares during the period. RB Capital Management LLC boosted its holdings in shares of Amazon.com by 8.5% in the 2nd quarter. RB Capital Management LLC now owns 1,339 shares of the e-commerce giant’s stock valued at $2,536,000 after buying an additional 105 shares during the period. Finally, Family Management Corp boosted its holdings in shares of Amazon.com by 1.0% in the 2nd quarter. Family Management Corp now owns 2,805 shares of the e-commerce giant’s stock valued at $5,312,000 after buying an additional 28 shares during the period. Institutional investors and hedge funds own 55.60% of the company’s stock.

In other news, Director Judith A. Mcgrath sold 304 shares of the business’s stock in a transaction that occurred 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 sale, the director now owns 2,324 shares in the company, valued at $4,066,790.84. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director Indra K. Nooyi purchased 100 shares of the business’s stock in a transaction dated Friday, October 4th. The shares were purchased at an average price of $1,726.06 per share, for a total transaction of $172,606.00. Following the acquisition, the director now directly owns 250 shares of the company’s stock, valued at $431,515. The disclosure for this purchase can be found here. Insiders sold a total of 22,747 shares of company stock worth $40,737,808 over the last quarter. Insiders own 16.10% of the company’s stock.

Shares of NASDAQ AMZN traded down $7.44 during midday trading on Friday, reaching $1,780.76. The company’s stock had a trading volume of 134,155 shares, compared to its average volume of 3,108,799. The company has a current ratio of 1.10, a quick ratio of 0.84 and a debt-to-equity ratio of 0.40. The company has a 50 day moving average price of $1,759.99 and a 200 day moving average price of $1,840.43. 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 market cap of $893.28 billion, a price-to-earnings ratio of 88.48, a price-to-earnings-growth ratio of 3.20 and a beta of 1.56.

Amazon.com (NASDAQ:AMZN) last released 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). Amazon.com had a return on equity of 22.52% and a net margin of 4.27%. The business had revenue of $69.98 billion during the quarter, compared to the consensus estimate of $68.72 billion. During the same quarter in the previous year, the firm earned $5.75 earnings per share. The firm’s revenue for the quarter was up 23.7% compared to the same quarter last year. Research analysts anticipate that Amazon.com, Inc. will post 20.52 earnings per share for the current fiscal year.

Several research analysts have recently commented on the stock. SunTrust Banks lifted their price target on shares of Amazon.com from $2,200.00 to $2,350.00 and gave the company a “buy” rating in a report on Friday, October 25th. William Blair reaffirmed an “outperform” rating on shares of Amazon.com in a report on Friday, July 26th. Deutsche Bank set a $2,150.00 price target on shares of Amazon.com and gave the company a “buy” rating in a report on Friday, October 25th. Wolfe Research assumed coverage on shares of Amazon.com in a report on Tuesday, October 8th. They issued an “outperform” rating and a $2,234.00 price target for the company. Finally, Jefferies Financial Group set a $2,300.00 price target on shares of Amazon.com and gave the company a “buy” rating in a report on Tuesday, October 15th. One analyst has rated the stock with a sell rating, two have issued a hold rating and forty-two have given a buy rating to the stock. Amazon.com presently has a consensus rating of “Buy” and an average price target of $2,189.97.

Amazon.com Company 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.

Further Reading: Initial Coin Offerings entail a high degree of risk

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

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