Front Barnett Associates LLC Boosts Stock Position in Amazon.com, Inc. (NASDAQ:AMZN)

Front Barnett Associates LLC lifted its position in Amazon.com, Inc. (NASDAQ:AMZN) by 2.7% during the third quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 10,496 shares of the e-commerce giant’s stock after buying an additional 271 shares during the period. Amazon.com makes up 3.0% of Front Barnett Associates LLC’s holdings, making the stock its 8th largest position. Front Barnett Associates LLC’s holdings in Amazon.com were worth $18,220,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Gulf International Bank UK Ltd grew its holdings 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 acquiring an additional 480 shares during the last quarter. Gladstone Institutional Advisory LLC grew 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 worth $3,299,000 after acquiring an additional 186 shares during the last quarter. Cornerstone Advisory LLC grew 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 worth $2,602,000 after acquiring an additional 458 shares during the last quarter. RB Capital Management LLC grew 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 worth $2,536,000 after acquiring an additional 105 shares during the last quarter. Finally, Family Management Corp grew 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 worth $5,312,000 after acquiring an additional 28 shares during the last quarter. 55.60% of the stock is currently owned by institutional investors.

In related news, SVP David Zapolsky sold 880 shares of the business’s stock in a transaction dated Thursday, August 15th. The stock was sold at an average price of $1,776.73, for a total transaction of $1,563,522.40. Following the transaction, the senior vice president now directly owns 3,749 shares in the company, valued at $6,660,960.77. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, CFO Brian T. Olsavsky sold 1,765 shares of the business’s stock in a transaction dated Thursday, August 15th. The shares were sold at an average price of $1,783.00, for a total value of $3,146,995.00. Following the transaction, the chief financial officer now owns 2,480 shares in the company, valued at $4,421,840. The disclosure for this sale can be found here. Insiders have sold 22,747 shares of company stock worth $40,737,808 over the last 90 days. Corporate insiders own 16.10% of the company’s stock.

AMZN traded down $2.32 during trading on Friday, reaching $1,785.88. 2,123,300 shares of the stock traded hands, compared to its average volume of 4,016,732. Amazon.com, Inc. has a fifty-two week low of $1,307.00 and a fifty-two week 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. The stock has a market cap 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. The stock’s 50-day simple moving average is $1,759.09 and its two-hundred day simple moving average is $1,840.01.

Amazon.com (NASDAQ:AMZN) last posted its quarterly earnings data on Thursday, October 24th. The e-commerce giant reported $4.23 earnings per share for the quarter, missing the consensus estimate 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 for the quarter, compared to analyst estimates of $68.72 billion. During the same period in the prior year, the firm posted $5.75 EPS. Amazon.com’s revenue for the quarter was up 23.7% on a year-over-year basis. Research analysts anticipate that Amazon.com, Inc. will post 20.52 earnings per share for the current fiscal year.

A number of brokerages have recently weighed in on AMZN. Wells Fargo & Co lifted their price target on Amazon.com from $2,200.00 to $2,300.00 and gave the company an “outperform” rating in a report on Friday, September 27th. Deutsche Bank set a $2,150.00 price target on Amazon.com and gave the company a “buy” rating in a report on Friday, October 25th. BidaskClub downgraded Amazon.com from a “sell” rating to a “strong sell” rating in a report on Thursday, September 19th. William Blair reiterated an “outperform” rating on shares of Amazon.com in a report on Friday, July 26th. Finally, SunTrust Banks lifted their price target on Amazon.com from $2,200.00 to $2,350.00 and gave the company a “buy” rating in a report on Friday, October 25th. One research analyst has rated the stock with a sell rating, two have given a hold rating and forty-two have issued a buy rating to the company’s stock. Amazon.com currently has a consensus rating of “Buy” and a consensus target price 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.

Read More: What is Green Investing?

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

Receive News & Ratings for Amazon.com Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Amazon.com and related companies with MarketBeat.com's FREE daily email newsletter.



Leave a Reply