Montag A & Associates Inc. Increases Stock Position in Amazon.com, Inc. (NASDAQ:AMZN)

Montag A & Associates Inc. boosted its stake in Amazon.com, Inc. (NASDAQ:AMZN) by 2.4% during the 3rd quarter, according to the company in its most recent disclosure with the SEC. The firm owned 10,075 shares of the e-commerce giant’s stock after acquiring an additional 240 shares during the period. Amazon.com accounts for about 1.5% of Montag A & Associates Inc.’s holdings, making the stock its 10th biggest position. Montag A & Associates Inc.’s holdings in Amazon.com were worth $17,489,000 as of its most recent filing with the SEC.

A number of other hedge funds also recently made changes to their positions in AMZN. Vanguard Group Inc. grew its stake in Amazon.com by 1.3% during the second quarter. Vanguard Group Inc. now owns 31,312,832 shares of the e-commerce giant’s stock valued at $59,294,918,000 after acquiring an additional 387,740 shares in the last quarter. BlackRock Inc. grew its stake in Amazon.com by 1.6% during the second quarter. BlackRock Inc. now owns 26,082,028 shares of the e-commerce giant’s stock valued at $49,389,711,000 after acquiring an additional 415,448 shares in the last quarter. Thoroughbred Financial Services LLC grew its stake in Amazon.com by 191,406.0% during the second quarter. Thoroughbred Financial Services LLC now owns 9,307,191 shares of the e-commerce giant’s stock valued at $930,719,000 after acquiring an additional 9,302,331 shares in the last quarter. Northern Trust Corp grew its stake in Amazon.com by 1.2% during the second quarter. Northern Trust Corp now owns 4,997,392 shares of the e-commerce giant’s stock valued at $9,463,210,000 after acquiring an additional 57,712 shares in the last quarter. Finally, Baillie Gifford & Co. grew its stake in Amazon.com by 0.9% during the second quarter. Baillie Gifford & Co. now owns 4,449,842 shares of the e-commerce giant’s stock valued at $8,426,354,000 after acquiring an additional 41,699 shares in the last quarter. 55.60% of the stock is currently owned by institutional investors and hedge funds.

Shares of Amazon.com stock traded down $2.32 during trading on Friday, reaching $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 company has a quick ratio of 0.84, a current ratio of 1.10 and a debt-to-equity ratio of 0.40. Amazon.com, Inc. has a 52-week low of $1,307.00 and a 52-week high of $2,035.80. The company has a market cap of $893.28 billion, a price-to-earnings ratio of 88.67, a PEG ratio of 3.20 and a beta of 1.56. The firm’s 50-day moving average is $1,759.09 and its two-hundred day moving average is $1,840.01.

Amazon.com (NASDAQ:AMZN) last issued its quarterly earnings data on Thursday, October 24th. The e-commerce giant reported $4.23 EPS for the quarter, missing the Thomson Reuters’ 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 company had revenue of $69.98 billion during the quarter, compared to the consensus estimate of $68.72 billion. During the same quarter last year, the company posted $5.75 earnings per share. The firm’s revenue for the quarter was up 23.7% compared to the same quarter last year. On average, equities research analysts anticipate that Amazon.com, Inc. will post 20.52 EPS for the current year.

Several equities analysts recently commented on AMZN shares. Raymond James reduced their price objective on shares of Amazon.com from $2,080.00 to $2,020.00 and set an “outperform” rating for the company in a research note on Friday, October 25th. MKM Partners reduced their price objective on shares of Amazon.com from $2,350.00 to $2,250.00 and set a “buy” rating for the company in a research note on Friday, October 25th. Benchmark reduced their price objective on shares of Amazon.com from $2,300.00 to $2,100.00 and set a “buy” rating for the company in a research note on Friday, October 25th. William Blair reaffirmed an “outperform” rating on shares of Amazon.com in a research note on Friday, July 26th. Finally, Stifel Nicolaus set a $2,300.00 price objective on shares of Amazon.com and gave the company a “buy” rating in a research note on Sunday, October 20th. One investment 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. The stock currently has a consensus rating of “Buy” and an average price target of $2,189.97.

In related news, CFO Brian T. Olsavsky sold 1,765 shares of the 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 completion of the transaction, the chief financial officer now directly owns 2,480 shares in the company, valued at approximately $4,421,840. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, SVP David Zapolsky sold 880 shares of the 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 completion of the transaction, the senior vice president now owns 3,749 shares of the company’s stock, valued at $6,660,960.77. The disclosure for this sale can be found here. Over the last quarter, insiders sold 22,747 shares of company stock valued at $40,737,808. 16.10% of the stock is owned by company insiders.

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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