9,659 Shares in Amazon.com, Inc. $AMZN Acquired by Integrated Quantitative Investments LLC

Integrated Quantitative Investments LLC acquired a new stake in shares of Amazon.com, Inc. (NASDAQ:AMZN) during the second quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund acquired 9,659 shares of the e-commerce giant’s stock, valued at approximately $2,119,000. Amazon.com makes up about 0.6% of Integrated Quantitative Investments LLC’s investment portfolio, making the stock its 18th largest position.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in AMZN. Carderock Capital Management Inc. purchased a new position in Amazon.com in the second quarter valued at about $27,000. Maryland Capital Advisors Inc. grew its stake in shares of Amazon.com by 81.9% in the 2nd quarter. Maryland Capital Advisors Inc. now owns 211 shares of the e-commerce giant’s stock valued at $46,000 after buying an additional 95 shares in the last quarter. Ryan Investment Management Inc. acquired a new position in Amazon.com in the second quarter worth approximately $48,000. MJT & Associates Financial Advisory Group Inc. bought a new position in Amazon.com during the first quarter valued at approximately $59,000. Finally, Access Investment Management LLC bought a new position in Amazon.com during the second quarter valued at approximately $74,000. Hedge funds and other institutional investors own 72.20% of the company’s stock.

Wall Street Analyst Weigh In

Several analysts have commented on AMZN shares. Arete Research boosted their target price on shares of Amazon.com from $248.00 to $253.00 and gave the stock a “buy” rating in a research report on Monday, October 27th. Deutsche Bank Aktiengesellschaft upped their price objective on shares of Amazon.com from $278.00 to $300.00 and gave the stock a “buy” rating in a report on Friday, October 31st. Rosenblatt Securities restated a “buy” rating and set a $305.00 target price on shares of Amazon.com in a report on Thursday. Susquehanna set a $300.00 price objective on Amazon.com and gave the company a “positive” rating in a report on Friday, October 31st. Finally, Daiwa Capital Markets boosted their target price on Amazon.com from $254.00 to $300.00 and gave the stock a “buy” rating in a report on Tuesday, November 11th. One analyst has rated the stock with a Strong Buy rating, fifty-seven have assigned a Buy rating and three have assigned a Hold rating to the company. According to MarketBeat, Amazon.com currently has an average rating of “Moderate Buy” and an average target price of $295.93.

Insider Buying and Selling at Amazon.com

In other Amazon.com news, CEO Matthew S. Garman sold 17,768 shares of the business’s stock in a transaction on Friday, November 21st. The shares were sold at an average price of $216.90, for a total value of $3,853,879.20. Following the sale, the chief executive officer owned 6,273 shares of the company’s stock, valued at $1,360,613.70. The trade was a 73.91% decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through this link. Also, Director Keith Brian Alexander sold 900 shares of the stock in a transaction on Monday, November 17th. The shares were sold at an average price of $233.00, for a total transaction of $209,700.00. Following the completion of the transaction, the director owned 7,170 shares of the company’s stock, valued at approximately $1,670,610. This represents a 11.15% decrease in their position. The SEC filing for this sale provides additional information. Insiders sold a total of 82,234 shares of company stock valued at $19,076,767 in the last quarter. 9.70% of the stock is currently owned by corporate insiders.

Amazon.com Stock Up 0.2%

Shares of AMZN opened at $229.53 on Friday. The company has a 50-day simple moving average of $228.58 and a 200-day simple moving average of $223.95. The firm has a market capitalization of $2.45 trillion, a P/E ratio of 32.42, a P/E/G ratio of 1.58 and a beta of 1.37. The company has a debt-to-equity ratio of 0.14, a quick ratio of 0.80 and a current ratio of 1.01. Amazon.com, Inc. has a 52 week low of $161.38 and a 52 week high of $258.60.

Amazon.com (NASDAQ:AMZN) last released its earnings results on Thursday, October 30th. The e-commerce giant reported $1.95 earnings per share for the quarter, topping analysts’ consensus estimates of $1.57 by $0.38. The business had revenue of $180.17 billion for the quarter, compared to the consensus estimate of $177.53 billion. Amazon.com had a return on equity of 23.62% and a net margin of 11.06%.The firm’s revenue for the quarter was up 13.4% compared to the same quarter last year. During the same period last year, the business earned $1.43 earnings per share. On average, equities research analysts expect that Amazon.com, Inc. will post 6.31 earnings per share for the current year.

About Amazon.com

Amazon.com, Inc engages in the retail sale of consumer products, advertising, and subscriptions service through online and physical stores in North America and internationally. The company operates through three segments: North America, International, and Amazon Web Services (AWS). It also manufactures and sells electronic devices, including Kindle, Fire tablets, Fire TVs, Echo, Ring, Blink, and eero; and develops and produces media content.