Amazon.com, Inc. $AMZN Holdings Raised by Baltimore Washington Financial Advisors Inc.

Baltimore Washington Financial Advisors Inc. grew its stake in Amazon.com, Inc. (NASDAQ:AMZN) by 4.1% in the 2nd quarter, HoldingsChannel.com reports. The institutional investor owned 235,304 shares of the e-commerce giant’s stock after buying an additional 9,342 shares during the quarter. Amazon.com comprises 2.4% of Baltimore Washington Financial Advisors Inc.’s portfolio, making the stock its 8th largest holding. Baltimore Washington Financial Advisors Inc.’s holdings in Amazon.com were worth $51,623,000 as of its most recent filing with the SEC.

Other large investors have also recently made changes to their positions in the company. Carderock Capital Management Inc. acquired a new position in Amazon.com during the second quarter worth approximately $27,000. Maryland Capital Advisors Inc. grew its position in shares of Amazon.com by 81.9% during the second quarter. Maryland Capital Advisors Inc. now owns 211 shares of the e-commerce giant’s stock worth $46,000 after acquiring an additional 95 shares during the last quarter. Ryan Investment Management Inc. acquired a new position in shares of Amazon.com in the 2nd quarter valued at $48,000. MJT & Associates Financial Advisory Group Inc. purchased a new stake in Amazon.com in the 1st quarter valued at $59,000. Finally, Access Investment Management LLC acquired a new stake in Amazon.com during the 2nd quarter worth $74,000. 72.20% of the stock is currently owned by hedge funds and other institutional investors.

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 stock was sold at an average price of $216.90, for a total transaction of $3,853,879.20. Following the sale, the chief executive officer directly owned 6,273 shares in the company, valued at approximately $1,360,613.70. The trade was a 73.91% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, CEO Andrew R. Jassy sold 19,872 shares of the company’s stock in a transaction on Friday, November 21st. The shares were sold at an average price of $216.94, for a total value of $4,311,031.68. Following the completion of the sale, the chief executive officer directly owned 2,208,310 shares in the company, valued at $479,070,771.40. This trade represents a 0.89% decrease in their position. The disclosure for this sale is available in the SEC filing. Over the last three months, insiders have sold 82,234 shares of company stock worth $19,076,767. Corporate insiders own 9.70% of the company’s stock.

Amazon.com Stock Performance

NASDAQ:AMZN opened at $231.78 on Thursday. The firm’s fifty day simple moving average is $229.06 and its 200-day simple moving average is $224.52. The company has a quick ratio of 0.80, a current ratio of 1.01 and a debt-to-equity ratio of 0.14. The stock has a market cap of $2.48 trillion, a PE ratio of 32.74, a price-to-earnings-growth ratio of 1.57 and a beta of 1.37. Amazon.com, Inc. has a fifty-two week low of $161.38 and a fifty-two week high of $258.60.

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

Analyst Upgrades and Downgrades

A number of research analysts have commented on AMZN shares. China Renaissance lifted their price objective on shares of Amazon.com from $278.00 to $300.00 and gave the company a “buy” rating in a research note on Monday, November 3rd. Citizens Jmp reaffirmed a “market outperform” rating and set a $300.00 price objective on shares of Amazon.com in a research note on Wednesday, December 3rd. Benchmark increased their price objective on Amazon.com from $260.00 to $295.00 and gave the stock a “buy” rating in a research report on Friday, October 31st. Cantor Fitzgerald reissued an “overweight” rating on shares of Amazon.com in a report on Wednesday, December 3rd. Finally, Canaccord Genuity Group set a $300.00 price target on Amazon.com and gave the stock a “buy” rating in a research note on Friday, October 31st. One analyst has rated the stock with a Strong Buy rating, fifty-seven have assigned a Buy rating and three have issued a Hold rating to the company. According to data from MarketBeat.com, Amazon.com presently has a consensus rating of “Moderate Buy” and a consensus price target of $295.43.

Amazon.com Profile

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.