Choreo LLC Has $82.71 Million Holdings in Amazon.com, Inc. $AMZN

Choreo LLC increased its position in shares of Amazon.com, Inc. (NASDAQ:AMZN) by 7.8% in the second quarter, Holdings Channel.com reports. The institutional investor owned 376,895 shares of the e-commerce giant’s stock after buying an additional 27,358 shares during the period. Amazon.com makes up 1.1% of Choreo LLC’s holdings, making the stock its 17th biggest holding. Choreo LLC’s holdings in Amazon.com were worth $82,706,000 at the end of the most recent quarter.

A number of other institutional investors have also bought and sold shares of the company. Barlow Wealth Partners Inc. grew its stake in Amazon.com by 0.4% during the second quarter. Barlow Wealth Partners Inc. now owns 12,565 shares of the e-commerce giant’s stock worth $2,763,000 after purchasing an additional 44 shares during the period. Ridgecrest Wealth Partners LLC boosted its holdings in shares of Amazon.com by 0.5% during the 2nd quarter. Ridgecrest Wealth Partners LLC now owns 8,399 shares of the e-commerce giant’s stock worth $1,843,000 after buying an additional 45 shares in the last quarter. Probity Advisors Inc. grew its position in shares of Amazon.com by 0.4% during the 2nd quarter. Probity Advisors Inc. now owns 12,157 shares of the e-commerce giant’s stock worth $2,667,000 after buying an additional 45 shares during the period. Union Savings Bank increased its stake in shares of Amazon.com by 0.4% in the 2nd quarter. Union Savings Bank now owns 10,723 shares of the e-commerce giant’s stock valued at $2,510,000 after acquiring an additional 45 shares in the last quarter. Finally, Bare Financial Services Inc lifted its position in shares of Amazon.com by 5.4% during the 1st quarter. Bare Financial Services Inc now owns 930 shares of the e-commerce giant’s stock valued at $177,000 after acquiring an additional 48 shares during the period. Institutional investors own 72.20% of the company’s stock.

Analysts Set New Price Targets

Several equities research analysts have weighed in on AMZN shares. BMO Capital Markets reaffirmed an “outperform” rating on shares of Amazon.com in a research note on Friday, December 5th. Truist Financial set a $290.00 target price on Amazon.com in a research report on Friday, October 31st. Susquehanna set a $300.00 price target on Amazon.com and gave the stock a “positive” rating in a research note on Friday, October 31st. Bank of America raised their price objective on Amazon.com from $272.00 to $303.00 and gave the company a “buy” rating in a research note on Wednesday, December 3rd. Finally, Cowen reaffirmed a “buy” rating on shares of Amazon.com in a research report on Tuesday, November 25th. One equities research analyst has rated the stock with a Strong Buy rating, fifty-seven have given a Buy rating and three have assigned a Hold rating to the stock. Based on data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average target price of $295.43.

Insider Activity at Amazon.com

In other Amazon.com news, Director Jonathan Rubinstein sold 8,173 shares of Amazon.com stock in a transaction that occurred on Friday, October 31st. The shares were sold at an average price of $250.03, for a total transaction of $2,043,495.19. Following the transaction, the director owned 80,030 shares of the company’s stock, valued at $20,009,900.90. This trade represents a 9.27% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, CEO Andrew R. Jassy sold 19,872 shares of the business’s stock in a transaction that occurred on Friday, November 21st. The stock was sold at an average price of $216.94, for a total value of $4,311,031.68. Following the completion of the transaction, the chief executive officer owned 2,208,310 shares in the company, valued at $479,070,771.40. The trade was a 0.89% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold 82,234 shares of company stock valued at $19,076,767 over the last three months. Insiders own 9.70% of the company’s stock.

Amazon.com Trading Up 1.7%

Shares of Amazon.com stock opened at $231.78 on Thursday. The stock has a fifty day simple moving average of $229.06 and a 200 day simple moving average of $224.52. Amazon.com, Inc. has a 12-month low of $161.38 and a 12-month high of $258.60. The company has a market capitalization of $2.48 trillion, a P/E ratio of 32.74, a price-to-earnings-growth ratio of 1.57 and a beta of 1.37. The company has a current ratio of 1.01, a quick ratio of 0.80 and a debt-to-equity ratio of 0.14.

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

Amazon.com Company 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.