Cary Street Partners Financial LLC Purchases 10,913 Shares of Amazon.com, Inc. $AMZN

Cary Street Partners Financial LLC increased its position in Amazon.com, Inc. (NASDAQ:AMZN) by 5.4% in the second quarter, HoldingsChannel.com reports. The institutional investor owned 213,972 shares of the e-commerce giant’s stock after acquiring an additional 10,913 shares during the period. Amazon.com comprises about 1.3% of Cary Street Partners Financial LLC’s holdings, making the stock its 9th biggest position. Cary Street Partners Financial LLC’s holdings in Amazon.com were worth $46,943,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also modified their holdings of the company. Carderock Capital Management Inc. purchased a new stake in shares of Amazon.com in the second quarter valued at $27,000. Maryland Capital Advisors Inc. boosted its stake in Amazon.com by 81.9% in the 2nd quarter. Maryland Capital Advisors Inc. now owns 211 shares of the e-commerce giant’s stock worth $46,000 after buying an additional 95 shares during the last quarter. Ryan Investment Management Inc. acquired a new stake in Amazon.com in the 2nd quarter worth about $48,000. MJT & Associates Financial Advisory Group Inc. purchased a new stake in Amazon.com in the 1st quarter valued at about $59,000. Finally, Access Investment Management LLC acquired a new position in shares of Amazon.com during the 2nd quarter valued at about $74,000. Hedge funds and other institutional investors own 72.20% of the company’s stock.

Insider Buying and Selling at Amazon.com

In related news, CEO Matthew S. Garman sold 17,768 shares of the business’s stock in a transaction that occurred on Friday, November 21st. The stock was sold at an average price of $216.90, for a total transaction of $3,853,879.20. Following the transaction, the chief executive officer directly owned 6,273 shares of the company’s stock, valued at approximately $1,360,613.70. The trade was a 73.91% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Also, Director Daniel P. Huttenlocher sold 1,237 shares of the stock in a transaction that occurred on Thursday, November 20th. The shares were sold at an average price of $226.61, for a total transaction of $280,316.57. Following the completion of the sale, the director directly owned 26,148 shares of the company’s stock, valued at $5,925,398.28. This trade represents a 4.52% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. In the last quarter, insiders sold 82,234 shares of company stock worth $19,076,767. Insiders own 9.70% of the company’s stock.

Analyst Ratings Changes

Several research firms recently issued reports on AMZN. President Capital raised their target price on shares of Amazon.com from $280.00 to $320.00 and gave the stock a “buy” rating in a research report on Tuesday, November 4th. Morgan Stanley reaffirmed an “overweight” rating and set a $315.00 price target (up previously from $300.00) on shares of Amazon.com in a research note on Friday, October 31st. JMP Securities set a $300.00 price objective on shares of Amazon.com in a research note on Friday, October 31st. William Blair restated an “outperform” rating on shares of Amazon.com in a report on Monday, November 3rd. Finally, Wedbush reaffirmed an “outperform” rating and issued a $340.00 target price on shares of Amazon.com in a research report on Wednesday, December 3rd. Two equities research analysts have rated the stock with a Strong Buy rating, fifty-six have issued a Buy rating and three have assigned a Hold rating to the stock. According to data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $295.43.

Amazon.com Stock Down 0.6%

Shares of Amazon.com stock opened at $230.28 on Friday. Amazon.com, Inc. has a twelve month low of $161.38 and a twelve month high of $258.60. The stock has a market cap of $2.46 trillion, a price-to-earnings ratio of 32.53, a price-to-earnings-growth ratio of 1.59 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. The company has a fifty day moving average price of $229.22 and a 200 day moving average price of $224.56.

Amazon.com (NASDAQ:AMZN) last issued its quarterly earnings data on Thursday, October 30th. The e-commerce giant reported $1.95 EPS for the quarter, topping analysts’ consensus estimates of $1.57 by $0.38. Amazon.com had a return on equity of 23.62% and a net margin of 11.06%.The company had revenue of $180.17 billion for the quarter, compared to analysts’ expectations of $177.53 billion. During the same quarter in the previous year, the firm posted $1.43 earnings per share. The firm’s quarterly revenue was up 13.4% on a year-over-year basis. Equities research analysts forecast that Amazon.com, Inc. will post 6.31 earnings per share for the current fiscal year.

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.