Amazon.com, Inc. $AMZN Shares Acquired by Goodman Advisory Group LLC

Goodman Advisory Group LLC boosted its holdings in Amazon.com, Inc. (NASDAQ:AMZN) by 1,814.9% in the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 32,878 shares of the e-commerce giant’s stock after purchasing an additional 31,161 shares during the quarter. Amazon.com comprises 2.5% of Goodman Advisory Group LLC’s investment portfolio, making the stock its 11th largest holding. Goodman Advisory Group LLC’s holdings in Amazon.com were worth $7,213,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors also recently bought and sold shares of the company. Carderock Capital Management Inc. acquired a new position in Amazon.com in the 2nd 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 purchasing an additional 95 shares during the last quarter. Ryan Investment Management Inc. acquired a new position in shares of Amazon.com in the second quarter valued at approximately $48,000. Cooksen Wealth LLC increased its holdings in shares of Amazon.com by 23.5% in the second quarter. Cooksen Wealth LLC now owns 247 shares of the e-commerce giant’s stock valued at $54,000 after purchasing an additional 47 shares during the period. Finally, MJT & Associates Financial Advisory Group Inc. purchased a new stake in shares of Amazon.com during the first quarter worth approximately $59,000. 72.20% of the stock is owned by hedge funds and other institutional investors.

Amazon.com Stock Down 1.8%

Shares of NASDAQ:AMZN opened at $226.19 on Friday. The stock’s fifty day simple moving average is $229.35 and its 200-day simple moving average is $224.87. Amazon.com, Inc. has a 52-week low of $161.38 and a 52-week high of $258.60. The company has a market capitalization of $2.42 trillion, a P/E ratio of 31.95, a P/E/G ratio of 1.56 and a beta of 1.37. The company has a quick ratio of 0.80, a current ratio of 1.01 and a debt-to-equity ratio of 0.14.

Amazon.com (NASDAQ:AMZN) last released its quarterly earnings results on Thursday, October 30th. The e-commerce giant reported $1.95 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.57 by $0.38. The company had revenue of $180.17 billion for the quarter, compared to analysts’ expectations of $177.53 billion. Amazon.com had a net margin of 11.06% and a return on equity of 23.62%. 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 company earned $1.43 EPS. As a group, equities research analysts forecast that Amazon.com, Inc. will post 6.31 earnings per share for the current fiscal year.

Insider Activity

In other news, Director Keith Brian Alexander sold 900 shares of Amazon.com stock in a transaction on Monday, November 17th. The stock was sold at an average price of $233.00, for a total value of $209,700.00. Following the completion of the sale, the director owned 7,170 shares of the company’s stock, valued at $1,670,610. The trade was a 11.15% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, CEO Douglas J. Herrington sold 2,500 shares of the company’s stock in a transaction on Monday, December 1st. The shares were sold at an average price of $233.22, for a total value of $583,050.00. Following the completion of the transaction, the chief executive officer owned 505,934 shares of the company’s stock, valued at $117,993,927.48. The trade was a 0.49% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders have sold 82,234 shares of company stock valued at $19,076,767 in the last 90 days. Insiders own 9.70% of the company’s stock.

Wall Street Analyst Weigh In

AMZN has been the topic of a number of analyst reports. DA Davidson lifted their price objective on shares of Amazon.com from $265.00 to $300.00 and gave the company a “buy” rating in a research report on Friday, October 31st. Pivotal Research raised their target price on shares of Amazon.com from $285.00 to $300.00 and gave the stock a “buy” rating in a research note on Friday, October 31st. Morgan Stanley reiterated an “overweight” rating and set a $315.00 price target (up from $300.00) on shares of Amazon.com in a research note on Friday, October 31st. William Blair reissued an “outperform” rating on shares of Amazon.com in a report on Monday, November 3rd. Finally, The Goldman Sachs Group raised their price objective on shares of Amazon.com from $240.00 to $275.00 and gave the company a “buy” rating in a research report on Friday, October 3rd. Two research analysts have rated the stock with a Strong Buy rating, fifty-six have assigned a Buy rating and three have issued a Hold rating to the company. According to data from MarketBeat.com, the company presently has an average 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.