Amazon.com, Inc. $AMZN Stake Boosted by Castleark Management LLC

Castleark Management LLC lifted its stake in Amazon.com, Inc. (NASDAQ:AMZN) by 4.9% during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 598,607 shares of the e-commerce giant’s stock after acquiring an additional 28,076 shares during the quarter. Amazon.com makes up 3.9% of Castleark Management LLC’s portfolio, making the stock its 4th biggest holding. Castleark Management LLC’s holdings in Amazon.com were worth $131,328,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors have also recently bought and sold shares of the company. Kingstone Capital Partners Texas LLC grew its stake in shares of Amazon.com by 542,733.6% in the 2nd quarter. Kingstone Capital Partners Texas LLC now owns 132,641,388 shares of the e-commerce giant’s stock valued at $29,100,194,000 after buying an additional 132,616,953 shares in the last quarter. Norges Bank bought a new stake in Amazon.com in the second quarter worth approximately $27,438,011,000. Nuveen LLC acquired a new position in shares of Amazon.com during the 1st quarter worth $11,674,091,000. Vanguard Group Inc. raised its holdings in shares of Amazon.com by 2.1% during the 2nd quarter. Vanguard Group Inc. now owns 849,721,601 shares of the e-commerce giant’s stock valued at $186,420,422,000 after purchasing an additional 17,447,045 shares in the last quarter. Finally, Laurel Wealth Advisors LLC lifted its stake in shares of Amazon.com by 22,085.8% in the 2nd quarter. Laurel Wealth Advisors LLC now owns 12,177,557 shares of the e-commerce giant’s stock valued at $2,671,634,000 after purchasing an additional 12,122,668 shares during the last quarter. Institutional investors and hedge funds own 72.20% of the company’s stock.

Insiders Place Their Bets

In related news, Director Daniel P. Huttenlocher sold 1,237 shares of Amazon.com stock in a transaction dated Thursday, November 20th. The stock was sold at an average price of $226.61, for a total transaction of $280,316.57. Following 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 ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director Keith Brian Alexander sold 900 shares of the company’s stock in a transaction that occurred on Monday, November 17th. The shares were sold at an average price of $233.00, for a total value of $209,700.00. Following the completion of the transaction, the director directly owned 7,170 shares of the company’s stock, valued at approximately $1,670,610. This trade represents a 11.15% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders have sold 82,234 shares of company stock valued at $19,076,767 in the last quarter. 9.70% of the stock is currently owned by insiders.

Amazon.com Stock Down 1.8%

AMZN opened at $226.19 on Friday. Amazon.com, Inc. has a 1-year low of $161.38 and a 1-year high of $258.60. The business has a 50 day moving average of $229.35 and a 200-day moving average of $224.87. The stock has a market capitalization of $2.42 trillion, a price-to-earnings ratio of 31.95, a P/E/G ratio of 1.56 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 released its earnings results 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. The firm had revenue of $180.17 billion during 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 business’s quarterly revenue was up 13.4% compared to the same quarter last year. During the same period in the prior year, the company earned $1.43 EPS. As a group, sell-side analysts anticipate that Amazon.com, Inc. will post 6.31 earnings per share for the current year.

Analyst Ratings Changes

AMZN has been the topic of several analyst reports. Wolfe Research increased their target price on shares of Amazon.com from $265.00 to $270.00 in a research report on Tuesday, September 30th. Oppenheimer reissued an “outperform” rating and set a $305.00 price objective (up previously from $290.00) on shares of Amazon.com in a report on Monday, December 1st. Arete Research raised their price objective on Amazon.com from $248.00 to $253.00 and gave the company a “buy” rating in a research note on Monday, October 27th. Deutsche Bank Aktiengesellschaft upped their target price on Amazon.com from $278.00 to $300.00 and gave the stock a “buy” rating in a research report on Friday, October 31st. Finally, New Street Research lifted their price target on shares of Amazon.com from $270.00 to $340.00 and gave the company a “buy” rating in a research report on Tuesday, November 4th. 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 MarketBeat.com, Amazon.com currently has an average rating of “Moderate Buy” and an average target price of $295.43.

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.