Macroview Investment Management LLC Increases Stock Position in Amazon.com, Inc. (NASDAQ:AMZN)

Macroview Investment Management LLC boosted its stake in shares of Amazon.com, Inc. (NASDAQ:AMZN) by 166.7% in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 16 shares of the e-commerce giant’s stock after buying an additional 10 shares during the quarter. Macroview Investment Management LLC’s holdings in Amazon.com were worth $28,000 as of its most recent SEC filing.

Other hedge funds also recently made changes to their positions in the company. Gulf International Bank UK Ltd boosted its stake in shares of Amazon.com by 0.5% in the second quarter. Gulf International Bank UK Ltd now owns 98,957 shares of the e-commerce giant’s stock valued at $187,387,000 after purchasing an additional 480 shares during the period. Gladstone Institutional Advisory LLC boosted its stake in shares of Amazon.com by 12.0% in the second quarter. Gladstone Institutional Advisory LLC now owns 1,742 shares of the e-commerce giant’s stock valued at $3,299,000 after purchasing an additional 186 shares during the period. Cornerstone Advisory LLC boosted its stake in shares of Amazon.com by 50.0% in the second quarter. Cornerstone Advisory LLC now owns 1,374 shares of the e-commerce giant’s stock valued at $2,602,000 after purchasing an additional 458 shares during the period. RB Capital Management LLC boosted its stake in shares of Amazon.com by 8.5% in the second quarter. RB Capital Management LLC now owns 1,339 shares of the e-commerce giant’s stock valued at $2,536,000 after purchasing an additional 105 shares during the period. Finally, Family Management Corp boosted its stake in shares of Amazon.com by 1.0% in the second quarter. Family Management Corp now owns 2,805 shares of the e-commerce giant’s stock valued at $5,312,000 after purchasing an additional 28 shares during the period. 55.60% of the stock is owned by institutional investors.

Several research firms have recently commented on AMZN. Cowen set a $2,400.00 price objective on shares of Amazon.com and gave the company a “buy” rating in a research note on Friday, October 25th. Pivotal Research reaffirmed a “buy” rating and issued a $2,615.00 target price (down previously from $2,750.00) on shares of Amazon.com in a report on Friday, July 26th. Stifel Nicolaus set a $2,300.00 target price on shares of Amazon.com and gave the company a “buy” rating in a report on Sunday, October 20th. Macquarie set a $2,200.00 target price on shares of Amazon.com and gave the company a “buy” rating in a report on Friday, October 25th. Finally, MKM Partners reduced their target price on shares of Amazon.com from $2,350.00 to $2,250.00 and set a “buy” rating on the stock in a report on Friday, October 25th. One analyst has rated the stock with a sell rating, two have given a hold rating and forty-two have given a buy rating to the stock. The company currently has a consensus rating of “Buy” and an average price target of $2,189.97.

AMZN stock traded down $2.32 during midday trading on Friday, reaching $1,785.88. 2,123,300 shares of the company were exchanged, compared to its average volume of 4,016,732. The company has a market cap of $893.28 billion, a price-to-earnings ratio of 88.67, a price-to-earnings-growth ratio of 3.20 and a beta of 1.56. Amazon.com, Inc. has a 1-year low of $1,307.00 and a 1-year high of $2,035.80. The stock’s 50-day simple moving average is $1,759.09 and its 200 day simple moving average is $1,840.01. The company has a debt-to-equity ratio of 0.40, a quick ratio of 0.84 and a current ratio of 1.10.

Amazon.com (NASDAQ:AMZN) last issued its earnings results on Thursday, October 24th. The e-commerce giant reported $4.23 EPS for the quarter, missing the consensus estimate of $4.46 by ($0.23). The company had revenue of $69.98 billion for the quarter, compared to analysts’ expectations of $68.72 billion. Amazon.com had a return on equity of 22.52% and a net margin of 4.27%. Amazon.com’s revenue for the quarter was up 23.7% on a year-over-year basis. During the same quarter in the previous year, the firm posted $5.75 earnings per share. On average, research analysts anticipate that Amazon.com, Inc. will post 20.52 earnings per share for the current year.

In other Amazon.com news, CFO Brian T. Olsavsky sold 1,765 shares of the business’s stock in a transaction on Thursday, August 15th. The shares were sold at an average price of $1,783.00, for a total transaction of $3,146,995.00. Following the sale, the chief financial officer now directly owns 2,480 shares in the company, valued at approximately $4,421,840. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, CEO Jeffrey A. Wilke sold 3,475 shares of the business’s stock in a transaction on Thursday, August 15th. The stock was sold at an average price of $1,773.99, for a total transaction of $6,164,615.25. Following the sale, the chief executive officer now owns 10,000 shares in the company, valued at $17,739,900. The disclosure for this sale can be found here. Insiders have sold a total of 22,747 shares of company stock worth $40,737,808 over the last 90 days. Insiders own 16.10% of the company’s stock.

Amazon.com Profile

Amazon.com, Inc engages in the retail sale of consumer products and subscriptions in North America and internationally. The company operates through three segments: North America, International, and Amazon Web Services (AWS) segments. It sells merchandise and content purchased for resale from third-party sellers through physical stores and online stores.

Further Reading: How Important is Technical Analysis of Stocks

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Institutional Ownership by Quarter for Amazon.com (NASDAQ:AMZN)

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