Southeast Asset Advisors Inc. Raises Stock Position in Amazon.com, Inc. (NASDAQ:AMZN)

Southeast Asset Advisors Inc. grew its holdings in Amazon.com, Inc. (NASDAQ:AMZN) by 38.3% in the second quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor owned 365 shares of the e-commerce giant’s stock after buying an additional 101 shares during the period. Southeast Asset Advisors Inc.’s holdings in Amazon.com were worth $691,000 as of its most recent filing with the Securities & Exchange Commission.

Other large investors have also modified their holdings of the company. Benchmark Financial Wealth Advisors LLC bought a new stake in Amazon.com in the fourth quarter valued at approximately $1,867,000. First Manhattan Co. raised its stake in Amazon.com by 17.7% in the fourth quarter. First Manhattan Co. now owns 6,918 shares of the e-commerce giant’s stock valued at $10,390,000 after buying an additional 1,042 shares during the period. AI Financial Services LLC raised its stake in Amazon.com by 3.8% in the fourth quarter. AI Financial Services LLC now owns 275 shares of the e-commerce giant’s stock valued at $413,000 after buying an additional 10 shares during the period. Fiduciary Financial Services of The Southwest Inc. TX raised its stake in Amazon.com by 1.5% in the fourth quarter. Fiduciary Financial Services of The Southwest Inc. TX now owns 4,879 shares of the e-commerce giant’s stock valued at $7,328,000 after buying an additional 70 shares during the period. Finally, First Personal Financial Services raised its stake in Amazon.com by 52.8% in the fourth quarter. First Personal Financial Services now owns 593 shares of the e-commerce giant’s stock valued at $891,000 after buying an additional 205 shares during the period. 55.71% of the stock is owned by institutional investors and hedge funds.

AMZN has been the topic of several research analyst reports. Cowen set a $2,500.00 price objective on Amazon.com and gave the company a “buy” rating in a research note on Monday, July 15th. BidaskClub lowered Amazon.com from a “hold” rating to a “sell” rating in a research note on Wednesday, August 14th. Morgan Stanley restated an “overweight” rating and issued a $2,300.00 price objective (up previously from $2,100.00) on shares of Amazon.com in a research note on Monday, July 15th. Mizuho restated a “buy” rating and issued a $2,200.00 price objective (up previously from $2,080.00) on shares of Amazon.com in a research note on Friday, July 26th. Finally, MKM Partners restated a “buy” rating and issued a $2,350.00 price objective (up previously from $2,240.00) on shares of Amazon.com in a research note on Friday, August 2nd. 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 has an average rating of “Buy” and a consensus price target of $2,259.84.

In other Amazon.com news, CEO Andrew R. Jassy sold 7,308 shares of the firm’s stock in a transaction on Wednesday, July 10th. The stock was sold at an average price of $2,000.00, for a total value of $14,616,000.00. Following the sale, the chief executive officer now owns 92,614 shares of the company’s stock, valued at approximately $185,228,000. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. Also, insider David Zapolsky sold 763 shares of the firm’s stock in a transaction on Wednesday, July 10th. The shares were sold at an average price of $2,000.00, for a total value of $1,526,000.00. Following the completion of the sale, the insider now directly owns 2,698 shares in the company, valued at approximately $5,396,000. The disclosure for this sale can be found here. In the last ninety days, insiders sold 27,714 shares of company stock worth $51,174,807. Company insiders own 16.10% of the company’s stock.

NASDAQ:AMZN traded down $31.14 during trading hours on Monday, reaching $1,808.20. 361,496 shares of the company were exchanged, compared to its average volume of 2,748,083. The company has a market capitalization of $911.92 billion, a P/E ratio of 89.73, a P/E/G ratio of 2.38 and a beta of 1.57. Amazon.com, Inc. has a 1-year low of $1,307.00 and a 1-year high of $2,035.80. The company has a debt-to-equity ratio of 0.44, a current ratio of 1.10 and a quick ratio of 0.84. The business has a 50 day moving average of $1,817.32 and a 200 day moving average of $1,837.08.

Amazon.com (NASDAQ:AMZN) last issued its quarterly earnings results on Thursday, July 25th. The e-commerce giant reported $5.22 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $5.29 by ($0.07). The company had revenue of $63.40 billion for the quarter, compared to analyst estimates of $62.59 billion. Amazon.com had a return on equity of 26.27% and a net margin of 4.80%. The company’s quarterly revenue was up 19.9% compared to the same quarter last year. During the same period in the prior year, the company earned $5.07 EPS. As a group, equities research analysts anticipate that Amazon.com, Inc. will post 24.01 earnings per share for the current fiscal year.

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.

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

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