Amazon.com, Inc. (NASDAQ:AMZN) Shares Acquired by Solitude Financial Services

Solitude Financial Services lifted its holdings in shares of Amazon.com, Inc. (NASDAQ:AMZN) by 56.8% during the 2nd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 2,762 shares of the e-commerce giant’s stock after purchasing an additional 1,000 shares during the quarter. Amazon.com comprises about 0.2% of Solitude Financial Services’ investment portfolio, making the stock its 27th biggest position. Solitude Financial Services’ holdings in Amazon.com were worth $534,000 as of its most recent SEC filing.

Several other hedge funds have also made changes to their positions in AMZN. Norges Bank acquired a new position in Amazon.com in the fourth quarter valued at $17,700,551,000. Vanguard Group Inc. boosted its holdings in Amazon.com by 1.9% in the first quarter. Vanguard Group Inc. now owns 785,811,114 shares of the e-commerce giant’s stock valued at $141,744,609,000 after acquiring an additional 14,724,687 shares during the last quarter. Swedbank AB acquired a new position in Amazon.com in the first quarter valued at $2,239,757,000. Capital World Investors boosted its holdings in Amazon.com by 64.6% in the first quarter. Capital World Investors now owns 29,359,677 shares of the e-commerce giant’s stock valued at $5,295,899,000 after acquiring an additional 11,524,463 shares during the last quarter. Finally, Capital Research Global Investors boosted its holdings in Amazon.com by 8.5% in the first quarter. Capital Research Global Investors now owns 86,982,857 shares of the e-commerce giant’s stock valued at $15,689,968,000 after acquiring an additional 6,810,145 shares during the last quarter. Institutional investors and hedge funds own 72.20% of the company’s stock.

Analysts Set New Price Targets

A number of research analysts recently weighed in on the company. The Goldman Sachs Group reduced their target price on Amazon.com from $250.00 to $230.00 and set a “buy” rating on the stock in a report on Friday, August 2nd. Wedbush restated an “outperform” rating and set a $225.00 price objective on shares of Amazon.com in a research note on Friday, August 2nd. Cantor Fitzgerald started coverage on Amazon.com in a research note on Thursday. They set an “overweight” rating and a $230.00 price objective on the stock. Rosenblatt Securities boosted their price objective on Amazon.com from $220.00 to $221.00 and gave the stock a “buy” rating in a research note on Friday, August 2nd. Finally, JMP Securities boosted their price objective on Amazon.com from $245.00 to $265.00 and gave the stock a “market outperform” rating in a research note on Tuesday. One analyst has rated the stock with a hold rating, forty-one have assigned a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat, the company has an average rating of “Buy” and an average price target of $222.49.

Amazon.com Stock Up 2.6 %

NASDAQ:AMZN opened at $177.89 on Friday. The firm has a market capitalization of $1.85 trillion, a PE ratio of 49.83, a price-to-earnings-growth ratio of 1.34 and a beta of 1.15. The stock has a 50 day moving average of $181.54 and a 200-day moving average of $181.18. Amazon.com, Inc. has a 52 week low of $118.35 and a 52 week high of $201.20. The company has a current ratio of 1.10, a quick ratio of 0.88 and a debt-to-equity ratio of 0.23.

Amazon.com (NASDAQ:AMZN) last posted its earnings results on Thursday, August 1st. The e-commerce giant reported $1.23 EPS for the quarter, beating the consensus estimate of $1.05 by $0.18. The company had revenue of $147.98 billion during the quarter, compared to analyst estimates of $148.63 billion. Amazon.com had a return on equity of 21.39% and a net margin of 7.35%. Analysts predict that Amazon.com, Inc. will post 4.86 EPS for the current year.

Insider Transactions at Amazon.com

In other news, CEO Douglas J. Herrington sold 3,500 shares of the business’s stock in a transaction that occurred on Monday, July 1st. The stock was sold at an average price of $195.99, for a total transaction of $685,965.00. Following the completion of the transaction, the chief executive officer now directly owns 519,753 shares in the company, valued at $101,866,390.47. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. In other news, CEO Douglas J. Herrington sold 3,500 shares of the business’s stock in a transaction that occurred on Monday, July 1st. The stock was sold at an average price of $195.99, for a total transaction of $685,965.00. Following the completion of the transaction, the chief executive officer now directly owns 519,753 shares in the company, valued at $101,866,390.47. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Also, CEO Andrew R. Jassy sold 20,784 shares of the business’s stock in a transaction that occurred on Wednesday, August 21st. The stock was sold at an average price of $180.77, for a total value of $3,757,123.68. Following the transaction, the chief executive officer now owns 2,056,534 shares of the company’s stock, valued at $371,759,651.18. The disclosure for this sale can be found here. Over the last three months, insiders sold 6,104,317 shares of company stock worth $1,220,621,322. Company insiders own 10.80% of the company’s stock.

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.