Amazon.com, Inc. (NASDAQ:AMZN) Shares Bought by Morse Asset Management Inc

Morse Asset Management Inc boosted its holdings in Amazon.com, Inc. (NASDAQ:AMZN) by 5.6% during the 2nd quarter, HoldingsChannel.com reports. The institutional investor owned 85,802 shares of the e-commerce giant’s stock after acquiring an additional 4,560 shares during the quarter. Amazon.com makes up approximately 4.0% of Morse Asset Management Inc’s holdings, making the stock its 3rd biggest holding. Morse Asset Management Inc’s holdings in Amazon.com were worth $16,581,000 as of its most recent SEC filing.

Other institutional investors have also recently bought and sold shares of the company. Davidson Kempner Capital Management LP grew its holdings in shares of Amazon.com by 4.7% during the 2nd quarter. Davidson Kempner Capital Management LP now owns 545,000 shares of the e-commerce giant’s stock valued at $105,370,000 after purchasing an additional 24,451 shares during the last quarter. Interval Partners LP increased its holdings in shares of Amazon.com by 59.2% during the second quarter. Interval Partners LP now owns 640,477 shares of the e-commerce giant’s stock worth $123,772,000 after buying an additional 238,074 shares in the last quarter. Marietta Investment Partners LLC lifted its stake in shares of Amazon.com by 32.3% in the 2nd quarter. Marietta Investment Partners LLC now owns 36,409 shares of the e-commerce giant’s stock valued at $7,036,000 after acquiring an additional 8,885 shares during the last quarter. Xponance Inc. boosted its holdings in shares of Amazon.com by 2.6% during the 2nd quarter. Xponance Inc. now owns 2,209,547 shares of the e-commerce giant’s stock valued at $426,995,000 after acquiring an additional 55,851 shares in the last quarter. Finally, Tairen Capital Ltd increased its holdings in Amazon.com by 1,177.9% in the 2nd quarter. Tairen Capital Ltd now owns 1,768,335 shares of the e-commerce giant’s stock worth $341,731,000 after purchasing an additional 1,629,959 shares in the last quarter. Institutional investors and hedge funds own 72.20% of the company’s stock.

Amazon.com Price Performance

AMZN stock opened at $184.71 on Thursday. The company has a debt-to-equity ratio of 0.23, a quick ratio of 0.88 and a current ratio of 1.10. The business has a 50-day simple moving average of $183.11 and a two-hundred day simple moving average of $183.54. The company has a market capitalization of $1.92 trillion, a P/E ratio of 51.74, a price-to-earnings-growth ratio of 1.38 and a beta of 1.14. Amazon.com, Inc. has a 52-week low of $118.35 and a 52-week high of $201.20.

Amazon.com (NASDAQ:AMZN) last posted its earnings results on Thursday, August 1st. The e-commerce giant reported $1.23 earnings per share for the quarter, beating analysts’ consensus estimates of $1.05 by $0.18. Amazon.com had a return on equity of 21.39% and a net margin of 7.35%. The company had revenue of $147.98 billion for the quarter, compared to analyst estimates of $148.63 billion. Research analysts expect that Amazon.com, Inc. will post 4.85 EPS for the current fiscal year.

Wall Street Analyst Weigh In

Several research firms have recently weighed in on AMZN. JMP Securities restated a “market outperform” rating and set a $265.00 price target on shares of Amazon.com in a report on Tuesday, October 15th. The Goldman Sachs Group dropped their price target on shares of Amazon.com from $250.00 to $230.00 and set a “buy” rating for the company in a research note on Friday, August 2nd. Royal Bank of Canada reissued an “outperform” rating and issued a $215.00 price objective on shares of Amazon.com in a research note on Friday, August 2nd. TD Securities raised their target price on Amazon.com from $225.00 to $245.00 in a research report on Wednesday, July 10th. Finally, Sanford C. Bernstein upped their price target on Amazon.com from $210.00 to $215.00 and gave the company an “outperform” rating in a research report on Monday, July 22nd. Two research analysts have rated the stock with a hold rating, forty-two have given a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat.com, Amazon.com has an average rating of “Moderate Buy” and a consensus price target of $236.78.

Insiders Place Their Bets

In other news, VP Shelley Reynolds sold 3,791 shares of the stock in a transaction dated Wednesday, August 21st. The shares were sold at an average price of $181.04, for a total value of $686,322.64. Following the completion of the sale, the vice president now owns 121,461 shares in the company, valued at $21,989,299.44. This represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. In other news, VP Shelley Reynolds sold 3,791 shares of the business’s stock in a transaction that occurred on Wednesday, August 21st. The stock was sold at an average price of $181.04, for a total value of $686,322.64. Following the transaction, the vice president now owns 121,461 shares in the company, valued at $21,989,299.44. The trade was a 0.00 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, SVP David Zapolsky sold 2,190 shares of the stock in a transaction that occurred on Tuesday, September 24th. The shares were sold at an average price of $195.00, for a total value of $427,050.00. Following the sale, the senior vice president now directly owns 62,420 shares of the company’s stock, valued at $12,171,900. The trade was a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 54,355 shares of company stock valued at $9,877,423 in the last three months. 10.80% of the stock is currently owned by insiders.

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.