Amazon.com, Inc. (NASDAQ:AMZN) Shares Bought by Intersect Capital LLC

Intersect Capital LLC grew its position in shares of Amazon.com, Inc. (NASDAQ:AMZN) by 7.7% during the third quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 1,383 shares of the e-commerce giant’s stock after purchasing an additional 99 shares during the period. Amazon.com makes up about 0.9% of Intersect Capital LLC’s holdings, making the stock its 27th largest holding. Intersect Capital LLC’s holdings in Amazon.com were worth $2,401,000 at the end of the most recent reporting period.

A number of other large investors have also recently added to or reduced their stakes in AMZN. Gulf International Bank UK Ltd increased its position in shares of Amazon.com by 0.5% during the second quarter. Gulf International Bank UK Ltd now owns 98,957 shares of the e-commerce giant’s stock worth $187,387,000 after acquiring an additional 480 shares during the period. Gladstone Institutional Advisory LLC increased its position in shares of Amazon.com by 12.0% during the second quarter. Gladstone Institutional Advisory LLC now owns 1,742 shares of the e-commerce giant’s stock worth $3,299,000 after acquiring an additional 186 shares during the period. Cornerstone Advisory LLC increased its position in shares of Amazon.com by 50.0% during the second quarter. Cornerstone Advisory LLC now owns 1,374 shares of the e-commerce giant’s stock worth $2,602,000 after acquiring an additional 458 shares during the period. RB Capital Management LLC increased its position in shares of Amazon.com by 8.5% during the second quarter. RB Capital Management LLC now owns 1,339 shares of the e-commerce giant’s stock worth $2,536,000 after acquiring an additional 105 shares during the period. Finally, Family Management Corp increased its position in shares of Amazon.com by 1.0% during the second quarter. Family Management Corp now owns 2,805 shares of the e-commerce giant’s stock worth $5,312,000 after acquiring an additional 28 shares during the period. Institutional investors own 55.62% of the company’s stock.

Amazon.com stock traded down $16.80 during mid-day trading on Wednesday, reaching $1,761.20. The company had a trading volume of 172,732 shares, compared to its average volume of 3,998,252. 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 0.40, a current ratio of 1.10 and a quick ratio of 0.84. The company has a market capitalization of $885.43 billion, a P/E ratio of 87.45, a P/E/G ratio of 3.17 and a beta of 1.56. The stock’s 50-day simple moving average is $1,758.47 and its 200-day simple moving average is $1,838.37.

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

In other Amazon.com news, Director Judith A. Mcgrath sold 304 shares of the stock in a transaction dated Monday, October 28th. The shares were sold at an average price of $1,749.91, for a total value of $531,972.64. Following the completion of the transaction, the director now directly owns 2,324 shares of the company’s stock, valued at $4,066,790.84. The sale was disclosed in a filing with the SEC, which is available at this link. Also, Director Indra K. Nooyi acquired 100 shares of the company’s stock in a transaction dated Friday, October 4th. The shares were acquired at an average cost of $1,726.06 per share, with a total value of $172,606.00. Following the completion of the purchase, the director now owns 250 shares in the company, valued at $431,515. The disclosure for this purchase can be found here. Over the last ninety days, insiders sold 22,747 shares of company stock valued at $40,737,808. 16.10% of the stock is currently owned by corporate insiders.

Several equities analysts recently commented on AMZN shares. Zacks Investment Research raised Amazon.com from a “strong sell” rating to a “hold” rating and set a $1,480.00 target price on the stock in a report on Wednesday, September 25th. Cowen set a $2,400.00 target price on Amazon.com and gave the company a “buy” rating in a report on Friday, October 25th. Deutsche Bank set a $2,150.00 target price on Amazon.com and gave the company a “buy” rating in a report on Friday, October 25th. KeyCorp reissued an “overweight” rating and issued a $2,200.00 target price (up previously from $2,100.00) on shares of Amazon.com in a report on Monday, July 22nd. Finally, Jefferies Financial Group set a $2,300.00 target price on Amazon.com and gave the company a “buy” rating in a report on Tuesday, October 15th. One analyst has rated the stock with a sell rating, two have issued a hold rating and forty-two have issued a buy rating to the stock. Amazon.com presently has an average rating of “Buy” and an average target price of $2,189.97.

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.

Featured Story: What is the outlook for the FAANG stocks?

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

Receive News & Ratings for Amazon.com Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Amazon.com and related companies with MarketBeat.com's FREE daily email newsletter.