Rexford Capital Inc. Acquires Shares of 4,667 Amazon.com, Inc. $AMZN

Rexford Capital Inc. bought a new position in shares of Amazon.com, Inc. (NASDAQ:AMZN) in the second quarter, Holdings Channel.com reports. The fund bought 4,667 shares of the e-commerce giant’s stock, valued at approximately $1,024,000. Amazon.com makes up approximately 0.8% of Rexford Capital Inc.’s investment portfolio, making the stock its 26th biggest holding.

Other hedge funds have also modified their holdings of the company. Wilson Asset Management International PTY Ltd. acquired a new stake in Amazon.com during the second quarter valued at $11,102,000. ARK Investment Management LLC lifted its holdings in shares of Amazon.com by 8.3% during the 2nd quarter. ARK Investment Management LLC now owns 1,140,494 shares of the e-commerce giant’s stock valued at $250,213,000 after buying an additional 86,978 shares during the last quarter. Buckhead Capital Management LLC lifted its holdings in shares of Amazon.com by 16.1% during the 2nd quarter. Buckhead Capital Management LLC now owns 28,407 shares of the e-commerce giant’s stock valued at $6,232,000 after buying an additional 3,948 shares during the last quarter. Flaharty Asset Management LLC grew its stake in shares of Amazon.com by 87.7% in the 1st quarter. Flaharty Asset Management LLC now owns 5,088 shares of the e-commerce giant’s stock valued at $968,000 after buying an additional 2,377 shares in the last quarter. Finally, Border to Coast Pensions Partnership Ltd increased its holdings in Amazon.com by 6.0% in the second quarter. Border to Coast Pensions Partnership Ltd now owns 1,136,311 shares of the e-commerce giant’s stock worth $249,295,000 after buying an additional 63,924 shares during the last quarter. 72.20% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling

In related news, Director Keith Brian Alexander sold 900 shares of Amazon.com stock in a transaction dated Monday, November 17th. The stock was sold at an average price of $233.00, for a total transaction of $209,700.00. Following the sale, the director directly owned 7,170 shares of the company’s stock, valued at $1,670,610. This trade represents a 11.15% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, CEO Matthew S. Garman sold 17,768 shares of the business’s stock in a transaction dated Friday, November 21st. The shares were sold at an average price of $216.90, for a total value of $3,853,879.20. Following the transaction, the chief executive officer owned 6,273 shares in the company, valued at $1,360,613.70. This represents a 73.91% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Over the last ninety days, insiders sold 82,234 shares of company stock worth $19,076,767. 9.70% of the stock is currently owned by corporate insiders.

Analyst Upgrades and Downgrades

Several research firms have commented on AMZN. Morgan Stanley reissued an “overweight” rating and issued a $315.00 target price (up from $300.00) on shares of Amazon.com in a research report on Friday, October 31st. Maxim Group increased their target price on shares of Amazon.com from $272.00 to $280.00 and gave the stock a “buy” rating in a research report on Friday, October 31st. Mizuho cut Amazon.com from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, November 18th. Deutsche Bank Aktiengesellschaft upped their price target on Amazon.com from $278.00 to $300.00 and gave the stock a “buy” rating in a research note on Friday, October 31st. Finally, CICC Research raised their price objective on Amazon.com from $240.00 to $280.00 and gave the company an “outperform” rating in a research note on Wednesday, November 5th. Two analysts have rated the stock with a Strong Buy rating, fifty-six have assigned a Buy rating and three have given a Hold rating to the company. According to data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average target price of $295.43.

Amazon.com Stock Performance

AMZN opened at $226.19 on Friday. The company has a quick ratio of 0.80, a current ratio of 1.01 and a debt-to-equity ratio of 0.14. The stock’s 50 day moving average price is $229.35 and its two-hundred day moving average price is $224.87. The firm has a market capitalization of $2.42 trillion, a P/E ratio of 31.95, a price-to-earnings-growth ratio of 1.56 and a beta of 1.37. Amazon.com, Inc. has a 12-month low of $161.38 and a 12-month high of $258.60.

Amazon.com (NASDAQ:AMZN) last posted its quarterly earnings data on Thursday, October 30th. The e-commerce giant reported $1.95 earnings per share for the quarter, beating the consensus estimate of $1.57 by $0.38. The company had revenue of $180.17 billion during the quarter, compared to analysts’ expectations of $177.53 billion. Amazon.com had a return on equity of 23.62% and a net margin of 11.06%.Amazon.com’s revenue for the quarter was up 13.4% compared to the same quarter last year. During the same period in the prior year, the business earned $1.43 earnings per share. On average, equities analysts forecast that Amazon.com, Inc. will post 6.31 earnings per share for the current year.

Amazon.com Company 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.