Colorado Capital Management Inc. grew its stake in shares of Amazon.com, Inc. (NASDAQ:AMZN) by 19.4% in the second quarter, according to its most recent disclosure with the SEC. The fund owned 3,490 shares of the e-commerce giant’s stock after buying an additional 566 shares during the period. Colorado Capital Management Inc.’s holdings in Amazon.com were worth $454,000 as of its most recent filing with the SEC.
Several other hedge funds have also recently added to or reduced their stakes in AMZN. State Street Corp raised its position in Amazon.com by 1,869.1% in the second quarter. State Street Corp now owns 326,727,487 shares of the e-commerce giant’s stock worth $34,701,726,000 after purchasing an additional 310,134,486 shares in the last quarter. Price T Rowe Associates Inc. MD raised its position in Amazon.com by 1,838.8% in the second quarter. Price T Rowe Associates Inc. MD now owns 311,971,394 shares of the e-commerce giant’s stock worth $33,134,481,000 after purchasing an additional 295,880,050 shares in the last quarter. FMR LLC raised its position in Amazon.com by 1,792.4% in the second quarter. FMR LLC now owns 286,047,356 shares of the e-commerce giant’s stock worth $30,381,089,000 after purchasing an additional 270,931,640 shares in the last quarter. Moneta Group Investment Advisors LLC raised its position in Amazon.com by 120,235.9% in the fourth quarter. Moneta Group Investment Advisors LLC now owns 116,480,298 shares of the e-commerce giant’s stock worth $9,784,345,000 after purchasing an additional 116,383,502 shares in the last quarter. Finally, Norges Bank acquired a new position in Amazon.com in the fourth quarter worth about $8,263,591,000. Institutional investors and hedge funds own 57.96% of the company’s stock.
Insiders Place Their Bets
In other Amazon.com news, CEO Adam Selipsky sold 500 shares of the stock in a transaction on Wednesday, September 20th. The shares were sold at an average price of $138.48, for a total value of $69,240.00. Following the sale, the chief executive officer now directly owns 106,520 shares in the company, valued at $14,750,889.60. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. In related news, CEO Adam Selipsky sold 500 shares of the firm’s stock in a transaction on Wednesday, September 20th. The shares were sold at an average price of $138.48, for a total transaction of $69,240.00. Following the sale, the chief executive officer now directly owns 106,520 shares in the company, valued at $14,750,889.60. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, CEO Douglas J. Herrington sold 4,000 shares of the firm’s stock in a transaction on Tuesday, August 1st. The stock was sold at an average price of $133.55, for a total transaction of $534,200.00. Following the sale, the chief executive officer now owns 560,301 shares in the company, valued at $74,828,198.55. The disclosure for this sale can be found here. Over the last three months, insiders have sold 1,408,645 shares of company stock worth $55,223,448. Company insiders own 12.30% of the company’s stock.
Amazon.com Trading Down 0.2 %
Amazon.com (NASDAQ:AMZN – Get Free Report) last posted its earnings results on Thursday, August 3rd. The e-commerce giant reported $0.63 earnings per share for the quarter, topping the consensus estimate of $0.34 by $0.29. The company had revenue of $134.38 billion for the quarter, compared to analyst estimates of $131.54 billion. Amazon.com had a net margin of 2.43% and a return on equity of 9.14%. Equities research analysts anticipate that Amazon.com, Inc. will post 2.23 EPS for the current year.
Wall Street Analysts Forecast Growth
Several research analysts recently issued reports on AMZN shares. Evercore ISI increased their price target on shares of Amazon.com from $150.00 to $190.00 and gave the stock an “outperform” rating in a research report on Friday, August 4th. Sanford C. Bernstein upped their price objective on shares of Amazon.com from $140.00 to $155.00 and gave the stock an “outperform” rating in a research note on Wednesday, July 19th. JMP Securities upped their price objective on shares of Amazon.com from $140.00 to $175.00 and gave the stock an “outperform” rating in a research note on Friday, August 4th. Tigress Financial upped their price objective on shares of Amazon.com from $192.00 to $204.00 in a research note on Thursday, July 13th. Finally, Canaccord Genuity Group upped their price objective on shares of Amazon.com from $160.00 to $170.00 and gave the stock a “buy” rating in a research note on Friday, August 4th. Three equities research analysts have rated the stock with a hold rating and forty-seven have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, Amazon.com has a consensus rating of “Moderate Buy” and an average target price of $161.22.
View Our Latest Stock Analysis on Amazon.com
Amazon.com Profile
Amazon.com, Inc engages in the retail sale of consumer products and subscriptions through online and physical stores in North America and internationally. It operates through three segments: North America, International, and Amazon Web Services (AWS). The company's products offered through its stores include merchandise and content purchased for resale; and products offered by third-party sellers.
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