Willingdon Wealth Management increased its position in Amazon.com, Inc. (NASDAQ:AMZN) by 41.1% in the second quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 3,844 shares of the e-commerce giant’s stock after acquiring an additional 1,120 shares during the quarter. Amazon.com comprises about 1.7% of Willingdon Wealth Management’s holdings, making the stock its 11th biggest holding. Willingdon Wealth Management’s holdings in Amazon.com were worth $7,279,000 at the end of the most recent reporting period.

Several other hedge funds have also recently added to or reduced their stakes in the company. Signet Investment Advisory Group Inc. bought a new stake in shares of Amazon.com in the 4th quarter worth approximately $33,000. Litman Gregory Asset Management LLC bought a new stake in shares of Amazon.com in the 2nd quarter worth approximately $53,000. Financial Advantage Inc. bought a new stake in shares of Amazon.com in the 4th quarter worth approximately $45,000. Contravisory Investment Management Inc. lifted its holdings in shares of Amazon.com by 20.6% in the 2nd quarter. Contravisory Investment Management Inc. now owns 41 shares of the e-commerce giant’s stock worth $78,000 after acquiring an additional 7 shares during the last quarter. Finally, Mascoma Wealth Management LLC lifted its holdings in shares of Amazon.com by 15.6% in the 4th quarter. Mascoma Wealth Management LLC now owns 52 shares of the e-commerce giant’s stock worth $78,000 after acquiring an additional 7 shares during the last quarter. Institutional investors own 57.26% of the company’s stock.

Amazon.com stock traded up $26.36 during mid-day trading on Wednesday, reaching $1,827.74. 22,365 shares of the company traded hands, compared to its average volume of 3,991,210. The company has a debt-to-equity ratio of 0.44, a current ratio of 1.10 and a quick ratio of 0.84. The firm’s 50 day moving average price is $1,900.80 and its 200 day moving average price is $1,816.82. The firm has a market capitalization of $886.71 billion, a price-to-earnings ratio of 90.72, a P/E/G ratio of 2.27 and a beta of 1.55. Amazon.com, Inc. has a 52-week low of $1,307.00 and a 52-week high of $2,050.50.

Amazon.com (NASDAQ:AMZN) last issued its quarterly earnings data on Thursday, July 25th. The e-commerce giant reported $5.22 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $5.29 by ($0.07). The company had revenue of $63.40 billion for the quarter, compared to analysts’ expectations of $62.59 billion. Amazon.com had a net margin of 4.80% and a return on equity of 26.27%. The firm’s revenue for the quarter was up 19.9% compared to the same quarter last year. During the same period in the previous year, the firm posted $5.07 earnings per share. On average, sell-side analysts anticipate that Amazon.com, Inc. will post 24.52 EPS for the current year.

A number of equities research analysts have recently weighed in on AMZN shares. Stifel Nicolaus restated a “buy” rating and issued a $2,300.00 price objective on shares of Amazon.com in a report on Friday, July 26th. Credit Suisse Group restated an “outperform” rating and issued a $2,250.00 price objective (up from $2,200.00) on shares of Amazon.com in a report on Wednesday, July 24th. Oppenheimer set a $2,100.00 price objective on shares of Amazon.com and gave the stock a “buy” rating in a report on Friday, July 26th. Cowen set a $2,500.00 price objective on shares of Amazon.com and gave the stock a “buy” rating in a report on Monday, July 15th. Finally, Robert W. Baird set a $2,150.00 price objective on shares of Amazon.com and gave the stock an “outperform” rating in a report on Friday, July 26th. One equities research analyst has rated the stock with a sell rating, two have given a hold rating and forty-two have issued a buy rating to the company. The stock has a consensus rating of “Buy” and an average price target of $2,251.95.

In other Amazon.com news, CEO Andrew R. Jassy sold 7,308 shares of the business’s stock in a transaction on Wednesday, July 10th. The shares were sold at an average price of $2,000.00, for a total transaction of $14,616,000.00. Following the transaction, the chief executive officer now directly owns 92,614 shares of the company’s stock, valued at approximately $185,228,000. The sale was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, CEO Jeffrey A. Wilke sold 3,475 shares of the business’s stock in a transaction on Thursday, August 15th. The shares were sold at an average price of $1,773.99, for a total transaction of $6,164,615.25. Following the transaction, the chief executive officer now directly owns 10,000 shares in the company, valued at $17,739,900. The disclosure for this sale can be found here. Over the last three months, insiders have sold 14,570 shares of company stock worth $27,690,021. Insiders own 16.10% of the company’s stock.

About Amazon.com

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.

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

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