Silvercrest Asset Management Group LLC grew its position in Amazon.com, Inc. (NASDAQ:AMZN) by 0.2% during the 2nd quarter, according to the company in its most recent disclosure with the SEC. The firm owned 12,084 shares of the e-commerce giant’s stock after purchasing an additional 23 shares during the period. Silvercrest Asset Management Group LLC’s holdings in Amazon.com were worth $22,883,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also recently bought and sold shares of the business. Pacific Sun Financial Corp acquired a new stake in Amazon.com in the second quarter worth $526,000. Vanguard Group Inc. raised its holdings in Amazon.com by 1.3% in the second quarter. Vanguard Group Inc. now owns 31,312,832 shares of the e-commerce giant’s stock worth $59,294,918,000 after purchasing an additional 387,740 shares during the period. QCI Asset Management Inc. NY raised its holdings in Amazon.com by 1.6% in the second quarter. QCI Asset Management Inc. NY now owns 18,725 shares of the e-commerce giant’s stock worth $35,458,000 after purchasing an additional 286 shares during the period. Leonard Green & Partners L.P. raised its holdings in Amazon.com by 33.3% in the second quarter. Leonard Green & Partners L.P. now owns 4,000 shares of the e-commerce giant’s stock worth $7,575,000 after purchasing an additional 1,000 shares during the period. Finally, Cohen & Steers Inc. raised its holdings in Amazon.com by 9.6% in the second quarter. Cohen & Steers Inc. now owns 3,439 shares of the e-commerce giant’s stock worth $6,512,000 after purchasing an additional 302 shares during the period. Institutional investors own 55.71% of the company’s stock.

Several equities research analysts have weighed in on AMZN shares. KeyCorp reiterated an “overweight” rating and issued a $2,200.00 target price (up from $2,100.00) on shares of Amazon.com in a report on Monday, July 22nd. Goldman Sachs Group reiterated a “buy” rating on shares of Amazon.com in a report on Friday, July 26th. Bank of America reiterated a “buy” rating and issued a $2,350.00 target price (up from $2,300.00) on shares of Amazon.com in a report on Friday, July 26th. ValuEngine raised shares of Amazon.com from a “hold” rating to a “buy” rating in a research report on Tuesday, July 2nd. Finally, Barclays raised shares of Amazon.com from an “outperform” rating to a “buy” rating in a research report on Monday, July 29th. One research analyst has rated the stock with a sell rating, two have assigned a hold rating and forty-two have given a buy rating to the stock. Amazon.com currently has a consensus rating of “Buy” and an average price target of $2,259.84.

Amazon.com stock traded down $10.69 during mid-day trading on Wednesday, reaching $1,811.86. The company’s stock had a trading volume of 1,021,810 shares, compared to its average volume of 2,693,949. The company has a market capitalization of $909.84 billion, a price-to-earnings ratio of 89.96, a price-to-earnings-growth ratio of 2.38 and a beta of 1.57. Amazon.com, Inc. has a 12 month low of $1,307.00 and a 12 month high of $2,035.80. The business’s 50 day simple moving average is $1,807.05 and its 200 day simple moving average is $1,840.86. The company has a debt-to-equity ratio of 0.44, a quick ratio of 0.84 and a current ratio of 1.10.

Amazon.com (NASDAQ:AMZN) last released its earnings results on Thursday, July 25th. The e-commerce giant reported $5.22 earnings per share for the quarter, missing analysts’ consensus estimates of $5.29 by ($0.07). The business had revenue of $63.40 billion during the quarter, compared to the consensus estimate 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% on a year-over-year basis. During the same period last year, the business posted $5.07 EPS. As a group, sell-side analysts expect that Amazon.com, Inc. will post 24.01 EPS for the current year.

In related news, VP Shelley Reynolds sold 379 shares of the firm’s stock in a transaction on Thursday, August 15th. The shares were sold at an average price of $1,775.43, for a total value of $672,887.97. Following the completion of the transaction, the vice president now owns 6,307 shares of the company’s stock, valued at $11,197,637.01. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, CEO Andrew R. Jassy sold 7,308 shares of the 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 completion of the sale, the chief executive officer now owns 92,614 shares of the company’s stock, valued at approximately $185,228,000. The disclosure for this sale can be found here. In the last ninety days, insiders sold 30,514 shares of company stock valued at $56,347,835. 16.10% of the stock is owned by insiders.

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.

See Also: Earnings Per Share (EPS) Explained

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

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