United Asset Strategies Inc. Has $48.50 Million Stock Position in Amazon.com, Inc. $AMZN

United Asset Strategies Inc. boosted its position in shares of Amazon.com, Inc. (NASDAQ:AMZN) by 10.1% during the 2nd quarter, HoldingsChannel.com reports. The fund owned 221,057 shares of the e-commerce giant’s stock after buying an additional 20,355 shares during the quarter. Amazon.com accounts for 4.1% of United Asset Strategies Inc.’s investment portfolio, making the stock its 3rd biggest holding. United Asset Strategies Inc.’s holdings in Amazon.com were worth $48,498,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors also recently modified their holdings of the company. Carderock Capital Management Inc. bought a new stake in Amazon.com in the second quarter valued at approximately $27,000. Maryland Capital Advisors Inc. lifted its holdings in Amazon.com by 81.9% during the 2nd quarter. Maryland Capital Advisors Inc. now owns 211 shares of the e-commerce giant’s stock valued at $46,000 after purchasing an additional 95 shares during the last quarter. Ryan Investment Management Inc. bought a new position in Amazon.com during the second quarter worth $48,000. MJT & Associates Financial Advisory Group Inc. acquired a new position in shares of Amazon.com in the first quarter valued at $59,000. Finally, Access Investment Management LLC bought a new position in shares of Amazon.com in the second quarter valued at about $74,000. Institutional investors own 72.20% of the company’s stock.

Insiders Place Their Bets

In other news, Director Keith Brian Alexander sold 900 shares of the firm’s stock in a transaction that occurred on Monday, November 17th. The shares were sold at an average price of $233.00, for a total value of $209,700.00. Following the sale, the director directly owned 7,170 shares in the company, valued at approximately $1,670,610. This trade represents a 11.15% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, CEO Andrew R. Jassy sold 19,872 shares of the company’s stock in a transaction that occurred on Friday, November 21st. The stock was sold at an average price of $216.94, for a total transaction of $4,311,031.68. Following the transaction, the chief executive officer owned 2,208,310 shares of the company’s stock, valued at approximately $479,070,771.40. This represents a 0.89% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders sold a total of 82,234 shares of company stock valued at $19,076,767 over the last ninety days. 9.70% of the stock is owned by insiders.

Wall Street Analysts Forecast Growth

Several brokerages recently commented on AMZN. JMP Securities set a $300.00 target price on shares of Amazon.com in a report on Friday, October 31st. DZ Bank restated a “buy” rating on shares of Amazon.com in a report on Friday, October 31st. Weiss Ratings reaffirmed a “buy (b-)” rating on shares of Amazon.com in a research report on Monday. KeyCorp reissued an “overweight” rating on shares of Amazon.com in a report on Friday. Finally, Royal Bank Of Canada reaffirmed a “buy” rating and issued a $300.00 price objective on shares of Amazon.com in a report on Tuesday. One analyst has rated the stock with a Strong Buy rating, fifty-seven have given a Buy rating and three have assigned a Hold rating to the company. Based on data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $295.93.

Amazon.com Stock Performance

NASDAQ AMZN opened at $229.53 on Friday. The firm’s 50 day simple moving average is $228.58 and its 200 day simple moving average is $223.81. The firm has a market capitalization of $2.45 trillion, a price-to-earnings ratio of 32.42, a P/E/G ratio of 1.58 and a beta of 1.37. The company has a current ratio of 1.01, a quick ratio of 0.80 and a debt-to-equity ratio of 0.14. Amazon.com, Inc. has a 1 year low of $161.38 and a 1 year high of $258.60.

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

About Amazon.com

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.