Amazon.com, Inc. (NASDAQ:AMZN) Shares Acquired by E&G Advisors LP

E&G Advisors LP grew its position in Amazon.com, Inc. (NASDAQ:AMZN) by 2.3% during the third quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 1,136 shares of the e-commerce giant’s stock after purchasing an additional 25 shares during the quarter. Amazon.com makes up 0.8% of E&G Advisors LP’s investment portfolio, making the stock its 28th largest position. E&G Advisors LP’s holdings in Amazon.com were worth $1,972,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also recently made changes to their positions in the company. Enterprise Trust & Investment Co acquired a new stake in Amazon.com during the 2nd quarter worth $27,000. Phocas Financial Corp. purchased a new position in Amazon.com during the 2nd quarter worth $45,000. Litman Gregory Asset Management LLC purchased a new position in Amazon.com during the 2nd quarter worth $53,000. Cerebellum GP LLC grew its position in Amazon.com by 18.0% during the 3rd quarter. Cerebellum GP LLC now owns 59 shares of the e-commerce giant’s stock worth $69,000 after purchasing an additional 9 shares during the last quarter. Finally, Clear Investment Research LLC grew its position in Amazon.com by 27.6% during the 2nd quarter. Clear Investment Research LLC now owns 37 shares of the e-commerce giant’s stock worth $70,000 after purchasing an additional 8 shares during the last quarter. Institutional investors and hedge funds own 55.71% of the company’s stock.

AMZN stock traded up $20.83 during trading on Friday, reaching $1,741.09. 987,788 shares of the company were exchanged, compared to its average volume of 3,106,419. The company has a market cap of $862.20 billion, a P/E ratio of 86.45, a PEG ratio of 2.17 and a beta of 1.54. Amazon.com, Inc. has a 52-week low of $1,307.00 and a 52-week high of $2,035.80. The stock’s 50 day moving average price is $1,776.47 and its 200 day moving average price is $1,847.28. 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 quarterly earnings data on Thursday, July 25th. The e-commerce giant reported $5.22 EPS for the quarter, missing analysts’ consensus estimates 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 return on equity of 26.27% and a net margin of 4.80%. The firm’s quarterly revenue was up 19.9% on a year-over-year basis. During the same period in the prior year, the firm posted $5.07 EPS. As a group, equities research analysts forecast that Amazon.com, Inc. will post 24.01 EPS for the current year.

Several brokerages have issued reports on AMZN. Wolfe Research began coverage on shares of Amazon.com in a research report on Tuesday. They set an “outperform” rating on the stock. Goldman Sachs Group reissued a “buy” rating on shares of Amazon.com in a research report on Tuesday, September 24th. MKM Partners reissued a “buy” rating and set a $2,350.00 price objective (up from $2,240.00) on shares of Amazon.com in a research report on Friday, August 2nd. JPMorgan Chase & Co. reissued a “buy” rating on shares of Amazon.com in a research report on Monday, July 29th. Finally, Stifel Nicolaus reissued a “buy” rating and set a $2,300.00 price objective on shares of Amazon.com in a research report on Friday, July 26th. One analyst has rated the stock with a sell rating, two have assigned a hold rating and forty-one have assigned a buy rating to the company’s stock. The company has an average rating of “Buy” and an average target price of $2,256.29.

In other Amazon.com news, CEO Jeffrey A. Wilke sold 2,800 shares of Amazon.com stock in a transaction dated Thursday, September 12th. The shares were sold at an average price of $1,847.51, for a total transaction of $5,173,028.00. Following the completion of the transaction, the chief executive officer now owns 10,000 shares in the company, valued at $18,475,100. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, SVP Jeffrey M. Blackburn sold 7,144 shares of Amazon.com stock in a transaction dated Thursday, August 29th. The stock was sold at an average price of $1,791.40, for a total transaction of $12,797,761.60. Following the transaction, the senior vice president now owns 56,011 shares of the company’s stock, valued at approximately $100,338,105.40. The disclosure for this sale can be found here. In the last three months, insiders have sold 22,443 shares of company stock worth $40,205,835. 16.10% of the stock is owned by insiders.

Amazon.com Company Profile

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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