Highland Capital Management LLC Increases Stock Position in Amazon.com, Inc. (NASDAQ:AMZN)

Highland Capital Management LLC lifted its holdings in shares of Amazon.com, Inc. (NASDAQ:AMZN) by 5.8% in the third quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 9,302 shares of the e-commerce giant’s stock after buying an additional 513 shares during the period. Amazon.com comprises about 1.2% of Highland Capital Management LLC’s portfolio, making the stock its 18th biggest holding. Highland Capital Management LLC’s holdings in Amazon.com were worth $16,147,000 at the end of the most recent quarter.

Several other institutional investors have also bought and sold shares of the company. West Oak Capital LLC grew its position in Amazon.com by 0.3% during the 2nd quarter. West Oak Capital LLC now owns 1,455 shares of the e-commerce giant’s stock worth $2,755,000 after acquiring an additional 5 shares during the last quarter. Altman Advisors Inc. grew its position in shares of Amazon.com by 0.3% in the 2nd quarter. Altman Advisors Inc. now owns 1,962 shares of the e-commerce giant’s stock valued at $3,715,000 after buying an additional 6 shares during the last quarter. First National Bank of Hutchinson grew its position in shares of Amazon.com by 0.5% in the 2nd quarter. First National Bank of Hutchinson now owns 1,106 shares of the e-commerce giant’s stock valued at $2,115,000 after buying an additional 6 shares during the last quarter. Brasada Capital Management LP grew its position in shares of Amazon.com by 1.2% in the 2nd quarter. Brasada Capital Management LP now owns 496 shares of the e-commerce giant’s stock valued at $962,000 after buying an additional 6 shares during the last quarter. Finally, Alera Investment Advisors LLC grew its position in shares of Amazon.com by 0.4% in the 2nd quarter. Alera Investment Advisors LLC now owns 1,368 shares of the e-commerce giant’s stock valued at $2,590,000 after buying an additional 6 shares during the last quarter. 56.01% of the stock is owned by institutional investors.

A number of research firms have commented on AMZN. Zacks Investment Research upgraded Amazon.com from a “strong sell” rating to a “hold” rating and set a $1,480.00 price target on the stock in a research report on Wednesday, September 25th. Barclays reduced their price target on Amazon.com from $2,180.00 to $2,000.00 and set an “overweight” rating on the stock in a research report on Friday, October 25th. BidaskClub upgraded Amazon.com from a “strong sell” rating to a “sell” rating in a research report on Wednesday, November 27th. Macquarie set a $2,200.00 price objective on Amazon.com and gave the company a “buy” rating in a research note on Friday, October 25th. Finally, BMO Capital Markets dropped their price objective on Amazon.com from $2,280.00 to $2,000.00 and set an “outperform” rating on the stock in a research note on Friday, October 25th. One investment analyst has rated the stock with a sell rating, two have assigned a hold rating and forty-three have assigned a buy rating to the company’s stock. The company currently has a consensus rating of “Buy” and an average target price of $2,176.38.

Shares of Amazon.com stock traded down $9.27 on Wednesday, hitting $1,760.69. The company had a trading volume of 2,669,142 shares, compared to its average volume of 3,929,769. The stock has a market capitalization of $872.94 billion, a price-to-earnings ratio of 87.42, a P/E/G ratio of 3.30 and a beta of 1.53. Amazon.com, Inc. has a 1 year low of $1,307.00 and a 1 year high of $2,035.80. The stock has a 50 day moving average of $1,772.50 and a 200-day moving average of $1,822.38. The company has a debt-to-equity ratio of 0.40, a quick ratio of 0.84 and a current ratio of 1.10.

Amazon.com (NASDAQ:AMZN) last issued its quarterly earnings data on Thursday, October 24th. The e-commerce giant reported $4.23 EPS for the quarter, missing the consensus estimate of $4.46 by ($0.23). The company had revenue of $69.98 billion during the quarter, compared to analysts’ expectations of $68.72 billion. Amazon.com had a return on equity of 22.52% and a net margin of 4.27%. The business’s revenue for the quarter was up 23.7% compared to the same quarter last year. During the same period last year, the company earned $5.75 earnings per share. Equities analysts anticipate that Amazon.com, Inc. will post 20.52 earnings per share for the current year.

In other news, CEO Jeffrey A. Wilke sold 2,800 shares of the company’s stock in a transaction that occurred on Thursday, September 12th. The stock was sold at an average price of $1,847.51, for a total value of $5,173,028.00. Following the completion of the transaction, the chief executive officer now directly owns 10,000 shares of the company’s stock, valued at $18,475,100. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, Director Indra K. Nooyi bought 100 shares of Amazon.com stock in a transaction dated Friday, October 4th. The stock was acquired at an average cost of $1,726.06 per share, with a total value of $172,606.00. Following the completion of the acquisition, the director now owns 250 shares of the company’s stock, valued at $431,515. The disclosure for this purchase can be found here. Over the last three months, insiders sold 12,796 shares of company stock valued at $22,669,578. Company 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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