CSat Investment Advisory L.P. Has $5.52 Million Stock Position in Amazon.com, Inc. (NASDAQ:AMZN)

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CSat Investment Advisory L.P. lifted its position in Amazon.com, Inc. (NASDAQ:AMZN) by 138.2% in the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 2,913 shares of the e-commerce giant’s stock after buying an additional 1,690 shares during the quarter. Amazon.com comprises approximately 1.9% of CSat Investment Advisory L.P.’s holdings, making the stock its 2nd biggest position. CSat Investment Advisory L.P.’s holdings in Amazon.com were worth $5,516,000 as of its most recent filing with the Securities and Exchange Commission.

Several other large investors have also recently added to or reduced their stakes in the stock. Pachira Investments Inc. lifted its position in shares of Amazon.com by 4.3% in the second quarter. Pachira Investments Inc. now owns 120 shares of the e-commerce giant’s stock valued at $227,000 after acquiring an additional 5 shares in the last quarter. West Oak Capital LLC lifted its holdings in shares of 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 valued at $2,755,000 after purchasing an additional 5 shares during the last quarter. Dorsey Wright & Associates lifted its holdings in shares of Amazon.com by 0.4% during the 2nd quarter. Dorsey Wright & Associates now owns 1,476 shares of the e-commerce giant’s stock valued at $2,795,000 after purchasing an additional 6 shares during the last quarter. RDA Financial Network lifted its holdings in shares of Amazon.com by 0.8% during the 2nd quarter. RDA Financial Network now owns 806 shares of the e-commerce giant’s stock valued at $1,574,000 after purchasing an additional 6 shares during the last quarter. Finally, Altman Advisors Inc. lifted its holdings in shares of Amazon.com by 0.3% during the 2nd quarter. Altman Advisors Inc. now owns 1,962 shares of the e-commerce giant’s stock valued at $3,715,000 after purchasing an additional 6 shares during the last quarter. 55.71% of the stock is owned by institutional investors and hedge funds.

Several brokerages have recently commented on AMZN. Jefferies Financial Group reiterated a “buy” rating and set a $2,300.00 price objective on shares of Amazon.com in a report on Tuesday. Monness Crespi & Hardt set a $2,300.00 target price on shares of Amazon.com and gave the stock a “buy” rating in a report on Friday, July 19th. Loop Capital set a $2,380.00 target price on shares of Amazon.com and gave the stock a “buy” rating in a report on Monday, July 15th. Raymond James set a $2,080.00 target price on shares of Amazon.com and gave the stock an “outperform” rating in a report on Friday, July 26th. Finally, BidaskClub downgraded shares of Amazon.com from a “sell” rating to a “strong sell” rating in a research report on Thursday. One equities research analyst has rated the stock with a sell rating, two have given a hold rating and forty-one have assigned a buy rating to the company’s stock. The company presently has a consensus rating of “Buy” and a consensus target price of $2,260.11.

In other news, CEO Andrew R. Jassy sold 7,308 shares of Amazon.com stock in a transaction that occurred on Wednesday, July 10th. The stock was sold at an average price of $2,000.00, for a total value of $14,616,000.00. Following the sale, the chief executive officer now directly owns 92,614 shares in the company, valued at approximately $185,228,000. The sale was disclosed in a filing with the SEC, which is available through this link. Also, CEO Jeffrey A. Wilke sold 2,800 shares of Amazon.com 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 sale, the chief executive officer now owns 10,000 shares in the company, valued at $18,475,100. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 30,514 shares of company stock worth $56,347,835. 16.10% of the stock is owned by corporate insiders.

AMZN traded down $27.34 on Friday, hitting $1,794.16. 4,324,478 shares of the company were exchanged, compared to its average volume of 2,766,558. The firm has a fifty day simple moving average of $1,801.56 and a two-hundred day simple moving average of $1,843.04. 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, Inc. has a 12 month low of $1,307.00 and a 12 month high of $2,035.80. The stock has a market capitalization of $899.02 billion, a PE ratio of 89.08, a price-to-earnings-growth ratio of 2.31 and a beta of 1.57.

Amazon.com (NASDAQ:AMZN) last posted its quarterly earnings results on Thursday, July 25th. The e-commerce giant reported $5.22 earnings per share (EPS) for the quarter, missing the consensus estimate of $5.29 by ($0.07). Amazon.com had a return on equity of 26.27% and a net margin of 4.80%. The company had revenue of $63.40 billion for the quarter, compared to the consensus estimate of $62.59 billion. During the same quarter in the previous year, the business earned $5.07 earnings per share. Amazon.com’s revenue was up 19.9% compared to the same quarter last year. On average, equities analysts expect that Amazon.com, Inc. will post 24.01 earnings per share for the current year.

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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