Donaldson Capital Management LLC increased its position in Amazon.com, Inc. (NASDAQ:AMZN) by 8.5% during the 2nd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 3,063 shares of the e-commerce giant’s stock after purchasing an additional 241 shares during the quarter. Donaldson Capital Management LLC’s holdings in Amazon.com were worth $8,450,000 as of its most recent SEC filing.
A number of other large investors have also recently made changes to their positions in the stock. Gantzert Investment Co. LLC ADV purchased a new stake in Amazon.com during the second quarter worth $28,000. Sofos Investments Inc. lifted its holdings in Amazon.com by 120.0% during the first quarter. Sofos Investments Inc. now owns 121 shares of the e-commerce giant’s stock worth $31,000 after buying an additional 66 shares during the period. Your Advocates Ltd. LLP purchased a new stake in Amazon.com during the first quarter worth $37,000. James Investment Research Inc. purchased a new stake in Amazon.com during the second quarter worth $55,000. Finally, CBIZ Investment Advisory Services LLC lifted its holdings in Amazon.com by 262.5% during the first quarter. CBIZ Investment Advisory Services LLC now owns 29 shares of the e-commerce giant’s stock worth $57,000 after buying an additional 21 shares during the period. 64.54% of the stock is currently owned by institutional investors.
A number of analysts have weighed in on the company. Credit Suisse Group upped their target price on Amazon.com from $3,400.00 to $3,680.00 and gave the stock an “outperform” rating in a report on Friday. Wolfe Research lowered Amazon.com to a “sell” rating and set a $1,987.00 price objective for the company. in a report on Monday, April 27th. Stifel Nicolaus increased their price objective on Amazon.com from $3,300.00 to $3,500.00 and gave the company a “buy” rating in a report on Friday. SVB Leerink began coverage on Amazon.com in a report on Friday, July 24th. They set a “hold” rating for the company. Finally, BofA Securities increased their price objective on Amazon.com from $3,280.00 to $3,560.00 and gave the company a “buy” rating in a report on Friday. One analyst has rated the stock with a sell rating, six have assigned a hold rating, forty-five have given a buy rating and one has given a strong buy rating to the company’s stock. Amazon.com has a consensus rating of “Buy” and an average price target of $3,240.51.
NASDAQ:AMZN opened at $3,164.68 on Friday. Amazon.com, Inc. has a 52 week low of $1,626.03 and a 52 week high of $3,344.29. The company has a quick ratio of 0.84, a current ratio of 1.08 and a debt-to-equity ratio of 0.36. The stock has a market capitalization of $1,578.47 billion, a PE ratio of 121.67, a price-to-earnings-growth ratio of 5.83 and a beta of 1.32. The stock’s 50-day moving average price is $2,884.55 and its 200-day moving average price is $2,314.52.
Amazon.com (NASDAQ:AMZN) last posted its earnings results on Thursday, July 30th. The e-commerce giant reported $10.30 EPS for the quarter, beating the Zacks’ consensus estimate of $1.74 by $8.56. Amazon.com had a return on equity of 21.51% and a net margin of 4.10%. The firm had revenue of $88.91 billion for the quarter, compared to analysts’ expectations of $81.56 billion. Sell-side analysts expect that Amazon.com, Inc. will post 20.12 earnings per share for the current fiscal year.
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.
Recommended Story: Most Active Stocks: Dollar Volume vs Share Volume
Want to see what other hedge funds are holding AMZN? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Amazon.com, Inc. (NASDAQ:AMZN).
Receive News & Ratings for Amazon.com Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Amazon.com and related companies with MarketBeat.com's FREE daily email newsletter.