Sawgrass Asset Management LLC Has $68.70 Million Stock Position in Amazon.com, Inc. (NASDAQ:AMZN)

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Sawgrass Asset Management LLC raised its stake in Amazon.com, Inc. (NASDAQ:AMZN) by 65.0% in the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 24,902 shares of the e-commerce giant’s stock after purchasing an additional 9,806 shares during the period. Amazon.com makes up approximately 5.1% of Sawgrass Asset Management LLC’s holdings, making the stock its 3rd biggest position. Sawgrass Asset Management LLC’s holdings in Amazon.com were worth $68,700,000 as of its most recent SEC filing.

A number of other institutional investors also recently modified their holdings of the business. Gantzert Investment Co. LLC ADV acquired a new position in shares of Amazon.com in the 2nd quarter valued at $28,000. Sofos Investments Inc. raised its stake in shares of Amazon.com by 120.0% in the 1st quarter. Sofos Investments Inc. now owns 121 shares of the e-commerce giant’s stock valued at $31,000 after buying an additional 66 shares in the last quarter. Your Advocates Ltd. LLP acquired a new position in shares of Amazon.com in the 1st quarter valued at $37,000. James Investment Research Inc. acquired a new position in shares of Amazon.com in the 2nd quarter valued at $55,000. Finally, CBIZ Investment Advisory Services LLC raised its stake in shares of Amazon.com by 262.5% in the 1st quarter. CBIZ Investment Advisory Services LLC now owns 29 shares of the e-commerce giant’s stock valued at $57,000 after buying an additional 21 shares in the last quarter. 64.54% of the stock is owned by hedge funds and other institutional investors.

Shares of NASDAQ AMZN opened at $3,164.68 on Friday. The firm 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 company has a current ratio of 1.08, a quick ratio of 0.84 and a debt-to-equity ratio of 0.36. Amazon.com, Inc. has a 1 year low of $1,626.03 and a 1 year high of $3,344.29. The firm’s 50-day moving average is $2,884.55 and its 200-day moving average is $2,314.52.

Amazon.com (NASDAQ:AMZN) last released its quarterly earnings data on Thursday, July 30th. The e-commerce giant reported $10.30 earnings per share for the quarter, topping the consensus estimate of $1.74 by $8.56. Amazon.com had a net margin of 4.10% and a return on equity of 21.51%. The business had revenue of $88.91 billion for the quarter, compared to analyst estimates of $81.56 billion. As a group, equities research analysts anticipate that Amazon.com, Inc. will post 20.12 earnings per share for the current fiscal year.

AMZN has been the subject of a number of recent research reports. Guggenheim increased their price objective on shares of Amazon.com from $2,700.00 to $3,600.00 in a research note on Friday. Pivotal Research reiterated a “buy” rating on shares of Amazon.com in a research report on Friday. Cowen increased their target price on shares of Amazon.com from $2,750.00 to $3,700.00 and gave the stock an “outperform” rating in a research report on Monday, July 13th. BofA Securities increased their target price on shares of Amazon.com from $3,280.00 to $3,560.00 and gave the stock a “buy” rating in a research report on Friday. Finally, Credit Suisse Group increased their target price on shares of Amazon.com from $3,400.00 to $3,680.00 and gave the stock an “outperform” rating in a research report on Friday. One equities research analyst has rated the stock with a sell rating, six have assigned a hold rating, forty-five have assigned a buy rating and one has assigned a strong buy rating to the company. Amazon.com currently has an average rating of “Buy” and an average target price of $3,240.51.

In related news, Director Patricia Q. Stonesifer sold 2,200 shares of Amazon.com stock in a transaction that occurred on Wednesday, May 6th. The shares were sold at an average price of $2,329.44, for a total transaction of $5,124,768.00. Following the transaction, the director now owns 4,645 shares of the company’s stock, valued at approximately $10,820,248.80. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CEO Andrew R. Jassy sold 6,945 shares of Amazon.com stock in a transaction that occurred on Monday, May 4th. The stock was sold at an average price of $2,256.50, for a total transaction of $15,671,392.50. Following the transaction, the chief executive officer now directly owns 93,105 shares in the company, valued at approximately $210,091,432.50. The disclosure for this sale can be found here. 16.10% of the stock is owned by company insiders.

Amazon.com 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.

See Also: Diversification in Investing

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Institutional Ownership by Quarter for Amazon.com (NASDAQ:AMZN)

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