Buffington Mohr McNeal Buys 54 Shares of Amazon.com, Inc. (NASDAQ:AMZN)

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Buffington Mohr McNeal boosted its stake in shares of Amazon.com, Inc. (NASDAQ:AMZN) by 4.6% in the second quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 1,217 shares of the e-commerce giant’s stock after buying an additional 54 shares during the period. Buffington Mohr McNeal’s holdings in Amazon.com were worth $3,357,000 at the end of the most recent reporting period.

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

Amazon.com stock opened at $3,164.68 on Friday. The company has a debt-to-equity ratio of 0.36, a current ratio of 1.08 and a quick ratio of 0.84. The company’s 50-day moving average is $2,884.55 and its 200 day moving average is $2,314.52. Amazon.com, Inc. has a 1-year low of $1,626.03 and a 1-year high of $3,344.29. The firm has a market capitalization of $1,578.47 billion, a P/E ratio of 121.67, a price-to-earnings-growth ratio of 5.83 and a beta of 1.32.

Amazon.com (NASDAQ:AMZN) last announced its quarterly earnings results on Thursday, July 30th. The e-commerce giant reported $10.30 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates 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 during the quarter, compared to analyst estimates of $81.56 billion. Research analysts anticipate that Amazon.com, Inc. will post 20.12 earnings per share for the current fiscal year.

Several equities research analysts recently commented on AMZN shares. Goldman Sachs Group lifted their price objective on Amazon.com from $3,800.00 to $4,200.00 and gave the stock a “conviction-buy” rating in a report on Friday. Susquehanna Bancshares reiterated a “positive” rating and issued a $3,000.00 price target (up from $2,500.00) on shares of Amazon.com in a research note on Friday, May 1st. William Blair restated a “buy” rating on shares of Amazon.com in a research report on Monday, June 22nd. Guggenheim raised their target price on shares of Amazon.com from $2,700.00 to $3,600.00 in a report on Friday. Finally, BidaskClub lowered shares of Amazon.com from a “buy” rating to a “hold” rating in a research note on Friday, July 24th. One equities research analyst has rated the stock with a sell rating, six have given a hold rating, forty-five have given a buy rating and one has given a strong buy rating to the company’s stock. The company presently has a consensus rating of “Buy” and an average target price of $3,240.51.

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