Baxter Bros Inc. Purchases 16 Shares of Amazon.com, Inc. (NASDAQ:AMZN)

Baxter Bros Inc. raised its holdings in shares of Amazon.com, Inc. (NASDAQ:AMZN) by 2.1% in the second quarter, HoldingsChannel.com reports. The firm owned 789 shares of the e-commerce giant’s stock after buying an additional 16 shares during the period. Baxter Bros Inc.’s holdings in Amazon.com were worth $2,714,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also added to or reduced their stakes in the business. Cowa LLC boosted its holdings in Amazon.com by 100.0% during the 1st quarter. Cowa LLC now owns 20 shares of the e-commerce giant’s stock worth $68,000 after acquiring an additional 10 shares during the last quarter. Laurel Wealth Planning LLC lifted its position in shares of Amazon.com by 57.1% during the second quarter. Laurel Wealth Planning LLC now owns 22 shares of the e-commerce giant’s stock valued at $76,000 after purchasing an additional 8 shares in the last quarter. Newfound Research LLC boosted its holdings in Amazon.com by 62.5% during the second quarter. Newfound Research LLC now owns 26 shares of the e-commerce giant’s stock worth $89,000 after purchasing an additional 10 shares during the last quarter. Horan Securities Inc. grew its holdings in shares of Amazon.com by 125.0% in the second quarter. Horan Securities Inc. now owns 27 shares of the e-commerce giant’s stock valued at $92,000 after acquiring an additional 15 shares in the last quarter. Finally, Saban Cheryl purchased a new stake in shares of Amazon.com during the first quarter valued at approximately $102,000. Hedge funds and other institutional investors own 57.67% of the company’s stock.

NASDAQ:AMZN traded down $120.26 during midday trading on Monday, reaching $3,342.26. 108,448 shares of the stock traded hands, compared to its average volume of 3,456,943. The stock has a market capitalization of $1.69 trillion, a P/E ratio of 59.14, a PEG ratio of 2.41 and a beta of 1.14. The company has a debt-to-equity ratio of 0.44, a quick ratio of 0.99 and a current ratio of 1.20. The company has a fifty day moving average of $3,445.47 and a 200 day moving average of $3,342.75. Amazon.com, Inc. has a 12 month low of $2,871.00 and a 12 month high of $3,773.08.

Amazon.com (NASDAQ:AMZN) last issued its quarterly earnings data on Wednesday, July 28th. The e-commerce giant reported $15.12 EPS for the quarter, beating the consensus estimate of $12.22 by $2.90. The firm had revenue of $113.08 billion during the quarter, compared to the consensus estimate of $115.08 billion. Amazon.com had a net margin of 6.64% and a return on equity of 29.86%. On average, analysts predict that Amazon.com, Inc. will post 52.18 EPS for the current fiscal year.

AMZN has been the subject of a number of recent analyst reports. Susquehanna reduced their price objective on Amazon.com from $5,500.00 to $5,000.00 and set a “positive” rating for the company in a research note on Friday, July 30th. KeyCorp restated a “buy” rating and set a $4,000.00 price target on shares of Amazon.com in a research report on Tuesday, September 7th. UBS Group lowered their price objective on shares of Amazon.com from $4,350.00 to $4,020.00 and set a “buy” rating on the stock in a research report on Friday, July 30th. Bank of America reduced their target price on shares of Amazon.com from $4,350.00 to $4,250.00 and set a “buy” rating for the company in a research report on Friday, July 30th. Finally, JPMorgan Chase & Co. lowered their price target on shares of Amazon.com from $4,600.00 to $4,100.00 and set an “overweight” rating on the stock in a report on Friday, July 30th. One research analyst has rated the stock with a hold rating and forty have given a buy rating to the stock. According to data from MarketBeat, Amazon.com currently has an average rating of “Buy” and an average price target of $4,151.30.

In other Amazon.com news, Director Jonathan Rubinstein sold 286 shares of the company’s stock in a transaction on Wednesday, September 1st. The shares were sold at an average price of $3,500.00, for a total value of $1,001,000.00. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CEO David H. Clark sold 243 shares of the business’s stock in a transaction dated Wednesday, July 7th. The shares were sold at an average price of $3,717.29, for a total transaction of $903,301.47. The disclosure for this sale can be found here. Insiders have sold a total of 4,463 shares of company stock valued at $14,784,642 in the last ninety days. 14.00% of the stock is currently owned by corporate insiders.

About Amazon.com

Amazon.com, Inc engages in the provision of online retail shopping services. It operates through the following business segments: North America, International, and Amazon Web Services (AWS). The North America segment includes retail sales of consumer products and subscriptions through North America-focused websites such as www.amazon.com and www.amazon.ca.

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

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