Amazon.com, Inc. (NASDAQ:AMZN) Shares Purchased by CSat Investment Advisory L.P.

Share on StockTwits

CSat Investment Advisory L.P. increased its position in shares of Amazon.com, Inc. (NASDAQ:AMZN) by 138.2% in the second quarter, according to the company in 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 purchasing an additional 1,690 shares during the period. Amazon.com accounts for approximately 1.9% of CSat Investment Advisory L.P.’s portfolio, making the stock its 2nd largest position. CSat Investment Advisory L.P.’s holdings in Amazon.com were worth $5,516,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in the business. Thoroughbred Financial Services LLC raised its holdings in Amazon.com by 191,406.0% during the second quarter. Thoroughbred Financial Services LLC now owns 9,307,191 shares of the e-commerce giant’s stock worth $930,719,000 after purchasing an additional 9,302,331 shares in the last quarter. Viking Global Investors LP lifted its holdings in Amazon.com by 157.6% during the 2nd quarter. Viking Global Investors LP now owns 802,837 shares of the e-commerce giant’s stock valued at $1,520,276,000 after purchasing an additional 491,118 shares during the last quarter. Investec Asset Management LTD lifted its holdings in Amazon.com by 186.8% during the 2nd quarter. Investec Asset Management LTD now owns 648,507 shares of the e-commerce giant’s stock valued at $430,045,000 after purchasing an additional 422,352 shares during the last quarter. BlackRock Inc. lifted its holdings in Amazon.com by 1.6% during the 2nd quarter. BlackRock Inc. now owns 26,082,028 shares of the e-commerce giant’s stock valued at $49,389,711,000 after purchasing an additional 415,448 shares during the last quarter. Finally, Vanguard Group Inc. lifted its holdings in Amazon.com by 1.3% during the 2nd quarter. Vanguard Group Inc. now owns 31,312,832 shares of the e-commerce giant’s stock valued at $59,294,918,000 after purchasing an additional 387,740 shares during the last quarter. Institutional investors own 55.71% of the company’s stock.

In other Amazon.com news, CEO Andrew R. Jassy sold 7,308 shares of Amazon.com stock in a transaction dated 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 transaction, the chief executive officer now owns 92,614 shares in the company, valued at $185,228,000. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, CEO Jeffrey A. Wilke sold 2,800 shares of Amazon.com stock in a transaction dated Thursday, September 12th. The shares were sold at an average price of $1,847.51, for a total value of $5,173,028.00. Following the completion of the transaction, the chief executive officer now owns 10,000 shares in the company, valued at approximately $18,475,100. The disclosure for this sale can be found here. In the last quarter, insiders sold 30,514 shares of company stock worth $56,347,835. Company insiders own 16.10% of the company’s stock.

Amazon.com stock traded down $27.34 during midday trading on Friday, reaching $1,794.16. The company’s stock had a trading volume of 4,324,478 shares, compared to its average volume of 2,766,558. Amazon.com, Inc. has a 52 week low of $1,307.00 and a 52 week high of $2,035.80. The company has a current ratio of 1.10, a quick ratio of 0.84 and a debt-to-equity ratio of 0.44. The business has a 50-day moving average price of $1,801.56 and a 200-day moving average price of $1,843.04. The stock has a market cap 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 released its earnings results on Thursday, July 25th. The e-commerce giant reported $5.22 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $5.29 by ($0.07). Amazon.com had a net margin of 4.80% and a return on equity of 26.27%. The business had revenue of $63.40 billion during the quarter, compared to the consensus estimate of $62.59 billion. During the same quarter in the prior year, the firm earned $5.07 EPS. The business’s revenue was up 19.9% on a year-over-year basis. As a group, research analysts predict that Amazon.com, Inc. will post 24.01 EPS for the current fiscal year.

Several equities research analysts have issued reports on AMZN shares. Bank of America reaffirmed a “buy” rating and set a $2,350.00 price target (up previously from $2,300.00) on shares of Amazon.com in a report on Friday, July 26th. Monness Crespi & Hardt set a $2,300.00 target price on Amazon.com and gave the stock a “buy” rating in a report on Friday, July 19th. Cowen set a $2,500.00 target price on Amazon.com and gave the stock a “buy” rating in a report on Monday, July 15th. JPMorgan Chase & Co. reissued a “buy” rating on shares of Amazon.com in a report on Monday, July 29th. Finally, Benchmark reissued a “buy” rating and set a $2,300.00 target price on shares of Amazon.com in a report on Friday, July 26th. One investment analyst has rated the stock with a sell rating, two have issued a hold rating and forty-one have given a buy rating to the company’s stock. The stock has an average rating of “Buy” and an average target price of $2,260.11.

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.

Read More: Real Estate Investment Trust (REIT) ETF

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).

Institutional Ownership by Quarter for Amazon.com (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.