8,734 Shares in Amazon.com, Inc. $AMZN Purchased by Traub Capital Management LLC

Traub Capital Management LLC bought a new position in Amazon.com, Inc. (NASDAQ:AMZN) in the 2nd quarter, HoldingsChannel reports. The institutional investor bought 8,734 shares of the e-commerce giant’s stock, valued at approximately $1,916,000. Amazon.com accounts for 1.8% of Traub Capital Management LLC’s portfolio, making the stock its 11th biggest position.

Several other hedge funds and other institutional investors have also recently modified their holdings of the stock. Kingstone Capital Partners Texas LLC increased its holdings in Amazon.com by 542,733.6% during the 2nd quarter. Kingstone Capital Partners Texas LLC now owns 132,641,388 shares of the e-commerce giant’s stock worth $29,100,194,000 after acquiring an additional 132,616,953 shares during the period. Nuveen LLC purchased a new position in shares of Amazon.com during the 1st quarter valued at $11,674,091,000. Vanguard Group Inc. grew its position in shares of Amazon.com by 2.1% during the 2nd quarter. Vanguard Group Inc. now owns 849,721,601 shares of the e-commerce giant’s stock valued at $186,420,422,000 after purchasing an additional 17,447,045 shares in the last quarter. Goldman Sachs Group Inc. increased its holdings in shares of Amazon.com by 21.3% in the first quarter. Goldman Sachs Group Inc. now owns 57,908,424 shares of the e-commerce giant’s stock worth $11,017,657,000 after purchasing an additional 10,176,835 shares during the period. Finally, Amundi raised its position in shares of Amazon.com by 15.1% in the first quarter. Amundi now owns 55,337,037 shares of the e-commerce giant’s stock worth $9,884,098,000 after buying an additional 7,267,277 shares in the last quarter. 72.20% of the stock is currently owned by institutional investors.

Insider Transactions at Amazon.com

In other news, CEO Matthew S. Garman sold 17,768 shares of the stock in a transaction that occurred on Friday, November 21st. The stock was sold at an average price of $216.90, for a total transaction of $3,853,879.20. Following the completion of the sale, the chief executive officer owned 6,273 shares of the company’s stock, valued at approximately $1,360,613.70. This represents a 73.91% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, Director Keith Brian Alexander sold 900 shares of the firm’s stock in a transaction that occurred on Monday, November 17th. The stock was sold at an average price of $233.00, for a total transaction of $209,700.00. Following the completion of the transaction, the director owned 7,170 shares in the company, valued at $1,670,610. This represents a 11.15% decrease in their position. The disclosure for this sale is available in the SEC filing. In the last ninety days, insiders have sold 82,234 shares of company stock valued at $19,076,767. Insiders own 10.80% of the company’s stock.

Analysts Set New Price Targets

AMZN has been the subject of several recent analyst reports. Piper Sandler restated an “overweight” rating on shares of Amazon.com in a research report on Wednesday, December 3rd. Loop Capital boosted their price objective on Amazon.com from $300.00 to $360.00 and gave the stock a “buy” rating in a report on Tuesday, November 18th. Deutsche Bank Aktiengesellschaft upped their price objective on shares of Amazon.com from $278.00 to $300.00 and gave the stock a “buy” rating in a research report on Friday, October 31st. Telsey Advisory Group lifted their target price on shares of Amazon.com from $265.00 to $300.00 and gave the company an “outperform” rating in a research report on Friday, October 31st. Finally, Citizens Jmp reissued a “market outperform” rating and issued a $300.00 price target on shares of Amazon.com in a research note on Wednesday, December 3rd. One equities research analyst has rated the stock with a Strong Buy rating, fifty-six have issued a Buy rating and three have given a Hold rating to the company. According to data from MarketBeat, Amazon.com presently has an average rating of “Moderate Buy” and an average target price of $296.78.

Amazon.com Stock Down 1.2%

Shares of NASDAQ:AMZN opened at $226.89 on Tuesday. The stock’s 50-day moving average price is $228.67 and its 200-day moving average price is $224.28. Amazon.com, Inc. has a 12-month low of $161.38 and a 12-month high of $258.60. The stock has a market capitalization of $2.43 trillion, a P/E ratio of 32.05, a price-to-earnings-growth ratio of 1.58 and a beta of 1.37. The company has a current ratio of 1.01, a quick ratio of 0.80 and a debt-to-equity ratio of 0.14.

Amazon.com (NASDAQ:AMZN) last released its earnings results on Thursday, October 30th. The e-commerce giant reported $1.95 earnings per share for the quarter, beating analysts’ consensus estimates of $1.57 by $0.38. The company had revenue of $180.17 billion during the quarter, compared to analyst estimates of $177.53 billion. Amazon.com had a return on equity of 23.62% and a net margin of 11.06%.Amazon.com’s revenue for the quarter was up 13.4% on a year-over-year basis. During the same quarter in the previous year, the company posted $1.43 EPS. On average, equities analysts anticipate that Amazon.com, Inc. will post 6.31 earnings per share for the current year.

Amazon.com Profile

Amazon.com, Inc engages in the retail sale of consumer products, advertising, and subscriptions service through online and physical stores in North America and internationally. The company operates through three segments: North America, International, and Amazon Web Services (AWS). It also manufactures and sells electronic devices, including Kindle, Fire tablets, Fire TVs, Echo, Ring, Blink, and eero; and develops and produces media content.