Traub Capital Management LLC Takes Position in Amazon.com, Inc. $AMZN

Traub Capital Management LLC bought a new position in Amazon.com, Inc. (NASDAQ:AMZN) during the second quarter, according to its most recent filing with the SEC. The firm bought 8,734 shares of the e-commerce giant’s stock, valued at approximately $1,916,000. Amazon.com makes up 1.8% of Traub Capital Management LLC’s investment portfolio, making the stock its 11th largest holding.

A number of other hedge funds and other institutional investors have also bought and sold shares of the business. Vanguard Group Inc. grew its holdings in shares of Amazon.com by 2.1% during the second quarter. Vanguard Group Inc. now owns 849,721,601 shares of the e-commerce giant’s stock valued at $186,420,422,000 after buying an additional 17,447,045 shares during the last quarter. Geode Capital Management LLC lifted its position in Amazon.com by 1.7% in the 2nd quarter. Geode Capital Management LLC now owns 216,717,657 shares of the e-commerce giant’s stock valued at $47,332,625,000 after acquiring an additional 3,721,658 shares in the last quarter. Kingstone Capital Partners Texas LLC boosted its stake 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 valued at $29,100,194,000 after purchasing an additional 132,616,953 shares during the last quarter. Northern Trust Corp increased its holdings in Amazon.com by 0.3% during the 1st quarter. Northern Trust Corp now owns 97,379,134 shares of the e-commerce giant’s stock worth $18,527,354,000 after purchasing an additional 302,858 shares in the last quarter. Finally, Nuveen LLC purchased a new stake in shares of Amazon.com in the first quarter worth approximately $11,674,091,000. Institutional investors own 72.20% of the company’s stock.

Insider Transactions at Amazon.com

In other news, CEO Andrew R. Jassy sold 19,872 shares of the company’s stock in a transaction on Friday, November 21st. The stock was sold at an average price of $216.94, for a total transaction of $4,311,031.68. Following the transaction, the chief executive officer owned 2,208,310 shares of the company’s stock, valued at $479,070,771.40. This represents a 0.89% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Keith Brian Alexander sold 900 shares of the stock in a transaction on Monday, November 17th. The stock was sold at an average price of $233.00, for a total value of $209,700.00. Following the transaction, the director owned 7,170 shares of the company’s stock, valued at $1,670,610. The trade was a 11.15% decrease in their position. The SEC filing for this sale provides additional information. Over the last 90 days, insiders sold 82,234 shares of company stock valued at $19,076,767. 10.80% of the stock is currently owned by insiders.

Amazon.com Stock Performance

Shares of AMZN stock opened at $226.89 on Tuesday. The company has a debt-to-equity ratio of 0.14, a quick ratio of 0.80 and a current ratio of 1.01. The firm has a market cap of $2.43 trillion, a price-to-earnings ratio of 32.05, a P/E/G ratio of 1.58 and a beta of 1.37. Amazon.com, Inc. has a 52 week low of $161.38 and a 52 week high of $258.60. The firm’s 50-day simple moving average is $228.67 and its two-hundred day simple moving average is $224.28.

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 firm had revenue of $180.17 billion during the quarter, compared to the consensus estimate of $177.53 billion. Amazon.com had a net margin of 11.06% and a return on equity of 23.62%. The company’s revenue was up 13.4% compared to the same quarter last year. During the same period in the prior year, the firm earned $1.43 EPS. As a group, equities analysts forecast that Amazon.com, Inc. will post 6.31 earnings per share for the current year.

Wall Street Analyst Weigh In

Several research analysts recently issued reports on the company. Telsey Advisory Group lifted their target price on Amazon.com from $265.00 to $300.00 and gave the company an “outperform” rating in a research report on Friday, October 31st. Monness Crespi & Hardt raised their price objective on Amazon.com from $275.00 to $300.00 and gave the company a “buy” rating in a research note on Friday, October 31st. New Street Research lifted their price objective on shares of Amazon.com from $270.00 to $340.00 and gave the stock a “buy” rating in a report on Tuesday, November 4th. Cantor Fitzgerald reiterated an “overweight” rating on shares of Amazon.com in a report on Wednesday, December 3rd. Finally, HSBC raised their price target on shares of Amazon.com from $260.00 to $285.00 and gave the company a “buy” rating in a research report on Friday, October 31st. One investment analyst has rated the stock with a Strong Buy rating, fifty-six have given a Buy rating and three have assigned a Hold rating to the stock. According to data from MarketBeat.com, Amazon.com presently has a consensus rating of “Moderate Buy” and a consensus price target of $296.78.

Amazon.com Company 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.