Summit X LLC Takes $201,000 Position in Amazon.com, Inc. (AMZN)

Summit X LLC purchased a new stake in Amazon.com, Inc. (NASDAQ:AMZN) during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor purchased 209 shares of the e-commerce giant’s stock, valued at approximately $201,000.

Other institutional investors also recently made changes to their positions in the company. Vanguard Group Inc. boosted its holdings in shares of Amazon.com by 2.9% in the second quarter. Vanguard Group Inc. now owns 26,863,386 shares of the e-commerce giant’s stock valued at $26,003,758,000 after acquiring an additional 764,115 shares during the period. BlackRock Inc. boosted its holdings in shares of Amazon.com by 2.4% in the second quarter. BlackRock Inc. now owns 23,925,821 shares of the e-commerce giant’s stock valued at $23,160,193,000 after acquiring an additional 554,990 shares during the period. State Street Corp boosted its holdings in shares of Amazon.com by 1.1% in the first quarter. State Street Corp now owns 16,544,538 shares of the e-commerce giant’s stock valued at $14,667,392,000 after acquiring an additional 186,756 shares during the period. Capital Research Global Investors boosted its holdings in shares of Amazon.com by 0.4% in the second quarter. Capital Research Global Investors now owns 10,711,772 shares of the e-commerce giant’s stock valued at $10,368,995,000 after acquiring an additional 40,068 shares during the period. Finally, TIAA CREF Investment Management LLC boosted its holdings in shares of Amazon.com by 1.7% in the second quarter. TIAA CREF Investment Management LLC now owns 2,828,302 shares of the e-commerce giant’s stock valued at $2,737,796,000 after acquiring an additional 46,800 shares during the period. Institutional investors own 59.76% of the company’s stock.

In other Amazon.com news, CEO Jeffrey A. Wilke sold 2,800 shares of the firm’s stock in a transaction on Friday, December 8th. The stock was sold at an average price of $1,160.34, for a total value of $3,248,952.00. Following the completion of the sale, the chief executive officer now owns 10,000 shares of the company’s stock, valued at $11,603,400. The transaction was disclosed in a filing with the SEC, which is available through this hyperlink. Also, Director Tom A. Alberg sold 835 shares of the firm’s stock in a transaction on Monday, November 27th. The shares were sold at an average price of $1,202.74, for a total value of $1,004,287.90. Following the completion of the sale, the director now directly owns 17,114 shares of the company’s stock, valued at approximately $20,583,692.36. The disclosure for this sale can be found here. In the last three months, insiders sold 402,338 shares of company stock valued at $444,391,701. 17.00% of the stock is owned by corporate insiders.

AMZN has been the subject of several research analyst reports. TheStreet raised Amazon.com from a “c+” rating to a “b-” rating in a report on Tuesday, November 7th. Needham & Company LLC set a $1,150.00 price objective on Amazon.com and gave the company a “buy” rating in a report on Friday, August 25th. Independent Research reissued a “buy” rating on shares of Amazon.com in a report on Wednesday, August 23rd. Royal Bank of Canada set a $1,100.00 price objective on Amazon.com and gave the company a “buy” rating in a report on Monday, September 11th. Finally, MKM Partners reissued a “buy” rating and issued a $1,275.00 price objective on shares of Amazon.com in a report on Thursday, September 7th. Four equities research analysts have rated the stock with a hold rating and fifty-one have issued a buy rating to the company’s stock. Amazon.com presently has an average rating of “Buy” and a consensus target price of $1,237.19.

Shares of Amazon.com, Inc. (NASDAQ:AMZN) opened at $1,177.62 on Thursday. Amazon.com, Inc. has a fifty-two week low of $747.70 and a fifty-two week high of $1,213.41. The company has a debt-to-equity ratio of 1.00, a current ratio of 1.03 and a quick ratio of 0.74. The company has a market capitalization of $567,460.00, a price-to-earnings ratio of 302.18, a price-to-earnings-growth ratio of 13.47 and a beta of 1.46.

Amazon.com (NASDAQ:AMZN) last released its earnings results on Thursday, October 26th. The e-commerce giant reported $0.52 EPS for the quarter, missing analysts’ consensus estimates of $1.09 by ($0.57). Amazon.com had a net margin of 1.20% and a return on equity of 8.67%. The business had revenue of $43.74 billion during the quarter, compared to analyst estimates of $42.26 billion. During the same period last year, the business posted $0.52 EPS. Amazon.com’s revenue was up 33.7% compared to the same quarter last year. equities research analysts expect that Amazon.com, Inc. will post 4.24 EPS for the current year.

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Amazon.com Profile

Amazon.com, Inc offers a range of products and services through its Websites. The Company operates through three segments: North America, International and Amazon Web Services (AWS). The Company’s products include merchandise and content that it purchases for resale from vendors and those offered by third-party sellers.

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

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