Whitener Capital Management Inc. Boosts Stock Holdings in Amazon.com, Inc. (NASDAQ:AMZN)

Whitener Capital Management Inc. lifted its holdings in Amazon.com, Inc. (NASDAQ:AMZN) by 14.4% during the second quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 5,569 shares of the e-commerce giant’s stock after buying an additional 700 shares during the period. Amazon.com comprises 6.0% of Whitener Capital Management Inc.’s holdings, making the stock its largest holding. Whitener Capital Management Inc.’s holdings in Amazon.com were worth $10,545,000 as of its most recent SEC filing.

Several other institutional investors have also bought and sold shares of the company. Holderness Investments Co. grew its holdings in Amazon.com by 1.4% during the 2nd quarter. Holderness Investments Co. now owns 5,548 shares of the e-commerce giant’s stock valued at $10,506,000 after purchasing an additional 75 shares during the last quarter. Sompo Japan Nipponkoa Asset Management CO. LTD. grew its holdings in Amazon.com by 1.5% during the 2nd quarter. Sompo Japan Nipponkoa Asset Management CO. LTD. now owns 4,274 shares of the e-commerce giant’s stock valued at $8,093,000 after purchasing an additional 63 shares during the last quarter. Bingham Osborn & Scarborough LLC grew its holdings in Amazon.com by 0.3% during the 2nd quarter. Bingham Osborn & Scarborough LLC now owns 7,146 shares of the e-commerce giant’s stock valued at $13,532,000 after purchasing an additional 19 shares during the last quarter. Spectrum Management Group Inc. grew its holdings in Amazon.com by 4.7% during the 2nd quarter. Spectrum Management Group Inc. now owns 2,091 shares of the e-commerce giant’s stock valued at $3,960,000 after purchasing an additional 94 shares during the last quarter. Finally, Mondrian Capital Management LLC grew its holdings in Amazon.com by 35.1% during the 2nd quarter. Mondrian Capital Management LLC now owns 5,000 shares of the e-commerce giant’s stock valued at $9,468,000 after purchasing an additional 1,300 shares during the last quarter. Hedge funds and other institutional investors own 57.26% of the company’s stock.

In related news, CEO Andrew R. Jassy sold 7,308 shares of the stock in a transaction that occurred on Wednesday, July 10th. The shares were sold at an average price of $2,000.00, for a total transaction of $14,616,000.00. Following the completion of the sale, the chief executive officer now owns 92,614 shares of the company’s stock, valued at $185,228,000. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, VP Shelley Reynolds sold 379 shares of the stock in a transaction that occurred on Thursday, August 15th. The shares were sold at an average price of $1,775.43, for a total transaction of $672,887.97. Following the sale, the vice president now directly owns 6,307 shares of the company’s stock, valued at approximately $11,197,637.01. The disclosure for this sale can be found here. Insiders sold a total of 15,570 shares of company stock valued at $29,499,221 in the last ninety days. Corporate insiders own 16.10% of the company’s stock.



Shares of AMZN opened at $1,749.62 on Friday. The company has a 50 day moving average price of $1,892.65 and a 200-day moving average price of $1,819.37. Amazon.com, Inc. has a fifty-two week low of $1,307.00 and a fifty-two week high of $2,050.50. The stock has a market capitalization of $902.03 billion, a PE ratio of 86.87, a PEG ratio of 2.31 and a beta of 1.55. The company has a debt-to-equity ratio of 0.44, a quick ratio of 0.84 and a current ratio of 1.10.

Amazon.com (NASDAQ:AMZN) last announced its quarterly earnings results on Thursday, July 25th. The e-commerce giant reported $5.22 earnings per share for the quarter, missing the consensus estimate of $5.29 by ($0.07). Amazon.com had a return on equity of 26.27% and a net margin of 4.80%. The business had revenue of $63.40 billion during the quarter, compared to analysts’ expectations of $62.59 billion. During the same period in the previous year, the company posted $5.07 EPS. Amazon.com’s revenue for the quarter was up 19.9% on a year-over-year basis. Equities research analysts forecast that Amazon.com, Inc. will post 24.52 EPS for the current year.

AMZN has been the topic of several analyst reports. Piper Jaffray Companies upped their price target on shares of Amazon.com from $2,070.00 to $2,225.00 and gave the company an “overweight” rating in a report on Friday, April 26th. Pivotal Research reiterated a “buy” rating and set a $2,615.00 price target (down from $2,750.00) on shares of Amazon.com in a report on Friday, July 26th. Bank of America reiterated a “buy” rating and set a $2,350.00 price target (up from $2,300.00) on shares of Amazon.com in a report on Friday, July 26th. Stifel Nicolaus reiterated a “buy” rating and set a $2,300.00 price target on shares of Amazon.com in a report on Friday, July 26th. Finally, KeyCorp reiterated an “overweight” rating and set a $2,200.00 price target (up from $2,100.00) on shares of Amazon.com in a report on Monday, July 22nd. One equities research analyst has rated the stock with a sell rating, two have issued a hold rating and forty-two have issued a buy rating to the stock. The stock presently has an average rating of “Buy” and a consensus target price of $2,251.95.

Amazon.com 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.

See Also: Return on Equity (ROE)

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

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