McGuire Investment Group LLC Takes $276,000 Position in Amazon.com, Inc. (NASDAQ:AMZN)

McGuire Investment Group LLC bought a new stake in Amazon.com, Inc. (NASDAQ:AMZN) in the second quarter, according to the company in its most recent Form 13F filing with the SEC. The fund bought 100 shares of the e-commerce giant’s stock, valued at approximately $276,000.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Gantzert Investment Co. LLC ADV bought a new stake in shares of Amazon.com in the 2nd quarter valued at about $28,000. Danda Trouve Investment Management Inc. bought a new stake in shares of Amazon.com in the 4th quarter valued at about $28,000. Deane Retirement Strategies Inc. lifted its stake in shares of Amazon.com by 142.9% in the 1st quarter. Deane Retirement Strategies Inc. now owns 17 shares of the e-commerce giant’s stock valued at $33,000 after acquiring an additional 10 shares during the last quarter. Your Advocates Ltd. LLP bought a new stake in shares of Amazon.com in the 1st quarter valued at about $37,000. Finally, Spence Asset Management raised its position in Amazon.com by 57.1% during the 2nd quarter. Spence Asset Management now owns 22 shares of the e-commerce giant’s stock valued at $61,000 after purchasing an additional 8 shares during the last quarter. 64.54% of the stock is owned by institutional investors.

In other news, Director Indra K. Nooyi purchased 27 shares of the stock in a transaction dated Wednesday, July 1st. The shares were purchased at an average cost of $2,806.80 per share, with a total value of $75,783.60. Following the acquisition, the director now directly owns 707 shares of the company’s stock, valued at $1,984,407.60. The acquisition was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, SVP David Zapolsky sold 352 shares of the stock in a transaction on Wednesday, April 15th. The shares were sold at an average price of $2,300.19, for a total value of $809,666.88. Following the transaction, the senior vice president now directly owns 4,015 shares in the company, valued at $9,235,262.85. The disclosure for this sale can be found here. Insiders have sold a total of 9,497 shares of company stock worth $21,605,827 over the last three months. Insiders own 16.10% of the company’s stock.

A number of research analysts have commented on the company. JPMorgan Chase & Co. reaffirmed a “buy” rating on shares of Amazon.com in a research report on Monday, May 4th. Royal Bank of Canada reaffirmed a “buy” rating on shares of Amazon.com in a research report on Tuesday, June 9th. Cowen upped their price target on Amazon.com from $2,750.00 to $3,700.00 and gave the company an “outperform” rating in a research report on Monday. DZ Bank reaffirmed a “buy” rating on shares of Amazon.com in a research report on Wednesday, July 8th. Finally, Benchmark upped their price target on Amazon.com from $2,450.00 to $2,650.00 and gave the company a “buy” rating in a research report on Friday, May 1st. One analyst has rated the stock with a sell rating, four have given a hold rating, forty-six have assigned a buy rating and one has given a strong buy rating to the company’s stock. The stock presently has a consensus rating of “Buy” and a consensus price target of $2,770.89.

AMZN stock traded down $127.96 during midday trading on Tuesday, hitting $2,976.04. The company’s stock had a trading volume of 2,428,623 shares, compared to its average volume of 4,505,769. The company has a market cap of $1,548.21 billion, a PE ratio of 142.19, a P/E/G ratio of 6.51 and a beta of 1.32. Amazon.com, Inc. has a 12 month low of $1,626.03 and a 12 month high of $3,344.29. The company has a current ratio of 1.08, a quick ratio of 0.84 and a debt-to-equity ratio of 0.36. The firm’s 50-day moving average is $2,681.70 and its 200-day moving average is $2,209.15.

Amazon.com (NASDAQ:AMZN) last released its quarterly earnings results on Thursday, April 30th. The e-commerce giant reported $5.01 earnings per share for the quarter, missing the consensus estimate of $6.36 by ($1.35). The firm had revenue of $75.45 billion for the quarter, compared to the consensus estimate of $74.15 billion. Amazon.com had a net margin of 3.56% and a return on equity of 17.83%. Amazon.com’s quarterly revenue was up 26.4% compared to the same quarter last year. During the same period in the previous year, the company earned $7.09 earnings per share. Analysts expect that Amazon.com, Inc. will post 20.08 earnings per share for the current year.

About Amazon.com

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.

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

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