Amazon.com, Inc. (NASDAQ:AMZN) is Highlander Capital Management LLC’s 8th Largest Position

Highlander Capital Management LLC lowered its stake in shares of Amazon.com, Inc. (NASDAQ:AMZN) by 0.4% in the second quarter, Holdings Channel reports. The institutional investor owned 1,245 shares of the e-commerce giant’s stock after selling 5 shares during the quarter. Amazon.com accounts for approximately 2.2% of Highlander Capital Management LLC’s portfolio, making the stock its 8th biggest position. Highlander Capital Management LLC’s holdings in Amazon.com were worth $3,435,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors and hedge funds also recently bought and sold shares of the company. Woodstock Corp lifted its holdings in shares of Amazon.com by 2.2% in the 2nd quarter. Woodstock Corp now owns 182 shares of the e-commerce giant’s stock worth $502,000 after purchasing an additional 4 shares during the last quarter. RVW Wealth LLC increased its position in Amazon.com by 0.9% in the second quarter. RVW Wealth LLC now owns 465 shares of the e-commerce giant’s stock worth $1,283,000 after buying an additional 4 shares during the period. Indiana Trust & Investment Management CO lifted its stake in Amazon.com by 1.0% in the second quarter. Indiana Trust & Investment Management CO now owns 390 shares of the e-commerce giant’s stock valued at $1,076,000 after buying an additional 4 shares during the last quarter. Peterson Wealth Advisors LLC lifted its stake in Amazon.com by 1.7% in the second quarter. Peterson Wealth Advisors LLC now owns 243 shares of the e-commerce giant’s stock valued at $670,000 after buying an additional 4 shares during the last quarter. Finally, Wambolt & Associates LLC grew its position in shares of Amazon.com by 1.9% during the second quarter. Wambolt & Associates LLC now owns 214 shares of the e-commerce giant’s stock worth $590,000 after acquiring an additional 4 shares during the last quarter. 57.32% of the stock is currently owned by hedge funds and other institutional investors.

AMZN has been the subject of a number of analyst reports. Royal Bank of Canada reissued a “buy” rating on shares of Amazon.com in a research note on Monday, August 3rd. Oppenheimer boosted their price objective on Amazon.com from $2,700.00 to $3,500.00 and gave the stock an “outperform” rating in a research report on Friday, July 31st. Pivotal Research restated a “buy” rating on shares of Amazon.com in a research report on Friday, July 31st. Bank of America lifted their target price on Amazon.com from $3,000.00 to $3,280.00 and gave the company a “buy” rating in a research note on Monday, July 27th. Finally, Jefferies Financial Group reissued a “buy” rating on shares of Amazon.com in a research note on Wednesday, September 9th. Six investment analysts have rated the stock with a hold rating and forty-seven have assigned a buy rating to the company. Amazon.com currently has an average rating of “Buy” and an average target price of $3,291.50.

In related news, CEO Jeffrey A. Wilke sold 750 shares of the firm’s stock in a transaction on Monday, August 24th. The shares were sold at an average price of $3,304.28, for a total value of $2,478,210.00. Following the transaction, the chief executive officer now directly owns 10,000 shares in the company, valued at approximately $33,042,800. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, Director Indra K. Nooyi bought 27 shares of the company’s stock in a transaction that occurred on Wednesday, July 1st. The stock was purchased at an average price of $2,806.80 per share, for a total transaction of $75,783.60. Following the acquisition, the director now directly owns 707 shares in the company, valued at $1,984,407.60. The disclosure for this purchase can be found here. Insiders have sold 102,815 shares of company stock valued at $324,095,003 in the last ninety days. Company insiders own 16.10% of the company’s stock.

NASDAQ AMZN traded down $8.88 during trading on Wednesday, hitting $3,147.25. 35,168 shares of the company traded hands, compared to its average volume of 4,676,850. Amazon.com, Inc. has a 12 month low of $1,626.03 and a 12 month high of $3,552.25. The business has a fifty day simple moving average of $3,230.98 and a 200 day simple moving average of $2,603.18. The company has a market capitalization of $1,580.87 billion, a P/E ratio of 121.34, a PEG ratio of 3.23 and a beta of 1.32. The company has a current ratio of 1.18, a quick ratio of 0.97 and a debt-to-equity ratio of 0.45.

Amazon.com (NASDAQ:AMZN) last issued its quarterly earnings data on Thursday, July 30th. The e-commerce giant reported $10.30 EPS for the quarter, beating the Zacks’ consensus estimate of $1.74 by $8.56. Amazon.com had a return on equity of 20.47% and a net margin of 4.10%. The business had revenue of $88.91 billion for the quarter, compared to analyst estimates of $81.56 billion. Equities research analysts predict that Amazon.com, Inc. will post 31.92 EPS for the current fiscal 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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