NBC Securities Inc. Purchases 5,496 Shares of Amazon.com, Inc. (NASDAQ:AMZN)

NBC Securities Inc. raised its holdings in shares of Amazon.com, Inc. (NASDAQ:AMZN - Free Report) by 8.4% in the second quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 71,177 shares of the e-commerce giant's stock after purchasing an additional 5,496 shares during the period. Amazon.com accounts for 1.3% of NBC Securities Inc.'s portfolio, making the stock its 6th largest position. NBC Securities Inc.'s holdings in Amazon.com were worth $13,754,000 as of its most recent SEC filing.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Vanguard Group Inc. boosted its holdings in Amazon.com by 1.9% during the first quarter. Vanguard Group Inc. now owns 785,811,114 shares of the e-commerce giant's stock worth $141,744,609,000 after buying an additional 14,724,687 shares in the last quarter. Norges Bank acquired a new stake in shares of Amazon.com during the 4th quarter worth about $17,700,551,000. Capital Research Global Investors raised its holdings in Amazon.com by 8.5% in the first quarter. Capital Research Global Investors now owns 86,982,857 shares of the e-commerce giant's stock valued at $15,689,968,000 after buying an additional 6,810,145 shares during the period. Jennison Associates LLC raised its stake in shares of Amazon.com by 0.5% during the first quarter. Jennison Associates LLC now owns 56,666,183 shares of the e-commerce giant's stock valued at $10,221,446,000 after purchasing an additional 295,132 shares during the period. Finally, Charles Schwab Investment Management Inc. boosted its holdings in Amazon.com by 3.0% in the fourth quarter. Charles Schwab Investment Management Inc. now owns 51,920,953 shares of the e-commerce giant's stock worth $7,888,870,000 after purchasing an additional 1,525,922 shares during the period. Hedge funds and other institutional investors own 72.20% of the company's stock.

Insiders Place Their Bets

In other news, CEO Douglas J. Herrington sold 3,500 shares of the company's stock in a transaction on Monday, June 3rd. The shares were sold at an average price of $177.29, for a total transaction of $620,515.00. Following the completion of the transaction, the chief executive officer now directly owns 523,253 shares in the company, valued at $92,767,524.37. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. In related news, CEO Douglas J. Herrington sold 3,500 shares of Amazon.com stock in a transaction that occurred on Monday, June 3rd. The shares were sold at an average price of $177.29, for a total value of $620,515.00. Following the sale, the chief executive officer now owns 523,253 shares of the company's stock, valued at approximately $92,767,524.37. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, SVP David Zapolsky sold 4,710 shares of the business's stock in a transaction on Thursday, June 27th. The shares were sold at an average price of $195.00, for a total transaction of $918,450.00. Following the transaction, the senior vice president now owns 59,500 shares of the company's stock, valued at $11,602,500. The disclosure for this sale can be found here. Insiders have sold a total of 6,059,152 shares of company stock valued at $1,212,453,840 over the last 90 days. 10.80% of the stock is currently owned by insiders.

Wall Street Analysts Forecast Growth

Several equities research analysts have commented on the stock. Rosenblatt Securities boosted their price target on shares of Amazon.com from $220.00 to $221.00 and gave the stock a "buy" rating in a research report on Friday, August 2nd. Barclays increased their target price on Amazon.com from $220.00 to $235.00 and gave the company an "overweight" rating in a research note on Friday, August 2nd. BMO Capital Markets raised their price target on Amazon.com from $220.00 to $230.00 and gave the company an "outperform" rating in a research note on Thursday, July 25th. Stifel Nicolaus decreased their price target on Amazon.com from $228.00 to $224.00 and set a "buy" rating on the stock in a research note on Friday, August 2nd. Finally, Itau BBA Securities lowered Amazon.com from an "outperform" rating to a "market perform" rating and set a $186.00 price target on the stock. in a report on Friday, August 2nd. One investment analyst has rated the stock with a hold rating, forty have given a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat.com, the company currently has a consensus rating of "Buy" and an average price target of $221.69.

Amazon.com Price Performance

Shares of AMZN traded up $0.66 during mid-day trading on Tuesday, reaching $178.88. The company had a trading volume of 26,201,853 shares, compared to its average volume of 43,213,734. The company's 50-day moving average is $184.20 and its 200-day moving average is $180.89. Amazon.com, Inc. has a twelve month low of $118.35 and a twelve month high of $201.20. The company has a market capitalization of $1.86 trillion, a P/E ratio of 50.11, a P/E/G ratio of 1.32 and a beta of 1.15. The company has a debt-to-equity ratio of 0.27, a current ratio of 1.07 and a quick ratio of 0.87.

About Amazon.com

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.