Amazon.com, Inc. (NASDAQ:AMZN) is NorthCrest Asset Manangement LLC's 6th Largest Position

NorthCrest Asset Manangement LLC boosted its holdings in Amazon.com, Inc. (NASDAQ:AMZN - Free Report) by 1.8% in the second quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 293,331 shares of the e-commerce giant's stock after purchasing an additional 5,155 shares during the quarter. Amazon.com comprises 1.9% of NorthCrest Asset Manangement LLC's holdings, making the stock its 6th largest holding. NorthCrest Asset Manangement LLC's holdings in Amazon.com were worth $56,686,000 as of its most recent SEC filing.

A number of other hedge funds have also added to or reduced their stakes in AMZN. Cooksen Wealth LLC purchased a new position in shares of Amazon.com during the fourth quarter valued at approximately $30,000. Strid Group LLC purchased a new position in shares of Amazon.com during the fourth quarter valued at approximately $43,000. Clarity Asset Management Inc. purchased a new position in shares of Amazon.com during the fourth quarter valued at approximately $46,000. Steph & Co. purchased a new position in shares of Amazon.com during the first quarter valued at approximately $65,000. Finally, Advantage Trust Co purchased a new position in shares of Amazon.com during the fourth quarter valued at approximately $68,000. 72.20% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

AMZN has been the subject of several research reports. Jefferies Financial Group cut their price target on Amazon.com from $235.00 to $225.00 and set a "buy" rating for the company in a research note on Friday, August 2nd. Bank of America cut their price target on Amazon.com from $220.00 to $210.00 and set a "buy" rating for the company in a research note on Friday, August 2nd. Rosenblatt Securities increased their price target on Amazon.com from $220.00 to $221.00 and gave the stock a "buy" rating in a research note on Friday, August 2nd. TD Cowen increased their price target on Amazon.com from $225.00 to $245.00 and gave the stock a "buy" rating in a research note on Wednesday, July 10th. Finally, Truist Financial increased their price target on Amazon.com from $220.00 to $230.00 and gave the stock a "buy" rating in a research note on Monday, July 22nd. One investment analyst has rated the stock with a hold rating, forty have given a buy rating and one has assigned a strong buy rating to the company's stock. According to MarketBeat.com, the stock currently has a consensus rating of "Buy" and an average target price of $221.36.

Insider Buying and Selling

In related news, CEO Andrew R. Jassy sold 20,784 shares of the firm's stock in a transaction that occurred on Wednesday, August 21st. The stock was sold at an average price of $180.77, for a total transaction of $3,757,123.68. Following the transaction, the chief executive officer now directly owns 2,056,534 shares in the company, valued at approximately $371,759,651.18. The transaction was disclosed in a filing with the SEC, which is available through this hyperlink. In other news, CEO Andrew R. Jassy sold 20,784 shares of Amazon.com stock in a transaction that occurred on Wednesday, August 21st. The stock was sold at an average price of $180.77, for a total value of $3,757,123.68. Following the sale, the chief executive officer now directly owns 2,056,534 shares in the company, valued at approximately $371,759,651.18. The sale was disclosed in a filing with the SEC, which is available through this link. Also, CEO Douglas J. Herrington sold 3,500 shares of Amazon.com stock in a transaction that occurred on Monday, June 3rd. The stock was sold at an average price of $177.29, for a total value of $620,515.00. Following the completion of the sale, the chief executive officer now owns 523,253 shares in the company, valued at $92,767,524.37. The disclosure for this sale can be found here. Insiders have sold a total of 6,107,817 shares of company stock worth $1,221,241,837 in the last ninety days. 10.80% of the stock is owned by insiders.

Amazon.com Trading Up 0.8 %

AMZN traded up $1.32 on Thursday, hitting $172.12. 26,384,233 shares of the company were exchanged, compared to its average volume of 42,632,730. The firm has a fifty day simple moving average of $183.17 and a two-hundred day simple moving average of $181.01. The company has a debt-to-equity ratio of 0.27, a quick ratio of 0.87 and a current ratio of 1.07. Amazon.com, Inc. has a 12 month low of $118.35 and a 12 month high of $201.20. The stock has a market capitalization of $1.79 trillion, a PE ratio of 48.21, a price-to-earnings-growth ratio of 1.32 and a beta of 1.15.

Amazon.com (NASDAQ:AMZN - Get Free Report) last posted its quarterly earnings results on Thursday, August 1st. The e-commerce giant reported $1.23 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.05 by $0.18. Amazon.com had a return on equity of 22.35% and a net margin of 7.35%. The business had revenue of $147.98 billion for the quarter, compared to analyst estimates of $148.63 billion. Sell-side analysts expect that Amazon.com, Inc. will post 4.73 earnings per share for the current year.

Amazon.com Company Profile

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.