Tiemann Investment Advisors LLC Has $1.70 Million Stake in Amazon.com, Inc. (NASDAQ:AMZN)

Tiemann Investment Advisors LLC lifted its stake in shares of Amazon.com, Inc. (NASDAQ:AMZN) by 3.1% during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 900 shares of the e-commerce giant’s stock after purchasing an additional 27 shares during the period. Amazon.com makes up about 1.2% of Tiemann Investment Advisors LLC’s investment portfolio, making the stock its 15th biggest position. Tiemann Investment Advisors LLC’s holdings in Amazon.com were worth $1,704,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds also recently made changes to their positions in the company. Gulf International Bank UK Ltd raised its stake in shares of Amazon.com by 0.5% during the second quarter. Gulf International Bank UK Ltd now owns 98,957 shares of the e-commerce giant’s stock worth $187,387,000 after buying an additional 480 shares during the last quarter. Weiss Asset Management LP bought a new stake in shares of Amazon.com during the first quarter worth approximately $214,000. Cornerstone Advisory LLC raised its stake in shares of Amazon.com by 50.0% during the second quarter. Cornerstone Advisory LLC now owns 1,374 shares of the e-commerce giant’s stock worth $2,602,000 after buying an additional 458 shares during the last quarter. RB Capital Management LLC raised its stake in shares of Amazon.com by 8.5% during the second quarter. RB Capital Management LLC now owns 1,339 shares of the e-commerce giant’s stock worth $2,536,000 after buying an additional 105 shares during the last quarter. Finally, Parkside Financial Bank & Trust raised its stake in shares of Amazon.com by 8.1% during the second quarter. Parkside Financial Bank & Trust now owns 924 shares of the e-commerce giant’s stock worth $1,749,000 after buying an additional 69 shares during the last quarter. Institutional investors own 55.92% of the company’s stock.

In related news, CEO Jeffrey A. Wilke sold 3,475 shares of the stock in a transaction on Thursday, August 15th. The shares were sold at an average price of $1,773.99, for a total transaction of $6,164,615.25. Following the completion of the transaction, the chief executive officer now owns 10,000 shares in the company, valued at $17,739,900. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CEO Jeffrey A. Wilke sold 2,500 shares of the stock in a transaction on Monday, August 26th. The stock was sold at an average price of $1,759.03, for a total transaction of $4,397,575.00. Following the transaction, the chief executive officer now owns 10,000 shares of the company’s stock, valued at approximately $17,590,300. The disclosure for this sale can be found here. Insiders have sold 27,714 shares of company stock valued at $51,174,807 in the last 90 days. 16.10% of the stock is currently owned by corporate insiders.

A number of equities research analysts recently weighed in on AMZN shares. Cowen set a $2,500.00 price target on shares of Amazon.com and gave the stock a “buy” rating in a research note on Monday, July 15th. Royal Bank of Canada reaffirmed an “outperform” rating and issued a $2,600.00 target price (up previously from $2,250.00) on shares of Amazon.com in a research note on Tuesday, September 3rd. William Blair reaffirmed an “outperform” rating on shares of Amazon.com in a research note on Friday, July 26th. KeyCorp reaffirmed an “overweight” rating and issued a $2,200.00 target price (up previously from $2,100.00) on shares of Amazon.com in a research note on Monday, July 22nd. Finally, Monness Crespi & Hardt set a $2,300.00 target price on shares of Amazon.com and gave the company a “buy” rating in a research note on Friday, July 19th. One research analyst has rated the stock with a sell rating, two have assigned a hold rating and forty-two have issued a buy rating to the company’s stock. The stock currently has a consensus rating of “Buy” and an average price target of $2,259.84.

AMZN traded down $7.30 during trading hours on Friday, hitting $1,836.25. 739,093 shares of the company’s stock were exchanged, compared to its average volume of 2,920,449. Amazon.com, Inc. has a 1-year low of $1,307.00 and a 1-year high of $2,035.80. The stock’s 50-day moving average is $1,820.31 and its two-hundred day moving average is $1,836.05. The stock has a market cap of $900.55 billion, a price-to-earnings ratio of 91.17, a PEG ratio of 2.35 and a beta of 1.57. The company has a quick ratio of 0.84, a current ratio of 1.10 and a debt-to-equity ratio of 0.44.

Amazon.com (NASDAQ:AMZN) last announced its earnings results on Thursday, July 25th. The e-commerce giant reported $5.22 EPS for the quarter, missing the Thomson Reuters’ 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 for the quarter, compared to analyst estimates of $62.59 billion. During the same quarter in the previous year, the company posted $5.07 EPS. The business’s revenue for the quarter was up 19.9% compared to the same quarter last year. On average, equities research analysts anticipate that Amazon.com, Inc. will post 24.01 EPS for the current year.

Amazon.com Company 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.

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

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