Worth Asset Management LLC lifted its stake in shares of Amazon.com, Inc. (NASDAQ:AMZN) by 1,922.5% during the 2nd quarter, Holdings Channel.com reports. The institutional investor owned 1,800 shares of the e-commerce giant’s stock after buying an additional 1,711 shares during the period. Worth Asset Management LLC’s holdings in Amazon.com were worth $190,000 at the end of the most recent quarter.
A number of other institutional investors also recently bought and sold shares of AMZN. Pure Financial Advisors LLC grew its stake in Amazon.com by 2,557.9% in the second quarter. Pure Financial Advisors LLC now owns 25,330 shares of the e-commerce giant’s stock worth $2,690,000 after purchasing an additional 24,377 shares during the period. ACT Wealth Management LLC boosted its holdings in shares of Amazon.com by 1,914.8% during the 2nd quarter. ACT Wealth Management LLC now owns 2,720 shares of the e-commerce giant’s stock valued at $289,000 after buying an additional 2,585 shares in the last quarter. Wealth Alliance Advisory Group LLC grew its position in shares of Amazon.com by 2,042.8% in the 2nd quarter. Wealth Alliance Advisory Group LLC now owns 17,207 shares of the e-commerce giant’s stock worth $1,828,000 after buying an additional 16,404 shares during the period. Taylor & Morgan Wealth Management LLC increased its stake in shares of Amazon.com by 2,146.7% in the 2nd quarter. Taylor & Morgan Wealth Management LLC now owns 22,759 shares of the e-commerce giant’s stock worth $2,417,000 after acquiring an additional 21,746 shares in the last quarter. Finally, Covington Capital Management lifted its position in Amazon.com by 1,972.9% during the 2nd quarter. Covington Capital Management now owns 414,270 shares of the e-commerce giant’s stock valued at $44,000,000 after acquiring an additional 394,285 shares during the period. 57.15% of the stock is owned by institutional investors.
Insider Transactions at Amazon.com
In related news, VP Shelley Reynolds sold 3,480 shares of Amazon.com stock in a transaction that occurred on Monday, August 22nd. The stock was sold at an average price of $134.23, for a total transaction of $467,120.40. Following the sale, the vice president now owns 119,780 shares of the company’s stock, valued at approximately $16,078,069.40. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. In related news, VP Shelley Reynolds sold 3,480 shares of the company’s stock in a transaction on Monday, August 22nd. The shares were sold at an average price of $134.23, for a total transaction of $467,120.40. Following the completion of the transaction, the vice president now owns 119,780 shares in the company, valued at $16,078,069.40. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, CEO Andrew R. Jassy sold 23,620 shares of Amazon.com stock in a transaction on Monday, August 15th. The shares were sold at an average price of $142.29, for a total transaction of $3,360,889.80. Following the completion of the sale, the chief executive officer now owns 1,892,000 shares in the company, valued at $269,212,680. The disclosure for this sale can be found here. Insiders sold a total of 70,628 shares of company stock valued at $9,802,599 over the last 90 days. Company insiders own 12.70% of the company’s stock.
Analyst Ratings Changes
Amazon.com Trading Up 0.9 %
Amazon.com stock opened at $124.66 on Tuesday. Amazon.com, Inc. has a 12-month low of $101.26 and a 12-month high of $188.11. The firm has a market capitalization of $1.27 trillion, a price-to-earnings ratio of 111.75, a P/E/G ratio of 5.51 and a beta of 1.33. The firm has a 50 day moving average of $129.52 and a 200 day moving average of $130.59. The company has a current ratio of 0.95, a quick ratio of 0.68 and a debt-to-equity ratio of 0.44.
Amazon.com (NASDAQ:AMZN – Get Rating) last announced its quarterly earnings data on Thursday, July 28th. The e-commerce giant reported ($0.20) EPS for the quarter, missing the consensus estimate of $0.15 by ($0.35). Amazon.com had a net margin of 2.39% and a return on equity of 15.79%. The firm had revenue of $121.23 billion for the quarter, compared to the consensus estimate of $119.16 billion. During the same quarter in the previous year, the business earned $0.76 earnings per share. The firm’s revenue for the quarter was up 7.2% on a year-over-year basis. As a group, research analysts predict that Amazon.com, Inc. will post 0.99 earnings per share for the current year.
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). It sells merchandise and content purchased for resale from third-party sellers through physical and online stores.
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