Worth Asset Management LLC Boosts Holdings in Amazon.com, Inc. (NASDAQ:AMZN)

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

A number of equities analysts have weighed in on the stock. Wolfe Research raised their target price on shares of Amazon.com from $140.00 to $170.00 and gave the company an “outperform” rating in a research note on Friday, July 29th. Mizuho reduced their price objective on Amazon.com from $197.50 to $155.00 and set a “buy” rating for the company in a research report on Thursday, July 21st. They noted that the move was a valuation call. Barclays boosted their target price on Amazon.com from $195.00 to $200.00 and gave the stock an “overweight” rating in a report on Friday, July 29th. Credit Suisse Group reduced their price target on Amazon.com from $185.00 to $170.00 and set an “outperform” rating for the company in a report on Tuesday, July 26th. Finally, DA Davidson reiterated a “buy” rating and issued a $151.00 price target on shares of Amazon.com in a research note on Friday, August 5th. Two analysts have rated the stock with a sell rating, two have issued a hold rating and thirty-six have assigned a buy rating to the company. According to data from MarketBeat, Amazon.com currently has an average rating of “Moderate Buy” and an average price target of $176.61.

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:AMZNGet 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 Profile

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

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