Amazon.com, Inc. (NASDAQ:AMZN) Stake Raised by 180 Wealth Advisors LLC

180 Wealth Advisors LLC grew its stake in shares of Amazon.com, Inc. (NASDAQ:AMZNGet Rating) by 2,011.2% during the 2nd quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 95,214 shares of the e-commerce giant’s stock after purchasing an additional 90,704 shares during the period. Amazon.com makes up about 2.7% of 180 Wealth Advisors LLC’s holdings, making the stock its 3rd largest position. 180 Wealth Advisors LLC’s holdings in Amazon.com were worth $10,432,000 as of its most recent filing with the SEC.

Other institutional investors also recently made changes to their positions in the company. Gibson Wealth Advisors LLC purchased a new stake in shares of Amazon.com in the 4th quarter worth about $33,000. MBM Wealth Consultants LLC boosted its position in shares of Amazon.com by 57.1% in the 4th quarter. MBM Wealth Consultants LLC now owns 11 shares of the e-commerce giant’s stock worth $37,000 after buying an additional 4 shares in the last quarter. Swaine & Leidel Wealth Services LLC purchased a new stake in shares of Amazon.com in the 1st quarter worth about $38,000. William Allan LLC purchased a new stake in shares of Amazon.com in the 4th quarter worth about $47,000. Finally, Cardinal Capital Management Inc. purchased a new stake in shares of Amazon.com in the 1st quarter worth about $49,000. 57.15% of the stock is currently owned by hedge funds and other institutional investors.

Insider Activity at Amazon.com

In related news, VP Shelley Reynolds sold 3,480 shares of the company’s 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 directly owns 119,780 shares of the company’s stock, valued at approximately $16,078,069.40. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. In related news, VP Shelley Reynolds sold 3,480 shares of the company’s 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 directly owns 119,780 shares of the company’s stock, valued at approximately $16,078,069.40. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, CEO Adam Selipsky sold 520 shares of the company’s stock in a transaction that occurred on Wednesday, September 14th. The shares were sold at an average price of $127.43, for a total value of $66,263.60. Following the sale, the chief executive officer now directly owns 115,680 shares in the company, valued at $14,741,102.40. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 70,628 shares of company stock valued at $9,802,599. Corporate insiders own 12.70% of the company’s stock.

Amazon.com Stock Performance

Amazon.com stock opened at $122.19 on Wednesday. The stock has a market cap of $1.24 trillion, a P/E ratio of 109.54, a price-to-earnings-growth ratio of 5.51 and a beta of 1.33. The company has a current ratio of 0.95, a quick ratio of 0.68 and a debt-to-equity ratio of 0.44. The stock has a 50 day moving average of $129.77 and a 200-day moving average of $130.45. Amazon.com, Inc. has a 52 week low of $101.26 and a 52 week high of $188.11.

Amazon.com (NASDAQ:AMZNGet Rating) last released its earnings results 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). The business had revenue of $121.23 billion for the quarter, compared to analysts’ expectations of $119.16 billion. Amazon.com had a net margin of 2.39% and a return on equity of 15.79%. The business’s quarterly revenue was up 7.2% compared to the same quarter last year. During the same quarter last year, the company posted $0.76 earnings per share. On average, analysts expect that Amazon.com, Inc. will post 0.99 EPS for the current fiscal year.

Analysts Set New Price Targets

Several equities research analysts recently commented on the stock. Redburn Partners assumed coverage on shares of Amazon.com in a research report on Wednesday, June 29th. They issued a “buy” rating and a $270.00 price objective on the stock. Deutsche Bank Aktiengesellschaft decreased their price objective on shares of Amazon.com from $174.00 to $155.00 in a research report on Thursday, July 21st. JPMorgan Chase & Co. decreased their price objective on shares of Amazon.com from $200.00 to $175.00 and set an “overweight” rating on the stock in a research report on Wednesday, June 29th. Robert W. Baird reissued an “outperform” rating and issued a $150.00 target price on shares of Amazon.com in a research note on Wednesday, September 7th. Finally, Tigress Financial reissued a “buy” rating and issued a $232.00 target price on shares of Amazon.com in a research note on Wednesday, June 29th. Two research analysts have rated the stock with a sell rating, two have given a hold rating and thirty-six have issued a buy rating to the company. According to MarketBeat, Amazon.com presently has an average rating of “Moderate Buy” and an average target price of $176.61.

Amazon.com Company 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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