Amazon.com, Inc. (NASDAQ:AMZN) Shares Bought by Wealth Management Solutions LLC

Wealth Management Solutions LLC grew its stake in shares of Amazon.com, Inc. (NASDAQ:AMZN) by 2,083.3% during the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 2,620 shares of the e-commerce giant’s stock after purchasing an additional 2,500 shares during the quarter. Wealth Management Solutions LLC’s holdings in Amazon.com were worth $278,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in AMZN. Horst & Graben Wealth Management LLC increased its holdings in shares of Amazon.com by 2,083.2% in the 2nd quarter. Horst & Graben Wealth Management LLC now owns 2,205 shares of the e-commerce giant’s stock valued at $234,000 after acquiring an additional 2,104 shares during the period. Blue Chip Partners Inc. increased its holdings in shares of Amazon.com by 278.0% in the 2nd quarter. Blue Chip Partners Inc. now owns 19,185 shares of the e-commerce giant’s stock valued at $2,038,000 after acquiring an additional 14,110 shares during the period. Sage Private Wealth Group LLC increased its holdings in shares of Amazon.com by 1,790.7% in the 2nd quarter. Sage Private Wealth Group LLC now owns 3,460 shares of the e-commerce giant’s stock valued at $367,000 after acquiring an additional 3,277 shares during the period. Graypoint LLC increased its holdings in shares of Amazon.com by 1,656.8% in the 2nd quarter. Graypoint LLC now owns 29,936 shares of the e-commerce giant’s stock valued at $3,180,000 after acquiring an additional 28,232 shares during the period. Finally, Castle Wealth Management LLC acquired a new position in shares of Amazon.com in the 2nd quarter valued at $1,574,000. Institutional investors and hedge funds own 57.15% of the company’s stock.

Wall Street Analyst Weigh In

A number of equities analysts have recently commented on the stock. JMP Securities cut their target price on shares of Amazon.com from $150.00 to $140.00 and set an “outperform” rating on the stock in a report on Friday, October 28th. Morgan Stanley dropped their price objective on shares of Amazon.com from $175.00 to $140.00 and set an “overweight” rating on the stock in a research note on Friday, October 28th. Monness Crespi & Hardt dropped their price objective on shares of Amazon.com from $172.00 to $136.00 and set a “buy” rating on the stock in a research note on Friday, October 28th. Credit Suisse Group dropped their price objective on shares of Amazon.com from $159.00 to $142.00 and set an “outperform” rating on the stock in a research note on Friday, October 28th. Finally, Barclays dropped their price objective on shares of Amazon.com from $200.00 to $140.00 and set an “overweight” rating on the stock in a research note on Friday, October 28th. Two research analysts have rated the stock with a sell rating, two have issued a hold rating and forty-one have issued a buy rating to the company. According to MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus price target of $151.91.

Insider Buying and Selling

In related news, CEO Adam Selipsky sold 345 shares of the stock in a transaction that occurred on Tuesday, November 1st. The shares were sold at an average price of $102.00, for a total transaction of $35,190.00. Following the completion of the sale, the chief executive officer now owns 112,795 shares of the company’s stock, valued at approximately $11,505,090. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. In related news, CEO Adam Selipsky sold 345 shares of the stock in a transaction that occurred on Tuesday, November 1st. The shares were sold at an average price of $102.00, for a total transaction of $35,190.00. Following the completion of the sale, the chief executive officer now owns 112,795 shares of the company’s stock, valued at approximately $11,505,090. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, major shareholder Amazon Com Inc sold 250,000 shares of the stock in a transaction that occurred on Friday, October 7th. The stock was sold at an average price of $23.61, for a total transaction of $5,902,500.00. Following the sale, the insider now directly owns 14,178,445 shares of the company’s stock, valued at approximately $334,753,086.45. The disclosure for this sale can be found here. In the last quarter, insiders sold 298,393 shares of company stock valued at $12,497,340. 12.70% of the stock is currently owned by corporate insiders.

Amazon.com Trading Up 4.3 %

NASDAQ AMZN opened at $100.79 on Monday. Amazon.com, Inc. has a 12 month low of $85.87 and a 12 month high of $188.11. The company has a 50-day moving average of $113.93 and a 200-day moving average of $118.21. The company has a debt-to-equity ratio of 0.43, a current ratio of 0.94 and a quick ratio of 0.68. The company has a market cap of $1.03 trillion, a P/E ratio of 92.51, a P/E/G ratio of 7.67 and a beta of 1.23.

Amazon.com (NASDAQ:AMZNGet Rating) last posted its quarterly earnings data on Thursday, October 27th. The e-commerce giant reported $0.28 EPS for the quarter, beating analysts’ consensus estimates of $0.22 by $0.06. Amazon.com had a net margin of 2.25% and a return on equity of 14.44%. The company had revenue of $127.10 billion during the quarter, compared to the consensus estimate of $127.47 billion. During the same quarter in the prior year, the company posted $0.31 EPS. The company’s quarterly revenue was up 14.7% compared to the same quarter last year. As a group, equities analysts predict that Amazon.com, Inc. will post 0.62 earnings per share for the current year.

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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