Altus Wealth Group LLC Has $1.46 Million Stock Holdings in Amazon.com, Inc. (NASDAQ:AMZN)

Altus Wealth Group LLC trimmed its stake in Amazon.com, Inc. (NASDAQ:AMZN) by 1.3% in the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 11,229 shares of the e-commerce giant’s stock after selling 143 shares during the quarter. Amazon.com comprises about 0.9% of Altus Wealth Group LLC’s holdings, making the stock its 27th biggest position. Altus Wealth Group LLC’s holdings in Amazon.com were worth $1,464,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other large investors have also bought and sold shares of the stock. Leonard Rickey Investment Advisors P.L.L.C. grew its holdings in shares of Amazon.com by 2.5% during the second quarter. Leonard Rickey Investment Advisors P.L.L.C. now owns 11,645 shares of the e-commerce giant’s stock valued at $1,518,000 after buying an additional 288 shares during the last quarter. ANTIPODES PARTNERS Ltd acquired a new position in shares of Amazon.com during the second quarter valued at about $123,733,000. Meitav Investment House Ltd. grew its holdings in shares of Amazon.com by 3.3% during the second quarter. Meitav Investment House Ltd. now owns 636,652 shares of the e-commerce giant’s stock valued at $81,543,000 after buying an additional 20,574 shares during the last quarter. Golden State Equity Partners grew its holdings in shares of Amazon.com by 162.4% during the second quarter. Golden State Equity Partners now owns 47,315 shares of the e-commerce giant’s stock valued at $6,168,000 after buying an additional 29,281 shares during the last quarter. Finally, Wilkinson Global Asset Management LLC grew its holdings in shares of Amazon.com by 3.1% during the second quarter. Wilkinson Global Asset Management LLC now owns 259,635 shares of the e-commerce giant’s stock valued at $33,846,000 after buying an additional 7,860 shares during the last quarter. 57.96% of the stock is currently owned by institutional investors and hedge funds.

Amazon.com Price Performance

Shares of NASDAQ:AMZN opened at $143.20 on Thursday. The company has a 50 day moving average of $133.48 and a 200 day moving average of $129.01. The stock has a market cap of $1.48 trillion, a P/E ratio of 74.20, a P/E/G ratio of 1.92 and a beta of 1.17. Amazon.com, Inc. has a 12 month low of $81.43 and a 12 month high of $147.29. The company has a current ratio of 0.98, a quick ratio of 0.74 and a debt-to-equity ratio of 0.33.

Insider Activity at Amazon.com

In related news, CEO Andrew R. Jassy sold 21,933 shares of the business’s stock in a transaction that occurred on Monday, August 21st. The shares were sold at an average price of $133.92, for a total transaction of $2,937,267.36. Following the completion of the transaction, the chief executive officer now owns 2,030,868 shares of the company’s stock, valued at $271,973,842.56. The sale was disclosed in a filing with the SEC, which is available through this hyperlink. In other Amazon.com news, CEO Andrew R. Jassy sold 21,933 shares of the business’s stock in a transaction that occurred on Monday, August 21st. The shares were sold at an average price of $133.92, for a total value of $2,937,267.36. Following the completion of the transaction, the chief executive officer now owns 2,030,868 shares of the company’s stock, valued at approximately $271,973,842.56. The transaction was disclosed in a filing with the SEC, which is available through this link. Also, CEO Adam Selipsky sold 500 shares of the business’s stock in a transaction that occurred on Thursday, October 5th. The stock was sold at an average price of $126.64, for a total transaction of $63,320.00. Following the completion of the transaction, the chief executive officer now directly owns 105,520 shares of the company’s stock, valued at approximately $13,363,052.80. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 112,089 shares of company stock valued at $15,479,976. Corporate insiders own 12.70% of the company’s stock.

Analyst Upgrades and Downgrades

AMZN has been the subject of a number of analyst reports. Evercore ISI lifted their price objective on shares of Amazon.com from $150.00 to $190.00 and gave the company an “outperform” rating in a report on Friday, August 4th. StockNews.com raised shares of Amazon.com from a “hold” rating to a “buy” rating in a research report on Wednesday, November 1st. TD Cowen raised their price target on shares of Amazon.com from $150.00 to $165.00 and gave the company an “outperform” rating in a research report on Friday, August 4th. TheStreet raised shares of Amazon.com from a “c+” rating to a “b-” rating in a research report on Friday, October 27th. Finally, Wells Fargo & Company reissued an “overweight” rating and set a $165.00 price target on shares of Amazon.com in a research report on Tuesday, October 10th. Two analysts have rated the stock with a hold rating and forty-four have assigned a buy rating to the company’s stock. According to data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $168.93.

Amazon.com Profile

Amazon.com, Inc engages in the retail sale of consumer products and subscriptions through online and physical stores in North America and internationally. It operates through three segments: North America, International, and Amazon Web Services (AWS). The company's products offered through its stores include merchandise and content purchased for resale; and products offered by third-party sellers.