Rooted Wealth Advisors Inc. lessened its stake in shares of Amazon.com, Inc. (NASDAQ:AMZN – Free Report) by 10.5% during the second quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 5,476 shares of the e-commerce giant’s stock after selling 643 shares during the quarter. Rooted Wealth Advisors Inc.’s holdings in Amazon.com were worth $714,000 at the end of the most recent reporting period.
A number of other large investors have also recently bought and sold shares of the stock. Laurel Wealth Planning LLC boosted its holdings in shares of Amazon.com by 1,900.0% during the second quarter. Laurel Wealth Planning LLC now owns 320 shares of the e-commerce giant’s stock worth $34,000 after purchasing an additional 304 shares during the last quarter. Sanctuary Wealth Management L.L.C. acquired a new position in Amazon.com in the fourth quarter valued at $37,000. Swaine & Leidel Wealth Services LLC acquired a new position in Amazon.com in the first quarter valued at $38,000. Atlantic Private Wealth LLC acquired a new position in Amazon.com in the first quarter valued at $43,000. Finally, Goodwin Investment Advisory boosted its holdings in Amazon.com by 1,225.8% in the second quarter. Goodwin Investment Advisory now owns 411 shares of the e-commerce giant’s stock valued at $44,000 after acquiring an additional 380 shares during the last quarter. Institutional investors and hedge funds own 57.96% of the company’s stock.
Amazon.com Price Performance
Shares of NASDAQ:AMZN opened at $142.83 on Friday. Amazon.com, Inc. has a 12 month low of $81.43 and a 12 month high of $147.29. The stock has a market cap of $1.48 trillion, a price-to-earnings ratio of 74.01, a PEG ratio of 1.92 and a beta of 1.17. The stock’s 50 day moving average price is $133.58 and its 200 day moving average price is $129.11. The company has a debt-to-equity ratio of 0.33, a current ratio of 0.98 and a quick ratio of 0.74.
Insider Buying and Selling
In other Amazon.com news, CEO Andrew R. Jassy sold 21,933 shares of the company’s stock in a transaction on Monday, August 21st. The stock was sold at an average price of $133.92, for a total value of $2,937,267.36. Following the transaction, the chief executive officer now owns 2,030,868 shares of the company’s stock, valued at $271,973,842.56. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. In other Amazon.com news, CEO Andrew R. Jassy sold 21,933 shares of the company’s stock in a transaction on Monday, August 21st. The stock was sold at an average price of $133.92, for a total value of $2,937,267.36. Following the transaction, the chief executive officer now owns 2,030,868 shares of the company’s stock, valued at $271,973,842.56. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, CEO Adam Selipsky sold 500 shares of the business’s stock in a transaction on Thursday, October 5th. The shares were sold at an average price of $126.64, for a total transaction of $63,320.00. Following the sale, the chief executive officer now directly owns 105,520 shares in the company, valued at $13,363,052.80. The disclosure for this sale can be found here. Insiders have sold a total of 112,089 shares of company stock valued at $15,479,976 over the last quarter. Corporate insiders own 12.70% of the company’s stock.
Analysts Set New Price Targets
A number of research analysts recently weighed in on AMZN shares. TD Cowen lifted their target price on Amazon.com from $150.00 to $165.00 and gave the company an “outperform” rating in a report on Friday, August 4th. Bank of America reiterated a “buy” rating and issued a $174.00 target price on shares of Amazon.com in a report on Tuesday, September 26th. UBS Group reduced their target price on Amazon.com from $180.00 to $178.00 and set a “buy” rating on the stock in a report on Tuesday, October 17th. Argus reissued a “buy” rating and issued a $165.00 price objective on shares of Amazon.com in a research report on Wednesday, September 27th. Finally, Stifel Nicolaus initiated coverage on Amazon.com in a research report on Tuesday, October 17th. They issued a “buy” rating and a $173.00 price objective on the stock. Two analysts have rated the stock with a hold rating and forty-four have assigned a buy rating to the company. Based on data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $168.93.
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.
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