Ascent Wealth Partners LLC Boosts Stock Holdings in Amazon.com, Inc. (NASDAQ:AMZN)

Ascent Wealth Partners LLC boosted its position in Amazon.com, Inc. (NASDAQ:AMZN) by 6.0% during the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 38,848 shares of the e-commerce giant’s stock after purchasing an additional 2,200 shares during the period. Ascent Wealth Partners LLC’s holdings in Amazon.com were worth $5,058,000 as of its most recent SEC filing.

Several other institutional investors have also bought and sold shares of AMZN. Bridgefront Capital LLC purchased a new stake in shares of Amazon.com during the first quarter worth $228,000. Krane Funds Advisors LLC lifted its position in shares of Amazon.com by 239.1% during the first quarter. Krane Funds Advisors LLC now owns 78 shares of the e-commerce giant’s stock worth $254,000 after acquiring an additional 55 shares in the last quarter. Range Financial Group LLC bought a new position in shares of Amazon.com in the first quarter worth $258,000. My Personal CFO LLC bought a new position in shares of Amazon.com in the first quarter worth $261,000. Finally, Worth Asset Management LLC bought a new position in shares of Amazon.com in the first quarter worth $191,000. Hedge funds and other institutional investors own 57.96% of the company’s stock.

Amazon.com Price Performance

Shares of NASDAQ AMZN opened at $146.13 on Tuesday. The company has a market capitalization of $1.51 trillion, a price-to-earnings ratio of 75.72, a P/E/G ratio of 1.93 and a beta of 1.17. The company has a debt-to-equity ratio of 0.33, a quick ratio of 0.74 and a current ratio of 0.98. The company has a 50 day simple moving average of $133.78 and a two-hundred day simple moving average of $130.06. Amazon.com, Inc. has a fifty-two week low of $81.43 and a fifty-two week high of $147.29.

Amazon.com (NASDAQ:AMZN) last announced its quarterly earnings results on Thursday, October 26th. The e-commerce giant reported $0.85 earnings per share for the quarter, beating the consensus estimate of $0.58 by $0.27. The company had revenue of $143.08 billion during the quarter, compared to the consensus estimate of $141.53 billion. Amazon.com had a net margin of 3.62% and a return on equity of 12.75%. Analysts expect that Amazon.com, Inc. will post 2.6 EPS for the current fiscal year.

Insider Activity at Amazon.com

In related news, CEO Adam Selipsky sold 500 shares of the firm’s stock in a transaction that occurred on Wednesday, September 20th. The shares were sold at an average price of $138.48, for a total transaction of $69,240.00. Following the completion of the sale, the chief executive officer now owns 106,520 shares of the company’s stock, valued at $14,750,889.60. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. In related news, CEO Adam Selipsky sold 500 shares of the firm’s stock in a transaction that occurred on Wednesday, September 20th. The shares were sold at an average price of $138.48, for a total transaction of $69,240.00. Following the completion of the sale, the chief executive officer now owns 106,520 shares of the company’s stock, valued at $14,750,889.60. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, CEO Douglas J. Herrington sold 4,000 shares of Amazon.com stock in a transaction that occurred on Friday, September 1st. The stock was sold at an average price of $139.48, for a total transaction of $557,920.00. Following the completion of the sale, the chief executive officer now directly owns 526,316 shares of the company’s stock, valued at approximately $73,410,555.68. The disclosure for this sale can be found here. Insiders sold 67,572 shares of company stock valued at $9,639,169 over the last 90 days. Corporate insiders own 12.30% of the company’s stock.

Analyst Ratings Changes

A number of research analysts recently commented on AMZN shares. Bank of America reissued a “buy” rating and issued a $174.00 target price on shares of Amazon.com in a research note on Tuesday, September 26th. Citigroup increased their target price on Amazon.com from $145.00 to $167.00 and gave the company a “buy” rating in a research note on Friday, August 4th. Morgan Stanley reissued an “overweight” rating and issued a $175.00 target price on shares of Amazon.com in a research note on Monday, October 2nd. JMP Securities reissued a “market outperform” rating and issued a $175.00 target price on shares of Amazon.com in a research note on Monday, October 16th. Finally, HSBC assumed coverage on Amazon.com in a research note on Thursday, November 2nd. They issued a “buy” rating and a $160.00 target price on the stock. One analyst has rated the stock with a hold rating and forty-four have issued a buy rating to the company’s stock. According to data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $168.93.

Amazon.com Company 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.