Prevail Innovative Wealth Advisors LLC boosted its stake in shares of Amazon.com, Inc. (NASDAQ:AMZN – Free Report) by 663.4% in the second quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 17,788 shares of the e-commerce giant’s stock after purchasing an additional 15,458 shares during the quarter. Amazon.com comprises 1.2% of Prevail Innovative Wealth Advisors LLC’s portfolio, making the stock its 18th largest holding. Prevail Innovative Wealth Advisors LLC’s holdings in Amazon.com were worth $3,438,000 as of its most recent filing with the Securities & Exchange Commission.
A number of other large investors have also recently added to or reduced their stakes in AMZN. Vanguard Group Inc. boosted its position in Amazon.com by 1.9% during the first quarter. Vanguard Group Inc. now owns 785,811,114 shares of the e-commerce giant’s stock worth $141,744,609,000 after purchasing an additional 14,724,687 shares during the period. Swedbank AB bought a new stake in shares of Amazon.com in the first quarter valued at approximately $2,239,757,000. Capital World Investors boosted its position in shares of Amazon.com by 64.6% in the first quarter. Capital World Investors now owns 29,359,677 shares of the e-commerce giant’s stock valued at $5,295,899,000 after acquiring an additional 11,524,463 shares during the period. Capital Research Global Investors boosted its position in shares of Amazon.com by 8.5% in the first quarter. Capital Research Global Investors now owns 86,982,857 shares of the e-commerce giant’s stock valued at $15,689,968,000 after acquiring an additional 6,810,145 shares during the period. Finally, Global Assets Advisory LLC boosted its position in shares of Amazon.com by 30,350.2% in the first quarter. Global Assets Advisory LLC now owns 6,531,569 shares of the e-commerce giant’s stock valued at $1,178,164,000 after acquiring an additional 6,510,119 shares during the period. Institutional investors own 72.20% of the company’s stock.
Amazon.com Price Performance
Amazon.com stock opened at $188.82 on Monday. The business’s 50-day simple moving average is $179.58 and its 200 day simple moving average is $183.19. The stock has a market cap of $1.98 trillion, a price-to-earnings ratio of 45.17, a P/E/G ratio of 1.38 and a beta of 1.14. Amazon.com, Inc. has a 12-month low of $118.35 and a 12-month high of $201.20. The company has a quick ratio of 0.88, a current ratio of 1.10 and a debt-to-equity ratio of 0.23.
Insider Activity at Amazon.com
In other Amazon.com news, SVP David Zapolsky sold 2,190 shares of the firm’s stock in a transaction dated Tuesday, September 24th. The stock was sold at an average price of $195.00, for a total transaction of $427,050.00. Following the transaction, the senior vice president now owns 62,420 shares in the company, valued at approximately $12,171,900. This trade represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. In other Amazon.com news, SVP David Zapolsky sold 2,190 shares of the firm’s stock in a transaction dated Tuesday, September 24th. The stock was sold at an average price of $195.00, for a total transaction of $427,050.00. Following the transaction, the senior vice president now owns 62,420 shares in the company, valued at approximately $12,171,900. This trade represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CEO Douglas J. Herrington sold 3,500 shares of the firm’s stock in a transaction dated Thursday, August 1st. The stock was sold at an average price of $189.25, for a total value of $662,375.00. Following the transaction, the chief executive officer now owns 503,753 shares in the company, valued at approximately $95,335,255.25. This trade represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 54,355 shares of company stock worth $9,877,423 over the last 90 days. Insiders own 10.80% of the company’s stock.
Wall Street Analysts Forecast Growth
Several equities research analysts have recently weighed in on AMZN shares. Wells Fargo & Company cut Amazon.com from an “overweight” rating to an “equal weight” rating and reduced their price objective for the company from $225.00 to $183.00 in a research report on Monday, October 7th. Sanford C. Bernstein increased their price objective on Amazon.com from $210.00 to $215.00 and gave the company an “outperform” rating in a research report on Monday, July 22nd. The Goldman Sachs Group reduced their price objective on Amazon.com from $250.00 to $230.00 and set a “buy” rating for the company in a research report on Friday, August 2nd. Rosenblatt Securities increased their price objective on Amazon.com from $220.00 to $221.00 and gave the company a “buy” rating in a research report on Friday, August 2nd. Finally, TD Cowen upped their target price on Amazon.com from $225.00 to $245.00 and gave the company a “buy” rating in a research note on Wednesday, July 10th. Two investment analysts have rated the stock with a hold rating, forty-two have given a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average target price of $224.00.
Check Out Our Latest Stock Analysis on Amazon.com
Amazon.com Company Profile
Amazon.com, Inc engages in the retail sale of consumer products, advertising, and subscriptions service through online and physical stores in North America and internationally. The company operates through three segments: North America, International, and Amazon Web Services (AWS). It also manufactures and sells electronic devices, including Kindle, Fire tablets, Fire TVs, Echo, Ring, Blink, and eero; and develops and produces media content.
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