WPWealth LLP decreased its position in Amazon.com, Inc. (NASDAQ:AMZN – Free Report) by 1.5% during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 5,203 shares of the e-commerce giant’s stock after selling 80 shares during the quarter. WPWealth LLP’s holdings in Amazon.com were worth $1,005,000 at the end of the most recent reporting period.
Several other hedge funds and other institutional investors have also recently modified their holdings of AMZN. Beacon Financial Group raised its stake in shares of Amazon.com by 7.5% in the 4th quarter. Beacon Financial Group now owns 21,861 shares of the e-commerce giant’s stock valued at $3,322,000 after purchasing an additional 1,521 shares during the period. Chicago Partners Investment Group LLC increased its position in shares of Amazon.com by 4.2% in the fourth quarter. Chicago Partners Investment Group LLC now owns 104,435 shares of the e-commerce giant’s stock valued at $16,383,000 after acquiring an additional 4,189 shares during the last quarter. TKG Advisors LLC increased its position in shares of Amazon.com by 86.2% in the fourth quarter. TKG Advisors LLC now owns 7,113 shares of the e-commerce giant’s stock valued at $1,081,000 after acquiring an additional 3,293 shares during the last quarter. Cim LLC acquired a new stake in shares of Amazon.com in the fourth quarter valued at about $15,817,000. Finally, Integrated Advisors Network LLC increased its position in shares of Amazon.com by 2.1% in the fourth quarter. Integrated Advisors Network LLC now owns 147,109 shares of the e-commerce giant’s stock valued at $22,352,000 after acquiring an additional 3,031 shares during the last quarter. Institutional investors and hedge funds own 72.20% of the company’s stock.
Wall Street Analyst Weigh In
AMZN has been the topic of a number of recent research reports. Maxim Group lifted their target price on Amazon.com from $238.00 to $251.00 and gave the company a “buy” rating in a research report on Friday, August 2nd. Wolfe Research initiated coverage on Amazon.com in a research report on Tuesday, July 16th. They issued an “outperform” rating and a $250.00 target price on the stock. Royal Bank of Canada reaffirmed an “outperform” rating and issued a $215.00 target price on shares of Amazon.com in a research report on Friday, August 2nd. JMP Securities reiterated a “market outperform” rating and set a $265.00 price target on shares of Amazon.com in a report on Friday, October 4th. Finally, JPMorgan Chase & Co. reduced their price target on Amazon.com from $240.00 to $230.00 and set an “overweight” rating for the company in a report on Friday, August 2nd. Two research analysts have rated the stock with a hold rating, forty-two have assigned a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat.com, Amazon.com currently has a consensus rating of “Moderate Buy” and a consensus price target of $224.00.
Amazon.com Stock Up 1.2 %
Shares of AMZN opened at $188.82 on Monday. Amazon.com, Inc. has a one year low of $118.35 and a one year high of $201.20. The company has a market cap of $1.98 trillion, a P/E ratio of 45.17, a P/E/G ratio of 1.38 and a beta of 1.14. The company has a debt-to-equity ratio of 0.23, a current ratio of 1.10 and a quick ratio of 0.88. The firm has a 50 day simple moving average of $179.58 and a two-hundred day simple moving average of $183.19.
Amazon.com (NASDAQ:AMZN – Get Free Report) last announced its quarterly earnings data on Thursday, August 1st. The e-commerce giant reported $1.23 EPS for the quarter, beating the consensus estimate of $1.05 by $0.18. Amazon.com had a net margin of 7.35% and a return on equity of 21.39%. The business had revenue of $147.98 billion during the quarter, compared to the consensus estimate of $148.63 billion. Research analysts forecast that Amazon.com, Inc. will post 4.85 EPS for the current fiscal year.
Insider Buying and Selling at Amazon.com
In other Amazon.com news, CEO Andrew R. Jassy sold 20,784 shares of the business’s stock in a transaction that occurred on Wednesday, August 21st. The shares were sold at an average price of $180.77, for a total transaction of $3,757,123.68. Following the completion of the transaction, the chief executive officer now directly owns 2,056,534 shares in the company, valued at $371,759,651.18. The trade was a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. In other news, CEO Andrew R. Jassy sold 20,784 shares of the company’s stock in a transaction on Wednesday, August 21st. The shares were sold at an average price of $180.77, for a total transaction of $3,757,123.68. Following the completion of the transaction, the chief executive officer now directly owns 2,056,534 shares in the company, valued at approximately $371,759,651.18. This 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, CFO Brian T. Olsavsky sold 14,600 shares of the company’s stock in a transaction on Wednesday, August 21st. The stock was sold at an average price of $180.00, for a total transaction of $2,628,000.00. Following the transaction, the chief financial officer now owns 49,000 shares of the company’s stock, valued at $8,820,000. This trade represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 54,355 shares of company stock worth $9,877,423 over the last three months. Corporate insiders own 10.80% of the company’s stock.
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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