Wescott Financial Advisory Group LLC trimmed its position in shares of Amazon.com, Inc. (NASDAQ:AMZN) by 41.8% in the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 2,196 shares of the e-commerce giant’s stock after selling 1,579 shares during the period. Wescott Financial Advisory Group LLC’s holdings in Amazon.com were worth $424,000 as of its most recent SEC filing.
Other hedge funds and other institutional investors also recently made changes to their positions in the company. Clear Point Advisors Inc. lifted its position in shares of Amazon.com by 3.2% during the 2nd quarter. Clear Point Advisors Inc. now owns 5,176 shares of the e-commerce giant’s stock worth $1,000,000 after purchasing an additional 160 shares during the last quarter. Royal Capital Wealth Management LLC grew its holdings in Amazon.com by 2.3% in the 2nd quarter. Royal Capital Wealth Management LLC now owns 19,971 shares of the e-commerce giant’s stock valued at $3,859,000 after buying an additional 440 shares during the last quarter. Strata Wealth Advisors LLC increased its position in Amazon.com by 14.9% in the 2nd quarter. Strata Wealth Advisors LLC now owns 5,630 shares of the e-commerce giant’s stock worth $1,088,000 after buying an additional 731 shares during the period. K2 Principal Fund L.P. acquired a new position in shares of Amazon.com during the second quarter worth approximately $2,830,000. Finally, Semmax Financial Advisors Inc. boosted its position in shares of Amazon.com by 6.2% in the second quarter. Semmax Financial Advisors Inc. now owns 22,115 shares of the e-commerce giant’s stock valued at $4,274,000 after acquiring an additional 1,300 shares during the period. 72.20% of the stock is owned by institutional investors and hedge funds.
Amazon.com Stock Up 0.9 %
Shares of AMZN opened at $186.38 on Friday. The business’s fifty day moving average price is $183.11 and its two-hundred day moving average price is $183.54. The firm has a market capitalization of $1.94 trillion, a price-to-earnings ratio of 52.21, a PEG ratio of 1.38 and a beta of 1.14. Amazon.com, Inc. has a 52 week low of $118.35 and a 52 week high of $201.20. The company has a debt-to-equity ratio of 0.23, a quick ratio of 0.88 and a current ratio of 1.10.
Insider Buying and Selling at Amazon.com
In other news, SVP David Zapolsky sold 2,190 shares of Amazon.com stock in a transaction that occurred on Tuesday, September 24th. The shares were sold at an average price of $195.00, for a total transaction of $427,050.00. Following the completion of the sale, the senior vice president now owns 62,420 shares in the company, valued at $12,171,900. The trade was a 0.00 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. In other news, CEO Andrew R. Jassy sold 20,784 shares of the stock in a transaction on Wednesday, August 21st. The stock was sold at an average price of $180.77, for a total value of $3,757,123.68. Following the transaction, the chief executive officer now owns 2,056,534 shares of the company’s stock, valued at $371,759,651.18. This represents a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, SVP David Zapolsky sold 2,190 shares of Amazon.com stock in a transaction on Tuesday, September 24th. The stock was sold at an average price of $195.00, for a total value of $427,050.00. Following the sale, the senior vice president now directly owns 62,420 shares of the company’s stock, valued at approximately $12,171,900. This trade represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders have sold 54,355 shares of company stock worth $9,877,423. Company insiders own 10.80% of the company’s stock.
Analysts Set New Price Targets
AMZN has been the topic of a number of research reports. Cantor Fitzgerald reaffirmed an “overweight” rating and set a $230.00 target price on shares of Amazon.com in a research report on Monday, October 7th. Truist Financial boosted their price objective on shares of Amazon.com from $230.00 to $265.00 and gave the stock a “buy” rating in a report on Monday, September 30th. Needham & Company LLC reiterated a “buy” rating and issued a $210.00 target price on shares of Amazon.com in a research note on Thursday. Stifel Nicolaus lowered their price target on Amazon.com from $228.00 to $224.00 and set a “buy” rating on the stock in a research note on Friday, August 2nd. Finally, The Goldman Sachs Group cut their price target on Amazon.com from $250.00 to $230.00 and set a “buy” 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 given a buy rating and one has issued a strong buy rating to the company’s stock. According to MarketBeat, Amazon.com currently has a consensus rating of “Moderate Buy” and an average price target of $236.78.
Get Our Latest Stock Analysis on Amazon.com
Amazon.com 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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