Wilson & Boucher Capital Management LLC reduced its stake in shares of Amazon.com, Inc. (NASDAQ:AMZN) by 3.2% during the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 5,620 shares of the e-commerce giant’s stock after selling 185 shares during the period. Wilson & Boucher Capital Management LLC’s holdings in Amazon.com were worth $1,233,000 as of its most recent SEC filing.
Other large investors have also modified their holdings of the company. Cooksen Wealth LLC purchased a new position in Amazon.com in the first quarter valued at approximately $36,000. Inlight Wealth Management LLC purchased a new position in Amazon.com in the first quarter valued at approximately $40,000. Capitol Family Office Inc. purchased a new position in Amazon.com in the first quarter valued at approximately $42,000. MJT & Associates Financial Advisory Group Inc. purchased a new position in Amazon.com in the first quarter valued at approximately $59,000. Finally, von Borstel & Associates Inc. purchased a new position in Amazon.com in the first quarter valued at approximately $66,000. 72.20% of the stock is currently owned by hedge funds and other institutional investors.
Amazon.com Stock Performance
Amazon.com stock opened at $231.62 on Thursday. The company has a market cap of $2.47 trillion, a PE ratio of 35.31, a P/E/G ratio of 1.56 and a beta of 1.30. The company has a fifty day moving average price of $227.51 and a two-hundred day moving average price of $209.05. The company has a debt-to-equity ratio of 0.15, a current ratio of 1.02 and a quick ratio of 0.81. Amazon.com, Inc. has a 12 month low of $161.38 and a 12 month high of $242.52.
Analysts Set New Price Targets
AMZN has been the topic of several research reports. Robert W. Baird raised their price target on shares of Amazon.com from $220.00 to $244.00 and gave the company an “outperform” rating in a report on Monday, July 21st. Morgan Stanley restated an “overweight” rating on shares of Amazon.com in a report on Wednesday, September 10th. Evercore ISI restated an “outperform” rating and issued a $280.00 price target on shares of Amazon.com in a report on Wednesday, August 13th. Royal Bank Of Canada lifted their price objective on shares of Amazon.com from $230.00 to $240.00 and gave the company an “outperform” rating in a research note on Friday, August 1st. Finally, JMP Securities reiterated a “market outperform” rating and set a $285.00 price objective on shares of Amazon.com in a research note on Friday, August 1st. Two equities research analysts have rated the stock with a Strong Buy rating, forty-six have issued a Buy rating and two have issued a Hold rating to the company’s stock. According to data from MarketBeat, the stock presently has a consensus rating of “Buy” and an average price target of $263.30.
Check Out Our Latest Stock Analysis on Amazon.com
Insider Buying and Selling
In other Amazon.com news, SVP David Zapolsky sold 13,570 shares of the firm’s stock in a transaction on Friday, August 22nd. The stock was sold at an average price of $222.76, for a total value of $3,022,853.20. Following the sale, the senior vice president directly owned 44,110 shares in the company, valued at approximately $9,825,943.60. This trade represents a 23.53% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. Also, CEO Andrew R. Jassy sold 19,872 shares of the firm’s stock in a transaction on Thursday, August 21st. The shares were sold at an average price of $221.58, for a total value of $4,403,237.76. Following the completion of the sale, the chief executive officer owned 2,178,502 shares in the company, valued at $482,712,473.16. The trade was a 0.90% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 25,097,911 shares of company stock valued at $5,676,032,574 in the last three months. 9.70% of the stock is owned by corporate insiders.
About Amazon.com
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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