NBC Securities Inc. lowered its stake in shares of Amazon.com, Inc. (NASDAQ:AMZN) by 3.2% in the second quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 69,443 shares of the e-commerce giant’s stock after selling 2,275 shares during the quarter. Amazon.com makes up approximately 1.2% of NBC Securities Inc.’s holdings, making the stock its 7th largest position. NBC Securities Inc.’s holdings in Amazon.com were worth $15,235,000 at the end of the most recent reporting period.
Other hedge funds and other institutional investors have also added to or reduced their stakes in the company. Cooksen Wealth LLC acquired a new position in Amazon.com during the 1st quarter valued at approximately $36,000. Inlight Wealth Management LLC acquired a new position in Amazon.com during the 1st quarter worth $40,000. Capitol Family Office Inc. acquired a new position in Amazon.com during the 1st quarter worth $42,000. MJT & Associates Financial Advisory Group Inc. acquired a new position in Amazon.com during the 1st quarter worth $59,000. Finally, von Borstel & Associates Inc. acquired a new position in Amazon.com during the 1st quarter worth $66,000. Institutional investors and hedge funds own 72.20% of the company’s stock.
Amazon.com Stock Performance
Shares of AMZN stock opened at $231.23 on Friday. Amazon.com, Inc. has a 1-year low of $161.38 and a 1-year high of $242.52. The company has a current ratio of 1.02, a quick ratio of 0.81 and a debt-to-equity ratio of 0.15. The company has a market capitalization of $2.47 trillion, a price-to-earnings ratio of 35.25, a P/E/G ratio of 1.55 and a beta of 1.30. The stock’s fifty day simple moving average is $227.68 and its 200-day simple moving average is $209.23.
Insider Buying and Selling
In other Amazon.com news, insider Jeffrey P. Bezos sold 4,273,237 shares of the business’s stock in a transaction dated Friday, July 11th. The stock was sold at an average price of $224.81, for a total value of $960,666,409.97. Following the transaction, the insider owned 897,722,088 shares in the company, valued at $201,816,902,603.28. The trade was a 0.47% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Insiders sold a total of 25,097,911 shares of company stock valued at $5,676,032,574 in the last quarter. Insiders own 9.70% of the company’s stock.
Analyst Ratings Changes
AMZN has been the subject of a number of analyst reports. Scotiabank boosted their price target on Amazon.com from $250.00 to $275.00 and gave the stock a “sector outperform” rating in a research report on Tuesday, July 22nd. Zacks Research lowered Amazon.com from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, August 19th. Barclays boosted their price target on Amazon.com from $240.00 to $275.00 and gave the stock an “overweight” rating in a research report on Friday, August 1st. Deutsche Bank Aktiengesellschaft boosted their price target on Amazon.com from $230.00 to $266.00 in a research report on Tuesday, July 22nd. Finally, Rosenblatt Securities boosted their price objective on Amazon.com from $288.00 to $297.00 and gave the stock a “buy” rating in a research note on Friday, August 1st. Two analysts have rated the stock with a Strong Buy rating, forty-six have assigned a Buy rating and two have given a Hold rating to the company. Based on data from MarketBeat.com, the stock currently has an average rating of “Buy” and an average price target of $263.30.
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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