Strategic Advocates LLC boosted its holdings in Amazon.com, Inc. (NASDAQ:AMZN) by 5.5% in the 2nd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 22,946 shares of the e-commerce giant’s stock after purchasing an additional 1,206 shares during the period. Amazon.com makes up 1.5% of Strategic Advocates LLC’s portfolio, making the stock its 14th largest position. Strategic Advocates LLC’s holdings in Amazon.com were worth $5,034,000 as of its most recent SEC filing.
A number of other institutional investors and hedge funds have also recently modified their holdings of the stock. Lpwm LLC increased its holdings in shares of Amazon.com by 1.8% in the second quarter. Lpwm LLC now owns 6,679 shares of the e-commerce giant’s stock worth $1,465,000 after buying an additional 117 shares during the period. Little House Capital LLC grew its position in Amazon.com by 6.8% during the 2nd quarter. Little House Capital LLC now owns 64,376 shares of the e-commerce giant’s stock worth $14,123,000 after acquiring an additional 4,109 shares during the last quarter. Henrickson Nauta Wealth Advisors Inc. purchased a new position in Amazon.com in the 2nd quarter worth approximately $279,000. First National Corp MA ADV lifted its position in Amazon.com by 3.7% in the second quarter. First National Corp MA ADV now owns 16,615 shares of the e-commerce giant’s stock valued at $3,645,000 after purchasing an additional 586 shares during the last quarter. Finally, FF Advisors LLC boosted its stake in shares of Amazon.com by 20.4% during the second quarter. FF Advisors LLC now owns 3,983 shares of the e-commerce giant’s stock valued at $874,000 after purchasing an additional 675 shares during the period. 72.20% of the stock is owned by institutional investors.
Amazon.com Price Performance
Shares of NASDAQ AMZN opened at $231.48 on Friday. The firm has a market cap of $2.47 trillion, a P/E ratio of 35.29, a PEG ratio of 1.55 and a beta of 1.30. Amazon.com, Inc. has a twelve month low of $161.38 and a twelve month high of $242.52. The company has a quick ratio of 0.81, a current ratio of 1.02 and a debt-to-equity ratio of 0.15. The company has a 50 day moving average of $227.81 and a 200 day moving average of $209.43.
Insider Buying and Selling
In other news, CEO Andrew R. Jassy sold 19,872 shares of Amazon.com stock in a transaction that occurred 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 directly 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 sale was disclosed in a legal filing with the SEC, which is available through this link. Also, CEO Douglas J. Herrington sold 2,500 shares of the business’s stock in a transaction that occurred on Tuesday, September 2nd. The shares were sold at an average price of $223.49, for a total transaction of $558,725.00. Following the transaction, the chief executive officer directly owned 518,007 shares of the company’s stock, valued at $115,769,384.43. The trade was a 0.48% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 25,097,911 shares of company stock worth $5,676,032,574 in the last three months. 9.70% of the stock is currently owned by company insiders.
Wall Street Analysts Forecast Growth
AMZN has been the topic of several analyst reports. Monness Crespi & Hardt lifted their target price on shares of Amazon.com from $265.00 to $275.00 and gave the stock a “buy” rating in a research note on Friday, August 1st. Jefferies Financial Group restated a “buy” rating on shares of Amazon.com in a research report on Thursday, September 11th. Bank of America increased their target price on shares of Amazon.com from $265.00 to $272.00 and gave the stock a “buy” rating in a report on Friday, August 1st. Zacks Research downgraded Amazon.com from a “strong-buy” rating to a “hold” rating in a report on Tuesday, August 19th. Finally, DA Davidson upped their price target on Amazon.com from $230.00 to $265.00 and gave the company a “buy” rating in a research report on Friday, August 1st. Two 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 MarketBeat, Amazon.com has an average rating of “Buy” and an average target price of $263.30.
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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