Hiley Hunt Wealth Management purchased a new position in shares of Amazon.com, Inc. (NASDAQ:AMZN) in the 2nd quarter, according to the company in its most recent filing with the SEC. The institutional investor purchased 1,070 shares of the e-commerce giant’s stock, valued at approximately $239,000.
Other large investors also recently made changes to their positions in the company. Summit Financial Consulting LLC bought a new stake in Amazon.com during the 2nd quarter valued at approximately $220,000. Christopher J. Hasenberg Inc grew its holdings in Amazon.com by 34.1% in the 2nd quarter. Christopher J. Hasenberg Inc now owns 609 shares of the e-commerce giant’s stock valued at $134,000 after buying an additional 155 shares during the last quarter. Woodstock Corp grew its holdings in Amazon.com by 5.7% in the 2nd quarter. Woodstock Corp now owns 33,774 shares of the e-commerce giant’s stock valued at $7,410,000 after buying an additional 1,813 shares during the last quarter. Veracity Capital LLC grew its holdings in Amazon.com by 1.7% in the 2nd quarter. Veracity Capital LLC now owns 21,854 shares of the e-commerce giant’s stock valued at $4,795,000 after buying an additional 361 shares during the last quarter. Finally, Clarus Wealth Advisors grew its holdings in Amazon.com by 38.5% in the 2nd quarter. Clarus Wealth Advisors now owns 7,580 shares of the e-commerce giant’s stock valued at $1,663,000 after buying an additional 2,107 shares during the last quarter. Institutional investors own 72.20% of the company’s stock.
Amazon.com Stock Up 0.1%
NASDAQ AMZN opened at $231.48 on Monday. The stock has a fifty day moving average of $227.81 and a 200-day moving average of $209.49. The stock has a market capitalization of $2.47 trillion, a P/E ratio of 35.29, a price-to-earnings-growth ratio of 1.55 and a beta of 1.31. Amazon.com, Inc. has a 52 week low of $161.38 and a 52 week high of $242.52. The company has a debt-to-equity ratio of 0.15, a quick ratio of 0.81 and a current ratio of 1.02.
Insider Buying and Selling at Amazon.com
In related news, CEO Andrew R. Jassy sold 19,872 shares of Amazon.com stock in a transaction on Thursday, August 21st. The stock was sold at an average price of $221.58, for a total transaction of $4,403,237.76. Following the completion of the sale, the chief executive officer directly owned 2,178,502 shares of the company’s stock, 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 document filed with the Securities & Exchange Commission, which is available at this link. Also, SVP David Zapolsky sold 13,570 shares of Amazon.com 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 of the company’s stock, valued at approximately $9,825,943.60. This trade represents a 23.53% 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 valued at $5,676,032,574 over the last quarter. 10.80% of the stock is owned by corporate insiders.
Analyst Upgrades and Downgrades
AMZN has been the topic of a number of research analyst reports. Cowen reaffirmed a “buy” rating on shares of Amazon.com in a report on Friday, August 1st. Royal Bank Of Canada raised their price objective on Amazon.com from $230.00 to $240.00 and gave the stock an “outperform” rating in a research report on Friday, August 1st. Jefferies Financial Group reiterated a “buy” rating on shares of Amazon.com in a research report on Thursday, September 11th. Morgan Stanley reiterated an “overweight” rating on shares of Amazon.com in a research report on Wednesday, September 10th. Finally, Zacks Research downgraded Amazon.com from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, August 19th. Two investment analysts have rated the stock with a Strong Buy rating, forty-six have given a Buy rating and two have given a Hold rating to the company. Based on data from MarketBeat.com, Amazon.com presently has a consensus rating of “Buy” and an average target price of $263.30.
View Our Latest Research Report on AMZN
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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