Vanguard Capital Wealth Advisors cut its holdings in shares of Amazon.com, Inc. (NASDAQ:AMZN – Free Report) by 13.3% during the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 27,293 shares of the e-commerce giant’s stock after selling 4,195 shares during the quarter. Amazon.com makes up approximately 5.9% of Vanguard Capital Wealth Advisors’ portfolio, making the stock its 3rd largest holding. Vanguard Capital Wealth Advisors’ holdings in Amazon.com were worth $5,988,000 at the end of the most recent quarter.
Other institutional investors have also added to or reduced their stakes in the company. Petredis Investment Advisors LLC increased its position in shares of Amazon.com by 1.1% during the second quarter. Petredis Investment Advisors LLC now owns 171,783 shares of the e-commerce giant’s stock valued at $37,687,000 after buying an additional 1,946 shares during the period. Annex Advisory Services LLC raised its stake in Amazon.com by 20.7% in the second quarter. Annex Advisory Services LLC now owns 408,477 shares of the e-commerce giant’s stock valued at $89,616,000 after purchasing an additional 70,022 shares in the last quarter. Wealth Management Partners LLC grew its position in Amazon.com by 0.8% during the second quarter. Wealth Management Partners LLC now owns 33,129 shares of the e-commerce giant’s stock valued at $7,403,000 after acquiring an additional 264 shares during the last quarter. Bond & Devick Financial Network Inc. grew its position in Amazon.com by 3.3% during the second quarter. Bond & Devick Financial Network Inc. now owns 5,081 shares of the e-commerce giant’s stock valued at $1,115,000 after acquiring an additional 160 shares during the last quarter. Finally, Congress Park Capital LLC grew its position in Amazon.com by 1.3% during the second quarter. Congress Park Capital LLC now owns 59,348 shares of the e-commerce giant’s stock valued at $13,020,000 after acquiring an additional 737 shares during the last quarter. 72.20% of the stock is owned by hedge funds and other institutional investors.
Amazon.com Trading Up 1.1%
Shares of AMZN opened at $222.17 on Tuesday. 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 1 year low of $161.38 and a 1 year high of $242.52. The company has a 50 day simple moving average of $227.30 and a two-hundred day simple moving average of $210.52. The firm has a market cap of $2.37 trillion, a P/E ratio of 33.87, a price-to-earnings-growth ratio of 1.47 and a beta of 1.31.
Analyst Upgrades and Downgrades
Several brokerages have recently issued reports on AMZN. Telsey Advisory Group restated an “outperform” rating and issued a $265.00 target price on shares of Amazon.com in a report on Wednesday, September 24th. Citigroup reissued an “overweight” rating on shares of Amazon.com in a research report on Wednesday, August 13th. The Goldman Sachs Group reissued a “buy” rating on shares of Amazon.com in a research report on Friday, August 1st. Piper Sandler lifted their price target on Amazon.com from $250.00 to $255.00 and gave the stock an “overweight” rating in a research report on Friday, August 1st. Finally, Barclays lifted 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. Two equities research analysts have rated the stock with a Strong Buy rating, forty-seven have assigned a Buy rating and one has given a Hold rating to the company. According to data from MarketBeat, Amazon.com currently has an average rating of “Buy” and an average target price of $264.13.
View Our Latest Stock Report on Amazon.com
Insider Buying and Selling at Amazon.com
In other 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 in the company, valued at approximately $482,712,473.16. This trade represents a 0.90% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, VP Shelley Reynolds sold 2,715 shares of the firm’s stock in a transaction on Thursday, August 21st. The shares were sold at an average price of $221.64, for a total value of $601,752.60. Following the transaction, the vice president owned 119,780 shares in the company, valued at approximately $26,548,039.20. This represents a 2.22% decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders sold 21,770,485 shares of company stock valued at $4,938,795,968. 10.80% of the stock is owned by company insiders.
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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