Verum Partners LLC increased its position in Amazon.com, Inc. (NASDAQ:AMZN) by 69.4% during the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 18,389 shares of the e-commerce giant’s stock after acquiring an additional 7,535 shares during the period. Amazon.com makes up about 0.9% of Verum Partners LLC’s investment portfolio, making the stock its 26th biggest position. Verum Partners LLC’s holdings in Amazon.com were worth $4,034,000 at the end of the most recent reporting period.
Other institutional investors and hedge funds have also modified their holdings of the company. Western Wealth Management LLC lifted its stake in Amazon.com by 0.9% in the 1st quarter. Western Wealth Management LLC now owns 140,122 shares of the e-commerce giant’s stock valued at $26,660,000 after buying an additional 1,297 shares in the last quarter. Flaharty Asset Management LLC lifted its stake in Amazon.com by 87.7% in the 1st quarter. Flaharty Asset Management LLC now owns 5,088 shares of the e-commerce giant’s stock valued at $968,000 after buying an additional 2,377 shares in the last quarter. Barnes Dennig Private Wealth Management LLC purchased a new stake in Amazon.com in the 1st quarter valued at approximately $514,000. Border to Coast Pensions Partnership Ltd lifted its stake in Amazon.com by 6.0% in the 2nd quarter. Border to Coast Pensions Partnership Ltd now owns 1,136,311 shares of the e-commerce giant’s stock valued at $249,295,000 after buying an additional 63,924 shares in the last quarter. Finally, Harbor Investment Advisory LLC lifted its stake in Amazon.com by 0.7% in the 1st quarter. Harbor Investment Advisory LLC now owns 304,091 shares of the e-commerce giant’s stock valued at $58,000 after buying an additional 2,145 shares in the last quarter. Institutional investors and hedge funds own 72.20% of the company’s stock.
Amazon.com Stock Down 1.3%
NASDAQ:AMZN opened at $219.51 on Friday. The company has a market capitalization of $2.34 trillion, a price-to-earnings ratio of 33.46, a price-to-earnings-growth ratio of 1.47 and a beta of 1.28. Amazon.com, Inc. has a one year low of $161.38 and a one year high of $242.52. The stock has a 50-day simple moving average of $226.55 and a 200 day simple moving average of $211.13. 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
In other Amazon.com news, insider Jeffrey P. Bezos sold 4,273,237 shares of Amazon.com stock in a transaction that occurred on 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 completion of the transaction, the insider directly 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 legal filing with the SEC, which is available at this link. Insiders sold 20,845,122 shares of company stock valued at $4,731,747,929 in the last three months. Insiders own 9.70% of the company’s stock.
Wall Street Analysts Forecast Growth
A number of research firms recently issued reports on AMZN. Barclays upped their target price on Amazon.com from $240.00 to $275.00 and gave the company an “overweight” rating in a research note on Friday, August 1st. Telsey Advisory Group reissued an “outperform” rating and set a $265.00 price target on shares of Amazon.com in a research note on Wednesday, September 24th. Moffett Nathanson increased their price target on Amazon.com from $250.00 to $253.00 and gave the stock a “buy” rating in a research note on Tuesday, June 24th. Westpark Capital reissued a “buy” rating and set a $280.00 price target on shares of Amazon.com in a research note on Friday, August 1st. Finally, BNP Paribas Exane raised Amazon.com from a “neutral” rating to an “outperform” rating and set a $254.00 price target on the stock in a research note on Friday, June 27th. Three research analysts have rated the stock with a Strong Buy rating, forty-seven have assigned a Buy rating and one has assigned a Hold rating to the company’s stock. Based on data from MarketBeat, the company currently has a consensus rating of “Buy” and a consensus price target of $266.26.
Check Out Our Latest Stock Analysis on Amazon.com
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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