Smith & Howard Wealth Management LLC increased its stake in Amazon.com, Inc. (NASDAQ:AMZN – Free Report) by 5.8% in the 2nd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 4,034 shares of the e-commerce giant’s stock after acquiring an additional 220 shares during the quarter. Smith & Howard Wealth Management LLC’s holdings in Amazon.com were worth $885,000 at the end of the most recent reporting period.
Other hedge funds also recently modified their holdings of the company. Carderock Capital Management Inc. acquired a new stake in Amazon.com in the 2nd quarter valued at $27,000. Cooksen Wealth LLC acquired a new stake in Amazon.com in the 1st quarter valued at $36,000. Inlight Wealth Management LLC acquired a new stake in Amazon.com in the 1st quarter valued at $40,000. Maryland Capital Advisors Inc. grew its position in Amazon.com by 81.9% in the 2nd quarter. Maryland Capital Advisors Inc. now owns 211 shares of the e-commerce giant’s stock valued at $46,000 after purchasing an additional 95 shares during the period. Finally, Capitol Family Office Inc. acquired a new stake in Amazon.com in the 1st quarter valued at $42,000. Institutional investors own 72.20% of the company’s stock.
Amazon.com Trading Down 1.3%
Shares of Amazon.com stock opened at $219.51 on Friday. Amazon.com, Inc. has a 52-week low of $161.38 and a 52-week high of $242.52. The stock’s 50-day simple moving average is $226.55 and its 200 day simple moving average is $211.13. The stock has a market capitalization of $2.34 trillion, a P/E ratio of 33.46, a P/E/G ratio of 1.47 and a beta of 1.28. The company has a debt-to-equity ratio of 0.15, a quick ratio of 0.81 and a current ratio of 1.02.
Analyst Upgrades and Downgrades
Several research firms recently issued reports on AMZN. Scotiabank lifted their price target on shares of Amazon.com from $250.00 to $275.00 and gave the company a “sector outperform” rating in a research report on Tuesday, July 22nd. BNP Paribas raised shares of Amazon.com from a “hold” rating to a “strong-buy” rating in a research report on Friday, June 27th. Roth Capital set a $250.00 price target on shares of Amazon.com and gave the company a “buy” rating in a research report on Tuesday, July 8th. JMP Securities reissued a “market outperform” rating and issued a $285.00 price target on shares of Amazon.com in a research report on Friday, August 1st. Finally, Citizens Jmp assumed coverage on Amazon.com in a research note on Thursday, July 10th. They set a “strong-buy” rating on the stock. Three research analysts have rated the stock with a Strong Buy rating, forty-seven have assigned a Buy rating and one has issued a Hold rating to the stock. According to MarketBeat.com, Amazon.com has an average rating of “Buy” and a consensus price target of $266.26.
View Our Latest Research Report on Amazon.com
Insiders Place Their Bets
In other Amazon.com news, insider Jeffrey P. Bezos sold 4,273,237 shares of Amazon.com stock in a transaction dated Friday, July 11th. The stock was sold at an average price of $224.81, for a total transaction of $960,666,409.97. Following the completion of the transaction, the insider owned 897,722,088 shares of the company’s stock, valued at $201,816,902,603.28. The trade was a 0.47% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Over the last ninety days, insiders sold 20,845,122 shares of company stock worth $4,731,747,929. 9.70% of the stock is owned by 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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