MKT Advisors LLC trimmed its position in Amazon.com, Inc. (NASDAQ:AMZN – Free Report) by 0.8% during the second quarter, according to its most recent 13F filing with the SEC. The fund owned 8,985 shares of the e-commerce giant’s stock after selling 75 shares during the period. Amazon.com comprises approximately 0.8% of MKT Advisors LLC’s holdings, making the stock its 19th largest holding. MKT Advisors LLC’s holdings in Amazon.com were worth $1,981,000 at the end of the most recent reporting period.
A number of other large investors also recently made changes to their positions in AMZN. Carderock Capital Management Inc. acquired a new stake in Amazon.com during the 2nd quarter worth $27,000. Cooksen Wealth LLC acquired a new stake in shares of Amazon.com in the 1st quarter valued at about $36,000. Inlight Wealth Management LLC acquired a new stake in shares of Amazon.com in the 1st quarter valued at about $40,000. Capitol Family Office Inc. acquired a new stake in shares of Amazon.com in the 1st quarter valued at about $42,000. Finally, Maryland Capital Advisors Inc. raised its stake in shares of 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. Institutional investors and hedge funds own 72.20% of the company’s stock.
Amazon.com Trading Up 0.6%
NASDAQ:AMZN opened at $220.90 on Tuesday. The company has a debt-to-equity ratio of 0.15, a quick ratio of 0.81 and a current ratio of 1.02. The firm has a market cap of $2.36 trillion, a price-to-earnings ratio of 33.67, a price-to-earnings-growth ratio of 1.47 and a beta of 1.28. Amazon.com, Inc. has a 52 week low of $161.38 and a 52 week high of $242.52. The firm has a 50-day moving average price of $226.31 and a two-hundred day moving average price of $211.41.
Insider Transactions at Amazon.com
In other Amazon.com news, SVP David Zapolsky sold 13,570 shares of the stock in a transaction dated Friday, August 22nd. The shares were sold at an average price of $222.76, for a total value of $3,022,853.20. Following the completion of the sale, the senior vice president owned 44,110 shares in the company, valued at approximately $9,825,943.60. This trade represents a 23.53% decrease in their position. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, CEO Andrew R. Jassy sold 19,872 shares of the stock in a transaction dated Thursday, August 21st. The shares were 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 owned 2,178,502 shares of the company’s stock, valued at approximately $482,712,473.16. This trade represents a 0.90% decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 18,697,459 shares of company stock worth $4,250,847,273. Company insiders own 10.80% of the company’s stock.
Wall Street Analyst Weigh In
Several research firms have issued reports on AMZN. Rosenblatt Securities lifted their price target on Amazon.com from $288.00 to $297.00 and gave the company a “buy” rating in a research note on Friday, August 1st. Cantor Fitzgerald boosted their price objective on Amazon.com from $260.00 to $280.00 and gave the stock an “overweight” rating in a report on Friday, August 1st. The Goldman Sachs Group boosted their price objective on Amazon.com from $240.00 to $275.00 and gave the stock a “buy” rating in a report on Friday. Royal Bank Of Canada lifted their price target on shares of Amazon.com from $230.00 to $240.00 and gave the company an “outperform” rating in a research report on Friday, August 1st. Finally, Barclays boosted their price objective on shares of Amazon.com from $240.00 to $275.00 and gave the company an “overweight” rating in a research report on Friday, August 1st. Three 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’s stock. According to data from MarketBeat.com, the company has a consensus rating of “Buy” and an average target price of $266.26.
View Our Latest Report on Amazon.com
Amazon.com 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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