One Plus One Wealth Management LLC trimmed its position in Amazon.com, Inc. (NASDAQ:AMZN) by 1.5% during the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 6,945 shares of the e-commerce giant’s stock after selling 107 shares during the period. One Plus One Wealth Management LLC’s holdings in Amazon.com were worth $1,524,000 at the end of the most recent reporting period.
Several other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Patton Fund Management Inc. purchased a new stake in Amazon.com in the second quarter worth $256,000. Kathmere Capital Management LLC grew its stake in Amazon.com by 2.1% in the second quarter. Kathmere Capital Management LLC now owns 22,658 shares of the e-commerce giant’s stock worth $4,971,000 after purchasing an additional 467 shares during the period. Arkansas Financial Group Inc. grew its stake in Amazon.com by 5.9% in the second quarter. Arkansas Financial Group Inc. now owns 2,508 shares of the e-commerce giant’s stock worth $550,000 after purchasing an additional 140 shares during the period. Vision Capital Management Inc. grew its stake in Amazon.com by 1.0% in the second quarter. Vision Capital Management Inc. now owns 103,381 shares of the e-commerce giant’s stock worth $22,681,000 after purchasing an additional 998 shares during the period. Finally, Crowley Wealth Management Inc. grew its stake in Amazon.com by 0.9% in the second quarter. Crowley Wealth Management Inc. now owns 11,429 shares of the e-commerce giant’s stock worth $2,507,000 after purchasing an additional 100 shares during the period. 72.20% of the stock is owned by hedge funds and other institutional investors.
Amazon.com Stock Up 1.6%
NASDAQ AMZN opened at $225.22 on Thursday. The stock’s 50-day moving average price is $226.03 and its 200-day moving average price is $211.58. The company has a quick ratio of 0.81, a current ratio of 1.02 and a debt-to-equity ratio of 0.15. Amazon.com, Inc. has a 52 week low of $161.38 and a 52 week high of $242.52. The company has a market capitalization of $2.40 trillion, a P/E ratio of 34.33, a price-to-earnings-growth ratio of 1.48 and a beta of 1.28.
Insider Activity
In related news, VP Shelley Reynolds sold 2,715 shares of the stock in a transaction dated Thursday, August 21st. The stock was sold at an average price of $221.64, for a total transaction of $601,752.60. Following the completion of the sale, the vice president owned 119,780 shares in the company, valued at approximately $26,548,039.20. This trade represents a 2.22% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, SVP David Zapolsky sold 13,570 shares of the stock in a transaction dated 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 owned 44,110 shares of the company’s stock, valued at $9,825,943.60. This represents a 23.53% decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 18,313,335 shares of company stock valued at $4,164,795,815 in the last three months. 9.70% of the stock is currently owned by insiders.
Analyst Ratings Changes
A number of research firms have recently commented on AMZN. Telsey Advisory Group reissued an “outperform” rating and issued a $265.00 target price on shares of Amazon.com in a research note on Wednesday, September 24th. Wall Street Zen raised Amazon.com from a “hold” rating to a “buy” rating in a report on Saturday, August 2nd. Scotiabank upped their price target on Amazon.com from $250.00 to $275.00 and gave the company a “sector outperform” rating in a report on Tuesday, July 22nd. Cantor Fitzgerald upped their price target on Amazon.com from $260.00 to $280.00 and gave the company an “overweight” rating in a report on Friday, August 1st. Finally, Citizens Jmp initiated coverage on Amazon.com in a report on Thursday, July 10th. They set a “strong-buy” rating on the stock. Three equities research analysts have rated the stock with a Strong Buy rating, forty-seven have given a Buy rating and one has assigned a Hold rating to the company’s stock. According to MarketBeat, Amazon.com currently has a consensus rating of “Buy” and an average target price of $266.26.
Get Our Latest Stock Report on AMZN
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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