Valicenti Advisory Services Inc. trimmed its position in shares of Amazon.com, Inc. (NASDAQ:AMZN) by 0.1% during the second quarter, according to its most recent Form 13F filing with the SEC. The firm owned 123,980 shares of the e-commerce giant’s stock after selling 185 shares during the period. Amazon.com comprises about 6.4% of Valicenti Advisory Services Inc.’s portfolio, making the stock its 2nd biggest position. Valicenti Advisory Services Inc.’s holdings in Amazon.com were worth $27,200,000 at the end of the most recent reporting period.
A number of other large investors have also recently made changes to their positions in the company. Carderock Capital Management Inc. acquired a new position in Amazon.com in the second quarter valued at approximately $27,000. Cooksen Wealth LLC purchased a new position in Amazon.com in the first quarter worth $36,000. Inlight Wealth Management LLC purchased a new position in Amazon.com in the first quarter worth $40,000. Maryland Capital Advisors Inc. increased its position in shares of Amazon.com by 81.9% in the second quarter. Maryland Capital Advisors Inc. now owns 211 shares of the e-commerce giant’s stock valued at $46,000 after buying an additional 95 shares in the last quarter. Finally, Capitol Family Office Inc. purchased a new position in shares of Amazon.com in the first quarter valued at $42,000. 72.20% of the stock is currently owned by hedge funds and other institutional investors.
Amazon.com Stock Performance
Shares of AMZN stock opened at $227.74 on Friday. 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 fifty-two week low of $161.38 and a fifty-two week high of $242.52. The stock’s 50-day moving average is $225.90 and its two-hundred day moving average is $211.75. The firm has a market cap of $2.43 trillion, a P/E ratio of 34.72, a PEG ratio of 1.51 and a beta of 1.28.
Analysts Set New Price Targets
A number of analysts recently commented on AMZN shares. Wedbush reiterated an “outperform” rating and set a $250.00 price objective on shares of Amazon.com in a research report on Friday, September 19th. Susquehanna boosted their price target on Amazon.com from $225.00 to $260.00 and gave the stock a “positive” rating in a research report on Friday, August 1st. Wells Fargo & Company raised Amazon.com from an “equal weight” rating to an “overweight” rating and upped their target price for the company from $245.00 to $280.00 in a research report on Wednesday, September 24th. Sanford C. Bernstein set a $235.00 price target on Amazon.com and gave the company an “outperform” rating in a report on Tuesday, July 1st. Finally, Truist Financial upped their price objective on Amazon.com from $250.00 to $270.00 and gave the stock a “buy” rating in a research note on Tuesday, September 16th. Three analysts have rated the stock with a Strong Buy rating, forty-seven have given a Buy rating and one has issued a Hold rating to the company’s stock. According to data from MarketBeat, the stock currently has a consensus rating of “Buy” and an average target price of $266.26.
Get Our Latest Stock Analysis on Amazon.com
Insider Buying and Selling
In other Amazon.com news, CFO Brian T. Olsavsky sold 17,750 shares of the firm’s stock in a transaction that occurred on Thursday, August 21st. The stock was sold at an average price of $222.74, for a total value of $3,953,635.00. Following the completion of the sale, the chief financial officer owned 49,000 shares in the company, valued at approximately $10,914,260. This trade represents a 26.59% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CEO Andrew R. Jassy sold 19,872 shares of the firm’s stock in a transaction that occurred on Thursday, August 21st. The stock was sold at an average price of $221.58, for a total value 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 $482,712,473.16. This represents a 0.90% decrease in their position. The disclosure for this sale can be found here. In the last three months, insiders have sold 14,040,098 shares of company stock worth $3,204,129,405. 9.70% of the stock is currently owned by corporate insiders.
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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