Vigilare Wealth Management raised its stake in shares of Amazon.com, Inc. (NASDAQ:AMZN – Free Report) by 21.7% in the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 28,186 shares of the e-commerce giant’s stock after buying an additional 5,035 shares during the quarter. Amazon.com comprises 2.3% of Vigilare Wealth Management’s portfolio, making the stock its 12th biggest position. Vigilare Wealth Management’s holdings in Amazon.com were worth $6,184,000 as of its most recent filing with the Securities and Exchange Commission.
Other institutional investors also recently modified their holdings of the company. Carderock Capital Management Inc. bought a new position in shares of Amazon.com during the 2nd quarter valued at about $27,000. Cooksen Wealth LLC bought a new position in shares of Amazon.com during the 1st quarter valued at about $36,000. Inlight Wealth Management LLC bought a new position in shares of Amazon.com during the 1st quarter valued at about $40,000. Capitol Family Office Inc. bought a new position in shares of Amazon.com during the 1st quarter valued at about $42,000. Finally, Maryland Capital Advisors Inc. lifted its holdings in shares of Amazon.com by 81.9% during 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 in the last quarter. 72.20% of the stock is currently owned by institutional investors and hedge funds.
Amazon.com Trading Down 0.5%
Shares of Amazon.com stock opened at $214.47 on Friday. Amazon.com, Inc. has a 12-month low of $161.38 and a 12-month high of $242.52. The stock has a market cap of $2.29 trillion, a P/E ratio of 32.69, a P/E/G ratio of 1.43 and a beta of 1.28. The company has a quick ratio of 0.81, a current ratio of 1.02 and a debt-to-equity ratio of 0.15. The business’s 50 day moving average is $225.85 and its 200-day moving average is $212.38.
Analysts Set New Price Targets
AMZN has been the topic of several recent analyst reports. Susquehanna lifted their price objective on Amazon.com from $225.00 to $260.00 and gave the company a “positive” rating in a report on Friday, August 1st. Citigroup reiterated an “overweight” rating on shares of Amazon.com in a report on Wednesday, August 13th. Roth Capital set a $250.00 price objective on Amazon.com and gave the company a “buy” rating in a report on Tuesday, July 8th. HSBC lifted their price objective on Amazon.com from $256.00 to $260.00 and gave the company a “buy” rating in a report on Monday, September 29th. Finally, UBS Group restated a “buy” rating and issued a $271.00 target price (up previously from $249.00) on shares of Amazon.com in a research note on Monday, July 28th. Three equities research 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. According to data from MarketBeat.com, Amazon.com currently has an average rating of “Buy” and an average target price of $266.26.
View Our Latest Report on AMZN
Insider Buying and Selling at Amazon.com
In related news, CEO Andrew R. Jassy sold 19,872 shares of the business’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 transaction of $4,403,237.76. Following the transaction, the chief executive officer directly owned 2,178,502 shares of the company’s stock, valued at approximately $482,712,473.16. The trade was a 0.90% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CFO Brian T. Olsavsky sold 17,750 shares of the business’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 transaction, the chief financial officer directly owned 49,000 shares in the company, valued at $10,914,260. The trade was a 26.59% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 10,864,716 shares of company stock worth $2,486,013,854 in the last three months. 9.70% of the stock is owned by insiders.
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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