J2 Capital Management Inc lifted its position in shares of Amazon.com, Inc. (NASDAQ:AMZN) by 15.2% during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 6,122 shares of the e-commerce giant’s stock after purchasing an additional 809 shares during the quarter. Amazon.com makes up about 1.1% of J2 Capital Management Inc’s investment portfolio, making the stock its 16th largest position. J2 Capital Management Inc’s holdings in Amazon.com were worth $1,343,000 at the end of the most recent reporting period.
Several other institutional investors also recently modified their holdings of the company. ASR Vermogensbeheer N.V. grew its holdings in shares of Amazon.com by 3.8% during the 2nd quarter. ASR Vermogensbeheer N.V. now owns 1,383,254 shares of the e-commerce giant’s stock worth $303,468,000 after purchasing an additional 50,610 shares in the last quarter. DMKC Advisory Services LLC grew its holdings in shares of Amazon.com by 63.9% during the 2nd quarter. DMKC Advisory Services LLC now owns 2,395 shares of the e-commerce giant’s stock worth $536,000 after purchasing an additional 934 shares in the last quarter. Wiser Wealth Management Inc grew its holdings in shares of Amazon.com by 4.7% during the 2nd quarter. Wiser Wealth Management Inc now owns 4,070 shares of the e-commerce giant’s stock worth $893,000 after purchasing an additional 181 shares in the last quarter. Brookmont Capital Management grew its holdings in shares of Amazon.com by 12.6% during the 2nd quarter. Brookmont Capital Management now owns 1,305 shares of the e-commerce giant’s stock worth $286,000 after purchasing an additional 146 shares in the last quarter. Finally, Pelham Capital Ltd. grew its holdings in shares of Amazon.com by 29.1% during the 2nd quarter. Pelham Capital Ltd. now owns 74,904 shares of the e-commerce giant’s stock worth $16,433,000 after purchasing an additional 16,904 shares in the last quarter. Institutional investors and hedge funds own 72.20% of the company’s stock.
Amazon.com Stock Down 0.7%
NASDAQ AMZN opened at $213.04 on Friday. The stock has a fifty day moving average of $225.66 and a 200-day moving average of $212.52. The stock has a market capitalization of $2.27 trillion, a P/E ratio of 32.48, a price-to-earnings-growth ratio of 1.42 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 company has a debt-to-equity ratio of 0.15, a quick ratio of 0.81 and a current ratio of 1.02.
Insider Buying and Selling
In other news, CFO Brian T. Olsavsky sold 17,750 shares of Amazon.com stock in a transaction 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 directly owned 49,000 shares of the company’s stock, valued at approximately $10,914,260. This trade represents a 26.59% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, VP Shelley Reynolds sold 2,715 shares of Amazon.com stock in a transaction on Thursday, August 21st. The shares were sold at an average price of $221.64, for a total value of $601,752.60. Following the completion of the sale, the vice president directly owned 119,780 shares of the company’s stock, valued at $26,548,039.20. This trade represents a 2.22% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders sold 10,864,716 shares of company stock worth $2,486,013,854. 9.70% of the stock is currently owned by company insiders.
Analyst Upgrades and Downgrades
Several research firms recently commented on AMZN. Telsey Advisory Group restated an “outperform” rating and set a $265.00 target price on shares of Amazon.com in a research report on Wednesday, September 24th. Stifel Nicolaus raised their target price on Amazon.com from $245.00 to $262.00 and gave the stock a “buy” rating in a research report on Tuesday, July 29th. Citizens Jmp began coverage on Amazon.com in a research report on Thursday, July 10th. They set a “strong-buy” rating for the company. Piper Sandler raised their target price on Amazon.com from $250.00 to $255.00 and gave the stock an “overweight” rating in a research report on Friday, August 1st. Finally, BNP Paribas Exane upgraded Amazon.com from a “neutral” rating to an “outperform” rating and set a $254.00 target price for the company in a research report on Friday, June 27th. Three research analysts have rated the stock with a Strong Buy rating, forty-seven have issued a Buy rating and one has given a Hold rating to the company. According to MarketBeat.com, the company currently has an average rating of “Buy” and a consensus target price of $266.26.
View Our Latest Research Report on AMZN
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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