Cromwell Holdings LLC increased its position in shares of Amazon.com, Inc. (NASDAQ:AMZN – Free Report) by 2.4% during the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 26,113 shares of the e-commerce giant’s stock after buying an additional 601 shares during the period. Amazon.com comprises approximately 3.5% of Cromwell Holdings LLC’s holdings, making the stock its 4th largest holding. Cromwell Holdings LLC’s holdings in Amazon.com were worth $5,729,000 at the end of the most recent quarter.
Other institutional investors have also recently made changes to their positions in the company. Western Wealth Management LLC grew its stake in Amazon.com by 0.9% in the first quarter. Western Wealth Management LLC now owns 140,122 shares of the e-commerce giant’s stock valued at $26,660,000 after purchasing an additional 1,297 shares during the last quarter. Flaharty Asset Management LLC grew its stake in Amazon.com by 87.7% in the first quarter. Flaharty Asset Management LLC now owns 5,088 shares of the e-commerce giant’s stock valued at $968,000 after purchasing an additional 2,377 shares during the last quarter. Barnes Dennig Private Wealth Management LLC purchased a new position in Amazon.com in the first quarter valued at about $514,000. Border to Coast Pensions Partnership Ltd grew its stake in Amazon.com by 6.0% in the second quarter. Border to Coast Pensions Partnership Ltd now owns 1,136,311 shares of the e-commerce giant’s stock valued at $249,295,000 after purchasing an additional 63,924 shares during the last quarter. Finally, Generali Investments CEE investicni spolecnost a.s. grew its stake in Amazon.com by 5.3% in the second quarter. Generali Investments CEE investicni spolecnost a.s. now owns 84,116 shares of the e-commerce giant’s stock valued at $18,454,000 after purchasing an additional 4,265 shares during the last quarter. Hedge funds and other institutional investors own 72.20% of the company’s stock.
Amazon.com Stock Down 0.7%
Shares of AMZN stock opened at $213.04 on Friday. The stock has a market cap of $2.27 trillion, a P/E ratio of 32.48, a P/E/G ratio of 1.41 and a beta of 1.28. Amazon.com, Inc. has a twelve month low of $161.38 and a twelve month high of $242.52. The stock has a 50 day moving average of $225.66 and a 200 day moving average of $212.64. The company has a current ratio of 1.02, a quick ratio of 0.81 and a debt-to-equity ratio of 0.15.
Insider Buying and Selling at Amazon.com
In related news, 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 transaction of $3,953,635.00. Following the completion of the sale, the chief financial officer directly owned 49,000 shares in the company, valued at approximately $10,914,260. The trade was a 26.59% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, SVP David Zapolsky sold 13,570 shares of the business’s stock in a transaction that occurred on 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. The trade was a 23.53% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last quarter, insiders sold 10,864,716 shares of company stock worth $2,486,013,854. 9.70% of the stock is currently owned by corporate insiders.
Wall Street Analysts Forecast Growth
AMZN has been the subject of several recent analyst reports. Piper Sandler raised their price target on Amazon.com from $250.00 to $255.00 and gave the stock an “overweight” rating in a report on Friday, August 1st. Evercore ISI reissued an “outperform” rating and issued a $280.00 price target on shares of Amazon.com in a report on Wednesday, August 13th. Jefferies Financial Group reissued a “buy” rating on shares of Amazon.com in a report on Thursday, September 11th. Cowen reissued a “buy” rating on shares of Amazon.com in a report on Friday, August 1st. Finally, Wedbush reissued an “outperform” rating and issued a $250.00 price target on shares of Amazon.com in a report on Friday, September 19th. 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 stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Buy” and a consensus price target of $266.26.
Get Our Latest Stock Report on Amazon.com
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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