Tilia Fiduciary Partners Inc. trimmed its position in Amazon.com, Inc. (NASDAQ:AMZN – Free Report) by 1.2% in the second quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 11,082 shares of the e-commerce giant’s stock after selling 140 shares during the period. Amazon.com makes up about 1.5% of Tilia Fiduciary Partners Inc.’s portfolio, making the stock its 25th largest holding. Tilia Fiduciary Partners Inc.’s holdings in Amazon.com were worth $2,431,000 at the end of the most recent reporting period.
A number of other institutional investors have also recently added to or reduced their stakes in the company. Vanguard Group Inc. lifted its position in Amazon.com by 1.1% in the first quarter. Vanguard Group Inc. now owns 832,274,556 shares of the e-commerce giant’s stock worth $158,348,557,000 after purchasing an additional 8,913,959 shares during the period. Kingstone Capital Partners Texas LLC lifted its position in shares of Amazon.com by 542,733.6% during the 2nd quarter. Kingstone Capital Partners Texas LLC now owns 132,641,388 shares of the e-commerce giant’s stock valued at $29,100,194,000 after acquiring an additional 132,616,953 shares during the last quarter. Northern Trust Corp lifted its position in shares of Amazon.com by 0.3% during the 1st quarter. Northern Trust Corp now owns 97,379,134 shares of the e-commerce giant’s stock valued at $18,527,354,000 after acquiring an additional 302,858 shares during the last quarter. Nuveen LLC acquired a new stake in shares of Amazon.com during the 1st quarter valued at $11,674,091,000. Finally, Charles Schwab Investment Management Inc. lifted its position in shares of Amazon.com by 1.0% during the 1st quarter. Charles Schwab Investment Management Inc. now owns 60,243,622 shares of the e-commerce giant’s stock valued at $11,461,952,000 after acquiring an additional 605,415 shares during the last quarter. 72.20% of the stock is currently owned by institutional investors and hedge funds.
Amazon.com Trading Up 1.6%
NASDAQ AMZN opened at $216.48 on Tuesday. Amazon.com, Inc. has a 1-year low of $161.38 and a 1-year high of $242.52. The company has a current ratio of 1.02, a quick ratio of 0.81 and a debt-to-equity ratio of 0.15. The company has a market capitalization of $2.31 trillion, a PE ratio of 33.00, a price-to-earnings-growth ratio of 1.41 and a beta of 1.28. The firm’s fifty day simple moving average is $225.56 and its 200-day simple moving average is $213.20.
Analyst Ratings Changes
A number of equities research analysts have recently commented on AMZN shares. Oppenheimer cut their price objective on Amazon.com from $250.00 to $245.00 and set an “outperform” rating for the company in a research report on Friday, August 1st. JPMorgan Chase & Co. increased their price objective on Amazon.com from $255.00 to $265.00 and gave the company an “overweight” rating in a research report on Friday, August 1st. Citizens Jmp started coverage on Amazon.com in a research report on Thursday, July 10th. They set a “strong-buy” rating for the company. Piper Sandler increased their price objective on Amazon.com from $250.00 to $255.00 and gave the company an “overweight” rating in a research report on Friday, August 1st. Finally, Canaccord Genuity Group reiterated a “buy” rating and set a $280.00 price objective on shares of Amazon.com in a research report on Friday, August 1st. Three equities research analysts have rated the stock with a Strong Buy rating, forty-seven have given a Buy rating and one has given a Hold rating to the company. According to data from MarketBeat.com, the stock has an average rating of “Buy” and an average price target of $266.26.
Check Out Our Latest Stock Analysis on AMZN
Insiders Place Their Bets
In other news, insider Jeffrey P. Bezos sold 2,643,142 shares of the company’s stock in a transaction on Thursday, July 24th. The shares were sold at an average price of $230.43, for a total value of $609,059,211.06. Following the transaction, the insider directly owned 883,779,901 shares of the company’s stock, valued at approximately $203,649,402,587.43. This represents a 0.30% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, SVP David Zapolsky sold 13,570 shares of the stock in a transaction on Friday, August 22nd. The stock was sold at an average price of $222.76, for a total transaction of $3,022,853.20. Following the transaction, the senior vice president directly owned 44,110 shares in the company, 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. Insiders sold a total of 4,252,009 shares of company stock valued at $976,047,640 in the last three months. Company insiders own 10.80% of the company’s stock.
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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