Winthrop Advisory Group LLC raised its stake in shares of Amazon.com, Inc. (NASDAQ:AMZN) by 22.1% in the second quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor owned 46,359 shares of the e-commerce giant’s stock after buying an additional 8,393 shares during the quarter. Amazon.com comprises 1.0% of Winthrop Advisory Group LLC’s portfolio, making the stock its 18th largest holding. Winthrop Advisory Group LLC’s holdings in Amazon.com were worth $10,171,000 as of its most recent filing with the Securities & Exchange Commission.
A number of other hedge funds have also added to or reduced their stakes in the stock. Western Wealth Management LLC boosted its position in shares of Amazon.com by 0.9% during the 1st quarter. Western Wealth Management LLC now owns 140,122 shares of the e-commerce giant’s stock valued at $26,660,000 after acquiring an additional 1,297 shares during the last quarter. Flaharty Asset Management LLC boosted its position in shares of Amazon.com by 87.7% during the 1st quarter. Flaharty Asset Management LLC now owns 5,088 shares of the e-commerce giant’s stock valued at $968,000 after acquiring an additional 2,377 shares during the last quarter. Barnes Dennig Private Wealth Management LLC bought a new stake in shares of Amazon.com during the 1st quarter valued at about $514,000. Border to Coast Pensions Partnership Ltd boosted its position in shares of Amazon.com by 6.0% during the 2nd 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 acquiring an additional 63,924 shares during the last quarter. Finally, Generali Investments CEE investicni spolecnost a.s. boosted its position in shares of Amazon.com by 5.3% during the 2nd 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 acquiring 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 Performance
NASDAQ:AMZN opened at $224.21 on Monday. The business has a 50 day moving average of $225.10 and a 200 day moving average of $214.44. The company has a market capitalization of $2.39 trillion, a price-to-earnings ratio of 34.18, a PEG ratio of 1.48 and a beta of 1.28. Amazon.com, Inc. has a 1-year low of $161.38 and a 1-year high of $242.52. The company has a debt-to-equity ratio of 0.15, a current ratio of 1.02 and a quick ratio of 0.81.
Insider Transactions at Amazon.com
In other Amazon.com news, 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 completion of the sale, the senior vice president owned 44,110 shares in the company, valued at approximately $9,825,943.60. The trade was a 23.53% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, VP Shelley Reynolds sold 2,715 shares of the business’s stock in a transaction that occurred 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 owned 119,780 shares of the company’s stock, valued at $26,548,039.20. The trade was a 2.22% decrease in their position. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 97,911 shares of company stock valued at $21,765,202. Insiders own 10.80% of the company’s stock.
Wall Street Analyst Weigh In
A number of analysts have recently issued reports on AMZN shares. The Goldman Sachs Group lifted their price target on Amazon.com from $240.00 to $275.00 and gave the company a “buy” rating in a research report on Friday, October 3rd. Royal Bank Of Canada lifted their price target on Amazon.com from $230.00 to $240.00 and gave the company an “outperform” rating in a research report on Friday, August 1st. Weiss Ratings downgraded Amazon.com from a “buy (b-)” rating to a “hold (c+)” rating in a research report on Friday. Oppenheimer dropped their price target 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. Finally, Wedbush boosted their target price on Amazon.com from $250.00 to $280.00 and gave the stock an “outperform” rating in a research report on Friday. Four investment 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 data from MarketBeat.com, Amazon.com presently has an average rating of “Buy” and a consensus target price of $268.69.
Read Our Latest Stock Analysis on Amazon.com
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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