Aurora Private Wealth Inc. lessened its stake in Amazon.com, Inc. (NASDAQ:AMZN – Free Report) by 3.7% in the 2nd quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 15,085 shares of the e-commerce giant’s stock after selling 582 shares during the period. Amazon.com comprises 2.4% of Aurora Private Wealth Inc.’s portfolio, making the stock its 9th biggest holding. Aurora Private Wealth Inc.’s holdings in Amazon.com were worth $3,309,000 as of its most recent filing with the SEC.
A number of other hedge funds also recently modified their holdings of the company. Carderock Capital Management Inc. acquired a new stake in shares of Amazon.com during the 2nd quarter valued at about $27,000. Cooksen Wealth LLC bought a new position in Amazon.com during the first quarter worth about $36,000. Inlight Wealth Management LLC bought a new position in Amazon.com during the first quarter worth about $40,000. Maryland Capital Advisors Inc. lifted its stake in Amazon.com by 81.9% during the second quarter. Maryland Capital Advisors Inc. now owns 211 shares of the e-commerce giant’s stock worth $46,000 after purchasing an additional 95 shares during the period. Finally, Capitol Family Office Inc. bought a new position in Amazon.com during the first quarter worth about $42,000. Institutional investors own 72.20% of the company’s stock.
Amazon.com Stock Down 3.2%
NASDAQ AMZN opened at $222.86 on Friday. The stock has a fifty day moving average of $225.19 and a 200-day moving average of $215.39. The stock has a market capitalization of $2.38 trillion, a P/E ratio of 33.97, a price-to-earnings-growth ratio of 1.52 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 Transactions at Amazon.com
In other news, CEO Matthew S. Garman sold 17,785 shares of Amazon.com stock in a transaction that occurred on Thursday, August 21st. The shares were sold at an average price of $221.57, for a total transaction of $3,940,622.45. Following the completion of the sale, the chief executive officer owned 3,138 shares in the company, valued at $695,286.66. The trade was a 85.00% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, VP Shelley Reynolds sold 2,715 shares of Amazon.com stock in a transaction that occurred on Thursday, August 21st. The stock was sold at an average price of $221.64, for a total transaction of $601,752.60. Following the sale, the vice president owned 119,780 shares of the company’s stock, valued at approximately $26,548,039.20. This represents a 2.22% decrease in their position. The SEC filing for this sale provides additional information. Over the last 90 days, insiders sold 95,411 shares of company stock valued at $21,222,702. 9.70% of the stock is currently owned by insiders.
Analyst Upgrades and Downgrades
AMZN has been the subject of several analyst reports. Stifel Nicolaus raised their target price on Amazon.com from $260.00 to $269.00 and gave the stock a “buy” rating in a research report on Friday, October 24th. 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. 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. Wall Street Zen upgraded shares of Amazon.com from a “hold” rating to a “buy” rating in a research report on Saturday, August 2nd. Finally, Wedbush increased their target price on shares of Amazon.com from $250.00 to $280.00 and gave the stock an “outperform” rating in a research report on Friday, October 24th. Four investment analysts have rated the stock with a Strong Buy rating, forty-eight have assigned a Buy rating and one has assigned a Hold rating to the company. According to data from MarketBeat, the stock presently has an average rating of “Buy” and an average price target of $268.54.
View Our Latest Research Report on AMZN
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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