San Luis Wealth Advisors LLC Takes Position in Amazon.com, Inc. (NASDAQ:AMZN)

San Luis Wealth Advisors LLC bought a new stake in Amazon.com, Inc. (NASDAQ:AMZNGet Rating) during the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm bought 1,104 shares of the e-commerce giant’s stock, valued at approximately $3,681,000. Amazon.com makes up approximately 1.8% of San Luis Wealth Advisors LLC’s investment portfolio, making the stock its 11th biggest position.

Other large investors also recently modified their holdings of the company. Gibson Wealth Advisors LLC bought a new position in shares of Amazon.com in the fourth quarter valued at approximately $33,000. Leverty Financial Group LLC bought a new stake in Amazon.com during the fourth quarter worth $36,000. MBM Wealth Consultants LLC lifted its holdings in Amazon.com by 57.1% during the fourth quarter. MBM Wealth Consultants LLC now owns 11 shares of the e-commerce giant’s stock worth $37,000 after acquiring an additional 4 shares during the period. Industrial Alliance Investment Management Inc. bought a new stake in Amazon.com during the fourth quarter worth $39,000. Finally, William Allan LLC bought a new stake in Amazon.com during the fourth quarter worth $47,000. Institutional investors own 57.15% of the company’s stock.

Wall Street Analyst Weigh In

AMZN has been the topic of a number of recent analyst reports. Stifel Nicolaus dropped their price target on Amazon.com from $190.00 to $185.00 in a report on Friday, July 15th. Tigress Financial reiterated a “buy” rating and set a $232.00 price target on shares of Amazon.com in a report on Wednesday, June 29th. DA Davidson reiterated a “buy” rating and set a $151.00 price target on shares of Amazon.com in a report on Friday, August 5th. Barclays raised their target price on Amazon.com from $195.00 to $200.00 and gave the stock an “overweight” rating in a research report on Friday, July 29th. Finally, Citigroup raised their target price on Amazon.com to $185.00 in a research report on Tuesday, August 9th. Two research analysts have rated the stock with a sell rating, two have issued a hold rating and thirty-seven have issued a buy rating to the company’s stock. According to data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average target price of $177.99.

Amazon.com Trading Down 0.2 %

Shares of AMZN stock opened at $127.51 on Monday. The company has a quick ratio of 0.68, a current ratio of 0.95 and a debt-to-equity ratio of 0.44. The business has a 50-day moving average price of $125.52 and a two-hundred day moving average price of $132.89. Amazon.com, Inc. has a 12-month low of $101.26 and a 12-month high of $188.11. The firm has a market cap of $1.30 trillion, a P/E ratio of 114.31, a price-to-earnings-growth ratio of 5.83 and a beta of 1.33.

Amazon.com (NASDAQ:AMZNGet Rating) last released its earnings results on Thursday, July 28th. The e-commerce giant reported ($0.20) earnings per share for the quarter, missing analysts’ consensus estimates of $0.15 by ($0.35). Amazon.com had a net margin of 2.39% and a return on equity of 15.79%. The company had revenue of $121.23 billion during the quarter, compared to the consensus estimate of $119.16 billion. During the same period last year, the firm posted $0.76 EPS. The company’s revenue was up 7.2% on a year-over-year basis. Equities analysts anticipate that Amazon.com, Inc. will post 0.98 EPS for the current fiscal year.

Insider Activity

In other news, VP Shelley Reynolds sold 3,480 shares of the business’s stock in a transaction dated Monday, August 22nd. The stock was sold at an average price of $134.23, for a total value of $467,120.40. Following the completion of the sale, the vice president now owns 119,780 shares of the company’s stock, valued at approximately $16,078,069.40. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. In other news, VP Shelley Reynolds sold 3,480 shares of the business’s stock in a transaction dated Monday, August 22nd. The stock was sold at an average price of $134.23, for a total value of $467,120.40. Following the completion of the sale, the vice president now owns 119,780 shares of the company’s stock, valued at approximately $16,078,069.40. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. Also, CEO Andrew R. Jassy sold 23,620 shares of the business’s stock in a transaction dated Monday, August 15th. The shares were sold at an average price of $142.29, for a total value of $3,360,889.80. Following the completion of the sale, the chief executive officer now directly owns 1,892,000 shares of the company’s stock, valued at approximately $269,212,680. The disclosure for this sale can be found here. In the last quarter, insiders sold 70,108 shares of company stock valued at $9,736,335. Insiders own 12.70% of the company’s stock.

Amazon.com Company Profile

(Get Rating)

Amazon.com, Inc engages in the retail sale of consumer products and subscriptions in North America and internationally. The company operates through three segments: North America, International, and Amazon Web Services (AWS). It sells merchandise and content purchased for resale from third-party sellers through physical and online stores.

See Also

Institutional Ownership by Quarter for Amazon.com (NASDAQ:AMZN)

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