Amazon.com, Inc. (NASDAQ:AMZN) Shares Bought by ACT Wealth Management LLC

ACT Wealth Management LLC grew its holdings in shares of Amazon.com, Inc. (NASDAQ:AMZN) by 1,914.8% during the second quarter, according to its most recent Form 13F filing with the SEC. The firm owned 2,720 shares of the e-commerce giant’s stock after purchasing an additional 2,585 shares during the period. Amazon.com makes up approximately 0.2% of ACT Wealth Management LLC’s investment portfolio, making the stock its 25th largest holding. ACT Wealth Management LLC’s holdings in Amazon.com were worth $289,000 as of its most recent filing with the SEC.

Other large investors also recently modified their holdings of the company. Gibson Wealth Advisors LLC acquired a new position in shares of Amazon.com during the fourth quarter valued at $33,000. MBM Wealth Consultants LLC increased its holdings in shares of Amazon.com by 57.1% during the fourth quarter. MBM Wealth Consultants LLC now owns 11 shares of the e-commerce giant’s stock valued at $37,000 after purchasing an additional 4 shares during the period. William Allan LLC bought a new position in Amazon.com during the fourth quarter valued at about $47,000. Cardinal Capital Management Inc. bought a new position in Amazon.com during the first quarter valued at about $49,000. Finally, Security Financial Services INC. bought a new position in Amazon.com during the fourth quarter valued at about $57,000. 57.15% of the stock is owned by institutional investors and hedge funds.

Insiders Place Their Bets

In other Amazon.com news, CEO Andrew R. Jassy sold 23,620 shares of Amazon.com stock in a transaction that occurred on Monday, August 15th. The stock was sold at an average price of $142.29, for a total value of $3,360,889.80. Following the transaction, the chief executive officer now directly owns 1,892,000 shares of the company’s stock, valued at approximately $269,212,680. The sale was disclosed in a document filed with the SEC, which is accessible through this link. In other news, CEO Andrew R. Jassy sold 23,620 shares of Amazon.com stock in a transaction that occurred on Monday, August 15th. The stock was sold at an average price of $142.29, for a total transaction of $3,360,889.80. Following the sale, the chief executive officer now owns 1,892,000 shares of the company’s stock, valued at approximately $269,212,680. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, CEO Adam Selipsky sold 520 shares of Amazon.com stock in a transaction that occurred on Wednesday, September 14th. The stock was sold at an average price of $127.43, for a total value of $66,263.60. Following the sale, the chief executive officer now directly owns 115,680 shares in the company, valued at approximately $14,741,102.40. The disclosure for this sale can be found here. Insiders have sold a total of 70,628 shares of company stock valued at $9,802,599 in the last three months. Company insiders own 12.70% of the company’s stock.

Wall Street Analyst Weigh In

Several research analysts recently weighed in on AMZN shares. The Goldman Sachs Group reaffirmed a “buy” rating and set a $175.00 target price on shares of Amazon.com in a research note on Thursday, August 4th. UBS Group raised their target price on Amazon.com from $167.00 to $180.00 and gave the company a “buy” rating in a research note on Friday, July 29th. Robert W. Baird reaffirmed an “outperform” rating and set a $150.00 target price on shares of Amazon.com in a research note on Wednesday, September 7th. Deutsche Bank Aktiengesellschaft decreased their target price on Amazon.com from $174.00 to $155.00 in a research note on Thursday, July 21st. Finally, Stifel Nicolaus decreased their price target on Amazon.com from $190.00 to $185.00 in a research report on Friday, July 15th. Two research analysts have rated the stock with a sell rating, two have issued a hold rating and thirty-six have given a buy rating to the company. According to MarketBeat, Amazon.com has an average rating of “Moderate Buy” and a consensus target price of $176.61.

Amazon.com Stock Up 0.9 %

Shares of AMZN stock opened at $124.66 on Tuesday. The stock’s 50 day simple moving average is $129.52 and its 200 day simple moving average is $130.59. The company has a debt-to-equity ratio of 0.44, a quick ratio of 0.68 and a current ratio of 0.95. Amazon.com, Inc. has a twelve month low of $101.26 and a twelve month high of $188.11. The company has a market capitalization of $1.27 trillion, a price-to-earnings ratio of 111.75, a PEG ratio of 5.51 and a beta of 1.33.

Amazon.com (NASDAQ:AMZNGet Rating) last issued its quarterly earnings results on Thursday, July 28th. The e-commerce giant reported ($0.20) EPS for the quarter, missing the consensus estimate of $0.15 by ($0.35). The business had revenue of $121.23 billion during the quarter, compared to the consensus estimate of $119.16 billion. Amazon.com had a return on equity of 15.79% and a net margin of 2.39%. The business’s quarterly revenue was up 7.2% on a year-over-year basis. During the same period in the prior year, the firm earned $0.76 earnings per share. As a group, research analysts predict that Amazon.com, Inc. will post 0.99 EPS for the current year.

About Amazon.com

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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.

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

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