180 Wealth Advisors LLC Has $10.43 Million Holdings in Amazon.com, Inc. (NASDAQ:AMZN)

180 Wealth Advisors LLC boosted its position in shares of Amazon.com, Inc. (NASDAQ:AMZN) by 2,011.2% in the 2nd quarter, HoldingsChannel reports. The institutional investor owned 95,214 shares of the e-commerce giant’s stock after buying an additional 90,704 shares during the period. Amazon.com accounts for 2.7% of 180 Wealth Advisors LLC’s investment portfolio, making the stock its 3rd largest position. 180 Wealth Advisors LLC’s holdings in Amazon.com were worth $10,432,000 as of its most recent filing with the Securities & Exchange Commission.

Other large investors have also bought and sold shares of the company. Chartist Inc. CA boosted its position in shares of Amazon.com by 10.1% in the 4th quarter. Chartist Inc. CA now owns 317 shares of the e-commerce giant’s stock valued at $1,057,000 after purchasing an additional 29 shares during the period. Fort Point Capital Partners LLC boosted its position in shares of Amazon.com by 5.1% in the 4th quarter. Fort Point Capital Partners LLC now owns 3,525 shares of the e-commerce giant’s stock valued at $11,754,000 after purchasing an additional 170 shares during the period. Evolutionary Tree Capital Management LLC boosted its position in shares of Amazon.com by 23.1% in the 4th quarter. Evolutionary Tree Capital Management LLC now owns 1,834 shares of the e-commerce giant’s stock valued at $6,115,000 after purchasing an additional 344 shares during the period. Headinvest LLC boosted its position in Amazon.com by 12.3% during the 4th quarter. Headinvest LLC now owns 986 shares of the e-commerce giant’s stock worth $3,288,000 after acquiring an additional 108 shares during the period. Finally, Hoylecohen LLC boosted its position in Amazon.com by 4.2% during the 4th quarter. Hoylecohen LLC now owns 8,389 shares of the e-commerce giant’s stock worth $27,972,000 after acquiring an additional 338 shares during the period. Institutional investors own 57.15% of the company’s stock.

Amazon.com Price Performance

Shares of NASDAQ:AMZN opened at $122.19 on Wednesday. Amazon.com, Inc. has a 1-year low of $101.26 and a 1-year high of $188.11. The firm has a market capitalization of $1.24 trillion, a PE ratio of 109.54, a PEG ratio of 5.51 and a beta of 1.33. The business’s 50 day moving average is $129.77 and its 200-day moving average is $130.45. The company has a current ratio of 0.95, a quick ratio of 0.68 and a debt-to-equity ratio of 0.44.

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

Wall Street Analysts Forecast Growth

A number of equities research analysts have commented on AMZN shares. Jefferies Financial Group decreased their price objective on Amazon.com from $163.00 to $150.00 in a research report on Wednesday, July 20th. Deutsche Bank Aktiengesellschaft decreased their price objective on Amazon.com from $174.00 to $155.00 in a research report on Thursday, July 21st. Rosenblatt Securities raised their price objective on Amazon.com to $118.00 and gave the stock a “neutral” rating in a research report on Friday, July 29th. JPMorgan Chase & Co. cut their price target on Amazon.com from $200.00 to $175.00 and set an “overweight” rating for the company in a research note on Wednesday, June 29th. Finally, StockNews.com raised Amazon.com from a “sell” rating to a “hold” rating in a research note on Monday, August 1st. Two analysts have rated the stock with a sell rating, two have assigned a hold rating and thirty-six have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average price target of $176.61.

Insider Transactions at Amazon.com

In other news, 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 transaction of $66,263.60. Following the sale, the chief executive officer now owns 115,680 shares of the company’s stock, valued at approximately $14,741,102.40. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. In related news, CEO Adam Selipsky sold 520 shares of the business’s stock in a transaction 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 owns 115,680 shares of the company’s stock, valued at approximately $14,741,102.40. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, VP Shelley Reynolds sold 3,480 shares of the business’s stock in a transaction on Monday, August 22nd. The shares were 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 directly owns 119,780 shares in the company, valued at approximately $16,078,069.40. The disclosure for this sale can be found here. In the last quarter, insiders have sold 70,628 shares of company stock valued at $9,802,599. 12.70% of the stock is owned by corporate insiders.

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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