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

Thrive Wealth Management LLC raised its stake in Amazon.com, Inc. (NASDAQ:AMZN) by 2,008.7% in the second quarter, HoldingsChannel reports. The fund owned 10,628 shares of the e-commerce giant’s stock after purchasing an additional 10,124 shares during the period. Thrive Wealth Management LLC’s holdings in Amazon.com were worth $1,129,000 as of its most recent filing with the Securities and Exchange Commission.

Other large investors also recently bought and sold shares of the company. Gibson Wealth Advisors LLC acquired a new position in shares of Amazon.com during the 4th quarter worth approximately $33,000. MBM Wealth Consultants LLC raised its stake in shares of Amazon.com by 57.1% during the 4th quarter. MBM Wealth Consultants LLC now owns 11 shares of the e-commerce giant’s stock worth $37,000 after buying an additional 4 shares during the period. Swaine & Leidel Wealth Services LLC acquired a new position in shares of Amazon.com during the 1st quarter worth approximately $38,000. William Allan LLC acquired a new position in shares of Amazon.com during the 4th quarter worth approximately $47,000. Finally, Cardinal Capital Management Inc. acquired a new position in shares of Amazon.com during the 1st quarter worth approximately $49,000. 57.15% of the stock is owned by institutional investors and hedge funds.

Amazon.com Price Performance

AMZN opened at $122.19 on Wednesday. The stock’s 50-day moving average price is $129.77 and its 200 day moving average price is $130.45. Amazon.com, Inc. has a 12-month low of $101.26 and a 12-month high of $188.11. The company has a current ratio of 0.95, a quick ratio of 0.68 and a debt-to-equity ratio of 0.44. The firm has a market cap of $1.24 trillion, a price-to-earnings ratio of 109.54, a PEG ratio of 5.51 and a beta of 1.33.

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

Insider Buying and Selling at Amazon.com

In other Amazon.com news, VP Shelley Reynolds sold 3,480 shares of the 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 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 Securities & Exchange Commission, which is available through the SEC website. In other news, CEO Adam Selipsky sold 520 shares of the firm’s stock in a transaction dated 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 filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, VP Shelley Reynolds sold 3,480 shares of the firm’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 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. Insiders have sold 70,628 shares of company stock valued at $9,802,599 in the last quarter. Corporate insiders own 12.70% of the company’s stock.

Analyst Ratings Changes

Several research analysts have recently weighed in on the company. Itau BBA Securities assumed coverage on Amazon.com in a research note on Tuesday, July 26th. They set an “outperform” rating and a $146.00 target price for the company. Telsey Advisory Group increased their price objective on Amazon.com from $145.00 to $150.00 and gave the company an “outperform” rating in a research note on Friday, July 29th. Itaú Unibanco began coverage on Amazon.com in a research note on Tuesday, July 26th. They issued an “outperform” rating and a $146.00 price objective for the company. JPMorgan Chase & Co. reduced their price objective 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, Credit Suisse Group reduced their price objective on Amazon.com from $185.00 to $170.00 and set an “outperform” rating for the company in a research note on Tuesday, July 26th. Two research analysts have rated the stock with a sell rating, two have assigned a hold rating and thirty-six have given a buy rating to the company. According to MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $176.61.

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

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

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