Amazon.com, Inc. (NASDAQ:AMZN) Shares Acquired by Wealth Effects LLC

Wealth Effects LLC lifted its stake in Amazon.com, Inc. (NASDAQ:AMZN) by 1,970.3% in the second quarter, HoldingsChannel reports. The institutional investor owned 60,681 shares of the e-commerce giant’s stock after buying an additional 57,750 shares during the quarter. Amazon.com makes up about 3.9% of Wealth Effects LLC’s holdings, making the stock its 2nd biggest holding. Wealth Effects LLC’s holdings in Amazon.com were worth $6,445,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Kavar Capital Partners Group LLC increased its stake in shares of Amazon.com by 7.6% in the 1st quarter. Kavar Capital Partners Group LLC now owns 1,121 shares of the e-commerce giant’s stock valued at $3,654,000 after buying an additional 79 shares during the period. IFM Investors Pty Ltd increased its stake in shares of Amazon.com by 21.8% in the 1st quarter. IFM Investors Pty Ltd now owns 72,911 shares of the e-commerce giant’s stock valued at $237,686,000 after buying an additional 13,060 shares during the period. LexAurum Advisors LLC increased its stake in shares of Amazon.com by 10.7% in the 1st quarter. LexAurum Advisors LLC now owns 827 shares of the e-commerce giant’s stock valued at $2,696,000 after buying an additional 80 shares during the period. Ironwood Wealth Management LLC. increased its stake in shares of Amazon.com by 0.8% in the 1st quarter. Ironwood Wealth Management LLC. now owns 1,810 shares of the e-commerce giant’s stock valued at $5,901,000 after buying an additional 15 shares during the period. Finally, Redmond Asset Management LLC increased its stake in shares of Amazon.com by 2.9% in the 1st quarter. Redmond Asset Management LLC now owns 1,836 shares of the e-commerce giant’s stock valued at $5,985,000 after buying an additional 51 shares during the period. 57.15% of the stock is owned by institutional investors and hedge funds.

Insider Buying and Selling at Amazon.com

In other news, CEO Adam Selipsky sold 520 shares of the business’s stock in a transaction on Wednesday, September 14th. The shares were sold at an average price of $127.43, for a total transaction of $66,263.60. Following the completion of the transaction, the chief executive officer now directly owns 115,680 shares in the company, valued at approximately $14,741,102.40. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. In other news, CEO Adam Selipsky sold 520 shares of the business’s stock in a transaction on Wednesday, September 14th. The shares were sold at an average price of $127.43, for a total transaction of $66,263.60. Following the completion of the transaction, the chief executive officer now directly owns 115,680 shares in the company, valued at approximately $14,741,102.40. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Daniel P. Huttenlocher sold 1,720 shares of the business’s stock in a transaction on Thursday, November 17th. The shares were sold at an average price of $95.70, for a total transaction of $164,604.00. Following the transaction, the director now owns 22,440 shares of the company’s stock, valued at $2,147,508. The disclosure for this sale can be found here. Insiders have sold 269,412 shares of company stock valued at $7,914,139 in the last 90 days. 12.70% of the stock is currently owned by company insiders.

Analyst Ratings Changes

Several research analysts have recently issued reports on AMZN shares. Canaccord Genuity Group raised their price target on Amazon.com from $185.00 to $200.00 in a research report on Friday, July 29th. Needham & Company LLC reduced their price target on Amazon.com from $175.00 to $120.00 and set a “buy” rating on the stock in a research report on Friday, October 28th. Wedbush reduced their price target on Amazon.com from $175.00 to $140.00 and set an “outperform” rating on the stock in a research report on Friday, October 28th. Telsey Advisory Group reduced their price target on Amazon.com from $150.00 to $140.00 and set an “outperform” rating on the stock in a research report on Friday, October 28th. Finally, JMP Securities reduced their target price on Amazon.com from $150.00 to $140.00 and set an “outperform” rating on the stock in a report on Friday, October 28th. Two research analysts have rated the stock with a sell rating, three have assigned a hold rating and forty-two have given a buy rating to the company’s stock. According to data from MarketBeat, Amazon.com currently has a consensus rating of “Moderate Buy” and a consensus price target of $150.89.

Amazon.com Stock Performance

NASDAQ AMZN opened at $94.14 on Monday. The company has a quick ratio of 0.68, a current ratio of 0.94 and a debt-to-equity ratio of 0.43. The company has a market capitalization of $960.38 billion, a price-to-earnings ratio of 86.41, a PEG ratio of 7.48 and a beta of 1.23. The stock has a fifty day simple moving average of $110.68 and a 200 day simple moving average of $117.08. Amazon.com, Inc. has a twelve month low of $85.87 and a twelve month high of $188.11.

Amazon.com (NASDAQ:AMZNGet Rating) last released its quarterly earnings data on Thursday, October 27th. The e-commerce giant reported $0.28 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.22 by $0.06. Amazon.com had a net margin of 2.25% and a return on equity of 14.44%. The company had revenue of $127.10 billion for the quarter, compared to analysts’ expectations of $127.47 billion. During the same quarter in the prior year, the firm earned $0.31 EPS. The business’s revenue was up 14.7% on a year-over-year basis. Sell-side analysts expect that Amazon.com, Inc. will post 0.74 EPS for the current year.

Amazon.com Profile

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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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