Gitterman Wealth Management LLC Has $296,000 Holdings in Amazon.com, Inc. (NASDAQ:AMZN)

Gitterman Wealth Management LLC grew its holdings in shares of Amazon.com, Inc. (NASDAQ:AMZN) by 1,900.0% during the second quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 2,800 shares of the e-commerce giant’s stock after purchasing an additional 2,660 shares during the period. Gitterman Wealth Management LLC’s holdings in Amazon.com were worth $296,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also recently made changes to their positions in the business. LRT Capital Management LLC acquired a new stake in shares of Amazon.com during the 1st quarter worth approximately $939,000. Bellecapital International Ltd. boosted its position in shares of Amazon.com by 1,993.8% during the 2nd quarter. Bellecapital International Ltd. now owns 70,644 shares of the e-commerce giant’s stock worth $7,503,000 after acquiring an additional 67,270 shares in the last quarter. Van Hulzen Asset Management LLC boosted its position in shares of Amazon.com by 2.1% during the 1st quarter. Van Hulzen Asset Management LLC now owns 3,993 shares of the e-commerce giant’s stock worth $13,017,000 after acquiring an additional 82 shares in the last quarter. Bouchey Financial Group Ltd boosted its position in shares of Amazon.com by 2,027.5% during the 2nd quarter. Bouchey Financial Group Ltd now owns 160,326 shares of the e-commerce giant’s stock worth $17,028,000 after acquiring an additional 152,790 shares in the last quarter. Finally, Ervin Investment Management LLC boosted its position in shares of Amazon.com by 1,900.0% during the 2nd quarter. Ervin Investment Management LLC now owns 2,940 shares of the e-commerce giant’s stock worth $320,000 after acquiring an additional 2,793 shares in the last quarter. Institutional investors and hedge funds own 57.15% of the company’s stock.

Analysts Set New Price Targets

AMZN has been the topic of several analyst reports. Robert W. Baird reduced their price target on shares of Amazon.com from $150.00 to $130.00 and set an “outperform” rating on the stock in a research report on Friday, October 28th. Cowen reduced their price target on shares of Amazon.com from $195.00 to $150.00 and set an “outperform” rating on the stock in a research report on Friday, October 28th. Oppenheimer dropped their price objective on shares of Amazon.com from $165.00 to $130.00 and set an “outperform” rating for the company in a research note on Friday, October 28th. Piper Sandler dropped their price objective on shares of Amazon.com from $175.00 to $125.00 and set an “overweight” rating for the company in a research note on Friday, October 28th. Finally, Wolfe Research dropped their price objective on shares of Amazon.com from $150.00 to $130.00 and set an “outperform” rating for the company in a research note on Friday, October 28th. Two research analysts have rated the stock with a sell rating, three have issued a hold rating and forty-two have issued a buy rating to the stock. According to data from MarketBeat, Amazon.com currently has an average rating of “Moderate Buy” and an average target price of $150.89.

Amazon.com Stock Down 0.7 %

Amazon.com stock opened at $94.14 on Monday. Amazon.com, Inc. has a fifty-two week low of $85.87 and a fifty-two week high of $188.11. The stock has a market cap of $960.38 billion, a PE ratio of 86.41, a price-to-earnings-growth ratio of 7.48 and a beta of 1.23. The firm’s 50-day simple moving average is $110.68 and its 200 day simple moving average is $117.08. The company has a debt-to-equity ratio of 0.43, a quick ratio of 0.68 and a current ratio of 0.94.

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

Insider Buying and Selling

In other Amazon.com news, Director Daniel P. Huttenlocher sold 1,720 shares of Amazon.com stock in a transaction dated Thursday, November 17th. The shares were sold at an average price of $95.70, for a total value of $164,604.00. Following the sale, the director now owns 22,440 shares of the company’s stock, valued at $2,147,508. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. In other Amazon.com news, CEO Adam Selipsky sold 520 shares of Amazon.com stock in a transaction dated Thursday, September 29th. The shares were sold at an average price of $114.61, for a total value of $59,597.20. Following the sale, the chief executive officer now owns 114,660 shares of the company’s stock, valued at $13,141,182.60. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, Director Daniel P. Huttenlocher sold 1,720 shares of the business’s stock in a transaction that occurred 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 completion of the sale, the director now directly owns 22,440 shares in the company, valued at approximately $2,147,508. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 269,412 shares of company stock worth $7,914,139. 12.70% of the stock is owned by 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.

Further Reading

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

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