Waldron Private Wealth LLC Purchases 119,623 Shares of Amazon.com, Inc. (NASDAQ:AMZN)

Waldron Private Wealth LLC raised its position in shares of Amazon.com, Inc. (NASDAQ:AMZNGet Rating) by 1,776.4% during the second quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 126,357 shares of the e-commerce giant’s stock after acquiring an additional 119,623 shares during the period. Waldron Private Wealth LLC’s holdings in Amazon.com were worth $13,420,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds have also bought and sold shares of the company. LRT Capital Management LLC bought a new position in shares of Amazon.com in the first quarter worth about $939,000. Bellecapital International Ltd. grew its holdings in shares of Amazon.com by 1,993.8% in the second quarter. Bellecapital International Ltd. now owns 70,644 shares of the e-commerce giant’s stock worth $7,503,000 after purchasing an additional 67,270 shares during the last quarter. Van Hulzen Asset Management LLC grew its holdings in shares of Amazon.com by 2.1% in the first quarter. Van Hulzen Asset Management LLC now owns 3,993 shares of the e-commerce giant’s stock worth $13,017,000 after purchasing an additional 82 shares during the last quarter. Bouchey Financial Group Ltd grew its holdings in shares of Amazon.com by 2,027.5% in the second quarter. Bouchey Financial Group Ltd now owns 160,326 shares of the e-commerce giant’s stock worth $17,028,000 after purchasing an additional 152,790 shares during the last quarter. Finally, Ervin Investment Management LLC grew its holdings in shares of Amazon.com by 1,900.0% in the second quarter. Ervin Investment Management LLC now owns 2,940 shares of the e-commerce giant’s stock worth $320,000 after purchasing an additional 2,793 shares during the last quarter. Institutional investors own 57.15% of the company’s stock.

Insider Buying and Selling at Amazon.com

In other Amazon.com news, CEO Adam Selipsky sold 520 shares of Amazon.com stock in a transaction dated Wednesday, September 14th. The stock was sold at an average price of $127.43, for a total value of $66,263.60. Following the completion of the transaction, the chief executive officer now directly owns 115,680 shares of the company’s stock, valued at approximately $14,741,102.40. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. In other Amazon.com news, CEO Douglas J. Herrington sold 15,787 shares of Amazon.com stock in a transaction dated Tuesday, November 15th. The stock was sold at an average price of $103.10, for a total value of $1,627,639.70. Following the completion of the transaction, the chief executive officer now directly owns 522,251 shares of the company’s stock, valued at approximately $53,844,078.10. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, CEO Adam Selipsky sold 520 shares of the business’s stock in a transaction dated Wednesday, September 14th. The stock was sold at an average price of $127.43, for a total value of $66,263.60. Following the transaction, the chief executive officer now directly owns 115,680 shares of the company’s stock, valued at $14,741,102.40. The disclosure for this sale can be found here. Insiders sold a total of 269,412 shares of company stock valued at $7,914,139 in the last three months. 12.70% of the stock is owned by corporate insiders.

Wall Street Analysts Forecast Growth

Several research analysts have issued reports on AMZN shares. Cowen dropped their target price on shares of Amazon.com from $195.00 to $150.00 and set an “outperform” rating on the stock in a report on Friday, October 28th. Monness Crespi & Hardt dropped their target price on shares of Amazon.com from $172.00 to $136.00 and set a “buy” rating on the stock in a report on Friday, October 28th. Rosenblatt Securities dropped their target price on shares of Amazon.com from $118.00 to $103.00 and set a “neutral” rating on the stock in a report on Monday, November 14th. Atlantic Securities dropped their target price on shares of Amazon.com from $160.00 to $120.00 and set an “overweight” rating on the stock in a report on Friday, October 28th. Finally, Wolfe Research dropped their target price on shares of Amazon.com from $150.00 to $130.00 and set an “outperform” rating on the stock in a report on Friday, October 28th. Two analysts have rated the stock with a sell rating, three have issued a hold rating and forty-two have assigned a buy rating to the stock. According to MarketBeat.com, Amazon.com has an average rating of “Moderate Buy” and an average price target of $150.89.

Amazon.com Stock Down 1.8 %

Shares of AMZN opened at $92.46 on Tuesday. The firm has a market cap of $943.24 billion, a P/E ratio of 84.86, a price-to-earnings-growth ratio of 6.29 and a beta of 1.23. Amazon.com, Inc. has a 12-month low of $85.87 and a 12-month high of $185.67. The company’s 50-day moving average price is $109.80 and its 200 day moving average price is $116.91. The company has a current ratio of 0.94, a quick ratio of 0.68 and a debt-to-equity ratio of 0.43.

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

Amazon.com Company 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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