Petix & Botte Co Buys 2,170 Shares of Amazon.com, Inc. (NASDAQ:AMZN)

Petix & Botte Co raised its stake in Amazon.com, Inc. (NASDAQ:AMZN) by 1,669.2% during the second quarter, HoldingsChannel reports. The institutional investor owned 2,300 shares of the e-commerce giant’s stock after acquiring an additional 2,170 shares during the period. Petix & Botte Co’s holdings in Amazon.com were worth $244,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds also recently made changes to their positions in AMZN. Kavar Capital Partners Group LLC boosted its position in shares of Amazon.com by 7.6% during 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 purchasing an additional 79 shares in the last quarter. IFM Investors Pty Ltd boosted its position in shares of Amazon.com by 21.8% during 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 purchasing an additional 13,060 shares in the last quarter. LexAurum Advisors LLC boosted its position in shares of Amazon.com by 10.7% during the 1st quarter. LexAurum Advisors LLC now owns 827 shares of the e-commerce giant’s stock valued at $2,696,000 after purchasing an additional 80 shares in the last quarter. Ironwood Wealth Management LLC. boosted its position in shares of Amazon.com by 0.8% during 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 purchasing an additional 15 shares in the last quarter. Finally, Redmond Asset Management LLC raised its stake in Amazon.com by 2.9% during the 1st quarter. Redmond Asset Management LLC now owns 1,836 shares of the e-commerce giant’s stock worth $5,985,000 after buying an additional 51 shares during the period. Institutional investors own 57.15% of the company’s stock.

Insider Buying and Selling

In related news, CEO Adam Selipsky sold 345 shares of the stock in a transaction on Tuesday, November 1st. The stock was sold at an average price of $102.00, for a total value of $35,190.00. Following the sale, the chief executive officer now owns 112,795 shares in the company, valued at $11,505,090. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. In related news, VP Shelley Reynolds sold 3,500 shares of the stock in a transaction on Monday, November 21st. The stock was sold at an average price of $94.00, for a total value of $329,000.00. Following the sale, the vice president now owns 119,780 shares in the company, valued at $11,259,320. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, CEO Adam Selipsky sold 345 shares of the stock in a transaction on Tuesday, November 1st. The stock was sold at an average price of $102.00, for a total value of $35,190.00. Following the completion of the sale, the chief executive officer now owns 112,795 shares in the company, valued at approximately $11,505,090. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 303,988 shares of company stock worth $11,164,283. Corporate insiders own 12.70% of the company’s stock.

Amazon.com Price Performance

Amazon.com stock opened at $94.13 on Thursday. Amazon.com, Inc. has a one year low of $85.87 and a one year high of $181.68. The business has a fifty day moving average price of $109.13 and a 200-day moving average price of $116.76. The company has a debt-to-equity ratio of 0.43, a current ratio of 0.94 and a quick ratio of 0.68. The firm has a market capitalization of $960.28 billion, a P/E ratio of 86.40, a PEG ratio of 6.18 and a beta of 1.23.

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

Analysts Set New Price Targets

AMZN has been the topic of a number of research reports. Benchmark dropped their price target on Amazon.com from $160.00 to $125.00 and set a “buy” rating on the stock in a research note on Friday, October 28th. Cowen dropped their price target on Amazon.com from $195.00 to $150.00 and set an “outperform” rating on the stock in a research note on Friday, October 28th. Atlantic Securities dropped their price target on Amazon.com from $160.00 to $120.00 and set an “overweight” rating on the stock in a research note on Friday, October 28th. JPMorgan Chase & Co. dropped their price target on Amazon.com from $175.00 to $145.00 and set an “overweight” rating on the stock in a research note on Friday, October 28th. Finally, Mizuho dropped their price target on Amazon.com from $155.00 to $135.00 and set a “buy” rating on the stock in a research note on Friday, October 28th. Two analysts have rated the stock with a sell rating, three have assigned a hold rating and forty-one have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus price target of $149.40.

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.

See Also

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

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