Winch Advisory Services LLC lowered its position in Amazon.com, Inc. (NASDAQ:AMZN – Free Report) by 0.3% in the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 95,451 shares of the e-commerce giant’s stock after selling 247 shares during the quarter. Amazon.com accounts for about 3.8% of Winch Advisory Services LLC’s holdings, making the stock its 7th largest position. Winch Advisory Services LLC’s holdings in Amazon.com were worth $9,859,000 at the end of the most recent reporting period.
Several other institutional investors also recently modified their holdings of AMZN. Northwest Bancshares Inc. raised its stake in shares of Amazon.com by 3.7% in the first quarter. Northwest Bancshares Inc. now owns 6,452 shares of the e-commerce giant’s stock valued at $666,000 after acquiring an additional 232 shares during the last quarter. Meiji Yasuda Life Insurance Co lifted its stake in shares of Amazon.com by 6.5% during the first quarter. Meiji Yasuda Life Insurance Co now owns 196,741 shares of the e-commerce giant’s stock valued at $20,321,000 after acquiring an additional 11,942 shares during the period. Innovis Asset Management LLC lifted its position in Amazon.com by 2.5% during the 1st quarter. Innovis Asset Management LLC now owns 25,512 shares of the e-commerce giant’s stock valued at $2,635,000 after purchasing an additional 617 shares during the period. Simplify Asset Management Inc. bought a new position in Amazon.com in the first quarter valued at approximately $299,000. Finally, Bell Investment Advisors Inc boosted its position in shares of Amazon.com by 68.1% in the 1st quarter. Bell Investment Advisors Inc now owns 2,405 shares of the e-commerce giant’s stock worth $248,000 after purchasing an additional 974 shares during the last quarter. Institutional investors and hedge funds own 57.96% of the company’s stock.
Insider Activity at Amazon.com
In other Amazon.com news, major shareholder Amazon Com Inc sold 1,177,000 shares of the firm’s stock in a transaction dated Wednesday, August 9th. The stock was sold at an average price of $19.50, for a total value of $22,951,500.00. Following the completion of the transaction, the insider now owns 12,741,445 shares in the company, valued at approximately $248,458,177.50. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. In other news, major shareholder Amazon Com Inc sold 1,177,000 shares of the stock in a transaction dated Wednesday, August 9th. The shares were sold at an average price of $19.50, for a total value of $22,951,500.00. Following the sale, the insider now directly owns 12,741,445 shares of the company’s stock, valued at $248,458,177.50. The sale was disclosed in a legal filing with the SEC, which is available at this link. Also, VP Shelley Reynolds sold 3,100 shares of the business’s stock in a transaction that occurred on Monday, August 21st. The shares were sold at an average price of $133.87, for a total transaction of $414,997.00. Following the transaction, the vice president now directly owns 119,780 shares of the company’s stock, valued at approximately $16,034,948.60. The disclosure for this sale can be found here. In the last three months, insiders have sold 1,361,829 shares of company stock worth $48,444,937. 12.70% of the stock is owned by company insiders.
Amazon.com Price Performance
Amazon.com (NASDAQ:AMZN – Get Free Report) last released its quarterly earnings data on Thursday, August 3rd. The e-commerce giant reported $0.63 EPS for the quarter, topping the consensus estimate of $0.34 by $0.29. Amazon.com had a net margin of 2.43% and a return on equity of 9.14%. The company had revenue of $134.38 billion during the quarter, compared to the consensus estimate of $131.54 billion. Equities analysts forecast that Amazon.com, Inc. will post 2.23 EPS for the current year.
Analyst Ratings Changes
A number of equities analysts have recently weighed in on the stock. StockNews.com raised shares of Amazon.com from a “hold” rating to a “buy” rating in a report on Wednesday, August 30th. Rosenblatt Securities upgraded shares of Amazon.com from a “neutral” rating to a “buy” rating and lifted their price objective for the company from $111.00 to $184.00 in a report on Friday, August 4th. Wolfe Research increased their price target on Amazon.com from $140.00 to $150.00 in a research report on Monday, July 10th. CICC Research assumed coverage on shares of Amazon.com in a research note on Sunday, July 9th. They set an “outperform” rating on the stock. Finally, UBS Group boosted their target price on Amazon.com from $150.00 to $175.00 and gave the stock a “buy” rating in a report on Friday, August 4th. Two equities research analysts have rated the stock with a hold rating and forty-eight have issued a buy rating to the company’s stock. According to MarketBeat, Amazon.com has an average rating of “Moderate Buy” and an average price target of $160.87.
Check Out Our Latest Report on Amazon.com
Amazon.com Profile
Amazon.com, Inc engages in the retail sale of consumer products and subscriptions through online and physical stores in North America and internationally. It operates through three segments: North America, International, and Amazon Web Services (AWS). The company's products offered through its stores include merchandise and content purchased for resale; and products offered by third-party sellers.
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