Amazon.com, Inc. (NASDAQ:AMZN) Shares Sold by MGO Private Wealth LLC

Posted by Defense World Staff on Sep 25th, 2023

MGO Private Wealth LLC lowered its holdings in shares of Amazon.com, Inc. (NASDAQ:AMZN – Free Report) by 3.4% in the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 15,705 shares of the e-commerce giant’s stock after selling 559 shares during the period. Amazon.com comprises 1.5% of MGO Private Wealth LLC’s portfolio, making the stock its 19th largest holding. MGO Private Wealth LLC’s holdings in Amazon.com were worth $2,047,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. USAdvisors Wealth Management LLC raised its position in Amazon.com by 12.5% during the fourth quarter. USAdvisors Wealth Management LLC now owns 3,242 shares of the e-commerce giant’s stock worth $272,000 after acquiring an additional 359 shares during the last quarter. McGlone Suttner Wealth Management Inc. acquired a new position in shares of Amazon.com in the fourth quarter valued at approximately $426,000. Mayfair Advisory Group LLC raised its position in shares of Amazon.com by 12.0% in the first quarter. Mayfair Advisory Group LLC now owns 4,561 shares of the e-commerce giant’s stock valued at $468,000 after buying an additional 488 shares during the last quarter. Little House Capital LLC raised its position in shares of Amazon.com by 6.3% in the first quarter. Little House Capital LLC now owns 37,942 shares of the e-commerce giant’s stock valued at $3,919,000 after buying an additional 2,251 shares during the last quarter. Finally, Institute for Wealth Management LLC. raised its position in shares of Amazon.com by 8.7% in the first quarter. Institute for Wealth Management LLC. now owns 90,790 shares of the e-commerce giant’s stock valued at $9,378,000 after buying an additional 7,285 shares during the last quarter. Institutional investors and hedge funds own 57.96% of the company’s stock.

Wall Street Analysts Forecast Growth

AMZN has been the subject of a number of analyst reports. Canaccord Genuity Group boosted their price objective on shares of Amazon.com from $160.00 to $170.00 and gave the company a “buy” rating in a research report on Friday, August 4th. Piper Sandler boosted their price objective on shares of Amazon.com from $175.00 to $185.00 and gave the company an “overweight” rating in a research report on Thursday, August 24th. Redburn Partners boosted their price objective on shares of Amazon.com from $220.00 to $230.00 and gave the company a “buy” rating in a research report on Friday, August 11th. Susquehanna upped their price target on shares of Amazon.com from $150.00 to $185.00 and gave the stock a “positive” rating in a research report on Friday, August 4th. Finally, Wedbush reaffirmed an “outperform” rating and set a $180.00 price target on shares of Amazon.com in a research report on Friday, September 15th. Three research analysts have rated the stock with a hold rating and forty-seven have assigned a buy rating to the company. Based on data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $161.22.

Get Our Latest Analysis on AMZN

Amazon.com Trading Down 0.2 %

Amazon.com stock opened at $129.12 on Monday. The firm’s 50-day moving average is $135.38 and its 200-day moving average is $120.67. The company has a debt-to-equity ratio of 0.37, a quick ratio of 0.70 and a current ratio of 0.95. Amazon.com, Inc. has a 1 year low of $81.43 and a 1 year high of $145.86. The company has a market cap of $1.33 trillion, a P/E ratio of 101.67, a PEG ratio of 1.71 and a beta of 1.24.

Amazon.com (NASDAQ:AMZN – Get Free Report) last posted its quarterly earnings results on Thursday, August 3rd. The e-commerce giant reported $0.63 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates 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 for the quarter, compared to the consensus estimate of $131.54 billion. On average, equities analysts expect that Amazon.com, Inc. will post 2.23 earnings per share for the current year.

Insider Activity at Amazon.com

In related news, CEO Adam Selipsky sold 500 shares of Amazon.com stock in a transaction dated Thursday, July 6th. The shares were sold at an average price of $128.17, for a total value of $64,085.00. Following the sale, the chief executive officer now directly owns 150,780 shares in the company, valued at approximately $19,325,472.60. The sale was disclosed in a legal filing with the SEC, which is available at the SEC website. In other Amazon.com news, CEO Adam Selipsky sold 500 shares of the business’s stock in a transaction dated Thursday, July 6th. The shares were sold at an average price of $128.17, for a total transaction of $64,085.00. Following the sale, the chief executive officer now directly owns 150,780 shares in the company, valued at approximately $19,325,472.60. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Also, CEO Douglas J. Herrington sold 4,000 shares of the business’s stock in a transaction dated Tuesday, August 1st. The stock was sold at an average price of $133.55, for a total transaction of $534,200.00. Following the sale, the chief executive officer now owns 560,301 shares in the company, valued at $74,828,198.55. The disclosure for this sale can be found here. Insiders have sold a total of 1,408,645 shares of company stock worth $55,223,448 in the last ninety days. 12.30% of the stock is owned by insiders.

About Amazon.com

(Free Report)

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.