Aprio Wealth Management LLC boosted its stake in Amazon.com, Inc. (NASDAQ:AMZN – Free Report) by 17.6% in the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 5,401 shares of the e-commerce giant’s stock after acquiring an additional 807 shares during the period. Aprio Wealth Management LLC’s holdings in Amazon.com were worth $704,000 as of its most recent SEC filing.
Other institutional investors and hedge funds have also recently bought and sold shares of the company. Laurel Wealth Planning LLC lifted its position in Amazon.com by 1,900.0% in the second quarter. Laurel Wealth Planning LLC now owns 320 shares of the e-commerce giant’s stock valued at $34,000 after acquiring an additional 304 shares during the last quarter. Sanctuary Wealth Management L.L.C. purchased a new stake in Amazon.com in the fourth quarter valued at $37,000. Swaine & Leidel Wealth Services LLC acquired a new position in Amazon.com in the first quarter valued at $38,000. Ruedi Wealth Management Inc. acquired a new position in Amazon.com in the fourth quarter valued at $40,000. Finally, Atlantic Private Wealth LLC acquired a new position in Amazon.com in the first quarter valued at $43,000. 57.96% of the stock is owned by hedge funds and other institutional investors.
Analyst Ratings Changes
AMZN has been the topic of a number of recent research reports. Roth Mkm lifted their price objective on shares of Amazon.com from $155.00 to $165.00 and gave the company a “buy” rating in a research note on Friday, August 4th. Piper Sandler lifted their price objective on shares of Amazon.com from $175.00 to $185.00 and gave the company an “overweight” rating in a research note on Thursday, August 24th. CICC Research initiated coverage on shares of Amazon.com in a research note on Sunday, July 9th. They issued an “outperform” rating on the stock. Tigress Financial lifted their price objective on shares of Amazon.com from $192.00 to $204.00 in a research note on Thursday, July 13th. Finally, StockNews.com lowered shares of Amazon.com from a “buy” rating to a “hold” rating in a research note on Friday, September 15th. Three analysts have rated the stock with a hold rating and forty-seven have assigned a buy rating to the company. According to MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average price target of $161.22.
Insider Activity at Amazon.com
In related news, VP Shelley Reynolds sold 3,100 shares of the firm’s stock in a transaction 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 completion of the sale, the vice president now directly owns 119,780 shares of the company’s stock, valued at approximately $16,034,948.60. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. In other news, VP Shelley Reynolds sold 3,100 shares of the business’s stock in a transaction dated Monday, August 21st. The shares were sold at an average price of $133.87, for a total value of $414,997.00. Following the completion of the sale, the vice president now owns 119,780 shares of the company’s stock, valued at approximately $16,034,948.60. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, SVP David Zapolsky sold 6,720 shares of the business’s stock in a transaction dated Monday, August 21st. The stock was sold at an average price of $133.87, for a total transaction of $899,606.40. Following the completion of the sale, the senior vice president now directly owns 107,196 shares of the company’s stock, valued at approximately $14,350,328.52. The disclosure for this sale can be found here. In the last three months, insiders sold 1,408,645 shares of company stock valued at $55,223,448. Corporate insiders own 12.30% of the company’s stock.
Amazon.com Price Performance
Amazon.com stock opened at $129.12 on Monday. Amazon.com, Inc. has a 52-week low of $81.43 and a 52-week high of $145.86. The firm has a fifty day moving average of $135.38 and a 200-day moving average of $120.67. The firm has a market capitalization of $1.33 trillion, a P/E ratio of 101.67, a PEG ratio of 1.71 and a beta of 1.24. The company has a quick ratio of 0.70, a current ratio of 0.95 and a debt-to-equity ratio of 0.37.
Amazon.com (NASDAQ:AMZN – Get Free Report) last released its quarterly earnings results on Thursday, August 3rd. The e-commerce giant reported $0.63 earnings per share for the quarter, beating analysts’ consensus estimates of $0.34 by $0.29. The business had revenue of $134.38 billion during the quarter, compared to analyst estimates of $131.54 billion. Amazon.com had a net margin of 2.43% and a return on equity of 9.14%. As a group, analysts predict that Amazon.com, Inc. will post 2.23 EPS for the current year.
About Amazon.com
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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