Taylor & Morgan Wealth Management LLC lowered its holdings in shares of Amazon.com, Inc. (NASDAQ:AMZN) by 1.7% during the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 24,771 shares of the e-commerce giant’s stock after selling 429 shares during the quarter. Amazon.com accounts for about 2.6% of Taylor & Morgan Wealth Management LLC’s portfolio, making the stock its 10th biggest position. Taylor & Morgan Wealth Management LLC’s holdings in Amazon.com were worth $3,229,000 as of its most recent SEC filing.
Several other institutional investors have also modified their holdings of the business. Bridgefront Capital LLC bought a new position in Amazon.com during the 1st quarter worth about $228,000. Krane Funds Advisors LLC grew its holdings in shares of Amazon.com by 239.1% during the first quarter. Krane Funds Advisors LLC now owns 78 shares of the e-commerce giant’s stock worth $254,000 after buying an additional 55 shares in the last quarter. Range Financial Group LLC acquired a new stake in Amazon.com in the 1st quarter valued at approximately $258,000. My Personal CFO LLC bought a new stake in Amazon.com in the 1st quarter valued at approximately $261,000. Finally, Worth Asset Management LLC acquired a new position in Amazon.com during the 1st quarter worth approximately $191,000. Institutional investors own 57.96% of the company’s stock.
Amazon.com Stock Up 1.7 %
NASDAQ AMZN opened at $131.27 on Tuesday. The business has a fifty day moving average price of $135.34 and a two-hundred day moving average price of $121.13. The stock has a market capitalization of $1.35 trillion, a PE ratio of 103.36, a PEG ratio of 1.71 and a beta of 1.24. Amazon.com, Inc. has a fifty-two week low of $81.43 and a fifty-two week high of $145.86. The company has a debt-to-equity ratio of 0.37, a current ratio of 0.95 and a quick ratio of 0.70.
Insider Activity at Amazon.com
In related news, CEO Adam Selipsky sold 500 shares of the stock in a transaction that occurred on Thursday, July 6th. The shares were sold at an average price of $128.17, for a total value of $64,085.00. Following the completion of the transaction, the chief executive officer now owns 150,780 shares of the company’s stock, valued at approximately $19,325,472.60. The sale was disclosed in a legal filing with the SEC, which is available through the SEC website. In other news, CEO Adam Selipsky sold 500 shares of the stock in a transaction on Thursday, July 6th. The stock was sold at an average price of $128.17, for a total value of $64,085.00. Following the completion of the transaction, 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 filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, major shareholder Amazon Com Inc sold 1,177,000 shares of the business’s stock in a transaction on 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 sale, the insider now owns 12,741,445 shares in the company, valued at approximately $248,458,177.50. The disclosure for this sale can be found here. In the last three months, insiders have sold 1,408,645 shares of company stock valued at $55,223,448. 12.30% of the stock is owned by insiders.
Wall Street Analyst Weigh In
A number of analysts have recently commented on AMZN shares. Truist Financial boosted their price objective on shares of Amazon.com from $144.00 to $176.00 and gave the stock a “buy” rating in a research report on Friday, August 4th. StockNews.com downgraded shares of Amazon.com from a “buy” rating to a “hold” rating in a research note on Friday, September 15th. Stifel Nicolaus lifted their target price on Amazon.com from $101.00 to $115.00 and gave the company a “buy” rating in a research report on Friday, August 4th. Mizuho increased their price target on Amazon.com from $160.00 to $180.00 and gave the company a “buy” rating in a research report on Friday, August 4th. Finally, Sanford C. Bernstein boosted their price target on Amazon.com from $140.00 to $155.00 and gave the stock an “outperform” rating in a research report on Wednesday, July 19th. Three investment analysts have rated the stock with a hold rating and forty-seven have issued a buy rating to the stock. Based on data from MarketBeat.com, Amazon.com presently has a consensus rating of “Moderate Buy” and a consensus target price of $161.22.
View Our Latest Report on Amazon.com
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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