Secure Asset Management LLC increased its holdings in Amazon.com, Inc. (NASDAQ:AMZN) by 43.7% in the 2nd quarter, according to its most recent filing with the SEC. The institutional investor owned 27,083 shares of the e-commerce giant’s stock after buying an additional 8,238 shares during the quarter. Amazon.com comprises approximately 1.1% of Secure Asset Management LLC’s portfolio, making the stock its 17th biggest position. Secure Asset Management LLC’s holdings in Amazon.com were worth $3,531,000 as of its most recent SEC filing.
A number of other hedge funds have also bought and sold shares of AMZN. Laurel Wealth Planning LLC boosted 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 worth $34,000 after purchasing an additional 304 shares during the last quarter. Sanctuary Wealth Management L.L.C. purchased a new stake in Amazon.com during the fourth quarter valued at approximately $37,000. Swaine & Leidel Wealth Services LLC bought a new position in Amazon.com in the first quarter worth approximately $38,000. Ruedi Wealth Management Inc. purchased a new position in shares of Amazon.com during the 4th quarter worth $40,000. Finally, Atlantic Private Wealth LLC purchased a new stake in shares of Amazon.com in the 1st quarter worth $43,000. Hedge funds and other institutional investors own 57.96% of the company’s stock.
Insider Transactions at Amazon.com
In other news, CEO Douglas J. Herrington sold 4,000 shares of the firm’s stock in a transaction on Monday, July 3rd. The stock was sold at an average price of $130.93, for a total value of $523,720.00. Following the completion of the sale, the chief executive officer now owns 564,301 shares of the company’s stock, valued at approximately $73,883,929.93. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. In other news, VP Shelley Reynolds sold 3,100 shares of Amazon.com 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 in the company, valued at $16,034,948.60. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Also, CEO Douglas J. Herrington sold 4,000 shares of the business’s stock in a transaction on Monday, July 3rd. The shares were sold at an average price of $130.93, for a total transaction of $523,720.00. Following the sale, the chief executive officer now directly owns 564,301 shares in the company, valued at $73,883,929.93. The disclosure for this sale can be found here. Over the last three months, insiders have 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 (NASDAQ:AMZN – Get Free Report) last issued its quarterly earnings data 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 firm had revenue of $134.38 billion for the quarter, compared to the consensus estimate of $131.54 billion. Research analysts anticipate that Amazon.com, Inc. will post 2.23 earnings per share for the current fiscal year.
Wall Street Analysts Forecast Growth
AMZN has been the subject of a number of recent analyst reports. DA Davidson reiterated a “buy” rating and issued a $150.00 price target on shares of Amazon.com in a research report on Wednesday, September 6th. UBS Group boosted their price objective on Amazon.com from $150.00 to $175.00 and gave the company a “buy” rating in a research report on Friday, August 4th. Morgan Stanley reissued an “overweight” rating and set a $175.00 target price on shares of Amazon.com in a research note on Wednesday, September 20th. Truist Financial increased their price objective on shares of Amazon.com from $144.00 to $176.00 and gave the company a “buy” rating in a report on Friday, August 4th. Finally, Evercore ISI upped their target price on shares of Amazon.com from $150.00 to $190.00 and gave the stock an “outperform” rating in a research report on Friday, August 4th. Three research analysts have rated the stock with a hold rating and forty-seven have issued a buy rating to the company’s stock. According to MarketBeat.com, Amazon.com currently has a consensus rating of “Moderate Buy” and an average target price of $161.22.
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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