Ritholtz Wealth Management grew its holdings in Amazon.com, Inc. (NASDAQ:AMZN – Free Report) by 15.9% during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 165,804 shares of the e-commerce giant’s stock after purchasing an additional 22,739 shares during the quarter. Amazon.com comprises about 1.0% of Ritholtz Wealth Management’s portfolio, making the stock its 18th biggest position. Ritholtz Wealth Management’s holdings in Amazon.com were worth $21,614,000 at the end of the most recent quarter.
Other hedge funds and other institutional investors also recently made changes to their positions in the company. Kavar Capital Partners Group LLC increased its position in Amazon.com by 7.6% in the 1st quarter. Kavar Capital Partners Group LLC now owns 1,121 shares of the e-commerce giant’s stock valued at $3,654,000 after buying an additional 79 shares in the last quarter. IFM Investors Pty Ltd increased its position in Amazon.com by 21.8% in the 1st quarter. IFM Investors Pty Ltd now owns 72,911 shares of the e-commerce giant’s stock valued at $237,686,000 after buying an additional 13,060 shares in the last quarter. Ironwood Wealth Management LLC. increased its position in Amazon.com by 0.8% in the 1st quarter. Ironwood Wealth Management LLC. now owns 1,810 shares of the e-commerce giant’s stock valued at $5,901,000 after buying an additional 15 shares in the last quarter. Markel Corp increased its position in Amazon.com by 0.6% in the 1st quarter. Markel Corp now owns 99,068 shares of the e-commerce giant’s stock valued at $322,956,000 after buying an additional 550 shares in the last quarter. Finally, Leelyn Smith LLC increased its position in Amazon.com by 24.8% in the 1st quarter. Leelyn Smith LLC now owns 2,721 shares of the e-commerce giant’s stock valued at $8,870,000 after buying an additional 540 shares in the last quarter. 57.96% of the stock is owned by institutional investors and hedge funds.
Amazon.com Trading Up 0.9 %
Shares of AMZN stock opened at $127.12 on Friday. 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 52-week low of $81.43 and a 52-week high of $145.86. The company has a market capitalization of $1.31 trillion, a PE ratio of 100.09, a price-to-earnings-growth ratio of 1.67 and a beta of 1.24. The business’s fifty day moving average is $134.87 and its 200 day moving average is $121.87.
Insiders Place Their Bets
In related news, CEO Adam Selipsky sold 500 shares of the firm’s stock in a transaction dated Thursday, July 6th. The stock was sold at an average price of $128.17, for a total transaction of $64,085.00. Following the transaction, the chief executive officer now directly 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 accessible through this link. In related news, CEO Adam Selipsky sold 500 shares of the business’s stock in a transaction that occurred 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 sale, the chief executive officer now owns 150,780 shares in the company, valued at approximately $19,325,472.60. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, CEO Douglas J. Herrington sold 4,000 shares of the business’s stock in a transaction that occurred 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 disclosure for this sale can be found here. Insiders sold a total of 1,408,645 shares of company stock valued at $55,223,448 over the last 90 days. Insiders own 12.30% of the company’s stock.
Analyst Upgrades and Downgrades
AMZN has been the subject of a number of research analyst reports. Needham & Company LLC reaffirmed a “buy” rating and issued a $160.00 target price on shares of Amazon.com in a research report on Thursday. JMP Securities boosted their price objective on Amazon.com from $140.00 to $175.00 and gave the stock an “outperform” rating in a report on Friday, August 4th. Wolfe Research boosted their price objective on Amazon.com from $140.00 to $150.00 in a report on Monday, July 10th. Argus reissued a “buy” rating and set a $165.00 price objective on shares of Amazon.com in a report on Wednesday. Finally, DA Davidson reissued a “buy” rating and set a $150.00 price objective on shares of Amazon.com in a report on Wednesday, September 6th. Three equities research analysts have rated the stock with a hold rating and forty-eight have assigned a buy rating to the company’s stock. Based on data from MarketBeat, Amazon.com has a consensus rating of “Moderate Buy” and an average price target of $161.30.
View Our Latest Report on AMZN
Amazon.com Company 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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