Eclectic Associates Inc. ADV reduced its position in shares of Amazon.com, Inc. (NASDAQ:AMZN – Free Report) by 2.7% in the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 8,080 shares of the e-commerce giant’s stock after selling 220 shares during the period. Eclectic Associates Inc. ADV’s holdings in Amazon.com were worth $1,053,000 as of its most recent filing with the Securities and Exchange Commission.
Other hedge funds have also added to or reduced their stakes in the company. Laurel Wealth Planning LLC lifted its holdings in Amazon.com by 1,900.0% during the 2nd 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. acquired a new stake in Amazon.com during the 4th quarter worth approximately $37,000. Swaine & Leidel Wealth Services LLC acquired a new stake in Amazon.com during the 1st quarter worth approximately $38,000. Ruedi Wealth Management Inc. acquired a new stake in Amazon.com during the 4th quarter worth approximately $40,000. Finally, Atlantic Private Wealth LLC acquired a new stake in Amazon.com during the 1st quarter worth approximately $43,000. 57.96% of the stock is owned by institutional investors and hedge funds.
Analysts Set New Price Targets
Several equities analysts have weighed in on AMZN shares. Stifel Nicolaus lifted their price objective on Amazon.com from $101.00 to $115.00 and gave the company a “buy” rating in a report on Friday, August 4th. Needham & Company LLC reaffirmed a “buy” rating and issued a $160.00 price objective on shares of Amazon.com in a report on Thursday. CICC Research started coverage on Amazon.com in a report on Sunday, July 9th. They issued an “outperform” rating for the company. Wells Fargo & Company reaffirmed an “overweight” rating and issued a $165.00 price objective on shares of Amazon.com in a report on Thursday, September 21st. Finally, Sanford C. Bernstein lifted their price objective on Amazon.com from $140.00 to $155.00 and gave the company an “outperform” rating in a report on Wednesday, July 19th. Three equities research analysts have rated the stock with a hold rating and forty-eight have given a buy rating to the stock. According to data from MarketBeat, Amazon.com currently has an average rating of “Moderate Buy” and a consensus price target of $161.30.
Amazon.com Trading Up 0.9 %
NASDAQ AMZN opened at $127.12 on Friday. The business’s 50-day moving average price is $134.87 and its two-hundred day moving average price is $121.87. Amazon.com, Inc. has a 12 month low of $81.43 and a 12 month high of $145.86. The firm 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 company has a current ratio of 0.95, a quick ratio of 0.70 and a debt-to-equity ratio of 0.37.
Amazon.com (NASDAQ:AMZN – Get Free Report) last released its earnings results on Thursday, August 3rd. The e-commerce giant reported $0.63 EPS for the quarter, topping the consensus estimate of $0.34 by $0.29. Amazon.com had a return on equity of 9.14% and a net margin of 2.43%. The business had revenue of $134.38 billion during the quarter, compared to analysts’ expectations of $131.54 billion. On average, analysts expect that Amazon.com, Inc. will post 2.23 EPS for the current year.
Insider Buying and Selling
In related news, CEO Adam Selipsky sold 500 shares of the firm’s stock in a transaction that occurred on Wednesday, September 20th. The stock was sold at an average price of $138.48, for a total transaction of $69,240.00. Following the completion of the sale, the chief executive officer now owns 106,520 shares of the company’s stock, valued at $14,750,889.60. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. In related news, major shareholder Amazon Com Inc sold 1,177,000 shares of the firm’s stock in a transaction that occurred on Wednesday, August 9th. The stock was sold at an average price of $19.50, for a total transaction of $22,951,500.00. Following the completion of the sale, the insider now owns 12,741,445 shares of the company’s stock, valued at $248,458,177.50. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, CEO Adam Selipsky sold 500 shares of the firm’s stock in a transaction that occurred on Wednesday, September 20th. The stock was sold at an average price of $138.48, for a total value of $69,240.00. Following the sale, the chief executive officer now directly owns 106,520 shares of the company’s stock, valued at approximately $14,750,889.60. The disclosure for this sale can be found here. Insiders sold 1,408,645 shares of company stock valued at $55,223,448 over the last 90 days. Company insiders own 12.30% of the company’s stock.
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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