Heritage Investment Group Inc. grew its position in Amazon.com, Inc. (NASDAQ:AMZN – Free Report) by 7.9% during the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 11,520 shares of the e-commerce giant’s stock after purchasing an additional 840 shares during the quarter. Amazon.com comprises approximately 0.4% of Heritage Investment Group Inc.’s investment portfolio, making the stock its 21st biggest holding. Heritage Investment Group Inc.’s holdings in Amazon.com were worth $1,502,000 at the end of the most recent quarter.
Several other institutional investors and hedge funds have also bought and sold shares of the company. Guardian Investment Management purchased a new position in Amazon.com in the second quarter worth $939,000. Ritholtz Wealth Management lifted its stake in shares of Amazon.com by 15.9% during the second quarter. Ritholtz Wealth Management now owns 165,804 shares of the e-commerce giant’s stock worth $21,614,000 after buying an additional 22,739 shares during the period. Resource Consulting Group Inc. lifted its stake in shares of Amazon.com by 359.7% during the second quarter. Resource Consulting Group Inc. now owns 11,677 shares of the e-commerce giant’s stock worth $1,522,000 after buying an additional 9,137 shares during the period. Carr Financial Group Corp lifted its stake in shares of Amazon.com by 5.5% during the second quarter. Carr Financial Group Corp now owns 14,691 shares of the e-commerce giant’s stock worth $1,915,000 after buying an additional 764 shares during the period. Finally, Vanguard Capital Wealth Advisors lifted its stake in shares of Amazon.com by 2.5% during the second quarter. Vanguard Capital Wealth Advisors now owns 58,093 shares of the e-commerce giant’s stock worth $7,573,000 after buying an additional 1,390 shares during the period. 57.96% of the stock is owned by hedge funds and other institutional investors.
Amazon.com Stock Performance
NASDAQ:AMZN opened at $127.12 on Friday. The company has a debt-to-equity ratio of 0.37, a current ratio of 0.95 and a quick ratio of 0.70. The firm has a market capitalization of $1.31 trillion, a price-to-earnings ratio of 100.09, a PEG ratio of 1.67 and a beta of 1.24. The company’s 50-day moving average is $134.87 and its two-hundred day moving average is $121.87. Amazon.com, Inc. has a 1-year low of $81.43 and a 1-year high of $145.86.
Insider Buying and Selling at Amazon.com
In other Amazon.com news, SVP David Zapolsky sold 42,816 shares of the business’s stock in a transaction dated Thursday, September 14th. The shares were sold at an average price of $145.13, for a total value of $6,213,886.08. Following the transaction, the senior vice president now directly owns 64,380 shares in the company, valued at approximately $9,343,469.40. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. In other news, SVP David Zapolsky sold 42,816 shares of the company’s stock in a transaction that occurred on Thursday, September 14th. The shares were sold at an average price of $145.13, for a total value of $6,213,886.08. Following the transaction, the senior vice president now directly owns 64,380 shares in the company, valued at approximately $9,343,469.40. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, CEO Adam Selipsky sold 500 shares of the company’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 transaction of $64,085.00. Following the completion of the transaction, the chief executive officer now owns 150,780 shares in the company, valued at $19,325,472.60. The disclosure for this sale can be found here. Insiders have sold 1,408,645 shares of company stock worth $55,223,448 in the last ninety days. 12.30% of the stock is owned by insiders.
Analysts Set New Price Targets
A number of research analysts recently issued reports on the stock. Roth Mkm boosted their target price on shares of Amazon.com from $155.00 to $165.00 and gave the company a “buy” rating in a research report on Friday, August 4th. Tigress Financial boosted their target price on shares of Amazon.com from $192.00 to $204.00 in a research report on Thursday, July 13th. Robert W. Baird boosted their target price on shares of Amazon.com from $150.00 to $155.00 and gave the company an “outperform” rating in a research report on Friday, August 4th. Rosenblatt Securities upgraded shares of Amazon.com from a “neutral” rating to a “buy” rating and boosted their target price for the company from $111.00 to $184.00 in a research report on Friday, August 4th. Finally, Sanford C. Bernstein boosted their target price on shares of Amazon.com from $140.00 to $155.00 and gave the company an “outperform” rating in a research report on Wednesday, July 19th. Three investment analysts have rated the stock with a hold rating and forty-eight have issued a buy rating to the company’s stock. According to data from MarketBeat, Amazon.com presently has an average rating of “Moderate Buy” and an average target price of $161.30.
Check Out 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.
Featured Stories
- Five stocks we like better than Amazon.com
- How to Find Cloud Software Company Stocks to Trade and Invest
- Will the Energy Sector Continue to Outshine the Market?
- Stock Trading Terms – Stock Terms Every Investor Needs to Know
- MarketBeat Week in Review – 9/25 – 9/29
- What Do S&P 500 Stocks Tell Investors About the Market?
- CarMax Slides On Earnings Disappointment, Time To Celebrate?
Receive News & Ratings for Amazon.com Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Amazon.com and related companies with MarketBeat.com's FREE daily email newsletter.
