Signify Wealth decreased its holdings in Amazon.com, Inc. (NASDAQ:AMZN – Free Report) by 2.1% in the 2nd quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor owned 32,732 shares of the e-commerce giant’s stock after selling 702 shares during the quarter. Amazon.com accounts for about 3.7% of Signify Wealth’s portfolio, making the stock its 9th largest holding. Signify Wealth’s holdings in Amazon.com were worth $4,267,000 at the end of the most recent quarter.
Several other hedge funds have also recently bought and sold shares of the company. Vanguard Group Inc. increased its holdings in Amazon.com by 1.8% in the 3rd quarter. Vanguard Group Inc. now owns 701,550,877 shares of the e-commerce giant’s stock valued at $79,275,249,000 after buying an additional 12,456,995 shares during the period. State Street Corp increased its holdings in Amazon.com by 1.0% in the 3rd quarter. State Street Corp now owns 329,849,003 shares of the e-commerce giant’s stock valued at $37,272,937,000 after buying an additional 3,121,516 shares during the period. Price T Rowe Associates Inc. MD grew its holdings in shares of Amazon.com by 1,838.8% during the 2nd quarter. Price T Rowe Associates Inc. MD now owns 311,971,394 shares of the e-commerce giant’s stock valued at $33,134,481,000 after purchasing an additional 295,880,050 shares during the last quarter. FMR LLC increased its position in Amazon.com by 1,792.4% during the 2nd quarter. FMR LLC now owns 286,047,356 shares of the e-commerce giant’s stock worth $30,381,089,000 after purchasing an additional 270,931,640 shares in the last quarter. Finally, Geode Capital Management LLC increased its position in Amazon.com by 2.3% during the 1st quarter. Geode Capital Management LLC now owns 165,309,180 shares of the e-commerce giant’s stock worth $17,031,683,000 after purchasing an additional 3,774,390 shares in the last quarter. 57.96% of the stock is owned by institutional investors.
Analyst Ratings Changes
AMZN has been the subject of a number of research analyst reports. Canaccord Genuity Group upped their price objective on shares of Amazon.com from $160.00 to $170.00 and gave the stock a “buy” rating in a research report on Friday, August 4th. Sanford C. Bernstein upped their price objective on shares of Amazon.com from $140.00 to $155.00 and gave the stock an “outperform” rating in a research report on Wednesday, July 19th. Truist Financial upped 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. JPMorgan Chase & Co. upped their price objective on shares of Amazon.com from $145.00 to $180.00 and gave the stock an “overweight” rating in a research report on Friday, August 4th. Finally, Stifel Nicolaus upped their price objective on shares of Amazon.com from $101.00 to $115.00 and gave the stock a “buy” rating in a research report on Friday, August 4th. Three investment analysts have rated the stock with a hold rating and forty-eight have assigned a buy rating to the company. According to MarketBeat.com, Amazon.com has an average rating of “Moderate Buy” and a consensus target price of $161.30.
Amazon.com Stock Up 1.8 %
Amazon.com stock opened at $129.46 on Tuesday. Amazon.com, Inc. has a 1-year low of $81.43 and a 1-year high of $145.86. The firm has a market capitalization of $1.34 trillion, a price-to-earnings ratio of 101.94, a price-to-earnings-growth ratio of 1.68 and a beta of 1.24. The firm’s fifty day moving average price is $134.89 and its two-hundred day moving average price is $122.26. 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 announced its earnings results on Thursday, August 3rd. The e-commerce giant reported $0.63 EPS for the quarter, beating the consensus estimate of $0.34 by $0.29. The company had revenue of $134.38 billion during the quarter, compared to the consensus estimate of $131.54 billion. Amazon.com had a net margin of 2.43% and a return on equity of 9.14%. On average, equities research analysts predict that Amazon.com, Inc. will post 2.23 earnings per share for the current fiscal year.
Insider Activity
In related news, CEO Adam Selipsky sold 500 shares of the firm’s stock in a transaction dated Thursday, July 6th. The shares were sold at an average price of $128.17, for a total transaction of $64,085.00. Following the completion of the sale, the chief executive officer now owns 150,780 shares in the company, valued at $19,325,472.60. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. In related news, CEO Adam Selipsky sold 500 shares of the firm’s stock in a transaction dated Thursday, July 6th. The shares were sold at an average price of $128.17, for a total transaction of $64,085.00. Following the completion of the sale, the chief executive officer now owns 150,780 shares in the company, valued at $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 firm’s stock in a transaction dated Tuesday, August 1st. The stock was sold at an average price of $133.55, for a total transaction of $534,200.00. Following the sale, the chief executive officer now owns 560,301 shares of the company’s stock, valued at approximately $74,828,198.55. The disclosure for this sale can be found here. Insiders sold a total of 1,404,645 shares of company stock worth $54,699,728 over the last quarter. Insiders own 12.70% 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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