Teamwork Financial Advisors LLC boosted its holdings in Amazon.com, Inc. (NASDAQ:AMZN – Free Report) by 70.0% during the 2nd quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 113,900 shares of the e-commerce giant’s stock after acquiring an additional 46,915 shares during the quarter. Amazon.com accounts for approximately 2.4% of Teamwork Financial Advisors LLC’s investment portfolio, making the stock its 5th biggest holding. Teamwork Financial Advisors LLC’s holdings in Amazon.com were worth $14,848,000 as of its most recent SEC filing.
Other hedge funds have also added to or reduced their stakes in the company. Laurel Wealth Planning LLC raised its holdings in shares of 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 valued at $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 in the 4th quarter valued at about $37,000. Swaine & Leidel Wealth Services LLC purchased a new stake in Amazon.com in the 1st quarter valued at about $38,000. Ruedi Wealth Management Inc. bought a new position in shares of Amazon.com during the 4th quarter worth approximately $40,000. Finally, Atlantic Private Wealth LLC purchased a new position in shares of Amazon.com in the 1st quarter worth approximately $43,000. Institutional investors and hedge funds own 57.96% of the company’s stock.
Insider Buying and Selling
In related news, CEO Adam Selipsky sold 500 shares of the business’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 sale, the chief executive officer now owns 150,780 shares of the company’s stock, valued at $19,325,472.60. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. In other news, CEO Adam Selipsky sold 500 shares of Amazon.com stock in a transaction that occurred on 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 transaction, the chief executive officer now directly owns 150,780 shares in the company, valued at $19,325,472.60. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, major shareholder Amazon Com Inc sold 1,177,000 shares of the company’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 value of $22,951,500.00. Following the completion of the sale, the insider now owns 12,741,445 shares in the company, valued at approximately $248,458,177.50. 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 in the last three months. 12.70% of the stock is owned by corporate insiders.
Wall Street Analysts Forecast Growth
Read Our Latest Report on Amazon.com
Amazon.com Stock Performance
Shares of AMZN opened at $129.46 on Tuesday. The company has a 50-day simple moving average of $134.89 and a two-hundred day simple moving average of $122.26. 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 $1.34 trillion, a PE ratio of 101.94, a price-to-earnings-growth ratio of 1.68 and a beta of 1.24. Amazon.com, Inc. has a one year low of $81.43 and a one year high of $145.86.
Amazon.com (NASDAQ:AMZN – Get Free Report) last released its quarterly earnings results on Thursday, August 3rd. The e-commerce giant reported $0.63 earnings per share for the quarter, beating the consensus estimate of $0.34 by $0.29. The company had revenue of $134.38 billion for the quarter, compared to analyst estimates of $131.54 billion. Amazon.com had a return on equity of 9.14% and a net margin of 2.43%. On average, analysts anticipate that Amazon.com, Inc. will post 2.23 EPS for the current fiscal year.
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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