Bryant Woods Investment Advisors LLC cut its holdings in Amazon.com, Inc. (NASDAQ:AMZN) by 1.4% during the 2nd quarter, according to its most recent disclosure with the SEC. The institutional investor owned 7,945 shares of the e-commerce giant’s stock after selling 110 shares during the period. Amazon.com makes up approximately 0.7% of Bryant Woods Investment Advisors LLC’s investment portfolio, making the stock its 17th largest position. Bryant Woods Investment Advisors LLC’s holdings in Amazon.com were worth $1,036,000 at the end of the most recent quarter.
Several other institutional investors and hedge funds have also modified their holdings of AMZN. Fiduciary Planning LLC increased its holdings in Amazon.com by 1.5% in the 1st quarter. Fiduciary Planning LLC now owns 349 shares of the e-commerce giant’s stock worth $1,138,000 after acquiring an additional 5 shares during the last quarter. HBC Financial Services PLLC increased its holdings in Amazon.com by 0.8% in the 1st quarter. HBC Financial Services PLLC now owns 616 shares of the e-commerce giant’s stock worth $1,717,000 after acquiring an additional 5 shares during the last quarter. Meridian Investment Counsel Inc. increased its holdings in Amazon.com by 3.4% in the 1st quarter. Meridian Investment Counsel Inc. now owns 151 shares of the e-commerce giant’s stock worth $492,000 after acquiring an additional 5 shares during the last quarter. Alterna Wealth Management Inc. grew its holdings in Amazon.com by 1.8% during the 1st quarter. Alterna Wealth Management Inc. now owns 289 shares of the e-commerce giant’s stock valued at $942,000 after buying an additional 5 shares in the last quarter. Finally, Archetype Wealth Partners grew its holdings in Amazon.com by 3.7% during the 1st quarter. Archetype Wealth Partners now owns 169 shares of the e-commerce giant’s stock valued at $552,000 after buying an additional 6 shares in the last quarter. 57.96% of the stock is currently owned by institutional investors and hedge funds.
Analyst Upgrades and Downgrades
A number of research analysts have weighed in on the company. Mizuho reaffirmed a “buy” rating and set a $180.00 target price on shares of Amazon.com in a report on Wednesday, September 27th. Telsey Advisory Group reiterated an “outperform” rating and set a $160.00 price target on shares of Amazon.com in a research report on Friday, September 22nd. Piper Jaffray Companies boosted their target price on Amazon.com from $130.00 to $150.00 and gave the stock an “overweight” rating in a research report on Wednesday, June 7th. Wedbush restated an “outperform” rating and issued a $180.00 target price on shares of Amazon.com in a research report on Monday, September 25th. Finally, Stifel Nicolaus boosted their price objective on Amazon.com from $101.00 to $115.00 and gave the company a “buy” rating in a research report on Friday, August 4th. Three analysts have rated the stock with a hold rating and forty-eight have assigned a buy rating to the stock. Based on data from MarketBeat, Amazon.com currently has a consensus rating of “Moderate Buy” and a consensus price target of $161.30.
Amazon.com Stock Performance
NASDAQ:AMZN opened at $124.72 on Wednesday. The company has a debt-to-equity ratio of 0.37, a current ratio of 0.95 and a quick ratio of 0.70. Amazon.com, Inc. has a 1 year low of $81.43 and a 1 year high of $145.86. The stock’s 50 day simple moving average is $134.80 and its two-hundred day simple moving average is $122.44. The company has a market cap of $1.29 trillion, a price-to-earnings ratio of 98.21, a PEG ratio of 1.68 and a beta of 1.24.
Amazon.com (NASDAQ:AMZN – Get Free Report) last released its quarterly earnings data on Thursday, August 3rd. The e-commerce giant reported $0.63 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates 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 for the quarter, compared to the consensus estimate of $131.54 billion. As a group, equities analysts anticipate that Amazon.com, Inc. will post 2.23 earnings per share for the current fiscal year.
Insiders Place Their Bets
In other news, major shareholder Amazon Com Inc sold 1,177,000 shares of Amazon.com 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 transaction, the insider now owns 12,741,445 shares in the company, valued at approximately $248,458,177.50. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. In other news, CEO Adam Selipsky sold 500 shares of Amazon.com 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 completion of the transaction, the chief executive officer now owns 106,520 shares in the company, valued at approximately $14,750,889.60. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Also, major shareholder Amazon Com Inc sold 1,177,000 shares of Amazon.com 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 transaction, the insider now owns 12,741,445 shares of the company’s stock, valued at approximately $248,458,177.50. The disclosure for this sale can be found here. Insiders have sold a total of 1,404,645 shares of company stock valued at $54,699,728 in the last quarter. 12.70% of the stock is currently owned by insiders.
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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