Avantax Planning Partners Inc. raised its position in shares of Amazon.com, Inc. (NASDAQ:AMZN) by 0.9% in the second quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 36,194 shares of the e-commerce giant’s stock after acquiring an additional 334 shares during the period. Avantax Planning Partners Inc.’s holdings in Amazon.com were worth $4,718,000 at the end of the most recent quarter.
Other institutional investors have also made changes to their positions in the company. AFS Financial Group LLC increased its holdings in shares of Amazon.com by 2.0% during the second quarter. AFS Financial Group LLC now owns 12,890 shares of the e-commerce giant’s stock worth $1,680,000 after buying an additional 250 shares in the last quarter. E Fund Management Hong Kong Co. Ltd. acquired a new position in shares of Amazon.com during the second quarter worth $153,000. Mendel Capital Management LLC increased its holdings in shares of Amazon.com by 28.4% during the second quarter. Mendel Capital Management LLC now owns 3,194 shares of the e-commerce giant’s stock worth $416,000 after buying an additional 707 shares in the last quarter. Great Diamond Partners LLC increased its holdings in shares of Amazon.com by 3.4% during the second quarter. Great Diamond Partners LLC now owns 19,995 shares of the e-commerce giant’s stock worth $2,607,000 after buying an additional 664 shares in the last quarter. Finally, Hixon Zuercher LLC increased its holdings in Amazon.com by 0.4% in the second quarter. Hixon Zuercher LLC now owns 37,169 shares of the e-commerce giant’s stock valued at $4,845,000 after purchasing an additional 147 shares during the period. 57.96% of the stock is currently owned by institutional investors.
Insider Transactions at Amazon.com
In other news, CEO Adam Selipsky sold 500 shares of the firm’s stock in a transaction that occurred on Monday, July 24th. The shares were sold at an average price of $129.48, for a total transaction of $64,740.00. Following the completion of the sale, the chief executive officer now owns 149,780 shares in the company, valued at approximately $19,393,514.40. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. In related news, CEO Adam Selipsky sold 500 shares of Amazon.com stock in a transaction that occurred on Monday, July 24th. The shares were sold at an average price of $129.48, for a total value of $64,740.00. Following the completion of the transaction, the chief executive officer now directly owns 149,780 shares in the company, valued at approximately $19,393,514.40. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. 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 shares were sold at an average price of $19.50, for a total transaction 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 $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 quarter. Insiders own 12.70% of the company’s stock.
Wall Street Analysts Forecast Growth
View Our Latest Analysis on AMZN
Amazon.com Trading Down 3.7 %
Shares of AMZN stock opened at $124.72 on Wednesday. The company has a 50 day moving average of $134.80 and a 200-day moving average of $122.44. The company has a quick ratio of 0.70, a current ratio of 0.95 and a debt-to-equity ratio of 0.37. Amazon.com, Inc. has a 12-month low of $81.43 and a 12-month high of $145.86. The firm has a market cap of $1.29 trillion, a P/E ratio of 98.21, a PEG ratio of 1.68 and a beta of 1.24.
Amazon.com (NASDAQ:AMZN – Get Free Report) last issued its quarterly earnings results on Thursday, August 3rd. The e-commerce giant reported $0.63 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.34 by $0.29. Amazon.com had a net margin of 2.43% and a return on equity of 9.14%. The company had revenue of $134.38 billion during the quarter, compared to analyst estimates of $131.54 billion. Sell-side analysts anticipate that Amazon.com, Inc. will post 2.23 earnings per share for the current 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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