Mendel Capital Management LLC grew its position in Amazon.com, Inc. (NASDAQ:AMZN) by 28.4% in the second quarter, according to the company in its most recent disclosure with the SEC. The firm owned 3,194 shares of the e-commerce giant’s stock after acquiring an additional 707 shares during the period. Mendel Capital Management LLC’s holdings in Amazon.com were worth $416,000 at the end of the most recent quarter.
A number of other large investors have also modified their holdings of the company. Laurel Wealth Planning LLC lifted its position 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 acquiring an additional 304 shares in the last quarter. Sanctuary Wealth Management L.L.C. purchased a new position in shares of Amazon.com in the fourth quarter valued at approximately $37,000. Swaine & Leidel Wealth Services LLC purchased a new position in shares of Amazon.com in the first quarter valued at approximately $38,000. Ruedi Wealth Management Inc. purchased a new position in shares of Amazon.com in the fourth quarter valued at approximately $40,000. Finally, Atlantic Private Wealth LLC acquired a new stake in shares of Amazon.com in the first quarter valued at about $43,000. Institutional investors and hedge funds own 57.96% of the company’s stock.
Analysts Set New Price Targets
A number of brokerages have recently commented on AMZN. Redburn Partners increased their target price on shares of Amazon.com from $220.00 to $230.00 and gave the company a “buy” rating in a research report on Friday, August 11th. Robert W. Baird upped their price target on Amazon.com from $150.00 to $155.00 and gave the company an “outperform” rating in a research report on Friday, August 4th. Piper Jaffray Companies raised their target price on Amazon.com from $130.00 to $150.00 and gave the stock an “overweight” rating in a research note on Wednesday, June 7th. Wedbush reissued an “outperform” rating and set a $180.00 price target on shares of Amazon.com in a research report on Monday, September 25th. Finally, Telsey Advisory Group reissued an “outperform” rating and issued a $160.00 price objective on shares of Amazon.com in a report on Friday, September 22nd. Three investment analysts have rated the stock with a hold rating and forty-eight have issued a buy rating to the stock. According to MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus target price of $161.30.
Amazon.com Stock Down 3.7 %
Amazon.com stock opened at $124.72 on Wednesday. Amazon.com, Inc. has a fifty-two week low of $81.43 and a fifty-two week high of $145.86. The company has a debt-to-equity ratio of 0.37, a quick ratio of 0.70 and a current ratio of 0.95. The company has a market capitalization of $1.29 trillion, a P/E ratio of 98.21, a PEG ratio of 1.68 and a beta of 1.24. The stock has a 50-day simple moving average of $134.80 and a 200-day simple moving average of $122.44.
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 analysts’ consensus estimates of $0.34 by $0.29. The business had revenue of $134.38 billion for the quarter, compared to analysts’ expectations of $131.54 billion. Amazon.com had a net margin of 2.43% and a return on equity of 9.14%. Equities research analysts expect that Amazon.com, Inc. will post 2.23 earnings per share for the current year.
Insider Activity at Amazon.com
In other news, CEO Adam Selipsky sold 500 shares of the business’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 value of $64,085.00. Following the transaction, 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 filing 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 on Thursday, July 6th. The shares were sold at an average price of $128.17, for a total value of $64,085.00. Following the transaction, the chief executive officer now directly owns 150,780 shares in the company, valued at approximately $19,325,472.60. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, CEO Douglas J. Herrington sold 4,000 shares of the firm’s stock in a transaction on Tuesday, August 1st. The stock was sold at an average price of $133.55, for a total transaction of $534,200.00. Following the completion of 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 have sold 1,404,645 shares of company stock worth $54,699,728 in the last quarter. Company insiders own 12.70% of the company’s stock.
Amazon.com Company 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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