ARS Wealth Advisors Group LLC bought a new stake in Amazon.com, Inc. (NASDAQ:AMZN – Free Report) in the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm bought 121,058 shares of the e-commerce giant’s stock, valued at approximately $15,781,000. Amazon.com makes up about 2.5% of ARS Wealth Advisors Group LLC’s investment portfolio, making the stock its 11th largest holding.
A number of other hedge funds have also added to or reduced their stakes in AMZN. Kavar Capital Partners Group LLC grew its position in Amazon.com by 7.6% in the first quarter. Kavar Capital Partners Group LLC now owns 1,121 shares of the e-commerce giant’s stock valued at $3,654,000 after purchasing an additional 79 shares in the last quarter. IFM Investors Pty Ltd grew its position in Amazon.com by 21.8% in the first quarter. IFM Investors Pty Ltd now owns 72,911 shares of the e-commerce giant’s stock valued at $237,686,000 after purchasing an additional 13,060 shares in the last quarter. Ironwood Wealth Management LLC. lifted its stake in Amazon.com by 0.8% in the first quarter. Ironwood Wealth Management LLC. now owns 1,810 shares of the e-commerce giant’s stock valued at $5,901,000 after acquiring an additional 15 shares during the last quarter. Markel Corp grew its position in shares of Amazon.com by 0.6% in the 1st quarter. Markel Corp now owns 99,068 shares of the e-commerce giant’s stock valued at $322,956,000 after acquiring an additional 550 shares during the period. Finally, Leelyn Smith LLC grew its position in shares of Amazon.com by 24.8% in the 1st quarter. Leelyn Smith LLC now owns 2,721 shares of the e-commerce giant’s stock valued at $8,870,000 after acquiring an additional 540 shares during the period. Institutional investors own 57.96% of the company’s stock.
Amazon.com Stock Performance
AMZN opened at $127.96 on Friday. The company has a current ratio of 0.95, a quick ratio of 0.70 and a debt-to-equity ratio of 0.37. The company’s fifty day moving average price is $134.65 and its two-hundred day moving average price is $122.71. Amazon.com, Inc. has a 1-year low of $81.43 and a 1-year high of $145.86. The company has a market cap of $1.32 trillion, a price-to-earnings ratio of 100.76, a PEG ratio of 1.68 and a beta of 1.24.
Insider Activity
In related news, CEO Adam Selipsky sold 500 shares of the firm’s stock in a transaction dated 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 $19,393,514.40. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. In other Amazon.com news, CEO Adam Selipsky sold 500 shares of the stock in a transaction dated 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 transaction, the chief executive officer now owns 149,780 shares in the company, valued at $19,393,514.40. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, CEO Douglas J. Herrington sold 4,000 shares of the 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 transaction, 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 1,408,145 shares of company stock worth $55,144,443 over the last quarter. Insiders own 12.30% of the company’s stock.
Analyst Upgrades and Downgrades
A number of research analysts have recently commented on the stock. CICC Research initiated coverage on shares of Amazon.com in a research report on Sunday, July 9th. They issued an “outperform” rating for the company. UBS Group boosted their price objective on shares of Amazon.com from $150.00 to $175.00 and gave the company a “buy” rating in a report on Friday, August 4th. TD Cowen boosted their price objective on shares of Amazon.com from $150.00 to $165.00 and gave the company an “outperform” rating in a report on Friday, August 4th. Canaccord Genuity Group boosted their target price on shares of Amazon.com from $160.00 to $170.00 and gave the company a “buy” rating in a research report on Friday, August 4th. Finally, JPMorgan Chase & Co. boosted their target price on shares of Amazon.com from $145.00 to $180.00 and gave the company an “overweight” rating in a research report on Friday, August 4th. Three research analysts have rated the stock with a hold rating and forty-eight have issued a buy rating to the company. According to MarketBeat, Amazon.com has an average rating of “Moderate Buy” and a consensus price target of $161.30.
Get Our Latest Stock Report on Amazon.com
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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