LVZ Inc. reduced its position in shares of Amazon.com, Inc. (NASDAQ:AMZN – Free Report) by 5.1% during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 13,699 shares of the e-commerce giant’s stock after selling 733 shares during the period. LVZ Inc.’s holdings in Amazon.com were worth $1,786,000 at the end of the most recent quarter.
Other hedge funds have also added to or reduced their stakes in the company. Next Level Private LLC bought a new stake in Amazon.com in the second quarter worth about $1,044,000. Mayfair Advisory Group LLC raised its position in shares of Amazon.com by 12.0% in the first quarter. Mayfair Advisory Group LLC now owns 4,561 shares of the e-commerce giant’s stock valued at $468,000 after purchasing an additional 488 shares during the period. Little House Capital LLC raised its position in shares of Amazon.com by 6.3% in the first quarter. Little House Capital LLC now owns 37,942 shares of the e-commerce giant’s stock valued at $3,919,000 after purchasing an additional 2,251 shares during the period. Institute for Wealth Management LLC. raised its position in shares of Amazon.com by 8.7% in the first quarter. Institute for Wealth Management LLC. now owns 90,790 shares of the e-commerce giant’s stock valued at $9,378,000 after purchasing an additional 7,285 shares during the period. Finally, Rothschild Investment Corp IL raised its position in shares of Amazon.com by 5.2% in the first quarter. Rothschild Investment Corp IL now owns 87,315 shares of the e-commerce giant’s stock valued at $9,019,000 after purchasing an additional 4,290 shares during the period. Institutional investors own 57.96% of the company’s stock.
Amazon.com Trading Up 1.6 %
NASDAQ:AMZN opened at $127.96 on Friday. The company has a fifty day moving average of $134.65 and a 200 day moving average of $122.71. Amazon.com, Inc. has a 52 week low of $81.43 and a 52 week high of $145.86. The company has a quick ratio of 0.70, a current ratio of 0.95 and a debt-to-equity ratio of 0.37. The firm has a market capitalization of $1.32 trillion, a P/E ratio of 100.76, a P/E/G ratio of 1.68 and a beta of 1.24.
Insiders Place Their Bets
In other Amazon.com news, CEO Douglas J. Herrington sold 4,000 shares of the company’s stock in a transaction on Tuesday, August 1st. The shares were sold at an average price of $133.55, for a total value of $534,200.00. Following the completion of the transaction, the chief executive officer now directly owns 560,301 shares in the company, valued at approximately $74,828,198.55. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. In other Amazon.com news, CEO Douglas J. Herrington sold 4,000 shares of the company’s stock in a transaction on Tuesday, August 1st. The shares were sold at an average price of $133.55, for a total value of $534,200.00. Following the completion of the transaction, the chief executive officer now directly owns 560,301 shares in the company, valued at approximately $74,828,198.55. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, major shareholder Amazon Com Inc sold 1,177,000 shares of the company’s stock in a transaction on Wednesday, August 9th. The stock was 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. In the last ninety days, insiders sold 1,408,145 shares of company stock worth $55,144,443. 12.30% of the stock is currently owned by corporate insiders.
Analyst Upgrades and Downgrades
Several analysts have recently issued reports on the stock. BNP Paribas raised shares of Amazon.com from an “underperform” rating to a “neutral” rating and set a $140.00 price target on the stock in a research report on Friday, August 4th. DA Davidson reaffirmed a “buy” rating and set a $150.00 price objective on shares of Amazon.com in a research note on Wednesday, September 6th. Canaccord Genuity Group boosted their price objective on shares of Amazon.com from $160.00 to $170.00 and gave the company a “buy” rating in a research note on Friday, August 4th. StockNews.com began coverage on shares of Amazon.com in a research note on Thursday. They set a “hold” rating for the company. Finally, Benchmark boosted their price objective on shares of Amazon.com from $130.00 to $170.00 and gave the company a “buy” rating in a research note on Friday, August 4th. Three analysts have rated the stock with a hold rating and forty-eight have issued a buy rating to the company. According to MarketBeat.com, Amazon.com has a consensus rating of “Moderate Buy” and an average target price of $161.30.
View Our Latest Research 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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