Signature Estate & Investment Advisors LLC cut its position in Amazon.com, Inc. (NASDAQ:AMZN) by 14.2% in the second quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 371,102 shares of the e-commerce giant’s stock after selling 61,321 shares during the quarter. Amazon.com makes up approximately 1.6% of Signature Estate & Investment Advisors LLC’s investment portfolio, making the stock its 15th largest holding. Signature Estate & Investment Advisors LLC’s holdings in Amazon.com were worth $48,377,000 at the end of the most recent reporting period.
A number of other large investors have also added to or reduced their stakes in AMZN. Golden State Equity Partners increased its holdings in shares of Amazon.com by 162.4% during the second quarter. Golden State Equity Partners now owns 47,315 shares of the e-commerce giant’s stock valued at $6,168,000 after acquiring an additional 29,281 shares in the last quarter. Next Level Private LLC acquired a new position in shares of Amazon.com during the second quarter valued at about $1,044,000. Mayfair Advisory Group LLC increased its holdings in shares of Amazon.com by 12.0% during the first quarter. Mayfair Advisory Group LLC now owns 4,561 shares of the e-commerce giant’s stock valued at $468,000 after acquiring an additional 488 shares in the last quarter. Little House Capital LLC increased its holdings in shares of Amazon.com by 6.3% during 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 acquiring an additional 2,251 shares in the last quarter. Finally, Institute for Wealth Management LLC. boosted its position in 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 buying an additional 7,285 shares during the last quarter. 57.96% of the stock is currently owned by institutional investors.
Amazon.com Stock Performance
NASDAQ AMZN opened at $128.26 on Tuesday. The stock has a market cap of $1.32 trillion, a PE ratio of 100.99, a P/E/G ratio of 1.69 and a beta of 1.24. The company has a current ratio of 0.95, a quick ratio of 0.70 and a debt-to-equity ratio of 0.37. Amazon.com, Inc. has a twelve month low of $81.43 and a twelve month high of $145.86. The stock has a fifty day simple moving average of $134.54 and a 200-day simple moving average of $123.24.
Analysts Set New Price Targets
A number of equities research analysts recently commented on AMZN shares. CICC Research started coverage on Amazon.com in a research report on Sunday, July 9th. They issued an “outperform” rating on the stock. Barclays upped their target price on Amazon.com from $140.00 to $180.00 and gave the company an “overweight” rating in a research report on Monday, August 7th. JMP Securities upped their target price on Amazon.com from $140.00 to $175.00 and gave the company an “outperform” rating in a research report on Friday, August 4th. Loop Capital upped their target price on Amazon.com from $180.00 to $200.00 and gave the company a “buy” rating in a research report on Wednesday, August 23rd. Finally, Piper Sandler upped their target price on Amazon.com from $175.00 to $185.00 and gave the company an “overweight” rating in a research report on Thursday, August 24th. Three analysts have rated the stock with a hold rating and forty-eight have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, Amazon.com currently has a consensus rating of “Moderate Buy” and a consensus target price of $161.30.
Check Out Our Latest Stock Analysis on AMZN
Insider Activity at Amazon.com
In related news, major shareholder Amazon Com Inc sold 1,177,000 shares of the firm’s stock in a transaction dated 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 directly 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 Securities & Exchange Commission, which is accessible through this hyperlink. In other news, SVP David Zapolsky sold 42,816 shares of Amazon.com stock in a transaction dated Thursday, September 14th. The stock was sold at an average price of $145.13, for a total value of $6,213,886.08. Following the completion of the transaction, the senior vice president now owns 64,380 shares in the company, valued at approximately $9,343,469.40. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, major shareholder Amazon Com Inc sold 1,177,000 shares of Amazon.com stock in a transaction dated Wednesday, August 9th. The shares were 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 sold 1,408,145 shares of company stock worth $55,144,443 in the last three months. 12.70% of the stock is owned by company insiders.
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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