Wells Trecaso Financial Group LLC cut its stake in Amazon.com, Inc. (NASDAQ:AMZN) by 1.6% during the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 10,110 shares of the e-commerce giant’s stock after selling 160 shares during the quarter. Wells Trecaso Financial Group LLC’s holdings in Amazon.com were worth $1,318,000 at the end of the most recent quarter.
A number of other hedge funds and other institutional investors also recently modified their holdings of the stock. State Street Corp raised its stake in shares of Amazon.com by 1,869.1% during the second quarter. State Street Corp now owns 326,727,487 shares of the e-commerce giant’s stock valued at $34,701,726,000 after purchasing an additional 310,134,486 shares during the period. Price T Rowe Associates Inc. MD boosted its stake in shares of Amazon.com by 1,838.8% in the second quarter. Price T Rowe Associates Inc. MD now owns 311,971,394 shares of the e-commerce giant’s stock valued at $33,134,481,000 after purchasing an additional 295,880,050 shares during the period. FMR LLC boosted its stake in shares of Amazon.com by 1,792.4% in the second quarter. FMR LLC now owns 286,047,356 shares of the e-commerce giant’s stock valued at $30,381,089,000 after purchasing an additional 270,931,640 shares during the period. Moneta Group Investment Advisors LLC increased its stake in Amazon.com by 120,235.9% during the 4th quarter. Moneta Group Investment Advisors LLC now owns 116,480,298 shares of the e-commerce giant’s stock worth $9,784,345,000 after buying an additional 116,383,502 shares during the period. Finally, Norges Bank acquired a new position in Amazon.com in the 4th quarter worth $8,263,591,000. Institutional investors and hedge funds own 57.96% of the company’s stock.
Insider Transactions at Amazon.com
In related news, CEO Adam Selipsky sold 500 shares of Amazon.com stock in a transaction 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 transaction, 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 legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. In related news, major shareholder Amazon Com Inc sold 1,177,000 shares of the business’s stock in a transaction 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 transaction, the insider now owns 12,741,445 shares of the company’s stock, valued at $248,458,177.50. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, CEO Adam Selipsky sold 500 shares of the stock in a transaction 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 directly owns 149,780 shares of the company’s stock, valued at $19,393,514.40. The disclosure for this sale can be found here. Over the last three months, insiders sold 1,408,645 shares of company stock worth $55,207,763. 12.30% of the stock is owned by insiders.
Analysts Set New Price Targets
Check Out Our Latest Stock Analysis on Amazon.com
Amazon.com Trading Up 1.0 %
Amazon.com stock opened at $129.48 on Wednesday. Amazon.com, Inc. has a one year low of $81.43 and a one year high of $145.86. The company’s fifty day moving average price is $134.49 and its two-hundred day moving average price is $123.46. The company has a debt-to-equity ratio of 0.37, a current ratio of 0.95 and a quick ratio of 0.70. The company has a market capitalization of $1.34 trillion, a price-to-earnings ratio of 101.95, a PEG ratio of 1.69 and a beta of 1.24.
Amazon.com (NASDAQ:AMZN – Get Free Report) last issued its quarterly earnings data 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. Amazon.com had a return on equity of 9.14% and a net margin of 2.43%. The business had revenue of $134.38 billion for the quarter, compared to analyst estimates of $131.54 billion. On average, analysts forecast that Amazon.com, Inc. will post 2.23 earnings per share for the current fiscal 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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