Exchange Traded Concepts LLC trimmed its stake in shares of Amazon.com, Inc. (NASDAQ:AMZN – Free Report) by 15.7% in the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 149,324 shares of the e-commerce giant’s stock after selling 27,798 shares during the quarter. Exchange Traded Concepts LLC’s holdings in Amazon.com were worth $19,466,000 at the end of the most recent reporting period.
A number of other institutional investors have also added to or reduced their stakes in the stock. Golden State Equity Partners increased its position in Amazon.com by 162.4% in the 2nd 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 during the period. Next Level Private LLC acquired a new position in Amazon.com in the 2nd quarter valued at approximately $1,044,000. Mayfair Advisory Group LLC increased its position in Amazon.com by 12.0% in the 1st 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 during the period. Little House Capital LLC increased its position in Amazon.com by 6.3% in the 1st 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 during the period. Finally, Institute for Wealth Management LLC. increased its position in Amazon.com by 8.7% in the 1st quarter. Institute for Wealth Management LLC. now owns 90,790 shares of the e-commerce giant’s stock valued at $9,378,000 after acquiring an additional 7,285 shares during the period. 57.96% of the stock is currently owned by institutional investors and hedge funds.
Amazon.com Price Performance
AMZN opened at $131.83 on Thursday. The company has a market capitalization of $1.36 trillion, a price-to-earnings ratio of 103.80, a PEG ratio of 1.70 and a beta of 1.24. 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 50-day moving average price of $134.56 and a 200-day moving average price of $123.52. Amazon.com, Inc. has a twelve month low of $81.43 and a twelve month high of $145.86.
Insider Transactions at Amazon.com
In other news, SVP David Zapolsky sold 42,816 shares of Amazon.com stock in a transaction dated Thursday, September 14th. The shares were 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 $9,343,469.40. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. In other news, SVP David Zapolsky sold 42,816 shares of the firm’s stock in a transaction that occurred on Thursday, September 14th. The shares were 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 directly owns 64,380 shares in the company, valued at $9,343,469.40. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, CEO Adam Selipsky sold 500 shares of the firm’s stock in a transaction that occurred 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 transaction, the chief executive officer now owns 149,780 shares of the company’s stock, valued at $19,393,514.40. The disclosure for this sale can be found here. Insiders sold 1,408,645 shares of company stock worth $55,207,763 over the last quarter. Corporate insiders own 12.70% of the company’s stock.
Analysts Set New Price Targets
AMZN has been the subject of several recent research reports. 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. Credit Suisse Group upped their price objective on shares of Amazon.com from $176.00 to $189.00 and gave the company an “outperform” rating in a research note on Friday, August 4th. BNP Paribas raised shares of Amazon.com from an “underperform” rating to a “neutral” rating and set a $140.00 price objective on the stock in a research note on Friday, August 4th. Mizuho reaffirmed a “buy” rating and issued a $180.00 price objective on shares of Amazon.com in a research note on Wednesday, September 27th. Finally, Evercore ISI upped their price objective on shares of Amazon.com from $150.00 to $190.00 and gave the company an “outperform” rating in a research note on Friday, August 4th. Three analysts have rated the stock with a hold rating and forty-eight have assigned a buy rating to the company. According to MarketBeat.com, Amazon.com currently has an average rating of “Moderate Buy” and a consensus target price of $161.30.
Check Out Our Latest Analysis on AMZN
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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