Legacy Advisors LLC raised its stake in Amazon.com, Inc. (NASDAQ:AMZN – Free Report) by 11.8% during the second quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 61,253 shares of the e-commerce giant’s stock after buying an additional 6,458 shares during the quarter. Amazon.com comprises approximately 1.2% of Legacy Advisors LLC’s investment portfolio, making the stock its 11th biggest holding. Legacy Advisors LLC’s holdings in Amazon.com were worth $7,985,000 as of its most recent SEC filing.
A number of other institutional investors have also made changes to their positions in the business. Laurel Wealth Planning LLC lifted its stake in Amazon.com by 1,900.0% in the second quarter. Laurel Wealth Planning LLC now owns 320 shares of the e-commerce giant’s stock valued at $34,000 after acquiring an additional 304 shares during the last quarter. Sanctuary Wealth Management L.L.C. acquired a new stake in Amazon.com in the fourth quarter valued at $37,000. Swaine & Leidel Wealth Services LLC acquired a new stake in Amazon.com in the first quarter valued at $38,000. Ruedi Wealth Management Inc. acquired a new stake in Amazon.com in the fourth quarter valued at $40,000. Finally, Atlantic Private Wealth LLC acquired a new stake in Amazon.com in the first quarter valued at $43,000. Institutional investors own 57.96% of the company’s stock.
Amazon.com Stock Performance
Shares of AMZN stock opened at $132.33 on Friday. The firm has a market capitalization of $1.37 trillion, a PE ratio of 104.20, a price-to-earnings-growth ratio of 1.70 and a beta of 1.24. The firm has a fifty day simple moving average of $134.63 and a two-hundred day simple moving average of $123.58. 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 12 month low of $81.43 and a 12 month high of $145.86.
Analyst Upgrades and Downgrades
Several equities analysts have recently weighed in on the stock. Bank of America reissued a “buy” rating and issued a $174.00 price objective on shares of Amazon.com in a research report on Tuesday, September 26th. UBS Group increased their price objective on shares of Amazon.com from $150.00 to $175.00 and gave the company a “buy” rating in a research report on Friday, August 4th. Argus reaffirmed a “buy” rating and set a $165.00 price target on shares of Amazon.com in a research report on Wednesday, September 27th. Wells Fargo & Company reaffirmed an “overweight” rating and set a $165.00 price target on shares of Amazon.com in a research report on Tuesday. Finally, Mizuho reaffirmed a “buy” rating and set a $180.00 price target on shares of Amazon.com in a research report on Wednesday, September 27th. Two equities research analysts have rated the stock with a hold rating and forty-nine have assigned a buy rating to the company. Based on data from MarketBeat, Amazon.com currently has a consensus rating of “Moderate Buy” and a consensus target price of $161.94.
Read Our Latest Research Report on Amazon.com
Insider Buying and Selling at Amazon.com
In other Amazon.com news, CEO Adam Selipsky sold 500 shares of the business’s 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 owns 149,780 shares in the company, valued at approximately $19,393,514.40. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. In other Amazon.com news, SVP David Zapolsky sold 42,816 shares of Amazon.com stock in a transaction on Thursday, September 14th. The shares were sold at an average price of $145.13, for a total transaction of $6,213,886.08. Following the transaction, the senior vice president now directly owns 64,380 shares of the company’s stock, valued at approximately $9,343,469.40. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, CEO Adam Selipsky sold 500 shares of Amazon.com stock in a transaction on Monday, July 24th. The stock was sold at an average price of $129.48, for a total transaction of $64,740.00. Following the transaction, the chief executive officer now directly owns 149,780 shares in the company, valued at $19,393,514.40. The disclosure for this sale can be found here. In the last 90 days, insiders sold 1,408,645 shares of company stock worth $55,207,763. 12.70% of the stock is owned by corporate 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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