Values Added Financial LLC bought a new stake in shares of Amazon.com, Inc. (NASDAQ:AMZN) during the 2nd quarter, according to its most recent filing with the SEC. The firm bought 10,726 shares of the e-commerce giant’s stock, valued at approximately $1,398,000. Amazon.com accounts for 1.3% of Values Added Financial LLC’s holdings, making the stock its 20th biggest position.
Several other hedge funds have also modified their holdings of the stock. Bridgewater Advisors Inc. raised its holdings in shares of Amazon.com by 5.2% during the 2nd quarter. Bridgewater Advisors Inc. now owns 35,587 shares of the e-commerce giant’s stock valued at $4,639,000 after buying an additional 1,758 shares during the period. Achmea Investment Management B.V. grew its stake in Amazon.com by 37.4% during the 2nd quarter. Achmea Investment Management B.V. now owns 905,783 shares of the e-commerce giant’s stock valued at $118,078,000 after purchasing an additional 246,518 shares in the last quarter. Bank Julius Baer & Co. Ltd Zurich grew its stake in Amazon.com by 7.0% during the 2nd quarter. Bank Julius Baer & Co. Ltd Zurich now owns 3,118,490 shares of the e-commerce giant’s stock valued at $406,526,000 after purchasing an additional 204,811 shares in the last quarter. Arkfeld Wealth Strategies L.L.C. grew its stake in Amazon.com by 1.6% during the 2nd quarter. Arkfeld Wealth Strategies L.L.C. now owns 91,384 shares of the e-commerce giant’s stock valued at $11,953,000 after purchasing an additional 1,405 shares in the last quarter. Finally, Global Trust Asset Management LLC grew its stake in Amazon.com by 4.4% during the 2nd quarter. Global Trust Asset Management LLC now owns 15,917 shares of the e-commerce giant’s stock valued at $2,075,000 after purchasing an additional 672 shares in the last quarter. 57.96% of the stock is currently owned by hedge funds and other institutional investors.
Insider Buying and Selling
In related news, major shareholder Amazon Com Inc sold 1,177,000 shares of Amazon.com stock in a transaction on Wednesday, August 9th. The stock was sold at an average price of $19.50, for a total value of $22,951,500.00. Following 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 legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. In other news, major shareholder Amazon Com Inc sold 1,177,000 shares of Amazon.com 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 transaction, the insider now owns 12,741,445 shares in the company, valued at $248,458,177.50. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, VP Shelley Reynolds sold 3,100 shares of Amazon.com stock in a transaction on Monday, August 21st. The shares were sold at an average price of $133.87, for a total value of $414,997.00. Following the transaction, the vice president now owns 119,780 shares in the company, valued at approximately $16,034,948.60. The disclosure for this sale can be found here. Insiders have sold 1,408,645 shares of company stock worth $55,207,763 in the last three months. 12.70% of the stock is currently owned by insiders.
Amazon.com Stock Down 2.5 %
Amazon.com (NASDAQ:AMZN – Get Free Report) last issued its earnings results on Thursday, August 3rd. The e-commerce giant reported $0.63 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.34 by $0.29. The business had revenue of $134.38 billion for the quarter, compared to analysts’ expectations of $131.54 billion. Amazon.com had a return on equity of 9.14% and a net margin of 2.43%. On average, equities analysts predict that Amazon.com, Inc. will post 2.23 EPS for the current fiscal year.
Wall Street Analyst Weigh In
A number of brokerages have weighed in on AMZN. Deutsche Bank Aktiengesellschaft restated a “buy” rating and set a $175.00 price objective on shares of Amazon.com in a research note on Tuesday. Rosenblatt Securities upgraded Amazon.com from a “neutral” rating to a “buy” rating and raised their price objective for the company from $111.00 to $184.00 in a research note on Friday, August 4th. Credit Suisse Group raised their price objective on Amazon.com from $176.00 to $189.00 and gave the company an “outperform” rating in a research note on Friday, August 4th. Jefferies Financial Group raised their price objective on Amazon.com from $135.00 to $150.00 in a research note on Wednesday, June 21st. Finally, Robert W. Baird lifted their target price on Amazon.com from $150.00 to $155.00 and gave the stock an “outperform” rating in a research report on Friday, August 4th. Two investment analysts have rated the stock with a hold rating and forty-nine have given a buy rating to the company’s stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $164.26.
Read Our Latest Research Report 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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