BetterWealth LLC decreased its holdings in shares of Amazon.com, Inc. (NASDAQ:AMZN) by 8.5% during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 4,152 shares of the e-commerce giant’s stock after selling 386 shares during the quarter. Amazon.com accounts for approximately 0.2% of BetterWealth LLC’s holdings, making the stock its 26th biggest position. BetterWealth LLC’s holdings in Amazon.com were worth $541,000 at the end of the most recent quarter.
Other institutional investors and hedge funds have also modified their holdings of the company. Laurel Wealth Planning LLC boosted its position in Amazon.com by 1,900.0% during the second quarter. Laurel Wealth Planning LLC now owns 320 shares of the e-commerce giant’s stock valued at $34,000 after purchasing an additional 304 shares during the last quarter. Sanctuary Wealth Management L.L.C. acquired a new stake in Amazon.com during the fourth quarter valued at $37,000. Swaine & Leidel Wealth Services LLC acquired a new stake in Amazon.com during the first quarter valued at $38,000. Atlantic Private Wealth LLC acquired a new stake in Amazon.com during the first quarter valued at $43,000. Finally, Goodwin Investment Advisory boosted its position in Amazon.com by 1,225.8% during the second quarter. Goodwin Investment Advisory now owns 411 shares of the e-commerce giant’s stock valued at $44,000 after purchasing an additional 380 shares during the last quarter. Hedge funds and other institutional investors own 57.96% of the company’s stock.
Amazon.com Stock Down 2.5 %
Shares of AMZN opened at $125.17 on Friday. The firm has a market capitalization of $1.29 trillion, a price-to-earnings ratio of 98.56, a PEG ratio of 1.95 and a beta of 1.24. The company has a debt-to-equity ratio of 0.37, a quick ratio of 0.70 and a current ratio of 0.95. The business’s fifty day moving average price is $133.41 and its two-hundred day moving average price is $124.78. Amazon.com, Inc. has a 52 week low of $81.43 and a 52 week high of $145.86.
Wall Street Analyst Weigh In
AMZN has been the subject of a number of analyst reports. Morgan Stanley reaffirmed an “overweight” rating and issued a $175.00 price target on shares of Amazon.com in a research report on Monday, October 2nd. Tigress Financial boosted their price target on Amazon.com from $192.00 to $204.00 in a research report on Thursday, July 13th. Bank of America reaffirmed a “buy” rating and issued a $174.00 price target on shares of Amazon.com in a research report on Tuesday, September 26th. Oppenheimer reaffirmed an “outperform” rating and issued a $170.00 price target on shares of Amazon.com in a research report on Thursday. Finally, BNP Paribas raised Amazon.com from an “underperform” rating to a “neutral” rating and set a $140.00 price objective for the company 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. According to MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average target price of $165.21.
Get Our Latest Stock Analysis on Amazon.com
Insider Transactions at Amazon.com
In other news, CEO Adam Selipsky sold 500 shares of the firm’s stock in a transaction on Thursday, October 5th. The stock was sold at an average price of $126.64, for a total value of $63,320.00. Following the transaction, the chief executive officer now directly owns 105,520 shares in the company, valued at approximately $13,363,052.80. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. In other Amazon.com news, major shareholder Amazon Com Inc sold 1,177,000 shares of Amazon.com 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 transaction, the insider now directly owns 12,741,445 shares in the company, valued at $248,458,177.50. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, CEO Adam Selipsky sold 500 shares of Amazon.com stock in a transaction dated Thursday, October 5th. The stock was sold at an average price of $126.64, for a total value of $63,320.00. Following the transaction, the chief executive officer now owns 105,520 shares in the company, valued at $13,363,052.80. 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. Insiders own 12.30% of the company’s stock.
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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