Center For Asset Management LLC grew its holdings in Amazon.com, Inc. (NASDAQ:AMZN – Free Report) by 5.7% during the second quarter, according to the company in its most recent filing with the SEC. The fund owned 3,336 shares of the e-commerce giant’s stock after acquiring an additional 180 shares during the quarter. Center For Asset Management LLC’s holdings in Amazon.com were worth $435,000 at the end of the most recent reporting period.
Other hedge funds have also made changes to their positions in the company. SFE Investment Counsel boosted its holdings in shares of Amazon.com by 1.4% in the 2nd quarter. SFE Investment Counsel now owns 60,698 shares of the e-commerce giant’s stock valued at $7,913,000 after buying an additional 841 shares in the last quarter. TrueWealth Financial Partners acquired a new position in shares of Amazon.com in the 2nd quarter valued at $686,000. Hexagon Capital Partners LLC lifted its holdings in shares of Amazon.com by 1.1% in the 2nd quarter. Hexagon Capital Partners LLC now owns 22,292 shares of the e-commerce giant’s stock valued at $2,906,000 after purchasing an additional 245 shares during the last quarter. Horrell Capital Management Inc. lifted its holdings in shares of Amazon.com by 1.9% in the 2nd quarter. Horrell Capital Management Inc. now owns 36,654 shares of the e-commerce giant’s stock valued at $4,778,000 after purchasing an additional 685 shares during the last quarter. Finally, Source Financial Advisors LLC lifted its holdings in shares of Amazon.com by 6.5% in the 2nd quarter. Source Financial Advisors LLC now owns 13,465 shares of the e-commerce giant’s stock valued at $1,755,000 after purchasing an additional 824 shares during the last quarter. Hedge funds and other institutional investors own 57.96% of the company’s stock.
Wall Street Analyst Weigh In
Several analysts have recently weighed in on AMZN shares. Stifel Nicolaus initiated coverage on Amazon.com in a report on Tuesday. They issued a “buy” rating and a $173.00 target price for the company. Needham & Company LLC reaffirmed a “buy” rating and issued a $160.00 target price on shares of Amazon.com in a report on Thursday, September 28th. Susquehanna lifted their target price on shares of Amazon.com from $150.00 to $185.00 and gave the company a “positive” rating in a report on Friday, August 4th. Benchmark lifted their target price on shares of Amazon.com from $130.00 to $170.00 and gave the company a “buy” rating in a report on Friday, August 4th. Finally, Wells Fargo & Company reissued an “overweight” rating and set a $165.00 price target on shares of Amazon.com in a report on Tuesday, October 10th. Two 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, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $165.21.
Amazon.com Stock Performance
Shares of NASDAQ AMZN opened at $125.17 on Friday. The company has a market cap of $1.29 trillion, a PE ratio of 98.56, a price-to-earnings-growth ratio of 1.95 and a beta of 1.24. Amazon.com, Inc. has a 12 month low of $81.43 and a 12 month high of $145.86. 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 50-day simple moving average of $133.41 and a 200-day simple moving average of $124.78.
Amazon.com (NASDAQ:AMZN – Get Free Report) last posted its quarterly earnings data on Thursday, August 3rd. The e-commerce giant reported $0.63 earnings per share (EPS) for the quarter, topping the consensus estimate 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 analysts’ expectations of $131.54 billion. On average, equities analysts anticipate that Amazon.com, Inc. will post 2.23 earnings per share for the current year.
Insider Transactions at Amazon.com
In other news, major shareholder Amazon Com Inc sold 1,177,000 shares of the stock in a transaction dated 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 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 SEC, which is available at this hyperlink. In other news, major shareholder Amazon Com Inc sold 1,177,000 shares of the stock in a transaction dated 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 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 SEC, which is available at this hyperlink. Also, CEO Adam Selipsky sold 500 shares of the stock in a transaction dated 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 owns 149,780 shares in the company, valued at $19,393,514.40. The disclosure for this sale can be found here. Insiders have sold 1,408,645 shares of company stock worth $55,207,763 over the last quarter. 12.30% of the stock is currently owned by insiders.
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.
Featured Stories
- Five stocks we like better than Amazon.com
- How to Buy Metaverse Stock Step by Step
- Institutions Buy Consumer Staples, is the Bottom in?
- What is the NASDAQ Stock Exchange?
- Fastenal or Simpson Manufacturing: Which is the Better Buy?
- How Investors Can Identify and Successfully Trade Gap-Down Stocks
- Can These 3 Semiconductor Stocks Outpace Nvidia’s Growth?
Receive News & Ratings for Amazon.com Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Amazon.com and related companies with MarketBeat.com's FREE daily email newsletter.
