McGlone Suttner Wealth Management Inc. grew its stake in Amazon.com, Inc. (NASDAQ:AMZN) by 15.8% during the second quarter, HoldingsChannel.com reports. The firm owned 7,229 shares of the e-commerce giant’s stock after buying an additional 989 shares during the period. McGlone Suttner Wealth Management Inc.’s holdings in Amazon.com were worth $942,000 at the end of the most recent quarter.
Several other hedge funds and other institutional investors have also made changes to their positions in the stock. JB Capital LLC grew its holdings in Amazon.com by 3.0% during the second quarter. JB Capital LLC now owns 47,738 shares of the e-commerce giant’s stock valued at $6,223,000 after purchasing an additional 1,401 shares during the period. NatWest Group plc bought a new stake in shares of Amazon.com in the 2nd quarter valued at $2,947,000. MCIA Inc raised its stake in Amazon.com by 18.3% during the 2nd quarter. MCIA Inc now owns 5,138 shares of the e-commerce giant’s stock worth $662,000 after buying an additional 793 shares during the period. 3Chopt Investment Partners LLC lifted its holdings in Amazon.com by 8.9% during the second quarter. 3Chopt Investment Partners LLC now owns 2,793 shares of the e-commerce giant’s stock worth $364,000 after acquiring an additional 229 shares in the last quarter. Finally, Chartwell Investment Partners LLC increased its holdings in shares of Amazon.com by 8.7% in the second quarter. Chartwell Investment Partners LLC now owns 272,487 shares of the e-commerce giant’s stock worth $35,521,000 after acquiring an additional 21,811 shares in the last quarter. 57.96% of the stock is currently owned by institutional investors.
Analysts Set New Price Targets
Several equities analysts recently issued reports on the company. Argus reiterated a “buy” rating and issued a $165.00 price objective on shares of Amazon.com in a research report on Wednesday, September 27th. CICC Research initiated coverage on shares of Amazon.com in a research report on Sunday, July 9th. They issued an “outperform” rating on the stock. Susquehanna increased their target price on Amazon.com from $150.00 to $185.00 and gave the stock a “positive” rating in a report on Friday, August 4th. Rosenblatt Securities raised Amazon.com from a “neutral” rating to a “buy” rating and lifted their target price for the company from $111.00 to $184.00 in a research report on Friday, August 4th. Finally, Telsey Advisory Group reissued an “outperform” rating and set a $160.00 price target on shares of Amazon.com in a research report on Wednesday, October 11th. Two research analysts have rated the stock with a hold rating and forty-nine have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $165.21.
Insider Activity at Amazon.com
In other Amazon.com news, CEO Douglas J. Herrington sold 50,000 shares of the business’s stock in a transaction on Friday, August 4th. The shares were sold at an average price of $141.00, for a total transaction of $7,050,000.00. Following the sale, the chief executive officer now owns 510,301 shares of the company’s stock, valued at $71,952,441. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. In other news, CEO Douglas J. Herrington sold 50,000 shares of the business’s stock in a transaction dated Friday, August 4th. The stock was sold at an average price of $141.00, for a total transaction of $7,050,000.00. Following the sale, the chief executive officer now directly owns 510,301 shares in the company, valued at $71,952,441. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, major shareholder Amazon Com Inc sold 1,177,000 shares of the firm’s stock in a transaction that occurred on 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 completion of the transaction, the insider now owns 12,741,445 shares of the company’s stock, valued at approximately $248,458,177.50. The disclosure for this sale can be found here. Insiders sold a total of 1,408,645 shares of company stock valued at $55,208,288 in the last quarter. Insiders own 12.70% of the company’s stock.
Amazon.com Trading Up 1.1 %
Shares of AMZN opened at $126.56 on Tuesday. The company has a debt-to-equity ratio of 0.37, a quick ratio of 0.70 and a current ratio of 0.95. Amazon.com, Inc. has a 52-week low of $81.43 and a 52-week high of $145.86. The firm has a market cap of $1.31 trillion, a price-to-earnings ratio of 99.65, a PEG ratio of 1.90 and a beta of 1.24. The business’s fifty day moving average is $133.13 and its 200-day moving average is $125.26.
Amazon.com (NASDAQ:AMZN – Get Free Report) last released its earnings results on Thursday, August 3rd. The e-commerce giant reported $0.63 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.34 by $0.29. The firm 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%. Equities analysts anticipate that Amazon.com, Inc. will post 2.23 EPS for the current fiscal year.
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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