Olistico Wealth LLC lessened its holdings in Amazon.com, Inc. (NASDAQ:AMZN) by 10.3% in the second quarter, HoldingsChannel.com reports. The firm owned 28,635 shares of the e-commerce giant’s stock after selling 3,278 shares during the period. Amazon.com accounts for approximately 3.2% of Olistico Wealth LLC’s investment portfolio, making the stock its 6th biggest holding. Olistico Wealth LLC’s holdings in Amazon.com were worth $3,733,000 at the end of the most recent reporting period.
Other institutional investors have also recently added to or reduced their stakes in the company. Kavar Capital Partners Group LLC lifted its stake in Amazon.com by 7.6% in the first quarter. Kavar Capital Partners Group LLC now owns 1,121 shares of the e-commerce giant’s stock valued at $3,654,000 after buying an additional 79 shares during the last quarter. IFM Investors Pty Ltd increased its stake in shares of Amazon.com by 21.8% in the first quarter. IFM Investors Pty Ltd now owns 72,911 shares of the e-commerce giant’s stock valued at $237,686,000 after purchasing an additional 13,060 shares during the period. Ironwood Wealth Management LLC. raised its holdings in shares of Amazon.com by 0.8% during the first quarter. Ironwood Wealth Management LLC. now owns 1,810 shares of the e-commerce giant’s stock valued at $5,901,000 after buying an additional 15 shares during the last quarter. Markel Corp grew its holdings in Amazon.com by 0.6% in the 1st quarter. Markel Corp now owns 99,068 shares of the e-commerce giant’s stock worth $322,956,000 after buying an additional 550 shares in the last quarter. Finally, Leelyn Smith LLC increased its position in Amazon.com by 24.8% in the 1st quarter. Leelyn Smith LLC now owns 2,721 shares of the e-commerce giant’s stock valued at $8,870,000 after acquiring an additional 540 shares during the period. Institutional investors own 57.96% of the company’s stock.
Analysts Set New Price Targets
Several research analysts have recently issued reports on AMZN shares. Oppenheimer reissued an “outperform” rating and issued a $170.00 price target on shares of Amazon.com in a research note on Thursday, October 19th. Redburn Partners raised their target price on shares of Amazon.com from $220.00 to $230.00 and gave the company a “buy” rating in a research note on Friday, August 11th. Mizuho restated a “buy” rating and set a $180.00 price target on shares of Amazon.com in a research report on Wednesday, September 27th. TD Cowen raised their price objective on shares of Amazon.com from $150.00 to $165.00 and gave the company an “outperform” rating in a research note on Friday, August 4th. Finally, Morgan Stanley restated an “overweight” rating and issued a $175.00 target price on shares of Amazon.com in a research report on Monday, October 2nd. Two analysts have rated the stock with a hold rating and forty-nine have issued a buy rating to the company. According to MarketBeat, Amazon.com currently has an average rating of “Moderate Buy” and an average target price of $165.21.
Insider Activity at Amazon.com
In related news, CEO Douglas J. Herrington sold 4,000 shares of the business’s stock in a transaction on Tuesday, August 1st. The shares were sold at an average price of $133.55, for a total transaction of $534,200.00. Following the transaction, the chief executive officer now owns 560,301 shares of the company’s stock, valued at $74,828,198.55. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. In other news, CEO Douglas J. Herrington sold 50,000 shares of the business’s stock in a transaction that occurred on 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, CEO Douglas J. Herrington sold 4,000 shares of the firm’s stock in a transaction on Tuesday, August 1st. The stock was sold at an average price of $133.55, for a total value of $534,200.00. Following the completion of the transaction, the chief executive officer now directly owns 560,301 shares of the company’s stock, valued at $74,828,198.55. The disclosure for this sale can be found here. Insiders sold a total of 1,408,645 shares of company stock worth $55,208,288 in the last 90 days. 12.70% of the stock is owned by company insiders.
Amazon.com Stock Performance
AMZN opened at $126.56 on Tuesday. The stock has a 50-day moving average of $133.13 and a 200-day moving average of $125.26. 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 company has a market cap of $1.31 trillion, a PE ratio of 99.65, a price-to-earnings-growth ratio of 1.90 and a beta of 1.24.
Amazon.com (NASDAQ:AMZN – Get Free Report) last announced 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 firm had revenue of $134.38 billion during 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%. As a group, equities research analysts forecast that Amazon.com, Inc. will post 2.23 earnings per share for the current fiscal year.
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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