Xcel Wealth Management LLC boosted its position in shares of Amazon.com, Inc. (NASDAQ:AMZN – Free Report) by 1.5% in the 2nd quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 132,174 shares of the e-commerce giant’s stock after purchasing an additional 2,000 shares during the period. Amazon.com comprises about 5.4% of Xcel Wealth Management LLC’s investment portfolio, making the stock its 2nd biggest position. Xcel Wealth Management LLC’s holdings in Amazon.com were worth $17,230,000 at the end of the most recent reporting period.
Several other institutional investors have also recently added to or reduced their stakes in AMZN. Laurel Wealth Planning LLC increased its position in Amazon.com by 1,900.0% in the 2nd quarter. Laurel Wealth Planning LLC now owns 320 shares of the e-commerce giant’s stock valued at $34,000 after acquiring an additional 304 shares in the last quarter. Sanctuary Wealth Management L.L.C. acquired a new stake in Amazon.com in the 4th quarter valued at about $37,000. Swaine & Leidel Wealth Services LLC acquired a new stake in Amazon.com in the 1st quarter valued at about $38,000. Atlantic Private Wealth LLC acquired a new stake in Amazon.com in the 1st quarter valued at about $43,000. Finally, Goodwin Investment Advisory increased its position in Amazon.com by 1,225.8% in the 2nd quarter. Goodwin Investment Advisory now owns 411 shares of the e-commerce giant’s stock valued at $44,000 after acquiring an additional 380 shares in the last quarter. 57.96% of the stock is owned by institutional investors.
Insider Buying and Selling at Amazon.com
In other Amazon.com news, VP Shelley Reynolds sold 3,100 shares of the company’s 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 directly owns 119,780 shares in the company, valued at $16,034,948.60. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. In other Amazon.com news, CEO Douglas J. Herrington sold 4,000 shares of the company’s stock in a transaction on Tuesday, August 1st. The shares were sold at an average price of $133.55, for a total value of $534,200.00. Following the transaction, the chief executive officer now directly owns 560,301 shares in the company, valued at $74,828,198.55. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. Also, VP Shelley Reynolds sold 3,100 shares of the company’s stock in a transaction on Monday, August 21st. The shares were sold at an average price of $133.87, for a total transaction of $414,997.00. Following the completion of the transaction, the vice president now owns 119,780 shares in the company, valued at $16,034,948.60. The disclosure for this sale can be found here. Insiders have sold a total of 1,408,645 shares of company stock worth $55,208,288 over the last ninety days. Insiders own 12.30% of the company’s stock.
Analyst Upgrades and Downgrades
Read Our Latest Report on Amazon.com
Amazon.com Stock Performance
NASDAQ AMZN opened at $119.57 on Friday. The company has a current ratio of 0.95, a quick ratio of 0.70 and a debt-to-equity ratio of 0.37. The firm’s fifty day moving average price is $132.39 and its two-hundred day moving average price is $125.38. Amazon.com, Inc. has a 1 year low of $81.43 and a 1 year high of $145.86. The firm has a market capitalization of $1.23 trillion, a P/E ratio of 94.15, a price-to-earnings-growth ratio of 1.95 and a beta of 1.24.
Amazon.com (NASDAQ:AMZN – Get Free Report) last posted its quarterly earnings results 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 net margin of 2.43% and a return on equity of 9.14%. The firm had revenue of $134.38 billion for the quarter, compared to analyst estimates of $131.54 billion. As a group, research analysts anticipate that Amazon.com, Inc. will post 2.24 EPS for the current year.
About Amazon.com
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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