LMG Wealth Partners LLC increased its holdings in Amazon.com, Inc. (NASDAQ:AMZN) by 0.2% during the second quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 39,093 shares of the e-commerce giant’s stock after purchasing an additional 97 shares during the quarter. Amazon.com accounts for 1.6% of LMG Wealth Partners LLC’s holdings, making the stock its 23rd biggest position. LMG Wealth Partners LLC’s holdings in Amazon.com were worth $5,096,000 as of its most recent SEC filing.
Other hedge funds and other institutional investors have also made changes to their positions in the company. ANTIPODES PARTNERS Ltd purchased a new position in shares of Amazon.com in the second quarter worth approximately $123,733,000. Meitav Investment House Ltd. increased its position in shares of Amazon.com by 3.3% in the second quarter. Meitav Investment House Ltd. now owns 636,652 shares of the e-commerce giant’s stock worth $81,543,000 after acquiring an additional 20,574 shares in the last quarter. Golden State Equity Partners increased its position in shares of Amazon.com by 162.4% in the second quarter. Golden State Equity Partners now owns 47,315 shares of the e-commerce giant’s stock worth $6,168,000 after acquiring an additional 29,281 shares in the last quarter. Next Level Private LLC purchased a new position in shares of Amazon.com in the second quarter worth approximately $1,044,000. Finally, Mayfair Advisory Group LLC grew its position in Amazon.com by 12.0% during the first quarter. Mayfair Advisory Group LLC now owns 4,561 shares of the e-commerce giant’s stock valued at $468,000 after purchasing an additional 488 shares in the last quarter. 57.96% of the stock is currently owned by institutional investors.
Insider Transactions at Amazon.com
In other news, CEO Adam Selipsky sold 500 shares of the company’s stock in a transaction dated Thursday, October 19th. The shares were sold at an average price of $130.53, for a total value of $65,265.00. Following the sale, the chief executive officer now owns 104,520 shares of the company’s stock, valued at approximately $13,642,995.60. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. In other Amazon.com news, CEO Adam Selipsky sold 500 shares of the stock in a transaction dated Thursday, October 19th. The shares were sold at an average price of $130.53, for a total transaction of $65,265.00. Following the sale, the chief executive officer now owns 104,520 shares of the company’s stock, valued at approximately $13,642,995.60. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, VP Shelley Reynolds sold 3,100 shares of the stock in a transaction dated Monday, August 21st. The stock was sold at an average price of $133.87, for a total transaction of $414,997.00. Following the sale, the vice president now directly owns 119,780 shares in the company, valued at approximately $16,034,948.60. The disclosure for this sale can be found here. In the last quarter, insiders have sold 1,408,645 shares of company stock valued at $55,208,288. 12.30% of the stock is owned by insiders.
Amazon.com Stock Up 6.8 %
Amazon.com (NASDAQ:AMZN – Get Free Report) last posted its earnings results on Thursday, August 3rd. The e-commerce giant reported $0.63 earnings per share for the quarter, topping the consensus estimate of $0.34 by $0.29. Amazon.com had a net margin of 3.62% and a return on equity of 13.29%. The business had revenue of $134.38 billion for the quarter, compared to analyst estimates of $131.54 billion. Equities research analysts anticipate that Amazon.com, Inc. will post 2.23 EPS for the current fiscal year.
Wall Street Analyst Weigh In
AMZN has been the topic of a number of research analyst reports. Roth Mkm boosted their price objective on shares of Amazon.com from $155.00 to $165.00 and gave the company a “buy” rating in a research report on Friday, August 4th. BNP Paribas raised shares of Amazon.com from an “underperform” rating to a “neutral” rating and set a $140.00 price objective on the stock in a research report on Friday, August 4th. Truist Financial lowered their price objective on shares of Amazon.com from $176.00 to $174.00 and set a “buy” rating on the stock in a research report on Tuesday, October 17th. Rosenblatt Securities boosted their price objective on shares of Amazon.com from $184.00 to $185.00 and gave the company a “buy” rating in a research report on Friday. Finally, Stifel Nicolaus initiated coverage on shares of Amazon.com in a research report on Tuesday, October 17th. They set a “buy” rating and a $173.00 price objective on the stock. Three analysts have rated the stock with a hold rating and forty-two have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, Amazon.com presently has a consensus rating of “Moderate Buy” and a consensus target price of $169.00.
View Our Latest Analysis on AMZN
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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