Nadler Financial Group Inc. Has $2.48 Million Stake in Amazon.com, Inc. (AMZN)

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Nadler Financial Group Inc. lifted its position in Amazon.com, Inc. (NASDAQ:AMZN) by 8.4% in the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 1,458 shares of the e-commerce giant’s stock after purchasing an additional 113 shares during the period. Amazon.com comprises 0.7% of Nadler Financial Group Inc.’s portfolio, making the stock its 21st largest holding. Nadler Financial Group Inc.’s holdings in Amazon.com were worth $2,478,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently made changes to their positions in AMZN. Private Trust Co. NA boosted its position in shares of Amazon.com by 0.7% during the second quarter. Private Trust Co. NA now owns 4,504 shares of the e-commerce giant’s stock worth $7,655,000 after acquiring an additional 31 shares during the last quarter. Palladium Partners LLC boosted its position in shares of Amazon.com by 6.9% during the first quarter. Palladium Partners LLC now owns 493 shares of the e-commerce giant’s stock worth $714,000 after acquiring an additional 32 shares during the last quarter. Cim Investment Mangement Inc. boosted its position in shares of Amazon.com by 2.1% during the first quarter. Cim Investment Mangement Inc. now owns 1,608 shares of the e-commerce giant’s stock worth $2,327,000 after acquiring an additional 33 shares during the last quarter. Newman Dignan & Sheerar Inc. boosted its position in shares of Amazon.com by 13.3% during the second quarter. Newman Dignan & Sheerar Inc. now owns 282 shares of the e-commerce giant’s stock worth $479,000 after acquiring an additional 33 shares during the last quarter. Finally, American Economic Planning Group Inc. ADV boosted its position in shares of Amazon.com by 5.0% during the first quarter. American Economic Planning Group Inc. ADV now owns 720 shares of the e-commerce giant’s stock worth $1,042,000 after acquiring an additional 34 shares during the last quarter. 57.41% of the stock is owned by hedge funds and other institutional investors.

A number of equities analysts recently weighed in on the stock. Nomura restated a “buy” rating on shares of Amazon.com in a research report on Friday, July 27th. Canaccord Genuity upped their target price on shares of Amazon.com from $2,000.00 to $2,100.00 and gave the stock a “buy” rating in a research report on Friday, July 27th. Morgan Stanley restated a “buy” rating on shares of Amazon.com in a research report on Wednesday, July 11th. Macquarie restated a “buy” rating on shares of Amazon.com in a research report on Friday, July 27th. Finally, Barclays restated a “buy” rating and set a $1,870.00 target price on shares of Amazon.com in a research report on Friday, July 27th. One research analyst has rated the stock with a hold rating and fifty-one have issued a buy rating to the company’s stock. The stock currently has an average rating of “Buy” and an average target price of $1,976.73.

In related news, CEO Andrew R. Jassy sold 1,726 shares of the firm’s stock in a transaction dated Wednesday, August 15th. The shares were sold at an average price of $1,900.00, for a total value of $3,279,400.00. Following the transaction, the chief executive officer now owns 88,801 shares of the company’s stock, valued at approximately $168,721,900. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Also, CEO Jeffrey A. Wilke sold 2,000 shares of the firm’s stock in a transaction dated Wednesday, September 12th. The stock was sold at an average price of $1,981.72, for a total transaction of $3,963,440.00. Following the completion of the transaction, the chief executive officer now directly owns 10,000 shares in the company, valued at approximately $19,817,200. The disclosure for this sale can be found here. Insiders sold a total of 25,308 shares of company stock valued at $47,905,498 in the last 90 days. Company insiders own 16.30% of the company’s stock.

Amazon.com stock opened at $1,970.19 on Friday. The stock has a market capitalization of $970.60 billion, a PE ratio of 180.58, a PEG ratio of 4.15 and a beta of 1.60. The company has a debt-to-equity ratio of 0.70, a current ratio of 1.07 and a quick ratio of 0.78. Amazon.com, Inc. has a 12-month low of $931.75 and a 12-month high of $2,050.50.

Amazon.com (NASDAQ:AMZN) last released its earnings results on Thursday, July 26th. The e-commerce giant reported $5.07 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $2.49 by $2.58. The firm had revenue of $52.89 billion during the quarter, compared to analyst estimates of $53.37 billion. Amazon.com had a net margin of 3.02% and a return on equity of 18.47%. The business’s revenue was up 39.3% on a year-over-year basis. During the same quarter last year, the business earned $0.40 EPS. research analysts forecast that Amazon.com, Inc. will post 17.77 EPS for the current year.

About Amazon.com

Amazon.com, Inc engages in the retail sale of consumer products and subscriptions in North America and internationally. The company operates through three segments: North America, International, and Amazon Web Services (AWS) segments. It sells merchandise and content purchased for resale from vendors, as well as those offered by third-party sellers through physical stores and retail Websites, such as amazon.com, amazon.ca, amazon.com.mx, amazon.com.au, amazon.com.br, amazon.cn, amazon.fr, amazon.de, amazon.in, amazon.it, amazon.co.jp, amazon.nl, amazon.es, and amazon.co.uk.

See Also: Exchange-Traded Funds (ETFs)

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Institutional Ownership by Quarter for Amazon.com (NASDAQ:AMZN)

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