Waldron Private Wealth LLC decreased its stake in shares of Amazon.com, Inc. (NASDAQ:AMZN) by 4.6% in the 2nd quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 4,104 shares of the e-commerce giant’s stock after selling 196 shares during the period. Amazon.com accounts for 0.8% of Waldron Private Wealth LLC’s investment portfolio, making the stock its 24th biggest position. Waldron Private Wealth LLC’s holdings in Amazon.com were worth $7,771,000 as of its most recent filing with the SEC.
A number of other institutional investors also recently added to or reduced their stakes in the business. Signet Investment Advisory Group Inc. purchased a new stake in shares of Amazon.com in the fourth quarter valued at $33,000. Financial Advantage Inc. purchased a new stake in shares of Amazon.com in the fourth quarter valued at $45,000. Litman Gregory Asset Management LLC purchased a new stake in shares of Amazon.com in the second quarter valued at $53,000. Mascoma Wealth Management LLC grew its position in shares of Amazon.com by 15.6% in the fourth quarter. Mascoma Wealth Management LLC now owns 52 shares of the e-commerce giant’s stock valued at $78,000 after purchasing an additional 7 shares during the period. Finally, Contravisory Investment Management Inc. grew its position in shares of Amazon.com by 20.6% in the second quarter. Contravisory Investment Management Inc. now owns 41 shares of the e-commerce giant’s stock valued at $78,000 after purchasing an additional 7 shares during the period. 57.26% of the stock is owned by institutional investors.
Shares of AMZN traded down $8.88 during midday trading on Tuesday, reaching $1,807.24. 499,475 shares of the company were exchanged, compared to its average volume of 3,991,210. The stock has a 50-day moving average price of $1,903.00 and a 200-day moving average price of $1,816.37. The company has a market cap of $886.71 billion, a price-to-earnings ratio of 89.73, a P/E/G ratio of 2.27 and a beta of 1.55. Amazon.com, Inc. has a 1-year low of $1,307.00 and a 1-year high of $2,050.50. The company has a current ratio of 1.10, a quick ratio of 0.84 and a debt-to-equity ratio of 0.44.
Amazon.com (NASDAQ:AMZN) last issued its quarterly earnings data on Thursday, July 25th. The e-commerce giant reported $5.22 EPS for the quarter, missing the Zacks’ consensus estimate of $5.29 by ($0.07). Amazon.com had a return on equity of 26.27% and a net margin of 4.80%. The company had revenue of $63.40 billion for the quarter, compared to analyst estimates of $62.59 billion. During the same quarter in the prior year, the firm earned $5.07 EPS. The company’s revenue for the quarter was up 19.9% compared to the same quarter last year. Equities research analysts anticipate that Amazon.com, Inc. will post 24.52 earnings per share for the current year.
In related news, insider David Zapolsky sold 763 shares of the business’s stock in a transaction dated Wednesday, July 10th. The stock was sold at an average price of $2,000.00, for a total value of $1,526,000.00. Following the transaction, the insider now owns 2,698 shares in the company, valued at $5,396,000. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, CEO Jeffrey A. Wilke sold 3,475 shares of the business’s stock in a transaction dated Thursday, August 15th. The stock was sold at an average price of $1,773.99, for a total value of $6,164,615.25. Following the completion of the transaction, the chief executive officer now owns 10,000 shares in the company, valued at approximately $17,739,900. The disclosure for this sale can be found here. In the last quarter, insiders sold 14,570 shares of company stock worth $27,690,021. Insiders own 16.10% of the company’s stock.
A number of equities research analysts have issued reports on the company. Goldman Sachs Group reissued a “buy” rating on shares of Amazon.com in a research report on Friday, July 26th. Piper Jaffray Companies boosted their price target on Amazon.com from $2,070.00 to $2,225.00 and gave the company an “overweight” rating in a research report on Friday, April 26th. UBS Group reissued a “buy” rating on shares of Amazon.com in a research report on Friday, July 26th. JMP Securities boosted their price target on Amazon.com from $2,050.00 to $2,275.00 and gave the company an “outperform” rating in a research report on Monday, April 29th. Finally, Barclays raised Amazon.com from an “outperform” rating to a “buy” rating in a research report on Monday, July 29th. One research analyst has rated the stock with a sell rating, two have given a hold rating and forty-two have assigned a buy rating to the company. Amazon.com presently has an average rating of “Buy” and a consensus price target of $2,251.95.
Amazon.com Company Profile
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 third-party sellers through physical stores and online stores.
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