Edge Wealth Management LLC Purchases 233 Shares of Amazon.com, Inc. (AMZN)

Edge Wealth Management LLC increased its position in Amazon.com, Inc. (NASDAQ:AMZN) by 12.6% in the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 2,088 shares of the e-commerce giant’s stock after buying an additional 233 shares during the quarter. Edge Wealth Management LLC’s holdings in Amazon.com were worth $3,549,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other large investors have also recently added to or reduced their stakes in the stock. Summit Trail Advisors LLC lifted its position in Amazon.com by 180,406.1% in the 1st quarter. Summit Trail Advisors LLC now owns 9,848,415 shares of the e-commerce giant’s stock worth $9,848,000 after buying an additional 9,842,959 shares during the last quarter. Fisher Asset Management LLC lifted its position in Amazon.com by 3.3% in the 1st quarter. Fisher Asset Management LLC now owns 1,853,073 shares of the e-commerce giant’s stock worth $2,682,027,000 after buying an additional 59,516 shares during the last quarter. Massachusetts Financial Services Co. MA lifted its position in Amazon.com by 0.3% in the 1st quarter. Massachusetts Financial Services Co. MA now owns 1,449,920 shares of the e-commerce giant’s stock worth $2,098,527,000 after buying an additional 4,491 shares during the last quarter. Schwab Charles Investment Management Inc. lifted its position in Amazon.com by 4.2% in the 1st quarter. Schwab Charles Investment Management Inc. now owns 1,431,303 shares of the e-commerce giant’s stock worth $2,071,583,000 after buying an additional 58,070 shares during the last quarter. Finally, Sumitomo Mitsui Trust Holdings Inc. lifted its position in Amazon.com by 1.7% in the 1st quarter. Sumitomo Mitsui Trust Holdings Inc. now owns 1,306,378 shares of the e-commerce giant’s stock worth $1,890,773,000 after buying an additional 21,243 shares during the last quarter. Institutional investors own 57.32% of the company’s stock.

Shares of AMZN stock opened at $2,012.98 on Friday. The firm has a market capitalization of $963.07 billion, a P/E ratio of 442.41, a PEG ratio of 4.12 and a beta of 1.60. Amazon.com, Inc. has a twelve month low of $950.10 and a twelve month high of $2,050.50. The company has a debt-to-equity ratio of 0.70, a quick ratio of 0.78 and a current ratio of 1.07.

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

In other Amazon.com news, CEO Jeffrey A. Wilke sold 1,645 shares of the business’s stock in a transaction on Monday, August 20th. The stock was sold at an average price of $1,877.32, for a total value of $3,088,191.40. Following the sale, the chief executive officer now directly owns 10,000 shares of the company’s stock, valued at $18,773,200. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, CEO Andrew R. Jassy sold 1,726 shares of the business’s stock in a transaction on Wednesday, August 15th. The stock was sold at an average price of $1,900.00, for a total value of $3,279,400.00. Following the completion of the sale, the chief executive officer now directly owns 88,801 shares in the company, valued at $168,721,900. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 25,308 shares of company stock worth $47,905,498. 16.30% of the stock is owned by insiders.

Several analysts have weighed in on the company. Nomura reiterated a “buy” rating on shares of Amazon.com in a research report on Friday, July 27th. Canaccord Genuity boosted their price objective on Amazon.com from $2,000.00 to $2,100.00 and gave the company a “buy” rating in a research report on Friday, July 27th. Stifel Nicolaus reiterated a “buy” rating and issued a $2,525.00 price objective (up previously from $2,020.00) on shares of Amazon.com in a research report on Thursday. BidaskClub upgraded Amazon.com from a “hold” rating to a “buy” rating in a research report on Friday. Finally, Morgan Stanley reiterated a “buy” rating on shares of Amazon.com in a research report on Wednesday, July 11th. Three research analysts have rated the stock with a hold rating and fifty have assigned a buy rating to the company. Amazon.com has an average rating of “Buy” and a consensus target price of $2,005.64.

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.

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

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