Truvvo Partners LLC acquired a new position in shares of Amazon.com, Inc. (NASDAQ:AMZN) during the 2nd quarter, HoldingsChannel.com reports. The institutional investor acquired 640 shares of the e-commerce giant’s stock, valued at approximately $1,212,000. Amazon.com accounts for about 0.7% of Truvvo Partners LLC’s holdings, making the stock its 12th biggest position.
Several other hedge funds have also recently modified their holdings of AMZN. Hayden Royal LLC purchased a new position in Amazon.com during the 4th quarter valued at approximately $6,389,000. Fiduciary Trust Co. grew its holdings in Amazon.com by 2.9% during the 4th quarter. Fiduciary Trust Co. now owns 31,178 shares of the e-commerce giant’s stock valued at $46,828,000 after buying an additional 878 shares in the last quarter. Neumann Capital Management LLC grew its holdings in Amazon.com by 24.0% during the 4th quarter. Neumann Capital Management LLC now owns 284 shares of the e-commerce giant’s stock valued at $427,000 after buying an additional 55 shares in the last quarter. Retirement Income Solutions Inc grew its holdings in Amazon.com by 2.5% during the 4th quarter. Retirement Income Solutions Inc now owns 1,349 shares of the e-commerce giant’s stock valued at $2,026,000 after buying an additional 33 shares in the last quarter. Finally, LeJeune Puetz Investment Counsel LLC grew its holdings in Amazon.com by 81.5% during the 4th quarter. LeJeune Puetz Investment Counsel LLC now owns 245 shares of the e-commerce giant’s stock valued at $368,000 after buying an additional 110 shares in the last quarter. 55.92% of the stock is currently owned by institutional investors.
Several research firms have weighed in on AMZN. BidaskClub cut Amazon.com from a “hold” rating to a “sell” rating in a report on Wednesday, August 14th. JPMorgan Chase & Co. restated a “buy” rating on shares of Amazon.com in a report on Monday, July 29th. Loop Capital set a $2,380.00 price target on Amazon.com and gave the company a “buy” rating in a report on Monday, July 15th. Robert W. Baird set a $2,150.00 price objective on Amazon.com and gave the company an “outperform” rating in a research note on Friday, July 26th. Finally, Oppenheimer set a $2,100.00 price objective on Amazon.com and gave the company a “buy” rating in a research note on Friday, July 26th. One equities research analyst has rated the stock with a sell rating, two have assigned a hold rating and forty-two have assigned a buy rating to the stock. The stock has an average rating of “Buy” and a consensus target price of $2,259.84.
In other Amazon.com news, CEO Jeffrey A. Wilke sold 2,500 shares of the firm’s stock in a transaction on Monday, August 26th. The stock was sold at an average price of $1,759.03, for a total transaction of $4,397,575.00. Following the transaction, the chief executive officer now directly owns 10,000 shares in the company, valued at approximately $17,590,300. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, VP Shelley Reynolds sold 379 shares of the firm’s stock in a transaction on Thursday, August 15th. The stock was sold at an average price of $1,775.43, for a total value of $672,887.97. Following the transaction, the vice president now owns 6,307 shares in the company, valued at $11,197,637.01. The disclosure for this sale can be found here. Insiders have sold a total of 27,714 shares of company stock worth $51,174,807 over the last 90 days. 16.10% of the stock is currently owned by company insiders.
AMZN traded down $4.89 during trading on Friday, hitting $1,838.66. 167,972 shares of the stock were exchanged, compared to its average volume of 2,920,449. The firm has a 50 day simple moving average of $1,820.31 and a 200 day simple moving average of $1,836.05. The firm has a market cap of $900.55 billion, a price-to-earnings ratio of 91.30, a P/E/G ratio of 2.35 and a beta of 1.57. Amazon.com, Inc. has a 1 year low of $1,307.00 and a 1 year high of $2,035.80. The company has a debt-to-equity ratio of 0.44, a quick ratio of 0.84 and a current ratio of 1.10.
Amazon.com (NASDAQ:AMZN) last released its quarterly earnings data on Thursday, July 25th. The e-commerce giant reported $5.22 EPS for the quarter, missing the consensus estimate of $5.29 by ($0.07). The firm had revenue of $63.40 billion for the quarter, compared to analysts’ expectations of $62.59 billion. Amazon.com had a return on equity of 26.27% and a net margin of 4.80%. The company’s revenue for the quarter was up 19.9% compared to the same quarter last year. During the same quarter in the previous year, the business earned $5.07 earnings per share. As a group, equities analysts anticipate that Amazon.com, Inc. will post 24.01 earnings per share for the current fiscal year.
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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