Barton Investment Management lowered its position in shares of Amazon.com, Inc. (NASDAQ:AMZN) by 1.8% in the second quarter, according to its most recent disclosure with the SEC. The institutional investor owned 42,243 shares of the e-commerce giant’s stock after selling 773 shares during the quarter. Amazon.com comprises 11.9% of Barton Investment Management’s holdings, making the stock its 3rd biggest position. Barton Investment Management’s holdings in Amazon.com were worth $116,541,000 at the end of the most recent quarter.
Other institutional investors and hedge funds have also recently bought and sold shares of the company. Woodstock Corp boosted its holdings in Amazon.com by 2.2% in the second quarter. Woodstock Corp now owns 182 shares of the e-commerce giant’s stock worth $502,000 after acquiring an additional 4 shares in the last quarter. RVW Wealth LLC raised its position in shares of Amazon.com by 0.9% during the second quarter. RVW Wealth LLC now owns 465 shares of the e-commerce giant’s stock worth $1,283,000 after purchasing an additional 4 shares during the period. Indiana Trust & Investment Management CO raised its position in shares of Amazon.com by 1.0% during the second quarter. Indiana Trust & Investment Management CO now owns 390 shares of the e-commerce giant’s stock worth $1,076,000 after purchasing an additional 4 shares during the period. Peterson Wealth Advisors LLC lifted its holdings in shares of Amazon.com by 1.7% in the 2nd quarter. Peterson Wealth Advisors LLC now owns 243 shares of the e-commerce giant’s stock worth $670,000 after purchasing an additional 4 shares in the last quarter. Finally, Wambolt & Associates LLC grew its position in Amazon.com by 1.9% in the 2nd quarter. Wambolt & Associates LLC now owns 214 shares of the e-commerce giant’s stock valued at $590,000 after purchasing an additional 4 shares during the period. 57.32% of the stock is owned by institutional investors.
Shares of AMZN traded down $8.88 during midday trading on Wednesday, hitting $3,147.25. 35,168 shares of the company traded hands, compared to its average volume of 4,676,850. Amazon.com, Inc. has a one year low of $1,626.03 and a one year high of $3,552.25. The firm has a market cap of $1,580.87 billion, a P/E ratio of 121.34, a PEG ratio of 3.23 and a beta of 1.32. The company has a debt-to-equity ratio of 0.45, a current ratio of 1.18 and a quick ratio of 0.97. The stock has a 50-day moving average of $3,230.98 and a 200-day moving average of $2,603.18.
Amazon.com (NASDAQ:AMZN) last issued its quarterly earnings data on Thursday, July 30th. The e-commerce giant reported $10.30 EPS for the quarter, beating the consensus estimate of $1.74 by $8.56. Amazon.com had a net margin of 4.10% and a return on equity of 20.47%. The company had revenue of $88.91 billion during the quarter, compared to analysts’ expectations of $81.56 billion. Sell-side analysts forecast that Amazon.com, Inc. will post 31.92 EPS for the current fiscal year.
A number of research analysts have weighed in on AMZN shares. JMP Securities raised their price objective on shares of Amazon.com from $2,850.00 to $4,075.00 and gave the company an “outperform” rating in a research note on Friday, July 31st. Morgan Stanley raised their price target on shares of Amazon.com from $3,450.00 to $3,750.00 and gave the company an “overweight” rating in a research report on Friday, July 31st. Robert W. Baird boosted their price objective on Amazon.com from $3,000.00 to $3,500.00 in a report on Friday, July 31st. Monness Crespi & Hardt raised their target price on Amazon.com from $3,500.00 to $3,750.00 and gave the company a “buy” rating in a report on Friday, July 31st. Finally, Canaccord Genuity upped their price target on Amazon.com from $3,300.00 to $3,800.00 and gave the stock a “buy” rating in a report on Friday, July 31st. Six research analysts have rated the stock with a hold rating and forty-seven have assigned a buy rating to the stock. Amazon.com has an average rating of “Buy” and an average price target of $3,291.50.
In other Amazon.com news, VP Shelley Reynolds sold 292 shares of the company’s stock in a transaction dated Monday, August 17th. The stock was sold at an average price of $3,173.12, for a total value of $926,551.04. Following the transaction, the vice president now directly owns 6,281 shares in the company, valued at approximately $19,930,366.72. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, CEO Jeffrey A. Wilke sold 750 shares of the firm’s stock in a transaction dated Monday, August 24th. The shares were sold at an average price of $3,304.28, for a total value of $2,478,210.00. Following the completion of the sale, the chief executive officer now directly owns 10,000 shares in the company, valued at approximately $33,042,800. The disclosure for this sale can be found here. Insiders have sold a total of 102,815 shares of company stock valued at $324,095,003 over the last 90 days. Company insiders own 16.10% of the company’s stock.
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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