Creative Capital Management Investments LLC decreased its holdings in shares of Amazon.com, Inc. (NASDAQ:AMZN) by 1.7% in the 2nd quarter, according to its most recent Form 13F filing with the SEC. The firm owned 8,917 shares of the e-commerce giant’s stock after selling 154 shares during the period. Amazon.com makes up approximately 0.7% of Creative Capital Management Investments LLC’s holdings, making the stock its 12th largest position. Creative Capital Management Investments LLC’s holdings in Amazon.com were worth $1,956,000 as of its most recent filing with the SEC.
Several other hedge funds have also made changes to their positions in the business. Montz Harcus Wealth Management LLC boosted its stake in shares of Amazon.com by 0.4% during the second quarter. Montz Harcus Wealth Management LLC now owns 24,406 shares of the e-commerce giant’s stock worth $5,354,000 after buying an additional 88 shares during the period. New Century Financial Group LLC boosted its stake in shares of Amazon.com by 124.1% during the second quarter. New Century Financial Group LLC now owns 6,054 shares of the e-commerce giant’s stock worth $1,328,000 after buying an additional 3,352 shares during the period. Phraction Management LLC boosted its stake in shares of Amazon.com by 1.2% during the second quarter. Phraction Management LLC now owns 118,988 shares of the e-commerce giant’s stock worth $26,105,000 after buying an additional 1,400 shares during the period. Whelan Financial boosted its stake in shares of Amazon.com by 7.1% during the second quarter. Whelan Financial now owns 10,252 shares of the e-commerce giant’s stock worth $2,249,000 after buying an additional 683 shares during the period. Finally, Vanderbilt University boosted its stake in shares of Amazon.com by 23.7% during the second quarter. Vanderbilt University now owns 32,205 shares of the e-commerce giant’s stock worth $7,065,000 after buying an additional 6,176 shares during the period. Institutional investors and hedge funds own 72.20% of the company’s stock.
Amazon.com Trading Down 0.7%
Shares of Amazon.com stock opened at $213.04 on Monday. Amazon.com, Inc. has a 12-month low of $161.38 and a 12-month high of $242.52. The company has a current ratio of 1.02, a quick ratio of 0.81 and a debt-to-equity ratio of 0.15. The stock has a market cap of $2.27 trillion, a PE ratio of 32.48, a price-to-earnings-growth ratio of 1.41 and a beta of 1.28. The company has a 50-day moving average of $225.66 and a two-hundred day moving average of $212.88.
Insider Buying and Selling
In other Amazon.com news, insider Jeffrey P. Bezos sold 2,643,142 shares of the stock in a transaction dated Thursday, July 24th. The shares were sold at an average price of $230.43, for a total value of $609,059,211.06. Following the completion of the transaction, the insider directly owned 883,779,901 shares of the company’s stock, valued at approximately $203,649,402,587.43. This trade represents a 0.30% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, CEO Andrew R. Jassy sold 19,872 shares of the stock in a transaction dated Thursday, August 21st. The shares were sold at an average price of $221.58, for a total transaction of $4,403,237.76. Following the completion of the transaction, the chief executive officer directly owned 2,178,502 shares of the company’s stock, valued at approximately $482,712,473.16. This trade represents a 0.90% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 6,591,479 shares of company stock valued at $1,512,698,663 in the last 90 days. 10.80% of the stock is owned by corporate insiders.
Analyst Ratings Changes
Several brokerages have recently weighed in on AMZN. DA Davidson increased their target price on shares of Amazon.com from $230.00 to $265.00 and gave the stock a “buy” rating in a research note on Friday, August 1st. UBS Group reissued a “buy” rating and set a $271.00 price target (up from $249.00) on shares of Amazon.com in a report on Monday, July 28th. Deutsche Bank Aktiengesellschaft increased their price target on shares of Amazon.com from $230.00 to $266.00 in a report on Tuesday, July 22nd. Oppenheimer cut their price target on shares of Amazon.com from $250.00 to $245.00 and set an “outperform” rating for the company in a report on Friday, August 1st. Finally, Bank of America increased their price target on shares of Amazon.com from $265.00 to $272.00 and gave the stock a “buy” rating in a report on Friday, August 1st. Three equities research analysts have rated the stock with a Strong Buy rating, forty-seven have given a Buy rating and one has given a Hold rating to the company’s stock. According to data from MarketBeat.com, the company currently has an average rating of “Buy” and an average price target of $266.26.
Get Our Latest Stock Analysis on Amazon.com
About Amazon.com
Amazon.com, Inc engages in the retail sale of consumer products, advertising, and subscriptions service through online and physical stores in North America and internationally. The company operates through three segments: North America, International, and Amazon Web Services (AWS). It also manufactures and sells electronic devices, including Kindle, Fire tablets, Fire TVs, Echo, Ring, Blink, and eero; and develops and produces media content.
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