Liberty Wealth Management LLC raised its holdings in Amazon.com, Inc. (NASDAQ:AMZN) by 3.7% in the 2nd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 24,052 shares of the e-commerce giant’s stock after buying an additional 861 shares during the period. Liberty Wealth Management LLC’s holdings in Amazon.com were worth $5,277,000 as of its most recent SEC filing.
Other institutional investors have also modified their holdings of the company. Wealth Watch Advisors INC boosted its holdings in Amazon.com by 246.4% in the second quarter. Wealth Watch Advisors INC now owns 4,975 shares of the e-commerce giant’s stock valued at $1,091,000 after purchasing an additional 3,539 shares during the period. Cobblestone Capital Advisors LLC NY raised its position in Amazon.com by 7.3% in the 2nd quarter. Cobblestone Capital Advisors LLC NY now owns 295,750 shares of the e-commerce giant’s stock valued at $64,885,000 after purchasing an additional 20,081 shares in the last quarter. Oak Grove Capital LLC boosted its stake in shares of Amazon.com by 2,941.7% in the 2nd quarter. Oak Grove Capital LLC now owns 37,200 shares of the e-commerce giant’s stock valued at $8,161,000 after buying an additional 35,977 shares during the period. Koss Olinger Consulting LLC grew its position in shares of Amazon.com by 8.3% during the second quarter. Koss Olinger Consulting LLC now owns 28,026 shares of the e-commerce giant’s stock worth $6,149,000 after buying an additional 2,136 shares in the last quarter. Finally, Schmidt P J Investment Management Inc. increased its stake in shares of Amazon.com by 2.3% during the second quarter. Schmidt P J Investment Management Inc. now owns 77,278 shares of the e-commerce giant’s stock worth $16,954,000 after buying an additional 1,715 shares during the period. Institutional investors and hedge funds own 72.20% of the company’s stock.
Amazon.com Stock Up 1.6%
AMZN opened at $220.69 on Friday. Amazon.com, Inc. has a one year low of $161.38 and a one year high of $258.60. The company has a debt-to-equity ratio of 0.15, a quick ratio of 0.81 and a current ratio of 1.02. The stock has a market capitalization of $2.36 trillion, a P/E ratio of 33.64, a price-to-earnings-growth ratio of 1.52 and a beta of 1.29. The business’s 50-day simple moving average is $227.77 and its 200-day simple moving average is $221.72.
Insider Transactions at Amazon.com
In other news, Director Jonathan Rubinstein sold 8,173 shares of Amazon.com stock in a transaction on Friday, October 31st. The shares were sold at an average price of $250.03, for a total value of $2,043,495.19. Following the transaction, the director directly owned 80,030 shares of the company’s stock, valued at $20,009,900.90. The trade was a 9.27% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, Director Keith Brian Alexander sold 900 shares of the company’s stock in a transaction on Monday, November 17th. The shares were sold at an average price of $233.00, for a total transaction of $209,700.00. Following the completion of the sale, the director owned 7,170 shares of the company’s stock, valued at approximately $1,670,610. This trade represents a 11.15% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Over the last ninety days, insiders have sold 43,357 shares of company stock worth $10,607,215. Insiders own 9.70% of the company’s stock.
Wall Street Analysts Forecast Growth
A number of brokerages recently issued reports on AMZN. Robert W. Baird set a $285.00 price target on shares of Amazon.com and gave the stock an “outperform” rating in a research note on Friday, October 31st. CICC Research lifted their price objective on shares of Amazon.com from $240.00 to $280.00 and gave the stock an “outperform” rating in a research report on Wednesday, November 5th. Telsey Advisory Group boosted their target price on shares of Amazon.com from $265.00 to $300.00 and gave the stock an “outperform” rating in a research note on Friday, October 31st. Wolfe Research raised their price target on Amazon.com from $265.00 to $270.00 in a research note on Tuesday, September 30th. Finally, Needham & Company LLC reaffirmed a “buy” rating and set a $265.00 price target on shares of Amazon.com in a report on Friday, August 1st. Two equities research analysts have rated the stock with a Strong Buy rating, fifty-six have given a Buy rating, three have issued a Hold rating and one has assigned a Sell rating to the company’s stock. Based on data from MarketBeat, the company has a consensus rating of “Moderate Buy” and an average price target of $294.70.
Read Our Latest Research Report on AMZN
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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