Taylor Wealth Management Partners bought a new stake in shares of Amazon.com, Inc. (NASDAQ:AMZN) in the second quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor bought 1,713 shares of the e-commerce giant’s stock, valued at approximately $4,726,000. Amazon.com comprises approximately 2.4% of Taylor Wealth Management Partners’ portfolio, making the stock its 14th biggest holding.
Other institutional investors and hedge funds have also made changes to their positions in the company. Gantzert Investment Co. LLC ADV purchased a new position in shares of Amazon.com in the 2nd quarter worth approximately $28,000. Sofos Investments Inc. increased its position in Amazon.com by 120.0% during the first quarter. Sofos Investments Inc. now owns 121 shares of the e-commerce giant’s stock valued at $31,000 after acquiring an additional 66 shares during the last quarter. Your Advocates Ltd. LLP bought a new position in Amazon.com during the first quarter valued at $37,000. James Investment Research Inc. purchased a new stake in shares of Amazon.com in the second quarter valued at $55,000. Finally, CBIZ Investment Advisory Services LLC lifted its holdings in shares of Amazon.com by 262.5% in the 1st quarter. CBIZ Investment Advisory Services LLC now owns 29 shares of the e-commerce giant’s stock worth $57,000 after acquiring an additional 21 shares during the last quarter. Institutional investors own 64.54% of the company’s stock.
Shares of Amazon.com stock opened at $3,164.68 on Friday. Amazon.com, Inc. has a one year low of $1,626.03 and a one year high of $3,344.29. The company has a market cap of $1,578.47 billion, a price-to-earnings ratio of 121.67, a PEG ratio of 5.83 and a beta of 1.32. The company has a debt-to-equity ratio of 0.36, a quick ratio of 0.84 and a current ratio of 1.08. The business’s 50 day moving average price is $2,884.55 and its 200 day moving average price is $2,314.52.
Amazon.com (NASDAQ:AMZN) last announced its quarterly earnings data on Thursday, July 30th. The e-commerce giant reported $10.30 EPS for the quarter, topping the Zacks’ consensus estimate of $1.74 by $8.56. Amazon.com had a return on equity of 21.51% and a net margin of 4.10%. The firm had revenue of $88.91 billion for the quarter, compared to the consensus estimate of $81.56 billion. On average, analysts predict that Amazon.com, Inc. will post 20.12 EPS for the current fiscal year.
A number of analysts recently weighed in on the stock. SVB Leerink assumed coverage on shares of Amazon.com in a research report on Friday, July 24th. They issued a “hold” rating on the stock. Jefferies Financial Group increased their price objective on shares of Amazon.com from $3,100.00 to $3,800.00 and gave the stock a “buy” rating in a research report on Monday, July 20th. Canaccord Genuity increased their price objective on shares of Amazon.com from $3,300.00 to $3,800.00 and gave the stock a “buy” rating in a research report on Friday. William Blair reissued a “buy” rating on shares of Amazon.com in a research report on Monday, June 22nd. Finally, Tigress Financial reissued a “buy” rating on shares of Amazon.com in a research report on Wednesday, April 8th. One investment analyst has rated the stock with a sell rating, six have issued a hold rating, forty-five have given a buy rating and one has issued a strong buy rating to the stock. The company currently has a consensus rating of “Buy” and an average price target of $3,240.51.
In other Amazon.com news, CEO Andrew R. Jassy sold 6,945 shares of the firm’s stock in a transaction on Monday, May 4th. The stock was sold at an average price of $2,256.50, for a total transaction of $15,671,392.50. Following the completion of the sale, the chief executive officer now owns 93,105 shares of the company’s stock, valued at $210,091,432.50. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, Director Indra K. Nooyi bought 27 shares of the business’s stock in a transaction on Wednesday, July 1st. The shares were acquired at an average cost of $2,806.80 per share, with a total value of $75,783.60. Following the purchase, the director now owns 707 shares of the company’s stock, valued at $1,984,407.60. The disclosure for this purchase can be found here. 16.10% of the stock is owned by company insiders.
Amazon.com Company Profile
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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