Actinver Wealth Management Inc. cut its position in shares of Amazon.com, Inc. (NASDAQ:AMZN) by 16.8% in the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 415 shares of the e-commerce giant’s stock after selling 84 shares during the quarter. Amazon.com makes up 1.4% of Actinver Wealth Management Inc.’s investment portfolio, making the stock its 22nd largest position. Actinver Wealth Management Inc.’s holdings in Amazon.com were worth $1,145,000 at the end of the most recent quarter.
Several other hedge funds and other institutional investors have also recently modified their holdings of AMZN. Gantzert Investment Co. LLC ADV purchased a new stake in Amazon.com in the second quarter valued at approximately $28,000. Your Advocates Ltd. LLP purchased a new stake in Amazon.com during the first quarter worth approximately $37,000. James Investment Research Inc. purchased a new stake in Amazon.com during the second quarter worth approximately $55,000. Spence Asset Management grew its stake in Amazon.com by 57.1% during the second quarter. Spence Asset Management now owns 22 shares of the e-commerce giant’s stock worth $61,000 after buying an additional 8 shares during the period. Finally, CBIZ Investment Advisory Services LLC increased its stake in Amazon.com by 262.5% during the 1st quarter. CBIZ Investment Advisory Services LLC now owns 29 shares of the e-commerce giant’s stock worth $57,000 after buying an additional 21 shares during the period. Institutional investors and hedge funds own 64.54% of the company’s stock.
In other news, CEO Andrew R. Jassy sold 6,945 shares of Amazon.com 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 transaction, the chief executive officer now owns 93,105 shares in the company, valued at $210,091,432.50. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, Director Patricia Q. Stonesifer sold 2,200 shares of Amazon.com stock in a transaction on Wednesday, May 6th. The shares were sold at an average price of $2,329.44, for a total value of $5,124,768.00. Following the transaction, the director now owns 4,645 shares in the company, valued at approximately $10,820,248.80. The disclosure for this sale can be found here. 16.10% of the stock is owned by insiders.
Several brokerages have recently weighed in on AMZN. UBS Group raised their target price on Amazon.com from $3,000.00 to $4,000.00 and gave the company a “buy” rating in a research note on Friday. Needham & Company LLC restated a “buy” rating and set a $3,700.00 target price (up from $3,200.00) on shares of Amazon.com in a research note on Friday. Morgan Stanley raised their target price on Amazon.com from $3,450.00 to $3,750.00 and gave the company an “overweight” rating in a research note on Friday. Bank of America raised their target price on Amazon.com from $3,000.00 to $3,280.00 and gave the company a “buy” rating in a research note on Monday, July 27th. Finally, Wolfe Research downgraded Amazon.com to a “sell” rating and set a $1,987.00 target price for the company. in a research note on Monday, April 27th. One equities research 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 company. The company currently has a consensus rating of “Buy” and a consensus price target of $3,240.51.
Shares of NASDAQ:AMZN opened at $3,164.68 on Friday. Amazon.com, Inc. has a 12 month low of $1,626.03 and a 12 month high of $3,344.29. The stock 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 stock’s 50 day moving average price is $2,884.55 and its 200 day moving average price is $2,314.52. The company has a debt-to-equity ratio of 0.36, a current ratio of 1.08 and a quick ratio of 0.84.
Amazon.com (NASDAQ:AMZN) last posted its quarterly earnings results on Thursday, July 30th. The e-commerce giant reported $10.30 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $1.74 by $8.56. The firm had revenue of $88.91 billion for the quarter, compared to analyst estimates of $81.56 billion. Amazon.com had a net margin of 4.10% and a return on equity of 21.51%. On average, sell-side analysts expect that Amazon.com, Inc. will post 20.12 EPS for the current year.
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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