Executive Wealth Management LLC Reduces Holdings in Amazon.com, Inc. (NASDAQ:AMZN)

Executive Wealth Management LLC reduced its holdings in shares of Amazon.com, Inc. (NASDAQ:AMZN) by 11.7% in the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 1,482 shares of the e-commerce giant’s stock after selling 197 shares during the quarter. Executive Wealth Management LLC’s holdings in Amazon.com were worth $4,089,000 as of its most recent filing with the Securities and Exchange Commission.

Other large investors have also bought and sold shares of the company. Jackson Wealth Management LLC boosted its stake in shares of Amazon.com by 60.3% during the 2nd quarter. Jackson Wealth Management LLC now owns 7,482 shares of the e-commerce giant’s stock worth $20,641,000 after purchasing an additional 2,815 shares during the last quarter. Taylor Wealth Management Partners acquired a new stake in shares of Amazon.com during the 2nd quarter worth about $4,726,000. Buffington Mohr McNeal boosted its stake in shares of Amazon.com by 4.6% during the 2nd quarter. Buffington Mohr McNeal now owns 1,217 shares of the e-commerce giant’s stock worth $3,357,000 after purchasing an additional 54 shares during the last quarter. Jacobi Capital Management LLC boosted its stake in shares of Amazon.com by 35.5% during the 2nd quarter. Jacobi Capital Management LLC now owns 763 shares of the e-commerce giant’s stock worth $2,105,000 after purchasing an additional 200 shares during the last quarter. Finally, Peoples Bank OH boosted its stake in shares of Amazon.com by 2.2% during the 2nd quarter. Peoples Bank OH now owns 505 shares of the e-commerce giant’s stock worth $1,393,000 after purchasing an additional 11 shares during the last quarter. Hedge funds and other institutional investors own 64.54% of the company’s stock.

Several equities research analysts have issued reports on AMZN shares. UBS Group raised their price target on shares of Amazon.com from $3,000.00 to $4,000.00 and gave the stock a “buy” rating in a research note on Friday. Mizuho raised their price target on shares of Amazon.com from $3,450.00 to $3,700.00 and gave the stock a “buy” rating in a research note on Friday. Stifel Nicolaus raised their target price on shares of Amazon.com from $3,300.00 to $3,500.00 and gave the stock a “buy” rating in a research report on Friday. Morgan Stanley raised their target price on shares of Amazon.com from $3,450.00 to $3,750.00 and gave the stock an “overweight” rating in a research report on Friday. Finally, China International Capital raised their target price on shares of Amazon.com from $1,850.00 to $2,162.00 in a research report on Wednesday, May 6th. One research analyst has rated the stock with a sell rating, six have assigned a hold rating, forty-five have given a buy rating and one has given a strong buy rating to the stock. Amazon.com has a consensus rating of “Buy” and an average price target of $3,240.51.

In related news, 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 completion of the sale, the director now owns 4,645 shares in the company, valued at $10,820,248.80. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, 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 completion of the sale, the chief executive officer now owns 93,105 shares of the company’s stock, valued at approximately $210,091,432.50. The disclosure for this sale can be found here. 16.10% of the stock is currently owned by insiders.

Shares of NASDAQ:AMZN opened at $3,164.68 on Friday. The company has a current ratio of 1.08, a quick ratio of 0.84 and a debt-to-equity ratio of 0.36. The company has a fifty day simple moving average of $2,884.55 and a 200 day simple moving average of $2,314.52. The firm has a market cap of $1,578.47 billion, a PE ratio of 121.67, a price-to-earnings-growth ratio of 5.83 and a beta of 1.32. Amazon.com, Inc. has a 12-month low of $1,626.03 and a 12-month high of $3,344.29.

Amazon.com (NASDAQ:AMZN) last issued its quarterly earnings results on Thursday, July 30th. The e-commerce giant reported $10.30 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.74 by $8.56. The business had revenue of $88.91 billion during 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%. As a group, equities research analysts forecast that Amazon.com, Inc. will post 20.12 EPS for the current fiscal year.

Amazon.com 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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Institutional Ownership by Quarter for Amazon.com (NASDAQ:AMZN)

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