Jacobi Capital Management LLC boosted its holdings in shares of Amazon.com, Inc. (NASDAQ:AMZN) by 35.5% during the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 763 shares of the e-commerce giant’s stock after buying an additional 200 shares during the quarter. Jacobi Capital Management LLC’s holdings in Amazon.com were worth $2,105,000 as of its most recent SEC filing.
A number of other institutional investors also recently bought and sold shares of AMZN. Gantzert Investment Co. LLC ADV purchased a new position in Amazon.com in the second quarter worth $28,000. Your Advocates Ltd. LLP acquired a new stake in Amazon.com in the first quarter worth about $37,000. James Investment Research Inc. purchased a new stake in shares of Amazon.com during the second quarter worth about $55,000. Spence Asset Management increased its holdings in shares of Amazon.com by 57.1% during the second quarter. Spence Asset Management now owns 22 shares of the e-commerce giant’s stock valued at $61,000 after acquiring an additional 8 shares in the last quarter. Finally, CBIZ Investment Advisory Services LLC raised its position 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 valued at $57,000 after purchasing an additional 21 shares during the last quarter. Institutional investors own 64.54% of the company’s stock.
In other news, CEO Andrew R. Jassy sold 6,945 shares of the business’s stock in a transaction dated 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 in the company, valued at approximately $210,091,432.50. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Indra K. Nooyi bought 27 shares of the company’s stock in a transaction that occurred 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 transaction, the director now owns 707 shares in the company, valued at approximately $1,984,407.60. The disclosure for this purchase can be found here. Corporate insiders own 16.10% of the company’s stock.
NASDAQ AMZN opened at $3,164.68 on Friday. The company has a market cap of $1,578.47 billion, a P/E ratio of 121.67, a P/E/G 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. The company has a debt-to-equity ratio of 0.36, a current ratio of 1.08 and a quick ratio of 0.84. The company has a 50-day moving average of $2,884.55 and a 200-day moving average of $2,314.52.
Amazon.com (NASDAQ:AMZN) last released its earnings results on Thursday, July 30th. The e-commerce giant reported $10.30 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.74 by $8.56. The firm had revenue of $88.91 billion during the quarter, compared to the consensus estimate 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 anticipate that Amazon.com, Inc. will post 20.12 EPS for the current year.
AMZN has been the topic of a number of recent analyst reports. Piper Sandler upgraded shares of Amazon.com to a “buy” rating in a research note on Monday, June 1st. Rowe lifted their price target on Amazon.com from $2,500.00 to $3,000.00 and gave the stock a “positive” rating in a research report on Friday, May 1st. Mizuho increased their price objective on Amazon.com from $3,450.00 to $3,700.00 and gave the company a “buy” rating in a report on Friday. MKM Partners upped their price objective on shares of Amazon.com from $3,550.00 to $3,650.00 in a report on Friday. Finally, Tigress Financial reaffirmed a “buy” rating on shares of Amazon.com in a research report on Wednesday, April 8th. One analyst has rated the stock with a sell rating, six have issued a hold rating, forty-five have issued a buy rating and one has given a strong buy rating to the company. The company has a consensus rating of “Buy” and an average price target of $3,240.51.
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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