SeaCrest Wealth Management LLC reduced its stake in Amazon.com, Inc. (NASDAQ:AMZN) by 6.5% during the 2nd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 4,722 shares of the e-commerce giant’s stock after selling 326 shares during the period. Amazon.com accounts for approximately 2.3% of SeaCrest Wealth Management LLC’s holdings, making the stock its 3rd largest holding. SeaCrest Wealth Management LLC’s holdings in Amazon.com were worth $13,028,000 as of its most recent SEC filing.
Several other institutional investors also recently made changes to their positions in AMZN. Legacy Advisors LLC increased its position in shares of Amazon.com by 23.3% in the 2nd quarter. Legacy Advisors LLC now owns 1,038 shares of the e-commerce giant’s stock valued at $2,864,000 after buying an additional 196 shares in the last quarter. Boston Trust Walden Corp raised its position in shares of Amazon.com by 87.0% during the first quarter. Boston Trust Walden Corp now owns 1,997 shares of the e-commerce giant’s stock worth $3,894,000 after purchasing an additional 929 shares during the period. Northwestern Mutual Wealth Management Co. lifted its holdings in shares of Amazon.com by 7.1% during the 1st quarter. Northwestern Mutual Wealth Management Co. now owns 68,348 shares of the e-commerce giant’s stock valued at $133,260,000 after purchasing an additional 4,521 shares in the last quarter. IHT Wealth Management LLC grew its position in shares of Amazon.com by 6.6% in the 1st quarter. IHT Wealth Management LLC now owns 6,500 shares of the e-commerce giant’s stock valued at $12,673,000 after purchasing an additional 405 shares during the period. Finally, RDA Financial Network increased its stake in Amazon.com by 4.7% during the 1st quarter. RDA Financial Network now owns 877 shares of the e-commerce giant’s stock worth $1,710,000 after purchasing an additional 39 shares in the last quarter. 64.54% of the stock is owned by institutional investors and hedge funds.
Shares of AMZN stock opened at $3,164.68 on Friday. The business has a 50-day moving average price of $2,884.55 and a two-hundred day moving average price of $2,314.52. 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 quick ratio of 0.84, a current ratio of 1.08 and a debt-to-equity ratio of 0.36. The firm has a market cap of $1,578.47 billion, a P/E ratio of 121.67, a price-to-earnings-growth ratio of 5.83 and a beta of 1.32.
Amazon.com (NASDAQ:AMZN) last released its earnings results on Thursday, July 30th. The e-commerce giant reported $10.30 earnings per share for the quarter, topping the Zacks’ consensus estimate of $1.74 by $8.56. The company had revenue of $88.91 billion during the quarter, compared to the consensus estimate of $81.56 billion. Amazon.com had a return on equity of 21.51% and a net margin of 4.10%. As a group, research analysts expect that Amazon.com, Inc. will post 20.12 EPS for the current fiscal year.
A number of equities analysts have issued reports on the company. William Blair reiterated a “buy” rating on shares of Amazon.com in a report on Monday, June 22nd. BofA Securities upped their price target on Amazon.com from $3,280.00 to $3,560.00 and gave the stock a “buy” rating in a research report on Friday. Oppenheimer boosted their price objective on shares of Amazon.com from $2,700.00 to $3,500.00 and gave the stock an “outperform” rating in a research report on Friday. JPMorgan Chase & Co. lifted their price target on shares of Amazon.com from $3,000.00 to $4,050.00 and gave the company an “overweight” rating in a research note on Friday. Finally, Wells Fargo & Co raised their price objective on Amazon.com from $3,000.00 to $3,600.00 and gave the company an “overweight” rating in a report on Monday, July 27th. One research analyst has rated the stock with a sell rating, six have given a hold rating, forty-five have assigned a buy rating and one has issued a strong buy rating to the stock. The stock presently has an average rating of “Buy” and an average price target of $3,240.51.
In other Amazon.com news, Director Patricia Q. Stonesifer sold 2,200 shares of the company’s stock in a transaction that occurred on Wednesday, May 6th. The stock was 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 of the company’s stock, 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 the company’s stock in a transaction that occurred on Monday, May 4th. The stock was sold at an average price of $2,256.50, for a total value of $15,671,392.50. Following the completion of the sale, the chief executive officer now directly 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 owned by corporate insiders.
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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