Domani Wealth LLC Grows Stake in Amazon.com, Inc. (AMZN)
Domani Wealth LLC lifted its holdings in Amazon.com, Inc. (NASDAQ:AMZN) by 15.7% during the second quarter, HoldingsChannel.com reports. The fund owned 258 shares of the e-commerce giant’s stock after buying an additional 35 shares during the quarter. Domani Wealth LLC’s holdings in Amazon.com were worth $439,000 as of its most recent filing with the Securities and Exchange Commission (SEC).
Several other large investors have also added to or reduced their stakes in AMZN. Lee Financial Co grew its position in Amazon.com by 154.3% during the first quarter. Lee Financial Co now owns 89 shares of the e-commerce giant’s stock valued at $129,000 after buying an additional 54 shares during the period. Point72 Asia Hong Kong Ltd acquired a new stake in Amazon.com during the first quarter valued at $145,000. Legacy Advisors LLC grew its position in Amazon.com by 47.1% during the second quarter. Legacy Advisors LLC now owns 103 shares of the e-commerce giant’s stock valued at $175,000 after buying an additional 33 shares during the period. JJJ Advisors Inc. acquired a new stake in Amazon.com during the second quarter valued at $175,000. Finally, WP Advisors LLC acquired a new stake in Amazon.com during the second quarter valued at $177,000. Hedge funds and other institutional investors own 56.56% of the company’s stock.
NASDAQ:AMZN opened at $1,631.17 on Wednesday. The company has a current ratio of 1.08, a quick ratio of 0.80 and a debt-to-equity ratio of 0.63. The stock has a market capitalization of $800.37 billion, a PE ratio of 100.73, a price-to-earnings-growth ratio of 3.13 and a beta of 1.70. Amazon.com, Inc. has a twelve month low of $1,121.63 and a twelve month high of $2,050.50.
Several analysts recently commented on AMZN shares. BidaskClub lowered shares of Amazon.com from a “hold” rating to a “sell” rating in a research report on Wednesday, October 31st. Morgan Stanley restated a “buy” rating on shares of Amazon.com in a research report on Tuesday, July 17th. Morningstar restated a “buy” rating on shares of Amazon.com in a research report on Thursday, October 11th. Barclays restated a “buy” rating and set a $1,870.00 price target on shares of Amazon.com in a research report on Friday, July 27th. Finally, Jefferies Financial Group restated a “buy” rating on shares of Amazon.com in a research report on Monday, October 1st. Three investment analysts have rated the stock with a hold rating and forty-eight have given a buy rating to the stock. The stock currently has an average rating of “Buy” and a consensus target price of $2,085.14.
In other news, Director Judith A. Mcgrath sold 500 shares of the firm’s stock in a transaction dated Thursday, August 16th. The shares were sold at an average price of $1,905.00, for a total value of $952,500.00. The transaction was disclosed in a filing with the SEC, which is available through this link. Also, Director Patricia Q. Stonesifer sold 1,375 shares of the firm’s stock in a transaction dated Friday, November 2nd. The stock was sold at an average price of $1,678.99, for a total transaction of $2,308,611.25. Following the completion of the transaction, the director now directly owns 9,127 shares in the company, valued at $15,324,141.73. The disclosure for this sale can be found here. Over the last three months, insiders sold 28,592 shares of company stock worth $50,029,619. Insiders own 16.30% of the company’s stock.
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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 vendors, as well as those offered by third-party sellers through physical stores and retail Websites, such as amazon.com, amazon.ca, amazon.com.mx, amazon.com.au, amazon.com.br, amazon.cn, amazon.fr, amazon.de, amazon.in, amazon.it, amazon.co.jp, amazon.nl, amazon.es, and amazon.co.uk.
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