Welch Capital Partners LLC NY Has $6.22 Million Stock Holdings in Amazon.com, Inc. (NASDAQ:AMZN)

Welch Capital Partners LLC NY boosted its holdings in shares of Amazon.com, Inc. (NASDAQ:AMZN) by 45.7% during the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 1,807 shares of the e-commerce giant’s stock after buying an additional 567 shares during the period. Amazon.com makes up about 1.5% of Welch Capital Partners LLC NY’s holdings, making the stock its 12th biggest position. Welch Capital Partners LLC NY’s holdings in Amazon.com were worth $6,216,000 at the end of the most recent quarter.

Other large investors have also bought and sold shares of the company. Laurel Wealth Planning LLC grew its stake in Amazon.com by 57.1% in the second quarter. Laurel Wealth Planning LLC now owns 22 shares of the e-commerce giant’s stock valued at $76,000 after purchasing an additional 8 shares in the last quarter. Newfound Research LLC boosted its stake in shares of Amazon.com by 62.5% during the 2nd quarter. Newfound Research LLC now owns 26 shares of the e-commerce giant’s stock worth $89,000 after acquiring an additional 10 shares in the last quarter. Horan Securities Inc. boosted its stake in shares of Amazon.com by 125.0% during the 2nd quarter. Horan Securities Inc. now owns 27 shares of the e-commerce giant’s stock worth $92,000 after acquiring an additional 15 shares in the last quarter. regents capital Ltd bought a new stake in shares of Amazon.com during the 1st quarter worth about $105,000. Finally, Strategic Point Investment Advisors LLC bought a new stake in shares of Amazon.com during the 2nd quarter worth about $131,000. 57.67% of the stock is currently owned by hedge funds and other institutional investors.

In related news, CEO Adam Selipsky sold 1,356 shares of Amazon.com stock in a transaction dated Monday, August 16th. The stock was sold at an average price of $3,283.00, for a total transaction of $4,451,748.00. Following the completion of the transaction, the chief executive officer now owns 3,082 shares in the company, valued at $10,118,206. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, VP Shelley Reynolds sold 222 shares of Amazon.com stock in a transaction dated Monday, August 16th. The stock was sold at an average price of $3,283.00, for a total value of $728,826.00. Following the transaction, the vice president now owns 6,211 shares of the company’s stock, valued at approximately $20,390,713. The disclosure for this sale can be found here. Insiders sold a total of 4,220 shares of company stock worth $13,881,341 in the last three months. Company insiders own 14.00% of the company’s stock.

Several analysts recently weighed in on the company. Truist Securities decreased their target price on Amazon.com from $4,000.00 to $3,800.00 and set a “buy” rating for the company in a research note on Friday, July 30th. Susquehanna decreased their target price on Amazon.com from $5,500.00 to $5,000.00 and set a “positive” rating for the company in a research note on Friday, July 30th. Argus restated a “buy” rating and set a $4,000.00 target price on shares of Amazon.com in a research note on Friday, July 9th. Cowen decreased their target price on Amazon.com from $4,400.00 to $4,300.00 and set an “outperform” rating for the company in a research note on Thursday, October 7th. Finally, Oppenheimer cut their price target on Amazon.com from $4,400.00 to $4,200.00 and set an “outperform” rating for the company in a report on Friday, July 30th. One equities research analyst has rated the stock with a hold rating and thirty-nine have assigned a buy rating to the company. According to MarketBeat, the stock has a consensus rating of “Buy” and a consensus target price of $4,155.72.

Amazon.com stock traded up $20.48 during mid-day trading on Thursday, hitting $3,304.76. 71,173 shares of the company’s stock were exchanged, compared to its average volume of 3,420,634. The company’s 50 day simple moving average is $3,352.11 and its 200-day simple moving average is $3,371.50. Amazon.com, Inc. has a fifty-two week low of $2,881.00 and a fifty-two week high of $3,773.08. The firm has a market capitalization of $1.67 trillion, a P/E ratio of 57.63, a PEG ratio of 2.41 and a beta of 1.14. The company has a quick ratio of 0.99, a current ratio of 1.20 and a debt-to-equity ratio of 0.44.

Amazon.com (NASDAQ:AMZN) last released its quarterly earnings results on Wednesday, July 28th. The e-commerce giant reported $15.12 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $12.22 by $2.90. Amazon.com had a return on equity of 29.86% and a net margin of 6.64%. The firm had revenue of $113.08 billion for the quarter, compared to the consensus estimate of $115.08 billion. Research analysts expect that Amazon.com, Inc. will post 52.18 EPS for the current year.

Amazon.com Company Profile

Amazon.com, Inc engages in the provision of online retail shopping services. It operates through the following business segments: North America, International, and Amazon Web Services (AWS). The North America segment includes retail sales of consumer products and subscriptions through North America-focused websites such as www.amazon.com and www.amazon.ca.

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

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