TSA Wealth Managment LLC increased its stake in Amazon.com, Inc. (NASDAQ:AMZN – Free Report) by 13.7% in the 2nd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 2,506 shares of the e-commerce giant’s stock after acquiring an additional 301 shares during the quarter. TSA Wealth Managment LLC’s holdings in Amazon.com were worth $550,000 at the end of the most recent reporting period.
Other institutional investors also recently modified their holdings of the company. Wilson Asset Management International PTY Ltd. bought a new position in Amazon.com in the 2nd quarter worth approximately $11,102,000. ARK Investment Management LLC raised its holdings in Amazon.com by 8.3% during the 2nd quarter. ARK Investment Management LLC now owns 1,140,494 shares of the e-commerce giant’s stock valued at $250,213,000 after acquiring an additional 86,978 shares during the period. Flaharty Asset Management LLC lifted its position in shares of Amazon.com by 87.7% during the first quarter. Flaharty Asset Management LLC now owns 5,088 shares of the e-commerce giant’s stock worth $968,000 after acquiring an additional 2,377 shares in the last quarter. Barnes Dennig Private Wealth Management LLC purchased a new stake in shares of Amazon.com during the first quarter worth $514,000. Finally, Border to Coast Pensions Partnership Ltd boosted its holdings in shares of Amazon.com by 6.0% in the second quarter. Border to Coast Pensions Partnership Ltd now owns 1,136,311 shares of the e-commerce giant’s stock worth $249,295,000 after acquiring an additional 63,924 shares during the period. Institutional investors and hedge funds own 72.20% of the company’s stock.
Amazon.com Price Performance
Shares of NASDAQ:AMZN opened at $222.55 on Wednesday. The firm’s 50 day moving average price is $228.33 and its 200-day moving average price is $221.51. The stock has a market capitalization of $2.38 trillion, a PE ratio of 33.93, a price-to-earnings-growth ratio of 1.52 and a beta of 1.29. Amazon.com, Inc. has a twelve month low of $161.38 and a twelve month high of $258.60. The company has a quick ratio of 0.81, a current ratio of 1.02 and a debt-to-equity ratio of 0.15.
Insider Activity
In other news, Director Keith Brian Alexander sold 900 shares of Amazon.com stock in a transaction that occurred on Monday, November 17th. The shares were sold at an average price of $233.00, for a total value of $209,700.00. Following the transaction, the director owned 7,170 shares of the company’s stock, valued at $1,670,610. The trade was a 11.15% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, CEO Douglas J. Herrington sold 4,784 shares of the company’s stock in a transaction on Monday, November 17th. The stock was sold at an average price of $232.71, for a total value of $1,113,284.64. Following the transaction, the chief executive officer directly owned 498,182 shares in the company, valued at approximately $115,931,933.22. The trade was a 0.95% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold 128,984 shares of company stock worth $29,617,023 in the last three months. Corporate insiders own 10.80% of the company’s stock.
Wall Street Analysts Forecast Growth
AMZN has been the subject of a number of recent analyst reports. DA Davidson lifted their target price on Amazon.com from $265.00 to $300.00 and gave the company a “buy” rating in a report on Friday, October 31st. Pivotal Research lifted their price objective on Amazon.com from $285.00 to $300.00 and gave the company a “buy” rating in a research note on Friday, October 31st. Westpark Capital reissued a “buy” rating and issued a $280.00 price target on shares of Amazon.com in a research note on Friday, August 1st. Canaccord Genuity Group set a $300.00 target price on Amazon.com and gave the stock a “buy” rating in a research report on Friday, October 31st. Finally, The Goldman Sachs Group upped their price objective on shares of Amazon.com from $240.00 to $275.00 and gave the company a “buy” rating in a research note on Friday, October 3rd. Two research analysts have rated the stock with a Strong Buy rating, fifty-seven have given a Buy rating, two have issued a Hold rating and one has assigned a Sell rating to the stock. According to data from MarketBeat.com, Amazon.com currently has an average rating of “Moderate Buy” and a consensus price target of $294.70.
View Our Latest Research Report on AMZN
Amazon.com Company Profile
Amazon.com, Inc engages in the retail sale of consumer products, advertising, and subscriptions service through online and physical stores in North America and internationally. The company operates through three segments: North America, International, and Amazon Web Services (AWS). It also manufactures and sells electronic devices, including Kindle, Fire tablets, Fire TVs, Echo, Ring, Blink, and eero; and develops and produces media content.
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