Integrated Wealth Management Boosts Stake in Amazon.com Inc. (AMZN)
Integrated Wealth Management increased its stake in Amazon.com Inc. (NASDAQ:AMZN) by 46.5% during the second quarter, Holdings Channel reports. The fund owned 750 shares of the e-commerce giant’s stock after buying an additional 238 shares during the period. Integrated Wealth Management’s holdings in Amazon.com were worth $537,000 as of its most recent SEC filing.
A number of other large investors also recently bought and sold shares of AMZN. First Citizens Bank & Trust Co. increased its stake in shares of Amazon.com by 51.4% in the second quarter. First Citizens Bank & Trust Co. now owns 14,927 shares of the e-commerce giant’s stock worth $10,682,000 after buying an additional 5,068 shares during the last quarter. LPL Financial LLC increased its stake in shares of Amazon.com by 24.5% in the first quarter. LPL Financial LLC now owns 105,035 shares of the e-commerce giant’s stock worth $61,567,000 after buying an additional 20,700 shares during the last quarter. Acadian Asset Management LLC increased its stake in shares of Amazon.com by 9.0% in the second quarter. Acadian Asset Management LLC now owns 117,216 shares of the e-commerce giant’s stock worth $83,882,000 after buying an additional 9,640 shares during the last quarter. Prudential PLC increased its stake in shares of Amazon.com by 5.7% in the first quarter. Prudential PLC now owns 105,738 shares of the e-commerce giant’s stock worth $62,771,000 after buying an additional 5,657 shares during the last quarter. Finally, Suvretta Capital Management LLC acquired a new stake in shares of Amazon.com during the first quarter worth $147,407,000. 65.47% of the stock is owned by institutional investors and hedge funds.
Amazon.com Inc. (NASDAQ:AMZN) traded up 0.2041% during mid-day trading on Wednesday, reaching $819.3191. The company had a trading volume of 1,483,386 shares. The company has a market capitalization of $388.42 billion, a price-to-earnings ratio of 203.7600 and a beta of 1.20. The stock has a 50-day moving average of $802.60 and a 200 day moving average of $731.43. Amazon.com Inc. has a 12-month low of $474.00 and a 12-month high of $847.21.
Amazon.com (NASDAQ:AMZN) last issued its quarterly earnings data on Thursday, July 28th. The e-commerce giant reported $1.78 EPS for the quarter, topping the consensus estimate of $1.11 by $0.67. The firm earned $30.40 billion during the quarter, compared to the consensus estimate of $29.54 billion. Amazon.com had a return on equity of 13.52% and a net margin of 1.60%. The company’s quarterly revenue was up 31.1% compared to the same quarter last year. During the same period in the prior year, the business posted $0.19 earnings per share. On average, analysts expect that Amazon.com Inc. will post $5.85 EPS for the current year.
A number of equities research analysts have weighed in on AMZN shares. Goldman Sachs Group Inc. reissued a “buy” rating and issued a $920.00 price target on shares of Amazon.com in a report on Thursday, September 8th. Mizuho upped their price target on shares of Amazon.com from $855.00 to $950.00 and gave the company a “buy” rating in a report on Friday, September 23rd. Evercore ISI reissued a “buy” rating and issued a $1,015.00 price target (up from $930.00) on shares of Amazon.com in a report on Friday, September 16th. Vetr raised shares of Amazon.com from a “hold” rating to a “buy” rating and set a $880.16 price target for the company in a report on Thursday, October 6th. Finally, Piper Jaffray Cos. restated an “overweight” rating and set a $900.00 price objective on shares of Amazon.com in a report on Wednesday, September 7th. Five investment analysts have rated the stock with a hold rating, forty-six have given a buy rating and one has assigned a strong buy rating to the company. The stock has an average rating of “Buy” and a consensus price target of $899.20.
In related news, VP Shelley Reynolds sold 625 shares of the stock in a transaction that occurred on Monday, August 15th. The stock was sold at an average price of $770.10, for a total transaction of $481,312.50. Following the completion of the sale, the vice president now directly owns 6,519 shares of the company’s stock, valued at $5,020,281.90. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CEO Jeffrey P. Bezos sold 1,000,000 shares of the stock in a transaction that occurred on Thursday, August 4th. The shares were sold at an average price of $756.74, for a total value of $756,740,000.00. Following the sale, the chief executive officer now directly owns 81,871,067 shares of the company’s stock, valued at $61,955,111,241.58. The disclosure for this sale can be found here. 17.70% of the stock is owned by insiders.
Amazon.com, Inc offers a range of products and services through its Websites. The Company’s products include merchandise and content that it purchases for resale from vendors and those offered by third-party sellers. The Company has three segments: North America, International and Amazon Web Services (AWS).
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