TCI Wealth Advisors Inc. increased its stake in Amazon.com, Inc. (NASDAQ:AMZN) by 6.8% in the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 4,207 shares of the e-commerce giant’s stock after purchasing an additional 269 shares during the period. Amazon.com accounts for 3.2% of TCI Wealth Advisors Inc.’s portfolio, making the stock its 4th largest holding. TCI Wealth Advisors Inc.’s holdings in Amazon.com were worth $7,151,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds also recently bought and sold shares of the stock. Summit Trail Advisors LLC raised its position in shares of Amazon.com by 180,406.1% during the 1st quarter. Summit Trail Advisors LLC now owns 9,848,415 shares of the e-commerce giant’s stock valued at $9,848,000 after acquiring an additional 9,842,959 shares during the last quarter. Cornerstone Wealth Management LLC raised its position in shares of Amazon.com by 198,956.6% during the 2nd quarter. Cornerstone Wealth Management LLC now owns 3,340,169 shares of the e-commerce giant’s stock valued at $1,949,000 after acquiring an additional 3,338,491 shares during the last quarter. Mackay Shields LLC bought a new stake in shares of Amazon.com during the 1st quarter valued at $248,912,000. Natixis raised its position in shares of Amazon.com by 296.9% during the 1st quarter. Natixis now owns 198,729 shares of the e-commerce giant’s stock valued at $287,629,000 after acquiring an additional 148,654 shares during the last quarter. Finally, Dimensional Fund Advisors LP raised its position in shares of Amazon.com by 10.5% during the 1st quarter. Dimensional Fund Advisors LP now owns 1,172,604 shares of the e-commerce giant’s stock valued at $1,697,157,000 after acquiring an additional 111,563 shares during the last quarter. Hedge funds and other institutional investors own 57.31% of the company’s stock.

In other news, SVP David Zapolsky sold 1,927 shares of the stock in a transaction dated Wednesday, August 15th. The shares were sold at an average price of $1,899.96, for a total transaction of $3,661,222.92. Following the completion of the transaction, the senior vice president now directly owns 3,161 shares in the company, valued at approximately $6,005,773.56. The transaction was disclosed in a document filed with the SEC, which is available at this link. Also, Director Thomas O. Ryder sold 5,000 shares of the stock in a transaction dated Wednesday, August 1st. The stock was sold at an average price of $1,783.81, for a total transaction of $8,919,050.00. Following the transaction, the director now owns 10,752 shares of the company’s stock, valued at $19,179,525.12. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 25,308 shares of company stock valued at $47,905,498. Company insiders own 16.30% of the company’s stock.

Shares of NASDAQ AMZN opened at $1,764.03 on Friday. The firm has a market capitalization of $863.65 billion, a P/E ratio of 160.68, a P/E/G ratio of 3.69 and a beta of 1.58. The company has a debt-to-equity ratio of 0.70, a current ratio of 1.07 and a quick ratio of 0.78. Amazon.com, Inc. has a 1-year low of $962.50 and a 1-year high of $2,050.50.

Amazon.com (NASDAQ:AMZN) last announced its earnings results on Thursday, July 26th. The e-commerce giant reported $5.07 earnings per share for the quarter, topping the Zacks’ consensus estimate of $2.49 by $2.58. The firm had revenue of $52.89 billion during the quarter, compared to analyst estimates of $53.37 billion. Amazon.com had a net margin of 3.02% and a return on equity of 18.47%. The company’s revenue for the quarter was up 39.3% compared to the same quarter last year. During the same period in the prior year, the business earned $0.40 EPS. Sell-side analysts expect that Amazon.com, Inc. will post 17.79 earnings per share for the current year.

Several analysts have commented on AMZN shares. Macquarie reiterated a “buy” rating on shares of Amazon.com in a research report on Friday, June 22nd. BidaskClub cut shares of Amazon.com from a “strong-buy” rating to a “buy” rating in a research report on Tuesday, June 26th. Zacks Investment Research cut shares of Amazon.com from a “buy” rating to a “hold” rating in a research report on Wednesday, June 27th. Loop Capital upped their target price on shares of Amazon.com from $1,800.00 to $1,900.00 and gave the company a “buy” rating in a research report on Wednesday, June 27th. Finally, Argus upped their target price on shares of Amazon.com to $1,900.00 and gave the company a “buy” rating in a research report on Tuesday, July 3rd. Four investment analysts have rated the stock with a hold rating and forty-nine have given a buy rating to the company. The company presently has a consensus rating of “Buy” and an average target price of $2,008.73.

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

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