Elite Wealth Management Inc. Sells 199 Shares of Amazon.com, Inc. (AMZN)
Elite Wealth Management Inc. lessened its holdings in shares of Amazon.com, Inc. (NASDAQ:AMZN) by 3.1% during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 6,300 shares of the e-commerce giant’s stock after selling 199 shares during the period. Amazon.com makes up 3.8% of Elite Wealth Management Inc.’s portfolio, making the stock its 3rd biggest position. Elite Wealth Management Inc.’s holdings in Amazon.com were worth $10,709,000 as of its most recent SEC filing.
Other large investors have also added to or reduced their stakes in the company. JJJ Advisors Inc. bought a new stake in Amazon.com in the 2nd quarter valued at approximately $175,000. Connor Clark & Lunn Investment Management Ltd. lifted its stake in Amazon.com by 31.1% in the 2nd quarter. Connor Clark & Lunn Investment Management Ltd. now owns 82,285 shares of the e-commerce giant’s stock valued at $139,868,000 after acquiring an additional 19,500 shares in the last quarter. Vista Equity Partners Management LLC lifted its stake in Amazon.com by 44.3% in the 1st quarter. Vista Equity Partners Management LLC now owns 12,827 shares of the e-commerce giant’s stock valued at $18,565,000 after acquiring an additional 3,936 shares in the last quarter. Landaas & Co. WI ADV bought a new stake in Amazon.com in the 2nd quarter valued at approximately $224,000. Finally, Steward Partners Investment Advisory LLC lifted its stake in Amazon.com by 5.5% in the 2nd quarter. Steward Partners Investment Advisory LLC now owns 25,537 shares of the e-commerce giant’s stock valued at $43,408,000 after acquiring an additional 1,342 shares in the last quarter. Institutional investors and hedge funds own 55.64% of the company’s stock.
AMZN stock opened at $1,629.13 on Friday. 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 company has a market cap of $815.80 billion, a P/E ratio of 358.05, a price-to-earnings-growth ratio of 3.17 and a beta of 1.70. Amazon.com, Inc. has a 1-year low of $1,157.00 and a 1-year high of $2,050.50.
In related news, CEO Jeffrey A. Wilke sold 2,000 shares of the business’s stock in a transaction that occurred on Wednesday, September 12th. The stock was sold at an average price of $1,981.72, for a total transaction of $3,963,440.00. Following the transaction, the chief executive officer now directly owns 10,000 shares of the company’s stock, valued at approximately $19,817,200. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CEO Jeffrey P. Bezos sold 16,964 shares of the business’s stock in a transaction that occurred on Monday, October 29th. The stock was sold at an average price of $1,632.23, for a total value of $27,689,149.72. Following the transaction, the chief executive officer now directly owns 78,884,539 shares in the company, valued at $128,757,711,091.97. The disclosure for this sale can be found here. Insiders have sold a total of 25,842 shares of company stock worth $42,513,241 over the last three months. 16.30% of the stock is owned by insiders.
Several research firms have commented on AMZN. Independent Research restated a “buy” rating on shares of Amazon.com in a research note on Wednesday, September 26th. MKM Partners boosted their target price on Amazon.com from $1,840.00 to $2,215.00 and gave the company a “buy” rating in a research note on Wednesday, August 22nd. Citigroup boosted their target price on Amazon.com from $2,100.00 to $2,250.00 and gave the company a “buy” rating in a research note on Monday, September 10th. BidaskClub upgraded Amazon.com from a “hold” rating to a “buy” rating in a research note on Friday, September 28th. Finally, Macquarie restated a “buy” rating and issued a $2,200.00 target price on shares of Amazon.com in a research note on Tuesday, October 2nd. Three investment analysts have rated the stock with a hold rating and forty-six have issued a buy rating to the company. The company has an average rating of “Buy” and an average target price of $2,096.01.
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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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