180 Wealth Advisors LLC raised its holdings in shares of Amazon.com, Inc. (NASDAQ:AMZN) by 0.9% in the first quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 4,228 shares of the e-commerce giant’s stock after buying an additional 37 shares during the quarter. Amazon.com comprises about 3.2% of 180 Wealth Advisors LLC’s portfolio, making the stock its 2nd biggest holding. 180 Wealth Advisors LLC’s holdings in Amazon.com were worth $6,108,000 at the end of the most recent quarter.
Several other institutional investors and hedge funds have also recently made changes to their positions in the stock. BlackRock Inc. grew its holdings in shares of Amazon.com by 0.4% in the fourth quarter. BlackRock Inc. now owns 24,535,840 shares of the e-commerce giant’s stock valued at $28,693,927,000 after purchasing an additional 88,437 shares during the period. Summit Trail Advisors LLC grew its holdings in shares of Amazon.com by 180,406.1% in the first quarter. Summit Trail Advisors LLC now owns 9,848,415 shares of the e-commerce giant’s stock valued at $9,848,000 after purchasing an additional 9,842,959 shares during the period. UBS Asset Management Americas Inc. grew its holdings in shares of Amazon.com by 5.5% in the fourth quarter. UBS Asset Management Americas Inc. now owns 1,858,265 shares of the e-commerce giant’s stock valued at $2,173,185,000 after purchasing an additional 97,656 shares during the period. Fisher Asset Management LLC grew its holdings in shares of Amazon.com by 3.3% in the first quarter. Fisher Asset Management LLC now owns 1,853,073 shares of the e-commerce giant’s stock valued at $2,682,027,000 after purchasing an additional 59,516 shares during the period. Finally, The Manufacturers Life Insurance Company grew its holdings in shares of Amazon.com by 7.4% in the fourth quarter. The Manufacturers Life Insurance Company now owns 1,518,838 shares of the e-commerce giant’s stock valued at $1,776,236,000 after purchasing an additional 105,161 shares during the period. 57.38% of the stock is owned by hedge funds and other institutional investors.
A number of brokerages recently issued reports on AMZN. Macquarie reissued a “buy” rating on shares of Amazon.com in a report on Friday, June 22nd. BidaskClub lowered shares of Amazon.com from a “strong-buy” rating to a “buy” rating in a report on Saturday. JMP Securities reissued a “buy” rating on shares of Amazon.com in a report on Thursday, June 21st. Zacks Investment Research raised shares of Amazon.com from a “hold” rating to a “buy” rating and set a $1,993.00 target price for the company in a research note on Tuesday, July 31st. Finally, Wells Fargo & Co reaffirmed an “outperform” rating and set a $2,110.00 target price on shares of Amazon.com in a research note on Friday, July 27th. Two analysts have rated the stock with a hold rating and fifty have issued a buy rating to the stock. The stock presently has an average rating of “Buy” and a consensus price target of $1,963.87.
In related news, CEO Andrew R. Jassy sold 1,726 shares of the firm’s stock in a transaction that occurred on Wednesday, August 15th. The shares were sold at an average price of $1,900.00, for a total value of $3,279,400.00. Following the sale, the chief executive officer now owns 88,801 shares of the company’s stock, valued at $168,721,900. The sale was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Also, Director Thomas O. Ryder sold 5,000 shares of the firm’s stock in a transaction that occurred on Wednesday, August 1st. The shares were sold at an average price of $1,783.81, for a total transaction of $8,919,050.00. Following the completion of the sale, the director now directly owns 10,752 shares in the company, valued at approximately $19,179,525.12. The disclosure for this sale can be found here. In the last ninety days, insiders sold 23,308 shares of company stock worth $43,942,058. 16.30% of the stock is owned by corporate insiders.
Shares of AMZN opened at $1,952.07 on Monday. The stock has a market cap of $952.10 billion, a PE ratio of 429.03, a price-to-earnings-growth ratio of 4.07 and a beta of 1.60. Amazon.com, Inc. has a 1 year low of $931.75 and a 1 year high of $2,050.50. The company has a debt-to-equity ratio of 0.70, a quick ratio of 0.78 and a current ratio of 1.07.
Amazon.com (NASDAQ:AMZN) last issued its quarterly earnings results on Thursday, July 26th. The e-commerce giant reported $5.07 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $2.49 by $2.58. The business had revenue of $52.89 billion for the quarter, compared to analysts’ expectations of $53.37 billion. Amazon.com had a net margin of 3.02% and a return on equity of 18.47%. The business’s quarterly revenue was up 39.3% on a year-over-year basis. During the same quarter in the prior year, the company earned $0.40 earnings per share. analysts predict that Amazon.com, Inc. will post 17.78 EPS for the current year.
Amazon.com Company 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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