Chatham Capital Group Inc. bought a new position in Amazon.com, Inc. (NASDAQ:AMZN) in the 2nd quarter, according to the company in its most recent 13F filing with the SEC. The firm bought 254 shares of the e-commerce giant’s stock, valued at approximately $432,000.
Several other institutional investors have also recently added to or reduced their stakes in AMZN. Guidant Wealth Advisors lifted its holdings in Amazon.com by 657.4% during the 2nd quarter. Guidant Wealth Advisors now owns 409 shares of the e-commerce giant’s stock valued at $100,000 after buying an additional 355 shares in the last quarter. Lee Financial Co lifted its holdings in Amazon.com by 154.3% during the 1st quarter. Lee Financial Co now owns 89 shares of the e-commerce giant’s stock valued at $129,000 after buying an additional 54 shares in the last quarter. Point72 Asia Hong Kong Ltd bought a new stake in Amazon.com during the 1st quarter valued at about $145,000. Braun Bostich & Associates Inc. bought a new stake in Amazon.com during the 1st quarter valued at about $174,000. Finally, Legacy Advisors LLC lifted its holdings in Amazon.com by 47.1% during the 2nd quarter. Legacy Advisors LLC now owns 103 shares of the e-commerce giant’s stock valued at $175,000 after buying an additional 33 shares in the last quarter. Hedge funds and other institutional investors own 57.15% of the company’s stock.
Shares of Amazon.com stock opened at $1,642.81 on Friday. The company has a current ratio of 1.07, a quick ratio of 0.78 and a debt-to-equity ratio of 0.70. Amazon.com, Inc. has a 52-week low of $1,050.55 and a 52-week high of $2,050.50. The company has a market capitalization of $872.72 billion, a PE ratio of 361.06, a PEG ratio of 3.73 and a beta of 1.58.
In other news, CEO Andrew R. Jassy sold 1,726 shares of Amazon.com 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 transaction, the chief executive officer now owns 88,801 shares of the company’s stock, valued at approximately $168,721,900. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, Director Tom A. Alberg sold 2,320 shares of Amazon.com stock in a transaction that occurred on Monday, August 6th. The stock was sold at an average price of $1,827.29, for a total transaction of $4,239,312.80. The disclosure for this sale can be found here. In the last ninety days, insiders sold 25,308 shares of company stock worth $47,905,498. Insiders own 16.30% of the company’s stock.
A number of brokerages recently weighed in on AMZN. DA Davidson lifted their price objective on shares of Amazon.com from $2,200.00 to $2,450.00 and gave the company a “buy” rating in a report on Wednesday, September 5th. Wells Fargo & Co reiterated a “buy” rating and set a $2,300.00 price objective on shares of Amazon.com in a report on Monday, October 1st. BidaskClub upgraded shares of Amazon.com from a “hold” rating to a “buy” rating in a report on Friday, September 28th. Robert W. Baird reiterated a “buy” rating on shares of Amazon.com in a report on Monday, September 3rd. Finally, Macquarie reiterated a “buy” rating and set a $2,200.00 price objective on shares of Amazon.com in a report on Tuesday, October 2nd. Five equities research analysts have rated the stock with a hold rating and forty-eight have assigned a buy rating to the company’s stock. The company presently has a consensus rating of “Buy” and a consensus target price of $2,037.57.
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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