Modera Wealth Management LLC cut its stake in Amazon.com, Inc. (NASDAQ:AMZN) by 9.0% in the second quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 283 shares of the e-commerce giant’s stock after selling 28 shares during the quarter. Modera Wealth Management LLC’s holdings in Amazon.com were worth $481,000 as of its most recent SEC filing.
Several other institutional investors and hedge funds also recently modified their holdings of the business. Sawtooth Solutions LLC grew its holdings in shares of Amazon.com by 3.6% during the 2nd quarter. Sawtooth Solutions LLC now owns 2,466 shares of the e-commerce giant’s stock worth $4,191,000 after purchasing an additional 86 shares during the period. Aviance Capital Partners LLC boosted its holdings in Amazon.com by 12.9% during the 2nd quarter. Aviance Capital Partners LLC now owns 6,941 shares of the e-commerce giant’s stock valued at $11,798,000 after acquiring an additional 792 shares during the period. Elgethun Capital Management boosted its holdings in Amazon.com by 6.7% during the 2nd quarter. Elgethun Capital Management now owns 511 shares of the e-commerce giant’s stock valued at $866,000 after acquiring an additional 32 shares during the period. Securian Asset Management Inc raised its position in Amazon.com by 0.6% in the 2nd quarter. Securian Asset Management Inc now owns 41,492 shares of the e-commerce giant’s stock valued at $70,528,000 after purchasing an additional 257 shares in the last quarter. Finally, Bay Colony Advisory Group Inc d b a Bay Colony Advisors acquired a new stake in Amazon.com in the 2nd quarter valued at about $432,000. 55.64% of the stock is owned by institutional investors and hedge funds.
Amazon.com stock opened at $1,699.19 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. Amazon.com, Inc. has a 1-year low of $1,151.00 and a 1-year high of $2,050.50. The company has a market capitalization of $815.80 billion, a P/E ratio of 373.45, a price-to-earnings-growth ratio of 3.17 and a beta of 1.70.
A number of equities research analysts have issued reports on the company. BidaskClub raised Amazon.com from a “sell” rating to a “hold” rating in a research report on Wednesday. Nomura reissued a “buy” rating on shares of Amazon.com in a research report on Tuesday. Barclays reissued a “buy” rating on shares of Amazon.com in a research report on Tuesday. Wells Fargo & Co reissued a “buy” rating and set a $2,100.00 target price on shares of Amazon.com in a research report on Monday. Finally, Loop Capital reissued a “buy” rating on shares of Amazon.com in a research report on Tuesday, November 27th. Three analysts have rated the stock with a hold rating and forty-six have assigned a buy rating to the stock. The company currently has a consensus rating of “Buy” and an average price target of $2,096.01.
In other Amazon.com news, CEO Jeffrey A. Wilke sold 1,230 shares of the business’s stock in a transaction on Tuesday, November 20th. The stock was sold at an average price of $1,506.94, for a total transaction of $1,853,536.20. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Also, CEO Jeffrey A. Wilke sold 2,000 shares of the business’s stock in a transaction on Wednesday, September 12th. The stock was sold at an average price of $1,981.72, for a total value of $3,963,440.00. Following the sale, the chief executive officer now owns 10,000 shares in the company, valued at $19,817,200. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 25,842 shares of company stock worth $42,513,241. 16.30% of the stock is owned by company insiders.
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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