Amazon.com, Inc. (NASDAQ:AMZN) Shares Purchased by Private Advisor Group LLC

Private Advisor Group LLC boosted its stake in Amazon.com, Inc. (NASDAQ:AMZN) by 13.1% in the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 50,128 shares of the e-commerce giant’s stock after acquiring an additional 5,789 shares during the period. Amazon.com comprises approximately 1.9% of Private Advisor Group LLC’s portfolio, making the stock its 5th largest position. Private Advisor Group LLC’s holdings in Amazon.com were worth $138,293,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds also recently made changes to their positions in AMZN. Advisor Group Holdings Inc. purchased a new position in Amazon.com during the first quarter worth about $294,639,000. FMR LLC grew its position in Amazon.com by 1.3% during the second quarter. FMR LLC now owns 16,051,633 shares of the e-commerce giant’s stock worth $44,283,569,000 after buying an additional 212,006 shares during the period. Geode Capital Management LLC grew its position in Amazon.com by 2.5% during the first quarter. Geode Capital Management LLC now owns 6,048,684 shares of the e-commerce giant’s stock worth $11,768,454,000 after buying an additional 147,641 shares during the period. Capital International Investors grew its position in Amazon.com by 7.3% during the first quarter. Capital International Investors now owns 4,599,769 shares of the e-commerce giant’s stock worth $8,968,262,000 after buying an additional 312,549 shares during the period. Finally, Bank of New York Mellon Corp grew its position in Amazon.com by 18.5% during the second quarter. Bank of New York Mellon Corp now owns 4,516,147 shares of the e-commerce giant’s stock worth $12,459,236,000 after buying an additional 704,255 shares during the period. 57.32% of the stock is owned by hedge funds and other institutional investors.

AMZN has been the topic of several recent analyst reports. Morgan Stanley upped their target price on shares of Amazon.com from $3,450.00 to $3,750.00 and gave the stock an “overweight” rating in a research report on Friday, July 31st. Monness Crespi & Hardt increased their price target on shares of Amazon.com from $3,500.00 to $3,750.00 and gave the company a “buy” rating in a research report on Friday, July 31st. Credit Suisse Group increased their price target on shares of Amazon.com from $3,400.00 to $3,680.00 and gave the company an “outperform” rating in a research report on Friday, July 31st. Stifel Nicolaus increased their price target on shares of Amazon.com from $3,300.00 to $3,500.00 and gave the company a “buy” rating in a research report on Friday, July 31st. Finally, Cowen increased their price target on shares of Amazon.com from $2,750.00 to $3,700.00 and gave the company an “outperform” rating in a research report on Monday, July 13th. Six research analysts have rated the stock with a hold rating and forty-seven have issued a buy rating to the company’s stock. The stock presently has a consensus rating of “Buy” and a consensus target price of $3,291.50.

NASDAQ AMZN opened at $3,156.13 on Wednesday. Amazon.com, Inc. has a one year low of $1,626.03 and a one year high of $3,552.25. The firm has a market capitalization of $1,554.25 billion, a PE ratio of 121.34, a price-to-earnings-growth ratio of 3.23 and a beta of 1.32. The company has a 50-day simple moving average of $3,230.98 and a 200-day simple moving average of $2,603.18. The company has a debt-to-equity ratio of 0.45, a quick ratio of 0.97 and a current ratio of 1.18.

Amazon.com (NASDAQ:AMZN) last released its quarterly earnings results on Thursday, July 30th. The e-commerce giant reported $10.30 EPS for the quarter, topping analysts’ consensus estimates of $1.74 by $8.56. Amazon.com had a net margin of 4.10% and a return on equity of 20.47%. The company had revenue of $88.91 billion for the quarter, compared to the consensus estimate of $81.56 billion. Equities analysts forecast that Amazon.com, Inc. will post 31.92 earnings per share for the current year.

In related news, CEO Jeffrey A. Wilke sold 750 shares of the business’s stock in a transaction that occurred on Monday, August 24th. The shares were sold at an average price of $3,304.28, for a total value of $2,478,210.00. Following the sale, the chief executive officer now directly owns 10,000 shares in the company, valued at approximately $33,042,800. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, VP Shelley Reynolds sold 292 shares of the business’s stock in a transaction that occurred on Monday, August 17th. The stock was sold at an average price of $3,173.12, for a total transaction of $926,551.04. Following the completion of the sale, the vice president now owns 6,281 shares in the company, valued at $19,930,366.72. The disclosure for this sale can be found here. Insiders sold a total of 102,815 shares of company stock worth $324,095,003 over the last quarter. Insiders own 16.10% of the company’s stock.

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 third-party sellers through physical stores and online stores.

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

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