JFS Wealth Advisors LLC lifted its position in shares of Amazon.com, Inc. (NASDAQ:AMZN) by 3.0% during the second quarter, Holdings Channel reports. The firm owned 687 shares of the e-commerce giant’s stock after acquiring an additional 20 shares during the quarter. JFS Wealth Advisors LLC’s holdings in Amazon.com were worth $1,301,000 as of its most recent filing with the SEC.
Several other hedge funds and other institutional investors also recently added to or reduced their stakes in AMZN. Signet Investment Advisory Group Inc. purchased a new stake in Amazon.com in the 4th quarter valued at approximately $33,000. Litman Gregory Asset Management LLC purchased a new stake in Amazon.com in the 2nd quarter valued at approximately $53,000. Financial Advantage Inc. purchased a new stake in Amazon.com in the 4th quarter valued at approximately $45,000. Clear Investment Research LLC boosted its holdings in Amazon.com by 27.6% in the 2nd quarter. Clear Investment Research LLC now owns 37 shares of the e-commerce giant’s stock valued at $70,000 after purchasing an additional 8 shares in the last quarter. Finally, Contravisory Investment Management Inc. boosted its holdings in Amazon.com by 20.6% in the 2nd quarter. Contravisory Investment Management Inc. now owns 41 shares of the e-commerce giant’s stock valued at $78,000 after purchasing an additional 7 shares in the last quarter. 57.26% of the stock is currently owned by hedge funds and other institutional investors.
Shares of NASDAQ AMZN opened at $1,754.11 on Wednesday. Amazon.com, Inc. has a 52-week low of $1,307.00 and a 52-week high of $2,050.50. The firm has a fifty day moving average of $1,877.38 and a 200-day moving average of $1,821.70. The stock has a market capitalization of $865.46 billion, a PE ratio of 87.10, a P/E/G ratio of 2.22 and a beta of 1.55. The company has a quick ratio of 0.84, a current ratio of 1.10 and a debt-to-equity ratio of 0.44.
Amazon.com (NASDAQ:AMZN) last announced its quarterly earnings data on Thursday, July 25th. The e-commerce giant reported $5.22 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $5.29 by ($0.07). Amazon.com had a net margin of 4.80% and a return on equity of 26.27%. The company had revenue of $63.40 billion for the quarter, compared to analysts’ expectations of $62.59 billion. During the same period in the prior year, the firm earned $5.07 earnings per share. The firm’s quarterly revenue was up 19.9% on a year-over-year basis. Equities research analysts expect that Amazon.com, Inc. will post 24.19 EPS for the current fiscal year.
In other news, VP Shelley Reynolds sold 379 shares of the business’s stock in a transaction on Thursday, August 15th. The shares were sold at an average price of $1,775.43, for a total transaction of $672,887.97. Following the completion of the sale, the vice president now directly owns 6,307 shares of the company’s stock, valued at approximately $11,197,637.01. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, CEO Andrew R. Jassy sold 7,308 shares of the business’s stock in a transaction on Wednesday, July 10th. The shares were sold at an average price of $2,000.00, for a total transaction of $14,616,000.00. Following the sale, the chief executive officer now directly owns 92,614 shares of the company’s stock, valued at $185,228,000. The disclosure for this sale can be found here. Insiders have sold a total of 15,570 shares of company stock valued at $29,499,221 over the last three months. Corporate insiders own 16.10% of the company’s stock.
AMZN has been the topic of a number of analyst reports. Monness Crespi & Hardt set a $2,300.00 price objective on Amazon.com and gave the company a “buy” rating in a report on Friday, July 19th. Wedbush reaffirmed a “buy” rating and issued a $2,350.00 price objective on shares of Amazon.com in a report on Monday, July 22nd. JPMorgan Chase & Co. reaffirmed a “buy” rating on shares of Amazon.com in a report on Monday, July 29th. Loop Capital set a $2,380.00 price objective on Amazon.com and gave the company a “buy” rating in a report on Monday, July 15th. Finally, Raymond James set a $2,080.00 price objective on Amazon.com and gave the company an “outperform” rating in a report on Friday, July 26th. One investment analyst has rated the stock with a sell rating, two have given a hold rating and forty-two have given a buy rating to the company. The company presently has an average rating of “Buy” and a consensus target price of $2,251.95.
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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