1 day Ago By ABMN Staff
New Millennium Group LLC lifted its position in shares of Amazon.com, Inc. ( NASDAQ:AMZN ) by 10.
2% in the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 21,221 shares of the e-commerce giant’s stock after buying an additional 1,966 shares during the quarter. Amazon.
com comprises about 2.7% of New Millennium Group LLC’s holdings, making the stock its 11th largest position. New Millennium Group LLC’s holdings in Amazon.
com were worth $4,101,000 at the end of the most recent reporting period. Several other large investors also recently modified their holdings of the company. Rooted Wealth Advisors Inc.
increased its position in shares of Amazon.com by 7.5% during the second quarter.
Rooted Wealth Advisors Inc. now owns 7,498 shares of the e-commerce giant’s stock worth $1,378,000 after buying an additional 524 shares during the period. First Heartland Consultants Inc.
increased its position in shares of Amazon.com by 13.4% during the second quarter.
First Heartland Consultants Inc. now owns 72,243 shares of the e-commerce giant’s stock worth $13,961,000 after buying an additional 8,557 shares during the period. Addison Capital Co increased its position in shares of Amazon.
com by 6.5% during the second quarter. Addison Capital Co now owns 16,691 shares of the e-commerce giant’s stock worth $3,226,000 after buying an additional 1,013 shares during the period.
Raymond James Trust CO. of NH acquired a new stake in shares of Amazon.com during the second quarter worth $220,000.
Finally, MinichMacGregor Wealth Management LLC increased its position in shares of Amazon.com by 1.7% during the second quarter.
MinichMacGregor Wealth Management LLC now owns 9,481 shares of the e-commerce giant’s stock worth $1,832,000 after buying an additional 163 shares during the period. 72.20% of the stock is currently owned by institutional investors and hedge funds.
Analyst Upgrades and Downgrades Several equities research analysts have recently weighed in on the stock. TD Cowen increased their price objective on shares of Amazon.com from $225.
00 to $245.00 and gave the stock a “buy” rating in a research report on Wednesday, July 10th. Stifel Nicolaus cut their target price on shares of Amazon.
com from $228.00 to $224.00 and set a “buy” rating on the stock in a research note on Friday, August 2nd.
BMO Capital Markets increased their target price on shares of Amazon.com from $220.00 to $230.
00 and gave the stock an “outperform” rating in a research note on Thursday, July 25th. Sanford C. Bernstein increased their target price on shares of Amazon.
com from $210.00 to $215.00 and gave the stock an “outperform” rating in a research note on Monday, July 22nd.
Finally, Tigress Financial increased their target price on shares of Amazon.com from $210.00 to $245.
00 and gave the stock a “buy” rating in a research note on Thursday, May 30th. One analyst has rated the stock with a hold rating, forty have issued a buy rating and two have given a strong buy rating to the company. According to MarketBeat.
com, the company has a consensus rating of “Buy” and a consensus target price of $222.49. Amazon.
com Stock Performance NASDAQ AMZN opened at $186.88 on Wednesday. Amazon.
com, Inc. has a 52-week low of $118.35 and a 52-week high of $201.
20. The company has a 50-day simple moving average of $178.97 and a 200 day simple moving average of $181.
80. The company has a debt-to-equity ratio of 0.23, a quick ratio of 0.
88 and a current ratio of 1.10. The company has a market capitalization of $1.
94 trillion, a PE ratio of 52.35, a price-to-earnings-growth ratio of 1.39 and a beta of 1.
14. Amazon.com ( NASDAQ:AMZN – Get Free Report ) last posted its quarterly earnings data on Thursday, August 1st.
The e-commerce giant reported $1.23 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.05 by $0.
18. Amazon.com had a net margin of 7.
35% and a return on equity of 21.39%. The business had revenue of $147.
98 billion during the quarter, compared to the consensus estimate of $148.63 billion. On average, research analysts predict that Amazon.
com, Inc. will post 4.86 EPS for the current year.
Insider Buying and Selling In related news, insider Jeffrey P. Bezos sold 3,085,116 shares of the firm’s stock in a transaction dated Friday, July 5th. The shares were sold at an average price of $200.
07, for a total transaction of $617,239,158.12. Following the completion of the sale, the insider now owns 931,925,277 shares in the company, valued at $186,450,290,169.
39. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link . In other news, CEO Andrew R.
Jassy sold 20,784 shares of Amazon.com stock in a transaction dated Wednesday, August 21st. The shares were sold at an average price of $180.
77, for a total value of $3,757,123.68. Following the completion of the transaction, the chief executive officer now owns 2,056,534 shares in the company, valued at $371,759,651.
18. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website . Also, insider Jeffrey P.
Bezos sold 3,085,116 shares of Amazon.com stock in a transaction dated Friday, July 5th. The stock was sold at an average price of $200.
07, for a total transaction of $617,239,158.12. Following the completion of the transaction, the insider now owns 931,925,277 shares of the company’s stock, valued at approximately $186,450,290,169.
39. The disclosure for this sale can be found here . Over the last 90 days, insiders sold 6,104,317 shares of company stock worth $1,220,621,322.
Insiders own 10.80% of the company’s stock. Amazon.
com Profile ( Free Report ) Amazon.com, Inc engages in the retail sale of consumer products, advertising, and subscriptions service through online and physical stores in North America and internationally. The company operates through three segments: North America, International, and Amazon Web Services (AWS).
It also manufactures and sells electronic devices, including Kindle, Fire tablets, Fire TVs, Echo, Ring, Blink, and eero; and develops and produces media content. See Also Want to see what other hedge funds are holding AMZN? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Amazon.
com, Inc. ( NASDAQ:AMZN – Free Report ). Receive News & Ratings for Amazon.
com Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Amazon.com and related companies with MarketBeat.com's FREE daily email newsletter .
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