1 day Ago By ABMN Staff
Rooted Wealth Advisors Inc. increased its holdings in Amazon.com, Inc.
( NASDAQ:AMZN ) by 7.5% in the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 7,498 shares of the e-commerce giant’s stock after acquiring an additional 524 shares during the quarter.
Rooted Wealth Advisors Inc.’s holdings in Amazon.com were worth $1,378,000 as of its most recent filing with the Securities and Exchange Commission (SEC).
Other institutional investors also recently modified their holdings of the company. Cooksen Wealth LLC bought a new stake in Amazon.com during the 4th quarter valued at about $30,000.
Clarity Asset Management Inc. bought a new stake in Amazon.com during the 4th quarter valued at about $46,000.
Steph & Co. bought a new stake in Amazon.com during the 1st quarter valued at about $65,000.
Advantage Trust Co bought a new stake in Amazon.com during the 4th quarter valued at about $68,000. Finally, Koesten Hirschmann & Crabtree INC.
bought a new stake in Amazon.com during the 1st quarter valued at about $69,000. 72.
20% of the stock is currently owned by institutional investors. Insider Activity at Amazon.com In other Amazon.
com news, insider Jeffrey P. Bezos sold 1,228,993 shares of Amazon.com stock in a transaction on Monday, July 8th.
The shares were sold at an average price of $200.36, for a total value of $246,241,037.48.
Following the completion of the transaction, the insider now directly owns 930,696,284 shares of the company’s stock, valued at approximately $186,474,307,462.24. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link .
In related news, CEO Douglas J. Herrington sold 3,500 shares of Amazon.com stock in a transaction dated Monday, July 1st.
The shares were sold at an average price of $195.99, for a total transaction of $685,965.00.
Following the completion of the transaction, the chief executive officer now directly owns 519,753 shares of the company’s stock, valued at approximately $101,866,390.47. The transaction was disclosed in a filing with the SEC, which is available through the SEC website .
Also, insider Jeffrey P. Bezos sold 1,228,993 shares of Amazon.com stock in a transaction dated Monday, July 8th.
The stock was sold at an average price of $200.36, for a total transaction of $246,241,037.48.
Following the transaction, the insider now directly owns 930,696,284 shares of the company’s stock, valued at $186,474,307,462.24. The disclosure for this sale can be found here .
Over the last ninety days, insiders sold 6,104,317 shares of company stock valued at $1,220,621,322. Corporate insiders own 10.80% of the company’s stock.
Amazon.com Stock Performance Amazon.com ( NASDAQ:AMZN – Get Free Report ) last posted its earnings results on Thursday, August 1st.
The e-commerce giant reported $1.23 earnings per share for the quarter, beating the consensus estimate of $1.05 by $0.
18. The company had revenue of $147.98 billion during the quarter, compared to analysts’ expectations of $148.
63 billion. Amazon.com had a net margin of 7.
35% and a return on equity of 21.39%. As a group, sell-side analysts forecast that Amazon.
com, Inc. will post 4.86 earnings per share for the current fiscal year.
Wall Street Analyst Weigh In A number of analysts have weighed in on the stock. Jefferies Financial Group reduced their price objective on shares of Amazon.com from $235.
00 to $225.00 and set a “buy” rating for the company in a research note on Friday, August 2nd. Rosenblatt Securities raised their price target on shares of Amazon.
com from $220.00 to $221.00 and gave the company a “buy” rating in a report on Friday, August 2nd.
Royal Bank of Canada reaffirmed an “outperform” rating and set a $215.00 price target on shares of Amazon.com in a report on Friday, August 2nd.
Wells Fargo & Company dropped their price target on shares of Amazon.com from $232.00 to $225.
00 and set an “overweight” rating on the stock in a report on Monday, August 26th. Finally, Benchmark reaffirmed a “buy” rating and set a $200.00 price target on shares of Amazon.
com in a report on Friday, August 2nd. 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’s stock. According to data from MarketBeat.
com, the stock currently has an average rating of “Buy” and an average target price of $222.49. Check Out Our Latest Stock Report on Amazon.
com Amazon.com Company 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. Featured Articles 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 ).
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