Measured Wealth Private Client Group LLC acquired a new position in Amazon.com, Inc. (NASDAQ:AMZN) in the second quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund acquired 250 shares of the e-commerce giant’s stock, valued at approximately $473,000.
A number of other large investors have also modified their holdings of the stock. Signet Investment Advisory Group Inc. purchased a new stake in shares of Amazon.com during the fourth quarter valued at $33,000. Financial Advantage Inc. purchased a new stake in shares of Amazon.com during the fourth quarter valued at $45,000. Contravisory Investment Management Inc. grew its holdings in shares of Amazon.com by 20.6% during the second quarter. Contravisory Investment Management Inc. now owns 41 shares of the e-commerce giant’s stock valued at $78,000 after buying an additional 7 shares during the last quarter. Mascoma Wealth Management LLC grew its holdings in shares of Amazon.com by 15.6% during the fourth quarter. Mascoma Wealth Management LLC now owns 52 shares of the e-commerce giant’s stock valued at $78,000 after buying an additional 7 shares during the last quarter. Finally, Mcmillion Capital Management Inc. purchased a new stake in shares of Amazon.com during the second quarter valued at $104,000. 57.17% of the stock is owned by institutional investors.
AMZN stock traded up $30.57 during mid-day trading on Tuesday, reaching $1,815.49. The company’s stock had a trading volume of 40,097 shares, compared to its average volume of 3,796,725. The stock has a market cap of $894.13 billion, a PE ratio of 90.36, a PEG ratio of 2.29 and a beta of 1.55. The company has a debt-to-equity ratio of 0.44, a quick ratio of 0.84 and a current ratio of 1.10. Amazon.com, Inc. has a fifty-two week low of $1,307.00 and a fifty-two week high of $2,050.50. The company’s 50 day moving average price is $1,917.30.
A number of equities research analysts have recently weighed in on AMZN shares. Pivotal Research reissued a “buy” rating and set a $2,615.00 price objective (down from $2,750.00) on shares of Amazon.com in a report on Friday, July 26th. UBS Group reissued a “buy” rating on shares of Amazon.com in a report on Friday, July 26th. Barclays raised shares of Amazon.com from an “outperform” rating to a “buy” rating in a report on Monday, July 29th. Piper Jaffray Companies boosted their price objective on shares of Amazon.com from $2,070.00 to $2,225.00 and gave the company an “overweight” rating in a report on Friday, April 26th. Finally, BidaskClub lowered shares of Amazon.com from a “buy” rating to a “hold” rating in a report on Saturday, July 27th. Three investment analysts have rated the stock with a hold rating and forty-two have issued a buy rating to the company. The company has an average rating of “Buy” and a consensus price target of $2,251.95.
In related news, CEO Andrew R. Jassy sold 7,308 shares of the stock in a transaction that occurred 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 completion of the transaction, the chief executive officer now owns 92,614 shares of the company’s stock, valued at approximately $185,228,000. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, insider David Zapolsky sold 763 shares of the stock in a transaction that occurred on Wednesday, July 10th. The stock was sold at an average price of $2,000.00, for a total transaction of $1,526,000.00. Following the transaction, the insider now directly owns 2,698 shares of the company’s stock, valued at approximately $5,396,000. The disclosure for this sale can be found here. In the last quarter, insiders sold 12,093 shares of company stock valued at $23,535,023. 16.10% of the stock is owned by 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 third-party sellers through physical stores and online stores.
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