American Money Management LLC Buys 4 Shares of Amazon.com, Inc. (NASDAQ:AMZN)

American Money Management LLC raised its stake in shares of Amazon.com, Inc. (NASDAQ:AMZN) by 0.3% in the 2nd quarter, Holdings Channel reports. The firm owned 1,233 shares of the e-commerce giant’s stock after acquiring an additional 4 shares during the period. American Money Management LLC’s holdings in Amazon.com were worth $4,242,000 at the end of the most recent reporting period.

Several other large investors have also made changes to their positions in AMZN. White Pine Investment CO boosted its stake in Amazon.com by 2.3% in the first quarter. White Pine Investment CO now owns 131 shares of the e-commerce giant’s stock valued at $405,000 after acquiring an additional 3 shares in the last quarter. Endurance Wealth Management Inc. boosted its stake in Amazon.com by 0.4% in the second quarter. Endurance Wealth Management Inc. now owns 848 shares of the e-commerce giant’s stock valued at $2,917,000 after acquiring an additional 3 shares in the last quarter. Rockbridge Investment Management LCC boosted its stake in Amazon.com by 0.5% in the second quarter. Rockbridge Investment Management LCC now owns 581 shares of the e-commerce giant’s stock valued at $1,999,000 after acquiring an additional 3 shares in the last quarter. Chilton Investment Co. LLC lifted its stake in shares of Amazon.com by 0.7% during the second quarter. Chilton Investment Co. LLC now owns 423 shares of the e-commerce giant’s stock worth $1,455,000 after buying an additional 3 shares during the period. Finally, ICW Investment Advisors LLC lifted its stake in shares of Amazon.com by 1.0% during the second quarter. ICW Investment Advisors LLC now owns 293 shares of the e-commerce giant’s stock worth $1,008,000 after buying an additional 3 shares during the period. 57.67% of the stock is owned by hedge funds and other institutional investors.

In other Amazon.com news, CEO Adam Selipsky sold 1,356 shares of the company’s stock in a transaction dated Monday, August 16th. The shares were sold at an average price of $3,283.00, for a total value of $4,451,748.00. Following the completion of the sale, the chief executive officer now directly owns 3,082 shares of the company’s stock, valued at approximately $10,118,206. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, CEO David H. Clark sold 243 shares of the company’s stock in a transaction dated Wednesday, July 7th. The shares were sold at an average price of $3,717.29, for a total transaction of $903,301.47. The disclosure for this sale can be found here. Insiders sold 4,463 shares of company stock valued at $14,784,642 in the last ninety days. Corporate insiders own 14.00% of the company’s stock.

Shares of AMZN opened at $3,450.00 on Wednesday. Amazon.com, Inc. has a 1 year low of $2,871.00 and a 1 year high of $3,773.08. The company has a market cap of $1.75 trillion, a price-to-earnings ratio of 60.14, a price-to-earnings-growth ratio of 2.41 and a beta of 1.14. The company has a debt-to-equity ratio of 0.44, a quick ratio of 0.99 and a current ratio of 1.20. The firm has a fifty day moving average of $3,459.88 and a 200-day moving average of $3,334.44.

Amazon.com (NASDAQ:AMZN) last announced its quarterly earnings results on Wednesday, July 28th. The e-commerce giant reported $15.12 earnings per share (EPS) for the quarter, beating the consensus estimate of $12.22 by $2.90. The company had revenue of $113.08 billion during the quarter, compared to the consensus estimate of $115.08 billion. Amazon.com had a net margin of 6.64% and a return on equity of 29.86%. Analysts predict that Amazon.com, Inc. will post 52.18 EPS for the current year.

Several research firms have recently commented on AMZN. Argus reiterated a “buy” rating and set a $4,000.00 price objective on shares of Amazon.com in a research note on Friday, July 9th. KeyCorp reiterated a “buy” rating and set a $4,000.00 price objective on shares of Amazon.com in a research note on Tuesday, September 7th. Truist lowered their price objective on shares of Amazon.com from $4,000.00 to $3,800.00 and set a “buy” rating for the company in a research note on Friday, July 30th. Credit Suisse Group lifted their price objective on shares of Amazon.com from $4,000.00 to $4,850.00 and gave the stock an “outperform” rating in a research note on Monday, July 26th. Finally, UBS Group lowered their price objective on shares of Amazon.com from $4,350.00 to $4,020.00 and set a “buy” rating for the company in a research note on Friday, July 30th. One investment analyst has rated the stock with a hold rating and forty have issued a buy rating to the company. Based on data from MarketBeat, Amazon.com currently has an average rating of “Buy” and an average target price of $4,151.30.

Amazon.com Company Profile

Amazon.com, Inc engages in the provision of online retail shopping services. It operates through the following business segments: North America, International, and Amazon Web Services (AWS). The North America segment includes retail sales of consumer products and subscriptions through North America-focused websites such as www.amazon.com and www.amazon.ca.

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

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