SWS Partners reduced its holdings in Amazon.com, Inc. (NASDAQ:AMZN – Free Report) by 5.3% during the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 26,852 shares of the e-commerce giant’s stock after selling 1,510 shares during the quarter. Amazon.com accounts for 1.6% of SWS Partners’ portfolio, making the stock its 12th largest position. SWS Partners’ holdings in Amazon.com were worth $5,891,000 as of its most recent SEC filing.
Other large investors have also recently added to or reduced their stakes in the company. Western Wealth Management LLC increased its position in Amazon.com by 0.9% in the 1st quarter. Western Wealth Management LLC now owns 140,122 shares of the e-commerce giant’s stock valued at $26,660,000 after acquiring an additional 1,297 shares during the period. Flaharty Asset Management LLC increased its position in shares of Amazon.com by 87.7% during the 1st quarter. Flaharty Asset Management LLC now owns 5,088 shares of the e-commerce giant’s stock valued at $968,000 after purchasing an additional 2,377 shares during the period. Barnes Dennig Private Wealth Management LLC acquired a new position in shares of Amazon.com during the 1st quarter valued at $514,000. Border to Coast Pensions Partnership Ltd increased its position in shares of Amazon.com by 6.0% during the 2nd quarter. Border to Coast Pensions Partnership Ltd now owns 1,136,311 shares of the e-commerce giant’s stock valued at $249,295,000 after purchasing an additional 63,924 shares during the period. Finally, Formidable Asset Management LLC increased its position in shares of Amazon.com by 2.6% during the 1st quarter. Formidable Asset Management LLC now owns 35,136 shares of the e-commerce giant’s stock valued at $6,685,000 after purchasing an additional 889 shares during the period. 72.20% of the stock is currently owned by institutional investors and hedge funds.
Amazon.com Stock Performance
Shares of Amazon.com stock opened at $216.37 on Monday. The stock has a market cap of $2.31 trillion, a PE ratio of 32.98, a price-to-earnings-growth ratio of 1.43 and a beta of 1.28. The business has a fifty day simple moving average of $225.94 and a 200-day simple moving average of $211.97. The company has a quick ratio of 0.81, a current ratio of 1.02 and a debt-to-equity ratio of 0.15. Amazon.com, Inc. has a 12 month low of $161.38 and a 12 month high of $242.52.
Insiders Place Their Bets
In other news, VP Shelley Reynolds sold 2,715 shares of the firm’s stock in a transaction on Thursday, August 21st. The stock was sold at an average price of $221.64, for a total value of $601,752.60. Following the completion of the sale, the vice president owned 119,780 shares of the company’s stock, valued at $26,548,039.20. This trade represents a 2.22% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available at this link. Also, CFO Brian T. Olsavsky sold 17,750 shares of the firm’s stock in a transaction on Thursday, August 21st. The stock was sold at an average price of $222.74, for a total value of $3,953,635.00. Following the completion of the sale, the chief financial officer directly owned 49,000 shares of the company’s stock, valued at approximately $10,914,260. This trade represents a 26.59% decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 11,597,911 shares of company stock valued at $2,652,463,783 over the last quarter. 10.80% of the stock is owned by insiders.
Analysts Set New Price Targets
AMZN has been the topic of several research analyst reports. BNP Paribas Exane upgraded Amazon.com from a “neutral” rating to an “outperform” rating and set a $254.00 price target on the stock in a research report on Friday, June 27th. Cowen reiterated a “buy” rating on shares of Amazon.com in a research report on Friday, August 1st. HSBC lifted their price target on Amazon.com from $256.00 to $260.00 and gave the company a “buy” rating in a research report on Monday, September 29th. Deutsche Bank Aktiengesellschaft raised their price objective on Amazon.com from $230.00 to $266.00 in a research note on Tuesday, July 22nd. Finally, Monness Crespi & Hardt raised their price objective on Amazon.com from $265.00 to $275.00 and gave the stock a “buy” rating in a research note on Friday, August 1st. Three research analysts have rated the stock with a Strong Buy rating, forty-seven have given a Buy rating and one has given a Hold rating to the stock. According to MarketBeat.com, the stock currently has an average rating of “Buy” and a consensus target price of $266.26.
Read Our Latest Research Report on AMZN
Amazon.com Company Profile
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.
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