BerganKDV Wealth Management LLC increased its position in Amazon.com, Inc. (NASDAQ:AMZN) by 30.9% in the second quarter, according to its most recent disclosure with the SEC. The institutional investor owned 848 shares of the e-commerce giant’s stock after purchasing an additional 200 shares during the period. BerganKDV Wealth Management LLC’s holdings in Amazon.com were worth $1,441,000 at the end of the most recent reporting period.
Other large investors have also recently bought and sold shares of the company. BKD Wealth Advisors LLC boosted its stake in Amazon.com by 3.1% in the second quarter. BKD Wealth Advisors LLC now owns 943 shares of the e-commerce giant’s stock valued at $1,603,000 after acquiring an additional 28 shares during the period. Granite Springs Asset Management LLC boosted its stake in Amazon.com by 6.1% in the second quarter. Granite Springs Asset Management LLC now owns 518 shares of the e-commerce giant’s stock valued at $880,000 after acquiring an additional 30 shares during the period. Cornerstone Advisors Inc. boosted its stake in Amazon.com by 3.9% in the second quarter. Cornerstone Advisors Inc. now owns 802 shares of the e-commerce giant’s stock valued at $1,363,000 after acquiring an additional 30 shares during the period. Private Trust Co. NA boosted its stake in Amazon.com by 0.7% in the second quarter. Private Trust Co. NA now owns 4,504 shares of the e-commerce giant’s stock valued at $7,655,000 after acquiring an additional 31 shares during the period. Finally, Palladium Partners LLC boosted its stake in Amazon.com by 6.9% in the first quarter. Palladium Partners LLC now owns 493 shares of the e-commerce giant’s stock valued at $714,000 after acquiring an additional 32 shares during the period. Institutional investors and hedge funds own 57.36% of the company’s stock.
Shares of NASDAQ:AMZN opened at $1,864.42 on Tuesday. Amazon.com, Inc. has a 12 month low of $962.50 and a 12 month high of $2,050.50. The company has a market cap of $976.95 billion, a P/E ratio of 415.31, a PEG ratio of 4.17 and a beta of 1.58. The company has a current ratio of 1.07, a quick ratio of 0.78 and a debt-to-equity ratio of 0.70.
Amazon.com (NASDAQ:AMZN) last posted its quarterly earnings results on Thursday, July 26th. The e-commerce giant reported $5.07 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $2.49 by $2.58. The firm had revenue of $52.89 billion for the quarter, compared to analyst estimates of $53.37 billion. Amazon.com had a net margin of 3.02% and a return on equity of 18.47%. The firm’s quarterly revenue was up 39.3% compared to the same quarter last year. During the same quarter in the previous year, the business posted $0.40 earnings per share. As a group, analysts anticipate that Amazon.com, Inc. will post 17.78 earnings per share for the current fiscal year.
AMZN has been the topic of a number of recent analyst reports. Zacks Investment Research cut Amazon.com from a “buy” rating to a “hold” rating in a report on Wednesday, June 27th. Morgan Stanley reaffirmed a “buy” rating on shares of Amazon.com in a report on Tuesday, July 17th. Barclays reaffirmed a “buy” rating and set a $1,870.00 price target on shares of Amazon.com in a report on Friday, July 27th. Jefferies Financial Group reaffirmed a “buy” rating on shares of Amazon.com in a report on Monday, October 1st. Finally, Cowen lifted their price target on Amazon.com from $2,000.00 to $2,100.00 and gave the company an “outperform” rating in a report on Friday, July 13th. Four equities research analysts have rated the stock with a hold rating and forty-nine have issued a buy rating to the company’s stock. The company presently has an average rating of “Buy” and an average price target of $2,005.64.
In other Amazon.com news, CEO Jeffrey A. Wilke sold 2,000 shares of Amazon.com stock in a transaction that occurred on Wednesday, September 12th. The shares were sold at an average price of $1,981.72, for a total value of $3,963,440.00. Following the transaction, the chief executive officer now owns 10,000 shares in the company, valued at $19,817,200. The transaction was disclosed in a document filed with the SEC, which is available at this link. Also, Director Thomas O. Ryder sold 5,000 shares of Amazon.com stock in a transaction that occurred on Wednesday, August 1st. The stock was sold at an average price of $1,783.81, for a total transaction of $8,919,050.00. Following the completion of the transaction, the director now owns 10,752 shares in the company, valued at approximately $19,179,525.12. The disclosure for this sale can be found here. In the last 90 days, insiders sold 25,308 shares of company stock worth $47,905,498. 16.30% of the stock is currently owned by company 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 vendors, as well as those offered by third-party sellers through physical stores and retail Websites, such as amazon.com, amazon.ca, amazon.com.mx, amazon.com.au, amazon.com.br, amazon.cn, amazon.fr, amazon.de, amazon.in, amazon.it, amazon.co.jp, amazon.nl, amazon.es, and amazon.co.uk.
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