Evolution Wealth Advisors LLC trimmed its stake in shares of Amazon.com, Inc. (NASDAQ:AMZN) by 0.4% during the second quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 3,898 shares of the e-commerce giant’s stock after selling 16 shares during the quarter. Amazon.com accounts for about 3.5% of Evolution Wealth Advisors LLC’s holdings, making the stock its 10th largest position. Evolution Wealth Advisors LLC’s holdings in Amazon.com were worth $10,754,000 as of its most recent filing with the SEC.
Several other large investors also recently added to or reduced their stakes in AMZN. Gantzert Investment Co. LLC ADV bought a new stake in shares of Amazon.com during the 2nd quarter valued at $28,000. Sofos Investments Inc. raised its stake in shares of Amazon.com by 120.0% during the 1st quarter. Sofos Investments Inc. now owns 121 shares of the e-commerce giant’s stock valued at $31,000 after purchasing an additional 66 shares during the period. Your Advocates Ltd. LLP bought a new stake in shares of Amazon.com during the 1st quarter valued at $37,000. James Investment Research Inc. bought a new stake in shares of Amazon.com during the 2nd quarter valued at $55,000. Finally, CBIZ Investment Advisory Services LLC raised its stake in shares of Amazon.com by 262.5% during the 1st quarter. CBIZ Investment Advisory Services LLC now owns 29 shares of the e-commerce giant’s stock valued at $57,000 after purchasing an additional 21 shares during the period. Institutional investors own 64.54% of the company’s stock.
In related news, CEO Andrew R. Jassy sold 6,945 shares of the company’s stock in a transaction dated Monday, May 4th. The shares were sold at an average price of $2,256.50, for a total value of $15,671,392.50. Following the transaction, the chief executive officer now owns 93,105 shares in the company, valued at approximately $210,091,432.50. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, Director Indra K. Nooyi purchased 27 shares of the company’s stock in a transaction that occurred on Wednesday, July 1st. The stock was purchased at an average price of $2,806.80 per share, for a total transaction of $75,783.60. Following the purchase, the director now owns 707 shares in the company, valued at $1,984,407.60. The disclosure for this purchase can be found here. Insiders own 16.10% of the company’s stock.
Shares of Amazon.com stock opened at $3,164.68 on Friday. The stock has a market cap of $1,578.47 billion, a price-to-earnings ratio of 121.67, a PEG ratio of 5.83 and a beta of 1.32. The firm’s 50-day moving average is $2,884.55 and its 200 day moving average is $2,314.52. Amazon.com, Inc. has a 1 year low of $1,626.03 and a 1 year high of $3,344.29. The company has a debt-to-equity ratio of 0.36, a current ratio of 1.08 and a quick ratio of 0.84.
Amazon.com (NASDAQ:AMZN) last announced its quarterly earnings results on Thursday, July 30th. The e-commerce giant reported $10.30 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $1.74 by $8.56. The company had revenue of $88.91 billion for the quarter, compared to analysts’ expectations of $81.56 billion. Amazon.com had a net margin of 4.10% and a return on equity of 21.51%. On average, equities analysts expect that Amazon.com, Inc. will post 20.12 EPS for the current fiscal year.
A number of analysts recently issued reports on the company. Piper Sandler upgraded Amazon.com to a “buy” rating in a research note on Monday, June 1st. Cowen boosted their target price on Amazon.com from $2,750.00 to $3,700.00 and gave the stock an “outperform” rating in a research report on Monday, July 13th. China International Capital boosted their target price on Amazon.com from $1,850.00 to $2,162.00 in a research report on Wednesday, May 6th. Telsey Advisory Group boosted their target price on Amazon.com from $2,800.00 to $3,600.00 and gave the stock an “outperform” rating in a research report on Monday, July 27th. Finally, Jefferies Financial Group boosted their target price on Amazon.com from $3,100.00 to $3,800.00 and gave the stock a “buy” rating in a research report on Monday, July 20th. One equities research analyst has rated the stock with a sell rating, six have given a hold rating, forty-five have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. Amazon.com has a consensus rating of “Buy” and a consensus target price of $3,240.51.
Amazon.com Company Profile
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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