TRUE Private Wealth Advisors Boosts Holdings in Amazon.com, Inc. (NASDAQ:AMZN)

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TRUE Private Wealth Advisors increased its stake in Amazon.com, Inc. (NASDAQ:AMZN) by 1.4% in the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 1,188 shares of the e-commerce giant’s stock after buying an additional 16 shares during the period. TRUE Private Wealth Advisors’ holdings in Amazon.com were worth $2,249,000 at the end of the most recent reporting period.

Several other large investors also recently modified their holdings of the stock. Gulf International Bank UK Ltd increased its stake in Amazon.com by 0.5% during the second quarter. Gulf International Bank UK Ltd now owns 98,957 shares of the e-commerce giant’s stock valued at $187,387,000 after purchasing an additional 480 shares during the last quarter. Weiss Asset Management LP bought a new stake in Amazon.com during the first quarter valued at $214,000. Davy Asset Management Ltd acquired a new position in shares of Amazon.com during the second quarter valued at $3,528,000. Evanson Asset Management LLC boosted its holdings in shares of Amazon.com by 1.3% during the second quarter. Evanson Asset Management LLC now owns 4,493 shares of the e-commerce giant’s stock valued at $8,508,000 after acquiring an additional 59 shares during the period. Finally, Corundum Group Inc. acquired a new position in shares of Amazon.com during the fourth quarter valued at $888,000. Institutional investors and hedge funds own 57.26% of the company’s stock.

Shares of Amazon.com stock opened at $1,823.54 on Thursday. The company has a current ratio of 1.10, a quick ratio of 0.84 and a debt-to-equity ratio of 0.44. The company’s 50-day moving average price is $1,898.84 and its two-hundred day moving average price is $1,817.79. Amazon.com, Inc. has a 52 week low of $1,307.00 and a 52 week high of $2,050.50. The stock has a market cap of $898.35 billion, a PE ratio of 90.54, a price-to-earnings-growth ratio of 2.30 and a beta of 1.55.

Amazon.com (NASDAQ:AMZN) last issued its quarterly earnings results on Thursday, July 25th. The e-commerce giant reported $5.22 EPS for the quarter, missing the consensus estimate of $5.29 by ($0.07). Amazon.com had a return on equity of 26.27% and a net margin of 4.80%. The business had revenue of $63.40 billion during the quarter, compared to the consensus estimate of $62.59 billion. During the same quarter last year, the firm posted $5.07 earnings per share. Amazon.com’s revenue was up 19.9% compared to the same quarter last year. On average, equities analysts predict that Amazon.com, Inc. will post 24.52 EPS for the current fiscal year.

Several equities analysts have recently issued reports on AMZN shares. JPMorgan Chase & Co. reissued a “buy” rating on shares of Amazon.com in a report on Monday, July 29th. Credit Suisse Group reissued an “outperform” rating and set a $2,250.00 price target (up previously from $2,200.00) on shares of Amazon.com in a report on Wednesday, July 24th. DA Davidson boosted their price target on shares of Amazon.com to $2,550.00 and gave the company a “buy” rating in a report on Friday, April 26th. Raymond James set a $2,080.00 price target on shares of Amazon.com and gave the company an “outperform” rating in a report on Friday, July 26th. Finally, Zacks Investment Research downgraded shares of Amazon.com from a “buy” rating to a “hold” rating in a report on Monday, April 29th. One research analyst has rated the stock with a sell rating, two have assigned a hold rating and forty-two have given a buy rating to the stock. The company currently has a consensus rating of “Buy” and an average target price of $2,251.95.

In other Amazon.com news, CEO Andrew R. Jassy sold 7,308 shares of the business’s stock in a transaction dated Wednesday, July 10th. The shares were sold at an average price of $2,000.00, for a total value of $14,616,000.00. Following the sale, the chief executive officer now directly owns 92,614 shares in the company, valued at $185,228,000. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, CEO Jeffrey A. Wilke sold 3,475 shares of the business’s stock in a transaction dated Thursday, August 15th. The stock was sold at an average price of $1,773.99, for a total transaction of $6,164,615.25. Following the completion of the sale, the chief executive officer now owns 10,000 shares in the company, valued at $17,739,900. The disclosure for this sale can be found here. Over the last quarter, insiders sold 14,570 shares of company stock worth $27,690,021. 16.10% of the stock is owned by company insiders.

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

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