Actinver Wealth Management Inc. Has $1.15 Million Stake in Amazon.com, Inc. (NASDAQ:AMZN)

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Actinver Wealth Management Inc. decreased its holdings in shares of Amazon.com, Inc. (NASDAQ:AMZN) by 16.8% in the 2nd quarter, Holdings Channel reports. The institutional investor owned 415 shares of the e-commerce giant’s stock after selling 84 shares during the period. Amazon.com accounts for about 1.4% of Actinver Wealth Management Inc.’s portfolio, making the stock its 22nd biggest position. Actinver Wealth Management Inc.’s holdings in Amazon.com were worth $1,145,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also recently modified their holdings of the stock. Jacobi Capital Management LLC grew its holdings in Amazon.com by 35.5% during the second quarter. Jacobi Capital Management LLC now owns 763 shares of the e-commerce giant’s stock valued at $2,105,000 after purchasing an additional 200 shares during the period. Peoples Bank OH grew its holdings in Amazon.com by 2.2% during the second quarter. Peoples Bank OH now owns 505 shares of the e-commerce giant’s stock valued at $1,393,000 after purchasing an additional 11 shares during the period. Parisi Gray Wealth Management grew its holdings in Amazon.com by 3.4% during the second quarter. Parisi Gray Wealth Management now owns 956 shares of the e-commerce giant’s stock valued at $2,637,000 after purchasing an additional 31 shares during the period. Nissay Asset Management Corp Japan ADV grew its holdings in Amazon.com by 7.3% during the second quarter. Nissay Asset Management Corp Japan ADV now owns 50,193 shares of the e-commerce giant’s stock valued at $138,473,000 after purchasing an additional 3,402 shares during the period. Finally, OLD National Bancorp IN grew its holdings in Amazon.com by 1.4% during the second quarter. OLD National Bancorp IN now owns 14,349 shares of the e-commerce giant’s stock valued at $39,586,000 after purchasing an additional 199 shares during the period. Hedge funds and other institutional investors own 64.54% of the company’s stock.

AMZN opened at $3,164.68 on Friday. The stock has a fifty day moving average of $2,884.55 and a 200-day moving average of $2,314.52. The company has a market capitalization of $1,578.47 billion, a P/E ratio of 121.67, a P/E/G ratio of 5.83 and a beta of 1.32. Amazon.com, Inc. has a fifty-two week low of $1,626.03 and a fifty-two week high of $3,344.29. The company has a debt-to-equity ratio of 0.36, a quick ratio of 0.84 and a current ratio of 1.08.

Amazon.com (NASDAQ:AMZN) last released its quarterly earnings results on Thursday, July 30th. The e-commerce giant reported $10.30 EPS for the quarter, topping analysts’ consensus estimates of $1.74 by $8.56. The business had revenue of $88.91 billion for the quarter, compared to analyst estimates of $81.56 billion. Amazon.com had a net margin of 4.10% and a return on equity of 21.51%. On average, equities research analysts predict that Amazon.com, Inc. will post 20.12 earnings per share for the current fiscal year.

A number of research analysts recently issued reports on AMZN shares. Jefferies Financial Group boosted their price objective on shares of Amazon.com from $3,100.00 to $3,800.00 and gave the company a “buy” rating in a report on Monday, July 20th. KeyCorp lifted their price target on shares of Amazon.com from $3,285.00 to $3,500.00 and gave the company an “overweight” rating in a research note on Friday. Citigroup lifted their price target on shares of Amazon.com from $2,700.00 to $3,550.00 and gave the company a “buy” rating in a research note on Friday, July 10th. Guggenheim lifted their price target on shares of Amazon.com from $2,700.00 to $3,600.00 in a research note on Friday. Finally, Robert W. Baird lifted their price target on shares of Amazon.com from $3,000.00 to $3,500.00 in a research note on Friday. One equities research analyst has rated the stock with a sell rating, six have assigned a hold rating, forty-five have issued a buy rating and one has given a strong buy rating to the company’s stock. Amazon.com presently has an average rating of “Buy” and a consensus price target of $3,240.51.

In related news, CEO Andrew R. Jassy sold 6,945 shares of the business’s stock in a transaction dated Monday, May 4th. The stock was sold at an average price of $2,256.50, for a total value of $15,671,392.50. Following the completion of the transaction, the chief executive officer now owns 93,105 shares of the company’s stock, valued at $210,091,432.50. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, Director Patricia Q. Stonesifer sold 2,200 shares of the company’s stock in a transaction that occurred on Wednesday, May 6th. The stock was sold at an average price of $2,329.44, for a total transaction of $5,124,768.00. Following the sale, the director now directly owns 4,645 shares of the company’s stock, valued at approximately $10,820,248.80. The disclosure for this sale can be found here. 16.10% of the stock is currently owned by insiders.

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

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