Catalyst Private Wealth LLC increased its stake in shares of Amazon.com, Inc. (NASDAQ:AMZN – Free Report) by 2.1% in the 2nd quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 7,805 shares of the e-commerce giant’s stock after purchasing an additional 163 shares during the quarter. Amazon.com makes up approximately 0.8% of Catalyst Private Wealth LLC’s portfolio, making the stock its 24th largest position. Catalyst Private Wealth LLC’s holdings in Amazon.com were worth $1,508,000 as of its most recent SEC filing.
A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in the stock. GUNN & Co INVESTMENT MANAGEMENT INC. grew its stake in shares of Amazon.com by 291.8% in the 4th quarter. GUNN & Co INVESTMENT MANAGEMENT INC. now owns 28,995 shares of the e-commerce giant’s stock valued at $4,406,000 after buying an additional 21,595 shares in the last quarter. Milestone Resources Group Ltd lifted its stake in Amazon.com by 13.2% in the fourth quarter. Milestone Resources Group Ltd now owns 893,282 shares of the e-commerce giant’s stock valued at $135,725,000 after acquiring an additional 104,058 shares during the last quarter. Morling Financial Advisors LLC grew its position in Amazon.com by 2.4% in the fourth quarter. Morling Financial Advisors LLC now owns 6,878 shares of the e-commerce giant’s stock worth $1,045,000 after acquiring an additional 160 shares in the last quarter. Magnolia Capital Advisors LLC acquired a new position in shares of Amazon.com during the 4th quarter worth $3,436,000. Finally, Atria Wealth Solutions Inc. raised its holdings in shares of Amazon.com by 3.0% during the 4th quarter. Atria Wealth Solutions Inc. now owns 696,968 shares of the e-commerce giant’s stock valued at $105,897,000 after purchasing an additional 20,488 shares in the last quarter. 72.20% of the stock is owned by hedge funds and other institutional investors.
Analyst Upgrades and Downgrades
Several research firms have commented on AMZN. TD Cowen increased their target price on shares of Amazon.com from $225.00 to $245.00 and gave the stock a “buy” rating in a research report on Wednesday, July 10th. Truist Financial increased their price objective on Amazon.com from $220.00 to $230.00 and gave the company a “buy” rating in a report on Monday, July 22nd. Robert W. Baird boosted their target price on Amazon.com from $210.00 to $213.00 and gave the stock an “outperform” rating in a report on Friday, June 21st. Benchmark reiterated a “buy” rating and set a $200.00 price target on shares of Amazon.com in a report on Friday, August 2nd. Finally, Piper Sandler decreased their price objective on shares of Amazon.com from $220.00 to $215.00 and set an “overweight” rating for the company in a report on Friday, August 2nd. One equities research analyst has rated the stock with a hold rating, forty have given a buy rating and two have issued a strong buy rating to the stock. According to MarketBeat, Amazon.com presently has a consensus rating of “Buy” and an average target price of $222.49.
View Our Latest Report on AMZN
Insider Buying and Selling
In other Amazon.com news, VP Shelley Reynolds sold 3,791 shares of Amazon.com stock in a transaction on Wednesday, August 21st. The stock was sold at an average price of $181.04, for a total value of $686,322.64. Following the completion of the transaction, the vice president now owns 121,461 shares in the company, valued at approximately $21,989,299.44. The sale was disclosed in a filing with the SEC, which is available at the SEC website. In related news, VP Shelley Reynolds sold 3,791 shares of Amazon.com stock in a transaction dated Wednesday, August 21st. The stock was sold at an average price of $181.04, for a total value of $686,322.64. Following the completion of the sale, the vice president now directly owns 121,461 shares in the company, valued at $21,989,299.44. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Also, insider Jeffrey P. Bezos sold 1,228,993 shares of the company’s stock in a transaction dated Monday, July 8th. The shares were sold at an average price of $200.36, for a total transaction of $246,241,037.48. Following the transaction, the insider now owns 930,696,284 shares in the company, valued at $186,474,307,462.24. The disclosure for this sale can be found here. Insiders have sold a total of 6,104,317 shares of company stock worth $1,220,621,322 in the last three months. Insiders own 10.80% of the company’s stock.
Amazon.com Stock Up 1.3 %
Shares of NASDAQ:AMZN opened at $187.00 on Friday. The company’s fifty day moving average is $179.78 and its 200-day moving average is $181.48. The company has a debt-to-equity ratio of 0.23, a quick ratio of 0.88 and a current ratio of 1.10. Amazon.com, Inc. has a 52 week low of $118.35 and a 52 week high of $201.20. The company has a market capitalization of $1.95 trillion, a PE ratio of 52.38, a P/E/G ratio of 1.29 and a beta of 1.14.
Amazon.com (NASDAQ:AMZN – Get Free Report) last released its quarterly earnings results on Thursday, August 1st. The e-commerce giant reported $1.23 EPS for the quarter, beating analysts’ consensus estimates of $1.05 by $0.18. The firm had revenue of $147.98 billion for the quarter, compared to analyst estimates of $148.63 billion. Amazon.com had a net margin of 7.35% and a return on equity of 21.39%. Equities research analysts predict that Amazon.com, Inc. will post 4.86 earnings per share for the current fiscal year.
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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