Marks Wealth LLC Buys 160 Shares of Amazon.com, Inc. (NASDAQ:AMZN)

Marks Wealth LLC grew its holdings in Amazon.com, Inc. (NASDAQ:AMZN) by 13.1% in the 2nd quarter, according to the company in its most recent filing with the SEC. The firm owned 1,380 shares of the e-commerce giant’s stock after buying an additional 160 shares during the quarter. Amazon.com makes up about 0.1% of Marks Wealth LLC’s investment portfolio, making the stock its 13th largest holding. Marks Wealth LLC’s holdings in Amazon.com were worth $267,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also bought and sold shares of the business. Norges Bank purchased a new position in shares of Amazon.com in the 4th quarter valued at approximately $17,700,551,000. Vanguard Group Inc. lifted its stake in shares of Amazon.com by 1.9% in the 1st quarter. Vanguard Group Inc. now owns 785,811,114 shares of the e-commerce giant’s stock valued at $141,744,609,000 after purchasing an additional 14,724,687 shares during the period. Swedbank AB purchased a new position in shares of Amazon.com in the 1st quarter valued at approximately $2,239,757,000. Capital World Investors lifted its stake in shares of Amazon.com by 64.6% in the 1st quarter. Capital World Investors now owns 29,359,677 shares of the e-commerce giant’s stock valued at $5,295,899,000 after purchasing an additional 11,524,463 shares during the period. Finally, Capital Research Global Investors raised its stake in Amazon.com by 8.5% during the first quarter. Capital Research Global Investors now owns 86,982,857 shares of the e-commerce giant’s stock valued at $15,689,968,000 after buying an additional 6,810,145 shares during the last quarter. Hedge funds and other institutional investors own 72.20% of the company’s stock.

Amazon.com Stock Up 1.3 %

Shares of AMZN stock opened at $187.00 on Friday. Amazon.com, Inc. has a twelve month low of $118.35 and a twelve month high of $201.20. The stock has a market cap of $1.95 trillion, a P/E ratio of 52.38, a P/E/G ratio of 1.29 and a beta of 1.14. The stock has a 50 day moving average of $179.78 and a 200 day moving average of $181.48. The company has a current ratio of 1.10, a quick ratio of 0.88 and a debt-to-equity ratio of 0.23.

Amazon.com (NASDAQ:AMZN) last announced its quarterly earnings results on Thursday, August 1st. The e-commerce giant reported $1.23 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.05 by $0.18. The firm had revenue of $147.98 billion for the quarter, compared to the consensus estimate of $148.63 billion. Amazon.com had a net margin of 7.35% and a return on equity of 21.39%. As a group, sell-side analysts expect that Amazon.com, Inc. will post 4.86 EPS for the current year.

Insider Buying and Selling

In other Amazon.com news, CEO Andrew R. Jassy sold 20,784 shares of the company’s stock in a transaction on Wednesday, August 21st. The shares were sold at an average price of $180.77, for a total transaction of $3,757,123.68. Following the completion of the transaction, the chief executive officer now directly owns 2,056,534 shares in the company, valued at $371,759,651.18. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. In other news, CFO Brian T. Olsavsky sold 14,600 shares of the company’s stock in a transaction on Wednesday, August 21st. The shares were sold at an average price of $180.00, for a total transaction of $2,628,000.00. Following the completion of the sale, the chief financial officer now owns 49,000 shares of the company’s stock, valued at $8,820,000. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. Also, CEO Andrew R. Jassy sold 20,784 shares of the company’s stock in a transaction on Wednesday, August 21st. The stock was sold at an average price of $180.77, for a total transaction of $3,757,123.68. Following the sale, the chief executive officer now directly owns 2,056,534 shares of the company’s stock, valued at approximately $371,759,651.18. The disclosure for this sale can be found here. In the last quarter, insiders sold 6,104,317 shares of company stock valued at $1,220,621,322. 10.80% of the stock is owned by corporate insiders.

Wall Street Analyst Weigh In

AMZN has been the subject of a number of recent research reports. JMP Securities lifted their price objective on Amazon.com from $245.00 to $265.00 and gave the company a “market outperform” rating in a research note on Tuesday, September 3rd. Itau BBA Securities lowered shares of Amazon.com from an “outperform” rating to a “market perform” rating and set a $186.00 price objective for the company. in a research note on Friday, August 2nd. Needham & Company LLC reiterated a “buy” rating and issued a $210.00 target price on shares of Amazon.com in a research note on Thursday. Royal Bank of Canada reiterated an “outperform” rating and issued a $215.00 price objective on shares of Amazon.com in a report on Friday, August 2nd. Finally, TD Cowen increased their price target on Amazon.com from $225.00 to $245.00 and gave the company a “buy” rating in a report on Wednesday, July 10th. One analyst has rated the stock with a hold rating, forty have assigned a buy rating and two have issued a strong buy rating to the stock. Based on data from MarketBeat.com, the company has an average rating of “Buy” and an average target price of $222.49.

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.