Amazon.com, Inc. (NASDAQ:AMZN) is Wisconsin Capital Management LLC’s 10th Largest Position

Wisconsin Capital Management LLC grew its holdings in shares of Amazon.com, Inc. (NASDAQ:AMZN) by 8.5% during the 2nd quarter, according to its most recent Form 13F filing with the SEC. The firm owned 32,172 shares of the e-commerce giant’s stock after buying an additional 2,516 shares during the period. Amazon.com accounts for 3.2% of Wisconsin Capital Management LLC’s portfolio, making the stock its 10th biggest position. Wisconsin Capital Management LLC’s holdings in Amazon.com were worth $6,217,000 as of its most recent SEC filing.

A number of other large investors have also recently modified their holdings of the stock. Versor Investments LP purchased a new position in shares of Amazon.com in the 2nd quarter worth about $792,000. Carret Asset Management LLC grew its holdings in shares of Amazon.com by 1.2% in the second quarter. Carret Asset Management LLC now owns 62,279 shares of the e-commerce giant’s stock worth $12,035,000 after acquiring an additional 732 shares during the period. Providence First Trust Co grew its holdings in shares of Amazon.com by 3.3% in the second quarter. Providence First Trust Co now owns 16,695 shares of the e-commerce giant’s stock worth $3,226,000 after acquiring an additional 540 shares during the period. Verus Capital Partners LLC increased its position in Amazon.com by 0.3% during the second quarter. Verus Capital Partners LLC now owns 409,955 shares of the e-commerce giant’s stock valued at $79,224,000 after acquiring an additional 1,347 shares during the last quarter. Finally, Convergence Investment Partners LLC lifted its holdings in Amazon.com by 49.4% in the second quarter. Convergence Investment Partners LLC now owns 44,107 shares of the e-commerce giant’s stock valued at $8,524,000 after acquiring an additional 14,583 shares during the period. Institutional investors own 72.20% of the company’s stock.

Amazon.com Trading Down 0.9 %

NASDAQ AMZN opened at $186.33 on Tuesday. The company has a debt-to-equity ratio of 0.23, a current ratio of 1.10 and a quick ratio of 0.88. The stock has a market capitalization of $1.94 trillion, a P/E ratio of 52.19, a PEG ratio of 1.46 and a beta of 1.14. The firm’s 50-day moving average is $179.00 and its two-hundred day moving average is $182.74. Amazon.com, Inc. has a 12 month low of $118.35 and a 12 month high of $201.20.

Amazon.com (NASDAQ:AMZN) last posted its earnings results on Thursday, August 1st. The e-commerce giant reported $1.23 earnings per share for the quarter, beating the consensus estimate of $1.05 by $0.18. The firm had revenue of $147.98 billion during 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%. On average, sell-side analysts anticipate that Amazon.com, Inc. will post 4.86 earnings per share for the current year.

Insider Transactions at Amazon.com

In other news, insider Jeffrey P. Bezos sold 3,085,116 shares of the stock in a transaction dated Friday, July 5th. The stock was sold at an average price of $200.07, for a total value of $617,239,158.12. Following the transaction, the insider now owns 931,925,277 shares in the company, valued at approximately $186,450,290,169.39. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. In other Amazon.com news, insider Jeffrey P. Bezos sold 1,228,993 shares of the business’s stock in a transaction on Monday, July 8th. The shares were sold at an average price of $200.36, for a total value of $246,241,037.48. Following the transaction, the insider now directly owns 930,696,284 shares of the company’s stock, valued at approximately $186,474,307,462.24. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, insider Jeffrey P. Bezos sold 3,085,116 shares of the company’s stock in a transaction on Friday, July 5th. The stock was sold at an average price of $200.07, for a total transaction of $617,239,158.12. Following the transaction, the insider now owns 931,925,277 shares of the company’s stock, valued at approximately $186,450,290,169.39. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 4,634,860 shares of company stock valued at $926,639,482. 10.80% of the stock is currently owned by company insiders.

Wall Street Analysts Forecast Growth

A number of equities research analysts have issued reports on AMZN shares. Stifel Nicolaus cut their price target on Amazon.com from $228.00 to $224.00 and set a “buy” rating for the company in a research note on Friday, August 2nd. Bank of America cut their price objective on shares of Amazon.com from $220.00 to $210.00 and set a “buy” rating for the company in a report on Friday, August 2nd. JMP Securities raised their price objective on Amazon.com from $245.00 to $265.00 and gave the company a “market outperform” rating in a research report on Tuesday, September 3rd. JPMorgan Chase & Co. reduced their target price on Amazon.com from $240.00 to $230.00 and set an “overweight” rating on the stock in a report on Friday, August 2nd. Finally, Piper Sandler dropped their price target on Amazon.com from $220.00 to $215.00 and set an “overweight” rating for the company in a research note on Friday, August 2nd. One investment analyst has rated the stock with a hold rating, forty-one have given a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat, Amazon.com presently has a consensus rating of “Buy” and a consensus price target of $223.65.

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.