Significant Wealth Partners LLC Grows Stock Position in Amazon.com, Inc. (NASDAQ:AMZN)

Significant Wealth Partners LLC boosted its position in shares of Amazon.com, Inc. (NASDAQ:AMZN) by 15.3% in the 2nd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 2,167 shares of the e-commerce giant’s stock after buying an additional 287 shares during the quarter. Amazon.com accounts for approximately 0.2% of Significant Wealth Partners LLC’s investment portfolio, making the stock its 25th largest position. Significant Wealth Partners LLC’s holdings in Amazon.com were worth $419,000 at the end of the most recent reporting period.

A number of other hedge funds have also bought and sold shares of the company. TSA Wealth Managment LLC boosted its position in shares of Amazon.com by 55.7% during the second quarter. TSA Wealth Managment LLC now owns 2,057 shares of the e-commerce giant’s stock valued at $398,000 after buying an additional 736 shares during the period. Valley Brook Capital Group Inc. boosted its holdings in Amazon.com by 13.2% during the 2nd quarter. Valley Brook Capital Group Inc. now owns 12,734 shares of the e-commerce giant’s stock valued at $2,461,000 after acquiring an additional 1,487 shares during the period. Wright Investors Service Inc. grew its position in Amazon.com by 9.4% in the 2nd quarter. Wright Investors Service Inc. now owns 61,449 shares of the e-commerce giant’s stock valued at $11,875,000 after acquiring an additional 5,290 shares during the last quarter. Fort Pitt Capital Group LLC lifted its position in shares of Amazon.com by 1,527.3% during the second quarter. Fort Pitt Capital Group LLC now owns 348,481 shares of the e-commerce giant’s stock worth $67,344,000 after purchasing an additional 327,066 shares during the last quarter. Finally, Zimmermann Investment Management & Planning LLC boosted its stake in shares of Amazon.com by 0.6% during the second quarter. Zimmermann Investment Management & Planning LLC now owns 30,395 shares of the e-commerce giant’s stock valued at $5,874,000 after purchasing an additional 190 shares during the period. Institutional investors own 72.20% of the company’s stock.

Amazon.com Stock Up 0.9 %

Shares of AMZN stock opened at $191.60 on Friday. 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 fifty-two week low of $118.35 and a fifty-two week high of $201.20. The firm has a market capitalization of $1.99 trillion, a PE ratio of 53.67, a P/E/G ratio of 1.39 and a beta of 1.14. The stock’s 50-day simple moving average is $178.54 and its 200-day simple moving average is $181.98.

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

Wall Street Analyst Weigh In

Several research analysts recently commented on the stock. Wells Fargo & Company reduced their price target on shares of Amazon.com from $232.00 to $225.00 and set an “overweight” rating on the stock in a research note on Monday, August 26th. Bank of America lowered their price target on Amazon.com from $220.00 to $210.00 and set a “buy” rating for the company in a report on Friday, August 2nd. Roth Mkm raised their price target on Amazon.com from $210.00 to $215.00 and gave the company a “buy” rating in a research note on Friday, August 2nd. Rosenblatt Securities boosted their price target on shares of Amazon.com from $220.00 to $221.00 and gave the company a “buy” rating in a report on Friday, August 2nd. Finally, Robert W. Baird increased their price objective on shares of Amazon.com from $210.00 to $213.00 and gave the company an “outperform” rating in a research note on Friday, June 21st. One research analyst has rated the stock with a hold rating, forty have given a buy rating and two have assigned a strong buy rating to the stock. According to data from MarketBeat, the stock has an average rating of “Buy” and an average price target of $222.84.

Insider Buying and Selling

In other Amazon.com 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 value of $2,628,000.00. Following the sale, the chief financial officer now directly owns 49,000 shares of the company’s stock, valued at $8,820,000. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. In other news, CFO Brian T. Olsavsky sold 14,600 shares of the business’s stock in a transaction dated Wednesday, August 21st. The stock was sold at an average price of $180.00, for a total value of $2,628,000.00. Following the completion of the transaction, the chief financial officer now owns 49,000 shares of the company’s stock, valued at approximately $8,820,000. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Also, CEO Andrew R. Jassy sold 20,784 shares of the company’s stock in a transaction dated Wednesday, August 21st. The stock was sold at an average price of $180.77, for a total value of $3,757,123.68. Following the completion of the sale, the chief executive officer now owns 2,056,534 shares in the company, valued at approximately $371,759,651.18. The disclosure for this sale can be found here. Insiders sold a total of 6,104,317 shares of company stock valued at $1,220,621,322 over the last 90 days. Insiders own 10.80% of the company’s stock.

Amazon.com 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.