FFT Wealth Management LLC Increases Stock Holdings in Amazon.com, Inc. (NASDAQ:AMZN)

FFT Wealth Management LLC raised its stake in Amazon.com, Inc. (NASDAQ:AMZN) by 6.0% in the second quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 30,749 shares of the e-commerce giant’s stock after acquiring an additional 1,745 shares during the quarter. Amazon.com makes up 0.5% of FFT Wealth Management LLC’s portfolio, making the stock its 25th biggest holding. FFT Wealth Management LLC’s holdings in Amazon.com were worth $5,942,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds also recently modified their holdings of the company. LGL Partners LLC grew its position in shares of Amazon.com by 20.5% in the second quarter. LGL Partners LLC now owns 15,494 shares of the e-commerce giant’s stock valued at $2,994,000 after purchasing an additional 2,638 shares during the period. Elevated Capital Advisors LLC grew its holdings in Amazon.com by 4.4% in the 2nd quarter. Elevated Capital Advisors LLC now owns 11,036 shares of the e-commerce giant’s stock valued at $2,133,000 after buying an additional 466 shares during the period. Union Savings Bank increased its stake in shares of Amazon.com by 4.6% during the 2nd quarter. Union Savings Bank now owns 8,227 shares of the e-commerce giant’s stock valued at $1,590,000 after acquiring an additional 360 shares during the last quarter. OAKMONT Corp boosted its position in shares of Amazon.com by 20.3% in the second quarter. OAKMONT Corp now owns 430,517 shares of the e-commerce giant’s stock worth $83,197,000 after acquiring an additional 72,576 shares during the last quarter. Finally, LCM Capital Management Inc grew its holdings in Amazon.com by 1.5% in the second quarter. LCM Capital Management Inc now owns 18,919 shares of the e-commerce giant’s stock valued at $3,656,000 after purchasing an additional 286 shares during the period. 72.20% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

A number of brokerages have weighed in on AMZN. Barclays lifted their price target on shares of Amazon.com from $220.00 to $235.00 and gave the company an “overweight” rating in a report on Friday, August 2nd. Evercore ISI upped their price target on Amazon.com from $225.00 to $240.00 and gave the stock an “outperform” rating in a research note on Friday, September 20th. Cantor Fitzgerald restated an “overweight” rating and issued a $230.00 price objective on shares of Amazon.com in a report on Monday, September 23rd. Wells Fargo & Company cut their price target on shares of Amazon.com from $232.00 to $225.00 and set an “overweight” rating on the stock in a report on Monday, August 26th. Finally, Roth Mkm boosted their price objective on shares of Amazon.com from $210.00 to $215.00 and gave the stock a “buy” rating in a research note on Friday, August 2nd. One research 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 stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Buy” and a consensus price target of $222.84.

Amazon.com Trading Down 1.7 %

NASDAQ:AMZN opened at $187.97 on Monday. Amazon.com, Inc. has a 52 week low of $118.35 and a 52 week high of $201.20. The company has a quick ratio of 0.88, a current ratio of 1.10 and a debt-to-equity ratio of 0.23. The company has a market cap of $1.96 trillion, a PE ratio of 52.65, a P/E/G ratio of 1.46 and a beta of 1.14. The business’s 50 day moving average is $178.92 and its two-hundred day moving average is $182.68.

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

Insider Activity at Amazon.com

In other news, SVP David Zapolsky sold 2,190 shares of the stock in a transaction that occurred on Tuesday, September 24th. The stock was sold at an average price of $195.00, for a total transaction of $427,050.00. Following the sale, the senior vice president now directly owns 62,420 shares in the company, valued at approximately $12,171,900. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. In other Amazon.com news, insider Jeffrey P. Bezos sold 3,085,116 shares of the firm’s stock in a transaction that occurred on Friday, July 5th. The shares were sold at an average price of $200.07, for a total value of $617,239,158.12. Following the sale, the insider now owns 931,925,277 shares in the company, valued at $186,450,290,169.39. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, SVP David Zapolsky sold 2,190 shares of Amazon.com stock in a transaction that occurred on Tuesday, September 24th. The shares were sold at an average price of $195.00, for a total value of $427,050.00. Following the sale, the senior vice president now directly owns 62,420 shares in the company, valued at approximately $12,171,900. The disclosure for this sale can be found here. Insiders sold a total of 6,098,297 shares of company stock valued at $1,219,443,957 in the last quarter. 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.