Integrated Wealth Concepts LLC raised its position in Amazon.com, Inc. (NASDAQ:AMZN) by 4.4% in the 2nd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 978 shares of the e-commerce giant’s stock after acquiring an additional 41 shares during the quarter. Integrated Wealth Concepts LLC’s holdings in Amazon.com were worth $1,676,000 at the end of the most recent quarter.
A number of other large investors have also recently modified their holdings of AMZN. Vista Equity Partners Management LLC grew its position in shares of Amazon.com by 44.3% during the first quarter. Vista Equity Partners Management LLC now owns 12,827 shares of the e-commerce giant’s stock worth $18,565,000 after buying an additional 3,936 shares in the last quarter. Steward Partners Investment Advisory LLC grew its position in shares of Amazon.com by 5.5% during the second quarter. Steward Partners Investment Advisory LLC now owns 25,537 shares of the e-commerce giant’s stock worth $43,408,000 after buying an additional 1,342 shares in the last quarter. Berkshire Capital Holdings Inc. acquired a new stake in shares of Amazon.com during the first quarter worth approximately $17,715,000. Howard Capital Management Inc. grew its position in shares of Amazon.com by 182.5% during the first quarter. Howard Capital Management Inc. now owns 613 shares of the e-commerce giant’s stock worth $879,000 after buying an additional 396 shares in the last quarter. Finally, InterOcean Capital LLC acquired a new stake in shares of Amazon.com during the first quarter worth approximately $476,000. 57.31% of the stock is owned by institutional investors.
In related news, insider Jeffrey M. Blackburn sold 4,108 shares of Amazon.com stock in a transaction dated Wednesday, August 29th. The shares were sold at an average price of $1,952.10, for a total transaction of $8,019,226.80. Following the sale, the insider now directly owns 42,874 shares in the company, valued at $83,694,335.40. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Also, CEO Jeffrey A. Wilke sold 2,000 shares of Amazon.com stock in a transaction dated Wednesday, September 12th. The shares were sold at an average price of $1,981.72, for a total transaction of $3,963,440.00. Following the sale, the chief executive officer now owns 10,000 shares in the company, valued at $19,817,200. The disclosure for this sale can be found here. Insiders sold 25,308 shares of company stock worth $47,905,498 over the last quarter. 16.30% of the stock is currently owned by company insiders.
Amazon.com (NASDAQ:AMZN) last posted its earnings results on Thursday, July 26th. The e-commerce giant reported $5.07 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $2.49 by $2.58. The company had revenue of $52.89 billion for the quarter, compared to analysts’ expectations of $53.37 billion. Amazon.com had a return on equity of 18.47% and a net margin of 3.02%. The firm’s quarterly revenue was up 39.3% compared to the same quarter last year. During the same period last year, the business posted $0.40 earnings per share. As a group, analysts predict that Amazon.com, Inc. will post 17.79 EPS for the current year.
A number of research firms have recently weighed in on AMZN. Piper Jaffray Companies reissued an “overweight” rating and set a $2,100.00 price target (up previously from $2,075.00) on shares of Amazon.com in a research report on Friday, July 27th. Macquarie reissued a “buy” rating on shares of Amazon.com in a research report on Wednesday, August 15th. Jefferies Financial Group reissued a “buy” rating on shares of Amazon.com in a research report on Thursday, August 23rd. Canaccord Genuity reissued a “buy” rating and set a $2,000.00 price target (up previously from $1,800.00) on shares of Amazon.com in a research report on Thursday, July 12th. Finally, BidaskClub raised shares of Amazon.com from a “buy” rating to a “strong-buy” rating in a research report on Tuesday, July 17th. Four investment analysts have rated the stock with a hold rating and forty-nine have given a buy rating to the company. The stock has a consensus rating of “Buy” and an average price target of $2,008.73.
Amazon.com Company Profile
Amazon.com, Inc engages in the retail sale of consumer products and subscriptions in North America and internationally. The company operates through three segments: North America, International, and Amazon Web Services (AWS) segments. It sells merchandise and content purchased for resale from vendors, as well as those offered by third-party sellers through physical stores and retail Websites, such as amazon.com, amazon.ca, amazon.com.mx, amazon.com.au, amazon.com.br, amazon.cn, amazon.fr, amazon.de, amazon.in, amazon.it, amazon.co.jp, amazon.nl, amazon.es, and amazon.co.uk.
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