EPG Wealth Management LLC grew its stake in Amazon.com, Inc. (NASDAQ:AMZN – Get Rating) by 26.2% during the first quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 765 shares of the e-commerce giant’s stock after purchasing an additional 159 shares during the quarter. Amazon.com makes up about 0.9% of EPG Wealth Management LLC’s holdings, making the stock its 25th largest position. EPG Wealth Management LLC’s holdings in Amazon.com were worth $2,494,000 as of its most recent filing with the Securities & Exchange Commission.
A number of other hedge funds have also bought and sold shares of the business. State Street Corp increased its position in Amazon.com by 4.3% in the fourth quarter. State Street Corp now owns 17,021,616 shares of the e-commerce giant’s stock worth $56,755,855,000 after buying an additional 698,970 shares during the last quarter. Geode Capital Management LLC boosted its stake in Amazon.com by 2.8% during the fourth quarter. Geode Capital Management LLC now owns 7,193,360 shares of the e-commerce giant’s stock valued at $23,917,115,000 after buying an additional 195,716 shares during the period. Capital Research Global Investors boosted its stake in Amazon.com by 14.1% during the fourth quarter. Capital Research Global Investors now owns 4,574,546 shares of the e-commerce giant’s stock valued at $15,253,179,000 after buying an additional 564,699 shares during the period. Norges Bank bought a new stake in Amazon.com during the fourth quarter valued at $14,053,756,000. Finally, Castleview Partners LLC purchased a new position in shares of Amazon.com in the 4th quarter worth about $1,143,000. 57.15% of the stock is currently owned by institutional investors.
Insiders Place Their Bets
In other Amazon.com news, CEO Andrew R. Jassy sold 23,620 shares of Amazon.com stock in a transaction on Monday, August 15th. The shares were sold at an average price of $142.29, for a total value of $3,360,889.80. Following the completion of the transaction, the chief executive officer now directly owns 1,892,000 shares of the company’s stock, valued at approximately $269,212,680. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. In related news, CEO Andrew R. Jassy sold 23,620 shares of Amazon.com stock in a transaction dated Monday, August 15th. The shares were sold at an average price of $142.29, for a total transaction of $3,360,889.80. Following the completion of the transaction, the chief executive officer now directly owns 1,892,000 shares of the company’s stock, valued at approximately $269,212,680. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. Also, VP Shelley Reynolds sold 3,480 shares of Amazon.com stock in a transaction dated Monday, August 22nd. The stock was sold at an average price of $134.23, for a total transaction of $467,120.40. Following the transaction, the vice president now directly owns 119,780 shares of the company’s stock, valued at $16,078,069.40. The disclosure for this sale can be found here. Insiders sold 70,108 shares of company stock valued at $9,736,335 in the last three months. Corporate insiders own 12.70% of the company’s stock.
Amazon.com Stock Performance
Shares of NASDAQ:AMZN opened at $127.51 on Friday. Amazon.com, Inc. has a 52 week low of $101.26 and a 52 week high of $188.11. The stock has a market capitalization of $1.30 trillion, a P/E ratio of 114.31, a PEG ratio of 5.83 and a beta of 1.33. The firm has a fifty day simple moving average of $125.52 and a two-hundred day simple moving average of $132.89. The company has a quick ratio of 0.68, a current ratio of 0.95 and a debt-to-equity ratio of 0.44.
Amazon.com (NASDAQ:AMZN – Get Rating) last issued its quarterly earnings data on Thursday, July 28th. The e-commerce giant reported ($0.20) EPS for the quarter, missing analysts’ consensus estimates of $0.15 by ($0.35). Amazon.com had a return on equity of 15.79% and a net margin of 2.39%. The business had revenue of $121.23 billion during the quarter, compared to analysts’ expectations of $119.16 billion. During the same period in the previous year, the business earned $0.76 earnings per share. The business’s quarterly revenue was up 7.2% on a year-over-year basis. On average, analysts expect that Amazon.com, Inc. will post 0.98 earnings per share for the current fiscal year.
Analyst Ratings Changes
AMZN has been the topic of a number of recent research reports. Cowen increased their price target on shares of Amazon.com from $210.00 to $215.00 and gave the company an “outperform” rating in a research report on Friday, July 29th. JPMorgan Chase & Co. lowered their price objective on Amazon.com from $200.00 to $175.00 and set an “overweight” rating for the company in a research report on Wednesday, June 29th. Itau BBA Securities assumed coverage on Amazon.com in a research report on Tuesday, July 26th. They set an “outperform” rating and a $146.00 price objective for the company. Deutsche Bank Aktiengesellschaft lowered their price target on Amazon.com from $174.00 to $155.00 in a research report on Thursday, July 21st. Finally, JMP Securities lifted their price objective on Amazon.com from $172.50 to $180.00 and gave the stock a “market outperform” rating in a report on Friday, July 29th. Two equities research analysts have rated the stock with a sell rating, two have assigned a hold rating and thirty-seven have issued a buy rating to the company’s stock. According to data from MarketBeat.com, Amazon.com currently has an average rating of “Moderate Buy” and an average price target of $177.99.
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). It sells merchandise and content purchased for resale from third-party sellers through physical and online stores.
Receive News & Ratings for Amazon.com Daily – Enter your email address below to receive a concise daily summary of the latest news and analysts’ ratings for Amazon.com and related companies with MarketBeat.com’s FREE daily email newsletter.