Centric Wealth Management grew its stake in shares of Amazon.com, Inc. (NASDAQ:AMZN – Get Rating) by 1,940.0% during the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 26,398 shares of the e-commerce giant’s stock after purchasing an additional 25,104 shares during the period. Amazon.com makes up 1.0% of Centric Wealth Management’s investment portfolio, making the stock its 16th biggest holding. Centric Wealth Management’s holdings in Amazon.com were worth $2,804,000 as of its most recent filing with the Securities and Exchange Commission.
A number of other institutional investors and hedge funds also recently made changes to their positions in the business. Vanguard Group Inc. increased its stake in Amazon.com by 1.6% in the 1st quarter. Vanguard Group Inc. now owns 33,965,498 shares of the e-commerce giant’s stock valued at $110,725,825,000 after buying an additional 543,744 shares during the last quarter. State Street Corp increased its stake in Amazon.com by 4.3% in the 4th quarter. State Street Corp now owns 17,021,616 shares of the e-commerce giant’s stock valued at $56,755,855,000 after buying an additional 698,970 shares during the last quarter. Geode Capital Management LLC increased its stake in Amazon.com by 2.8% in the 4th 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 last quarter. Capital Research Global Investors increased its stake in Amazon.com by 14.0% in the 1st quarter. Capital Research Global Investors now owns 5,213,777 shares of the e-commerce giant’s stock valued at $16,996,815,000 after buying an additional 639,231 shares during the last quarter. Finally, Norges Bank purchased a new stake in Amazon.com in the 4th quarter valued at about $14,053,756,000. Institutional investors and hedge funds own 57.15% of the company’s stock.
Amazon.com Price Performance
Shares of NASDAQ:AMZN opened at $123.53 on Friday. The stock has a market cap of $1.26 trillion, a PE ratio of 110.74, a PEG ratio of 5.63 and a beta of 1.33. Amazon.com, Inc. has a 52 week low of $101.26 and a 52 week high of $188.11. The company has a quick ratio of 0.68, a current ratio of 0.95 and a debt-to-equity ratio of 0.44. The company’s fifty day moving average is $129.52 and its 200 day moving average is $130.86.
Amazon.com (NASDAQ:AMZN – Get Rating) last announced its quarterly earnings results on Thursday, July 28th. The e-commerce giant reported ($0.20) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.15 by ($0.35). The firm had revenue of $121.23 billion during the quarter, compared to the consensus estimate of $119.16 billion. Amazon.com had a return on equity of 15.79% and a net margin of 2.39%. Amazon.com’s revenue was up 7.2% on a year-over-year basis. During the same period last year, the business earned $0.76 EPS. Research analysts anticipate that Amazon.com, Inc. will post 0.99 earnings per share for the current year.
Wall Street Analyst Weigh In
AMZN has been the subject of several analyst reports. Cowen increased their price objective on shares of Amazon.com from $210.00 to $215.00 and gave the company an “outperform” rating in a research note on Friday, July 29th. Stifel Nicolaus reduced their target price on shares of Amazon.com from $190.00 to $185.00 in a research report on Friday, July 15th. Loop Capital reduced their target price on shares of Amazon.com from $187.50 to $141.25 and set a “buy” rating for the company in a research report on Friday, May 27th. JMP Securities increased their target price on shares of Amazon.com from $172.50 to $180.00 and gave the company a “market outperform” rating in a research report on Friday, July 29th. Finally, Barclays increased their target price on shares of Amazon.com from $195.00 to $200.00 and gave the company an “overweight” rating in a research report on Friday, July 29th. Two investment analysts have rated the stock with a sell rating, two have given a hold rating and thirty-six have assigned a buy rating to the stock. According to data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average price target of $176.61.
Insiders Place Their Bets
In other news, CEO Adam Selipsky sold 520 shares of Amazon.com stock in a transaction dated Wednesday, September 14th. The shares were sold at an average price of $127.43, for a total transaction of $66,263.60. Following the sale, the chief executive officer now owns 115,680 shares of the company’s stock, valued at approximately $14,741,102.40. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. In other Amazon.com news, CEO Douglas J. Herrington sold 7,448 shares of Amazon.com stock in a transaction dated Monday, August 22nd. The shares were sold at an average price of $134.25, for a total value of $999,894.00. Following the completion of the transaction, the chief executive officer now directly owns 498,572 shares of the company’s stock, valued at $66,933,291. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, CEO Adam Selipsky sold 520 shares of Amazon.com stock in a transaction dated Wednesday, September 14th. The stock was sold at an average price of $127.43, for a total transaction of $66,263.60. Following the completion of the transaction, the chief executive officer now directly owns 115,680 shares of the company’s stock, valued at $14,741,102.40. The disclosure for this sale can be found here. Insiders have sold a total of 70,628 shares of company stock valued at $9,802,599 in the last quarter. Insiders own 12.70% of the company’s stock.
About Amazon.com
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.
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