Wright Investors Service Inc. Acquires 5,290 Shares of Amazon.com, Inc. (NASDAQ:AMZN)

Wright Investors Service Inc. lifted its holdings in shares of Amazon.com, Inc. (NASDAQ:AMZN) by 9.4% in the second quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 61,449 shares of the e-commerce giant’s stock after buying an additional 5,290 shares during the period. Amazon.com comprises about 3.1% of Wright Investors Service Inc.’s portfolio, making the stock its 5th biggest holding. Wright Investors Service Inc.’s holdings in Amazon.com were worth $11,875,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also modified their holdings of AMZN. Collective Family Office LLC increased its holdings in Amazon.com by 9.7% in the 1st quarter. Collective Family Office LLC now owns 9,278 shares of the e-commerce giant’s stock worth $1,674,000 after purchasing an additional 819 shares in the last quarter. Phillips Wealth Planners LLC boosted its stake in shares of Amazon.com by 9.2% during the first quarter. Phillips Wealth Planners LLC now owns 2,655 shares of the e-commerce giant’s stock valued at $487,000 after purchasing an additional 224 shares in the last quarter. Bayesian Capital Management LP bought a new stake in shares of Amazon.com during the fourth quarter worth about $5,926,000. Clearstead Trust LLC increased its stake in shares of Amazon.com by 25.8% in the fourth quarter. Clearstead Trust LLC now owns 65,539 shares of the e-commerce giant’s stock valued at $9,958,000 after buying an additional 13,454 shares during the period. Finally, Summa Corp. bought a new position in shares of Amazon.com during the fourth quarter valued at $1,506,000. 72.20% of the stock is currently owned by institutional investors.

Amazon.com Stock Up 0.9 %

Shares of NASDAQ:AMZN opened at $191.60 on Friday. The business’s 50 day moving average is $178.54 and its 200 day moving average is $181.98. Amazon.com, Inc. has a 12-month low of $118.35 and a 12-month high of $201.20. The stock has a market cap of $1.99 trillion, a price-to-earnings ratio of 53.67, a PEG ratio of 1.39 and a beta of 1.14. The company has a quick ratio of 0.88, a current ratio of 1.10 and a debt-to-equity ratio of 0.23.

Amazon.com (NASDAQ:AMZN) last posted its quarterly earnings data on Thursday, August 1st. The e-commerce giant reported $1.23 earnings per share (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 for the quarter, compared to the consensus estimate of $148.63 billion. On average, sell-side analysts forecast that Amazon.com, Inc. will post 4.86 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

AMZN has been the topic of a number of analyst reports. Wolfe Research began coverage on Amazon.com in a research report on Tuesday, July 16th. They issued an “outperform” rating and a $250.00 price target on the stock. TD Securities increased their target price on shares of Amazon.com from $225.00 to $245.00 in a research report on Wednesday, July 10th. Benchmark restated a “buy” rating and issued a $200.00 price target on shares of Amazon.com in a research report on Friday, August 2nd. JPMorgan Chase & Co. decreased their price objective on shares of Amazon.com from $240.00 to $230.00 and set an “overweight” rating for the company in a research report on Friday, August 2nd. Finally, Itau BBA Securities downgraded shares of Amazon.com from an “outperform” rating to a “market perform” rating and set a $186.00 target price for the company. in a research note on Friday, August 2nd. One 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. Based on data from MarketBeat, the company currently has an average rating of “Buy” and a consensus price target of $222.84.

Insider Buying and Selling

In other Amazon.com news, CEO Andrew R. Jassy sold 20,784 shares of the stock in a transaction dated Wednesday, August 21st. The shares were 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 transaction was disclosed in a document filed with the SEC, which is available at this link. In related news, CEO Andrew R. Jassy sold 20,784 shares of the business’s stock in a transaction dated Wednesday, August 21st. The shares were sold at an average price of $180.77, for a total value of $3,757,123.68. Following the transaction, the chief executive officer now directly owns 2,056,534 shares of the company’s stock, valued at approximately $371,759,651.18. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. Also, CEO Douglas J. Herrington sold 3,500 shares of the firm’s stock in a transaction that occurred on Monday, July 1st. The stock was sold at an average price of $195.99, for a total transaction of $685,965.00. Following the sale, the chief executive officer now owns 519,753 shares of the company’s stock, valued at approximately $101,866,390.47. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 6,104,317 shares of company stock worth $1,220,621,322. 10.80% of the stock is owned by insiders.

About Amazon.com

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.