Angeles Wealth Management LLC Grows Holdings in Amazon.com, Inc. (NASDAQ:AMZN)

Angeles Wealth Management LLC boosted its holdings in shares of Amazon.com, Inc. (NASDAQ:AMZN) by 6.4% during the 2nd quarter, according to its most recent 13F filing with the SEC. The fund owned 46,082 shares of the e-commerce giant’s stock after purchasing an additional 2,780 shares during the period. Amazon.com makes up 0.8% of Angeles Wealth Management LLC’s investment portfolio, making the stock its 22nd largest holding. Angeles Wealth Management LLC’s holdings in Amazon.com were worth $8,905,000 as of its most recent SEC filing.

A number of other institutional investors also recently bought and sold shares of the business. Vanguard Group Inc. lifted its position in Amazon.com by 1.9% during the 1st quarter. Vanguard Group Inc. now owns 785,811,114 shares of the e-commerce giant’s stock worth $141,744,609,000 after acquiring an additional 14,724,687 shares during the period. Capital Research Global Investors raised its stake in shares of Amazon.com by 8.5% during the first quarter. Capital Research Global Investors now owns 86,982,857 shares of the e-commerce giant’s stock worth $15,689,968,000 after purchasing an additional 6,810,145 shares during the last quarter. Bank of New York Mellon Corp grew its position in Amazon.com by 0.4% in the 2nd quarter. Bank of New York Mellon Corp now owns 67,745,972 shares of the e-commerce giant’s stock valued at $13,091,909,000 after buying an additional 289,532 shares during the last quarter. Jennison Associates LLC increased its stake in Amazon.com by 0.5% in the 1st quarter. Jennison Associates LLC now owns 56,666,183 shares of the e-commerce giant’s stock valued at $10,221,446,000 after buying an additional 295,132 shares during the period. Finally, Capital International Investors raised its position in Amazon.com by 7.4% during the 1st quarter. Capital International Investors now owns 42,370,172 shares of the e-commerce giant’s stock worth $7,642,732,000 after buying an additional 2,932,192 shares during the last quarter. 72.20% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity at Amazon.com

In other news, SVP David Zapolsky sold 2,190 shares of the stock in a transaction 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 completion of the sale, the senior vice president now owns 62,420 shares of the company’s stock, valued at $12,171,900. This represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. In other news, CFO Brian T. Olsavsky sold 14,600 shares of the company’s stock in a transaction dated Wednesday, August 21st. The stock was sold at an average price of $180.00, for a total value of $2,628,000.00. Following the completion of the sale, the chief financial officer now owns 49,000 shares of the company’s stock, valued at $8,820,000. This represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, SVP David Zapolsky sold 2,190 shares of the firm’s stock in a transaction dated 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 owns 62,420 shares in the company, valued at approximately $12,171,900. The trade was a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 54,355 shares of company stock worth $9,877,423. Company insiders own 10.80% of the company’s stock.

Amazon.com Stock Up 0.8 %

Shares of NASDAQ AMZN opened at $186.65 on Friday. 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 stock has a market capitalization of $1.94 trillion, a PE ratio of 52.28, a P/E/G ratio of 1.46 and a beta of 1.14. The firm has a fifty day moving average of $179.11 and a 200-day moving average of $183.05. Amazon.com, Inc. has a 52-week low of $118.35 and a 52-week high of $201.20.

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

Analyst Ratings Changes

Several analysts have recently weighed in on AMZN shares. Royal Bank of Canada reaffirmed an “outperform” rating and issued a $215.00 target price on shares of Amazon.com in a report on Friday, August 2nd. BMO Capital Markets reiterated an “outperform” rating and set a $230.00 target price on shares of Amazon.com in a research report on Thursday, September 19th. UBS Group raised their price target on Amazon.com from $217.00 to $224.00 and gave the company a “buy” rating in a report on Tuesday, July 30th. JMP Securities reaffirmed a “market outperform” rating and set a $265.00 price objective on shares of Amazon.com in a report on Friday, October 4th. Finally, Bank of America reduced their target price on Amazon.com from $220.00 to $210.00 and set a “buy” rating for the company in a report on Friday, August 2nd. Two equities research analysts have rated the stock with a hold rating, forty have assigned a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $222.67.

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.