Amazon.com, Inc. (NASDAQ:AMZN) is Transatlantique Private Wealth LLC’s 10th Largest Position

Transatlantique Private Wealth LLC raised its position in Amazon.com, Inc. (NASDAQ:AMZN) by 33.9% during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 19,601 shares of the e-commerce giant’s stock after purchasing an additional 4,961 shares during the quarter. Amazon.com makes up approximately 1.5% of Transatlantique Private Wealth LLC’s holdings, making the stock its 10th biggest position. Transatlantique Private Wealth LLC’s holdings in Amazon.com were worth $3,784,000 at the end of the most recent reporting period.

Several other hedge funds also recently bought and sold shares of AMZN. PayPay Securities Corp increased its holdings in Amazon.com by 64.6% in the second quarter. PayPay Securities Corp now owns 163 shares of the e-commerce giant’s stock worth $32,000 after buying an additional 64 shares during the last quarter. Christopher J. Hasenberg Inc grew its position in Amazon.com by 650.0% in the second quarter. Christopher J. Hasenberg Inc now owns 300 shares of the e-commerce giant’s stock worth $58,000 after acquiring an additional 260 shares in the last quarter. Steph & Co. bought a new stake in Amazon.com in the first quarter worth approximately $65,000. Koesten Hirschmann & Crabtree INC. acquired a new position in shares of Amazon.com during the 1st quarter worth $69,000. Finally, Innealta Capital LLC bought a new position in shares of Amazon.com during the 2nd quarter valued at $77,000. 72.20% of the stock is owned by institutional investors and hedge funds.

Insider Transactions at Amazon.com

In other news, CEO Andrew R. Jassy sold 20,784 shares of the business’s stock in a transaction that occurred on Wednesday, August 21st. The stock was 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 $371,759,651.18. The trade was a 0.00 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. In other news, SVP David Zapolsky sold 2,190 shares of the firm’s stock in a transaction on Tuesday, September 24th. The stock was 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 directly owns 62,420 shares in the company, valued at approximately $12,171,900. This trade represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through this link. Also, CEO Andrew R. Jassy sold 20,784 shares of Amazon.com 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 transaction, the chief executive officer now directly owns 2,056,534 shares of the company’s stock, valued at $371,759,651.18. This represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 54,355 shares of company stock valued at $9,877,423. Corporate insiders own 10.80% of the company’s stock.

Wall Street Analyst Weigh In

A number of brokerages recently issued reports on AMZN. Cantor Fitzgerald reiterated an “overweight” rating and issued a $230.00 price objective on shares of Amazon.com in a report on Monday, October 7th. JMP Securities reiterated a “market outperform” rating and set a $265.00 price target on shares of Amazon.com in a research note on Tuesday, October 15th. Wedbush reissued an “outperform” rating and issued a $225.00 price objective on shares of Amazon.com in a research note on Friday, August 2nd. Telsey Advisory Group reaffirmed an “outperform” rating and set a $215.00 target price on shares of Amazon.com in a research report on Thursday, October 10th. Finally, The Goldman Sachs Group lowered their price target on Amazon.com from $250.00 to $230.00 and set a “buy” rating on the stock in a report on Friday, August 2nd. Two equities research analysts have rated the stock with a hold rating, forty-two have given a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average target price of $236.78.

Amazon.com Stock Performance

Shares of NASDAQ:AMZN opened at $188.99 on Monday. The stock has a market capitalization of $1.97 trillion, a price-to-earnings ratio of 52.94, a price-to-earnings-growth ratio of 1.38 and a beta of 1.14. The business’s fifty day moving average price is $181.98 and its two-hundred day moving average price is $183.43. Amazon.com, Inc. has a fifty-two week low of $118.35 and a fifty-two week high of $201.20. The company has a debt-to-equity ratio of 0.23, a current ratio of 1.10 and a quick ratio of 0.88.

Amazon.com (NASDAQ:AMZN) last announced its earnings results 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. The business had revenue of $147.98 billion during the quarter, compared to analysts’ expectations of $148.63 billion. Amazon.com had a net margin of 7.35% and a return on equity of 21.39%. As a group, analysts predict that Amazon.com, Inc. will post 4.85 EPS for the current fiscal year.

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.