Amazon.com, Inc. (NASDAQ:AMZN) Shares Acquired by Core Wealth Management Inc.

Core Wealth Management Inc. boosted its position in Amazon.com, Inc. (NASDAQ:AMZN) by 166.4% in the 2nd quarter, according to its most recent filing with the SEC. The firm owned 3,330 shares of the e-commerce giant’s stock after acquiring an additional 2,080 shares during the period. Amazon.com comprises approximately 0.3% of Core Wealth Management Inc.’s holdings, making the stock its 13th biggest holding. Core Wealth Management Inc.’s holdings in Amazon.com were worth $644,000 at the end of the most recent quarter.

Other institutional investors also recently bought and sold shares of the company. Cooksen Wealth LLC acquired a new stake in shares of Amazon.com in the fourth quarter worth approximately $30,000. Clarity Asset Management Inc. acquired a new position in Amazon.com during the fourth quarter worth approximately $46,000. Steph & Co. purchased a new position in Amazon.com during the first quarter worth approximately $65,000. Advantage Trust Co acquired a new position in shares of Amazon.com in the 4th quarter valued at $68,000. Finally, Koesten Hirschmann & Crabtree INC. purchased a new stake in shares of Amazon.com during the 1st quarter valued at $69,000. 72.20% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity at Amazon.com

In other Amazon.com news, VP Shelley Reynolds sold 3,791 shares of the firm’s stock in a transaction on Wednesday, August 21st. The stock was sold at an average price of $181.04, for a total value of $686,322.64. Following the sale, the vice president now directly owns 121,461 shares in the company, valued at $21,989,299.44. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. In other news, CEO Andrew R. Jassy sold 20,784 shares of the stock in a transaction 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 completion of the transaction, the chief executive officer now owns 2,056,534 shares of the company’s stock, valued at $371,759,651.18. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Also, VP Shelley Reynolds sold 3,791 shares of the stock in a transaction dated Wednesday, August 21st. The shares were sold at an average price of $181.04, for a total transaction of $686,322.64. Following the completion of the transaction, the vice president now owns 121,461 shares of the company’s stock, valued at approximately $21,989,299.44. The disclosure for this sale can be found here. Insiders sold 6,104,317 shares of company stock worth $1,220,621,322 in the last 90 days. 10.80% of the stock is currently owned by company insiders.

Amazon.com Trading Down 0.9 %

NASDAQ AMZN opened at $184.89 on Tuesday. The company has a debt-to-equity ratio of 0.23, a quick ratio of 0.88 and a current ratio of 1.10. Amazon.com, Inc. has a one year low of $118.35 and a one year high of $201.20. The company has a 50-day simple moving average of $179.22 and a 200-day simple moving average of $181.74. The firm has a market capitalization of $1.92 trillion, a PE ratio of 51.79, a price-to-earnings-growth ratio of 1.39 and a beta of 1.14.

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

Wall Street Analysts Forecast Growth

A number of brokerages recently weighed in on AMZN. Bank of America reduced their target price on Amazon.com from $220.00 to $210.00 and set a “buy” rating on the stock in a report on Friday, August 2nd. JPMorgan Chase & Co. reduced their price objective on Amazon.com from $240.00 to $230.00 and set an “overweight” rating on the stock in a research note on Friday, August 2nd. Wells Fargo & Company decreased their target price on Amazon.com from $232.00 to $225.00 and set an “overweight” rating for the company in a report on Monday, August 26th. Wedbush restated an “outperform” rating and issued a $225.00 price target on shares of Amazon.com in a report on Friday, August 2nd. Finally, Robert W. Baird boosted their price objective on shares of Amazon.com from $210.00 to $213.00 and gave the stock an “outperform” rating in a research note on Friday, June 21st. One analyst has rated the stock with a hold rating, forty have assigned a buy rating and two have given a strong buy rating to the stock. According to MarketBeat, Amazon.com has an average rating of “Buy” and an average price target of $222.49.

Amazon.com Profile

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.