Amazon.com, Inc. (NASDAQ:AMZN) Shares Bought by Calamos Wealth Management LLC

Calamos Wealth Management LLC lifted its stake in shares of Amazon.com, Inc. (NASDAQ:AMZN) by 2.0% in the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 287,189 shares of the e-commerce giant’s stock after acquiring an additional 5,646 shares during the quarter. Amazon.com makes up 3.0% of Calamos Wealth Management LLC’s holdings, making the stock its 8th biggest holding. Calamos Wealth Management LLC’s holdings in Amazon.com were worth $55,499,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds and other institutional investors also recently made changes to their positions in AMZN. Cooksen Wealth LLC bought a new stake in shares of Amazon.com in the 4th quarter valued at $30,000. Clarity Asset Management Inc. bought a new stake in Amazon.com during the fourth quarter valued at $46,000. Steph & Co. bought a new stake in Amazon.com during the first quarter valued at $65,000. Koesten Hirschmann & Crabtree INC. acquired a new stake in Amazon.com during the 1st quarter worth about $69,000. Finally, Advantage Trust Co bought a new position in shares of Amazon.com in the 4th quarter worth about $68,000. 72.20% of the stock is owned by institutional investors and hedge funds.

Insider Buying and Selling at Amazon.com

In other news, SVP David Zapolsky sold 4,710 shares of the stock in a transaction on Thursday, June 27th. The stock was sold at an average price of $195.00, for a total transaction of $918,450.00. Following the completion of the transaction, the senior vice president now owns 59,500 shares in the company, valued at approximately $11,602,500. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. In other Amazon.com news, SVP David Zapolsky sold 4,710 shares of the stock in a transaction dated Thursday, June 27th. The shares were sold at an average price of $195.00, for a total transaction of $918,450.00. Following the completion of the transaction, the senior vice president now owns 59,500 shares in the company, valued at $11,602,500. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, CEO Andrew R. Jassy sold 20,784 shares of the business’s stock in a transaction that occurred on Wednesday, August 21st. The shares were sold at an average price of $180.77, for a total transaction of $3,757,123.68. Following the completion of the sale, the chief executive officer now directly owns 2,056,534 shares in the company, valued at approximately $371,759,651.18. The disclosure for this sale can be found here. Insiders have sold a total of 6,104,317 shares of company stock worth $1,220,621,322 over the last ninety days. 10.80% of the stock is currently owned by company insiders.

Amazon.com Stock Performance

NASDAQ AMZN opened at $184.89 on Tuesday. The company 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. 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 52-week low of $118.35 and a 52-week 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.

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

Analysts Set New Price Targets

Several equities research analysts recently commented on the company. Robert W. Baird upped their target price on Amazon.com from $210.00 to $213.00 and gave the company an “outperform” rating in a research report on Friday, June 21st. Wells Fargo & Company lowered their price objective on shares of Amazon.com from $232.00 to $225.00 and set an “overweight” rating for the company in a research note on Monday, August 26th. Maxim Group raised their price target on shares of Amazon.com from $238.00 to $251.00 and gave the stock a “buy” rating in a report on Friday, August 2nd. Cantor Fitzgerald initiated coverage on shares of Amazon.com in a report on Thursday, September 5th. They set an “overweight” rating and a $230.00 price objective on the stock. Finally, UBS Group boosted their target price on Amazon.com from $217.00 to $224.00 and gave the company a “buy” rating in a research report on Tuesday, July 30th. One analyst has rated the stock with a hold rating, forty have assigned a buy rating and two have issued a strong buy rating to the stock. According to MarketBeat, Amazon.com presently has a consensus rating of “Buy” and a consensus price target of $222.49.

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.