Wealthgate Family Office LLC Takes $262,000 Position in Amazon.com, Inc. (NASDAQ:AMZN)

Wealthgate Family Office LLC bought a new position in shares of Amazon.com, Inc. (NASDAQ:AMZN) during the second quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund bought 1,355 shares of the e-commerce giant’s stock, valued at approximately $262,000. Amazon.com comprises approximately 0.6% of Wealthgate Family Office LLC’s holdings, making the stock its 20th largest position.

A number of other institutional investors have also added to or reduced their stakes in AMZN. PayPay Securities Corp increased its holdings in shares of Amazon.com by 64.6% in the second quarter. PayPay Securities Corp now owns 163 shares of the e-commerce giant’s stock valued at $32,000 after purchasing an additional 64 shares during the last quarter. Christopher J. Hasenberg Inc increased its holdings in shares of Amazon.com by 650.0% in the second quarter. Christopher J. Hasenberg Inc now owns 300 shares of the e-commerce giant’s stock valued at $58,000 after purchasing an additional 260 shares during the last quarter. Steph & Co. acquired a new position in shares of Amazon.com in the first quarter valued at $65,000. Koesten Hirschmann & Crabtree INC. bought a new stake in shares of Amazon.com in the first quarter valued at about $69,000. Finally, Innealta Capital LLC bought a new stake in shares of Amazon.com in the second quarter valued at about $77,000. 72.20% of the stock is currently owned by institutional investors and hedge funds.

Amazon.com Stock Up 0.8 %

Shares of NASDAQ:AMZN opened at $188.99 on Friday. The business’s 50 day simple moving average is $181.98 and its two-hundred day simple moving average is $183.41. The firm has a market cap of $1.97 trillion, a P/E ratio of 52.94, a PEG ratio of 1.38 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.

Amazon.com (NASDAQ:AMZN) last issued its quarterly earnings data 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 firm 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%. As a group, research analysts forecast that Amazon.com, Inc. will post 4.85 EPS for the current fiscal year.

Analyst Ratings Changes

A number of equities research analysts have recently issued reports on the stock. Stifel Nicolaus reduced their target price on shares of Amazon.com from $228.00 to $224.00 and set a “buy” rating for the company in a research report on Friday, August 2nd. Royal Bank of Canada reaffirmed an “outperform” rating and set a $215.00 price objective on shares of Amazon.com in a research report on Friday, August 2nd. BMO Capital Markets reaffirmed an “outperform” rating and set a $230.00 price objective on shares of Amazon.com in a research report on Thursday, September 19th. Evercore ISI reissued an “outperform” rating and issued a $240.00 target price on shares of Amazon.com in a report on Friday, October 11th. Finally, TD Securities increased their target price on shares of Amazon.com from $225.00 to $245.00 in a report on Wednesday, July 10th. Two investment analysts have rated the stock with a hold rating, forty-two have assigned a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average price target of $236.78.

Insider Transactions at Amazon.com

In other news, SVP David Zapolsky sold 2,190 shares of the stock in a transaction that occurred 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 of the company’s stock, valued at $12,171,900. This represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. In related news, SVP David Zapolsky sold 2,190 shares of the stock in a transaction that occurred on Tuesday, September 24th. The stock was sold at an average price of $195.00, for a total transaction of $427,050.00. Following the completion of the sale, the senior vice president now directly owns 62,420 shares of the company’s stock, 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 legal filing with the SEC, which can be accessed through this link. Also, CEO Douglas J. Herrington sold 3,500 shares of the stock in a transaction that occurred on Thursday, August 1st. The shares were sold at an average price of $189.25, for a total value of $662,375.00. Following the sale, the chief executive officer now directly owns 503,753 shares of the company’s stock, valued at $95,335,255.25. The trade was a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 54,355 shares of company stock valued at $9,877,423 over the last ninety days. 10.80% of the stock is currently owned by insiders.

Amazon.com Company 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.