Eads & Heald Wealth Management decreased its holdings in shares of Amazon.com, Inc. (NASDAQ:AMZN) by 10.0% during the second quarter, HoldingsChannel.com reports. The fund owned 1,836 shares of the e-commerce giant’s stock after selling 205 shares during the quarter. Amazon.com comprises about 1.9% of Eads & Heald Wealth Management’s investment portfolio, making the stock its biggest holding. Eads & Heald Wealth Management’s holdings in Amazon.com were worth $3,121,000 as of its most recent filing with the Securities and Exchange Commission (SEC).
A number of other hedge funds have also modified their holdings of AMZN. Guidant Wealth Advisors grew its position in shares of Amazon.com by 657.4% during the 2nd quarter. Guidant Wealth Advisors now owns 409 shares of the e-commerce giant’s stock valued at $100,000 after purchasing an additional 355 shares in the last quarter. Lee Financial Co grew its position in shares of Amazon.com by 154.3% during the 1st quarter. Lee Financial Co now owns 89 shares of the e-commerce giant’s stock valued at $129,000 after purchasing an additional 54 shares in the last quarter. Point72 Asia Hong Kong Ltd purchased a new position in shares of Amazon.com during the 1st quarter valued at $145,000. Braun Bostich & Associates Inc. purchased a new position in shares of Amazon.com during the 1st quarter valued at $174,000. Finally, Legacy Advisors LLC grew its position in shares of Amazon.com by 47.1% during the 2nd quarter. Legacy Advisors LLC now owns 103 shares of the e-commerce giant’s stock valued at $175,000 after purchasing an additional 33 shares in the last quarter. 57.31% of the stock is currently owned by institutional investors and hedge funds.
In related news, CEO Andrew R. Jassy sold 1,726 shares of the stock in a transaction dated Wednesday, August 15th. The shares were sold at an average price of $1,900.00, for a total value of $3,279,400.00. Following the completion of the transaction, the chief executive officer now directly owns 88,801 shares of the company’s stock, valued at $168,721,900. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Also, Director Thomas O. Ryder sold 5,000 shares of the stock in a transaction dated Wednesday, August 1st. The stock was sold at an average price of $1,783.81, for a total transaction of $8,919,050.00. Following the completion of the transaction, the director now directly owns 10,752 shares of the company’s stock, valued at $19,179,525.12. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 25,308 shares of company stock valued at $47,905,498. Insiders own 16.30% of the company’s stock.
AMZN has been the subject of several research reports. BidaskClub lowered shares of Amazon.com from a “strong-buy” rating to a “buy” rating in a research report on Tuesday, June 26th. Zacks Investment Research lowered shares of Amazon.com from a “buy” rating to a “hold” rating in a research report on Wednesday, June 27th. Loop Capital upped their target price on shares of Amazon.com from $1,800.00 to $1,900.00 and gave the stock a “buy” rating in a research report on Wednesday, June 27th. Argus upped their target price on shares of Amazon.com to $1,900.00 and gave the stock a “buy” rating in a research report on Tuesday, July 3rd. Finally, JPMorgan Chase & Co. reiterated a “buy” rating on shares of Amazon.com in a research report on Monday, July 9th. Four equities research analysts have rated the stock with a hold rating and forty-nine have given a buy rating to the company’s stock. The company currently has an average rating of “Buy” and a consensus price target of $2,008.73.
Shares of NASDAQ:AMZN opened at $1,764.03 on Friday. The stock has a market cap of $863.65 billion, a PE ratio of 387.70, a PEG ratio of 3.69 and a beta of 1.58. The company has a quick ratio of 0.78, a current ratio of 1.07 and a debt-to-equity ratio of 0.70. Amazon.com, Inc. has a 12 month low of $962.50 and a 12 month high of $2,050.50.
Amazon.com (NASDAQ:AMZN) last issued its quarterly earnings data on Thursday, July 26th. The e-commerce giant reported $5.07 EPS for the quarter, beating the consensus estimate of $2.49 by $2.58. The firm had revenue of $52.89 billion during the quarter, compared to the consensus estimate of $53.37 billion. Amazon.com had a net margin of 3.02% and a return on equity of 18.47%. The company’s quarterly revenue was up 39.3% compared to the same quarter last year. During the same period in the prior year, the firm posted $0.40 earnings per share. On average, equities analysts anticipate that Amazon.com, Inc. will post 17.79 earnings per share for the current year.
Amazon.com, Inc engages in the retail sale of consumer products and subscriptions in North America and internationally. The company operates through three segments: North America, International, and Amazon Web Services (AWS) segments. It sells merchandise and content purchased for resale from vendors, as well as those offered by third-party sellers through physical stores and retail Websites, such as amazon.com, amazon.ca, amazon.com.mx, amazon.com.au, amazon.com.br, amazon.cn, amazon.fr, amazon.de, amazon.in, amazon.it, amazon.co.jp, amazon.nl, amazon.es, and amazon.co.uk.
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