Fragasso Group Inc. increased its stake in shares of Amazon.com, Inc. (NASDAQ:AMZN) by 24.6% during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 248 shares of the e-commerce giant’s stock after buying an additional 49 shares during the quarter. Fragasso Group Inc.’s holdings in Amazon.com were worth $422,000 at the end of the most recent reporting period.
Other large investors also recently modified their holdings of the company. Guidant Wealth Advisors boosted its holdings in shares of Amazon.com by 657.4% in 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 boosted its holdings in shares of Amazon.com by 154.3% in 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 acquired a new stake in shares of Amazon.com in the 1st quarter valued at $145,000. Braun Bostich & Associates Inc. acquired a new stake in shares of Amazon.com in the 1st quarter valued at $174,000. Finally, Legacy Advisors LLC boosted its holdings in shares of Amazon.com by 47.1% in 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. 56.73% of the stock is currently owned by institutional investors and hedge funds.
Shares of NASDAQ:AMZN opened at $1,665.53 on Friday. The firm has a market cap of $814.39 billion, a P/E ratio of 366.05, a P/E/G ratio of 3.21 and a beta of 1.70. The company has a debt-to-equity ratio of 0.63, a current ratio of 1.08 and a quick ratio of 0.80. Amazon.com, Inc. has a 12-month low of $1,088.52 and a 12-month high of $2,050.50.
Amazon.com (NASDAQ:AMZN) last issued its quarterly earnings results on Thursday, October 25th. The e-commerce giant reported $5.75 earnings per share for the quarter, topping the Zacks’ consensus estimate of $3.29 by $2.46. Amazon.com had a return on equity of 24.35% and a net margin of 4.03%. The firm had revenue of $56.58 billion during the quarter, compared to the consensus estimate of $57.05 billion. Analysts expect that Amazon.com, Inc. will post 19.24 earnings per share for the current fiscal year.
In other Amazon.com news, CEO Andrew R. Jassy sold 1,726 shares of the stock in a transaction dated Wednesday, August 15th. The stock was sold at an average price of $1,900.00, for a total transaction of $3,279,400.00. Following the completion of the sale, the chief executive officer now directly owns 88,801 shares in the company, valued at approximately $168,721,900. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, SVP David Zapolsky sold 1,927 shares of the stock in a transaction dated Wednesday, August 15th. The stock was sold at an average price of $1,899.96, for a total value of $3,661,222.92. Following the sale, the senior vice president now owns 3,161 shares of the company’s stock, valued at $6,005,773.56. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 37,272 shares of company stock valued at $66,675,598. Company insiders own 16.30% of the company’s stock.
A number of equities research analysts have weighed in on AMZN shares. Royal Bank of Canada reaffirmed a “$1,842.92” rating on shares of Amazon.com in a report on Wednesday, July 18th. JPMorgan Chase & Co. reiterated a “buy” rating on shares of Amazon.com in a research note on Thursday, July 19th. Morgan Stanley reiterated a “buy” rating on shares of Amazon.com in a research note on Tuesday, July 17th. Credit Suisse Group reiterated a “buy” rating and issued a $2,000.00 price target (up from $1,950.00) on shares of Amazon.com in a research note on Monday, July 16th. Finally, Jefferies Financial Group reiterated a “buy” rating on shares of Amazon.com in a research note on Monday, July 16th. One research analyst has rated the stock with a sell rating, three have assigned a hold rating and forty-seven have issued a buy rating to the company’s stock. The stock presently has a consensus rating of “Buy” and a consensus price target of $2,091.53.
Amazon.com Company Profile
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.
Recommended Story: What is a Leveraged Buyout (LBO)?
Want to see what other hedge funds are holding AMZN? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Amazon.com, Inc. (NASDAQ:AMZN).
Receive News & Ratings for Amazon.com Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Amazon.com and related companies with MarketBeat.com's FREE daily email newsletter.