Aprio Wealth Management LLC acquired a new position in shares of Amazon.com, Inc. (NASDAQ:AMZN) during the 3rd quarter, according to its most recent Form 13F filing with the SEC. The firm acquired 84 shares of the e-commerce giant’s stock, valued at approximately $276,000.
Other institutional investors have also modified their holdings of the company. Sphinx Trading LP purchased a new position in Amazon.com during the 3rd quarter worth $30,000. Lion Street Advisors LLC purchased a new stake in shares of Amazon.com in the second quarter valued at about $52,000. True Link Financial Advisors LLC purchased a new stake in shares of Amazon.com in the second quarter valued at about $72,000. Laurel Wealth Planning LLC boosted its holdings in shares of Amazon.com by 57.1% in the second quarter. Laurel Wealth Planning LLC now owns 22 shares of the e-commerce giant’s stock valued at $76,000 after acquiring an additional 8 shares in the last quarter. Finally, Newfound Research LLC boosted its holdings in shares of Amazon.com by 62.5% in the second quarter. Newfound Research LLC now owns 26 shares of the e-commerce giant’s stock valued at $89,000 after acquiring an additional 10 shares in the last quarter. 57.48% of the stock is currently owned by institutional investors.
AMZN opened at $3,580.41 on Thursday. The company has a quick ratio of 0.87, a current ratio of 1.12 and a debt-to-equity ratio of 0.42. Amazon.com, Inc. has a 52-week low of $2,881.00 and a 52-week high of $3,773.08. The company has a 50 day moving average of $3,409.89 and a two-hundred day moving average of $3,403.96. The company has a market cap of $1.82 trillion, a P/E ratio of 70.04, a P/E/G ratio of 3.84 and a beta of 1.11.
Several brokerages have recently weighed in on AMZN. Oppenheimer lowered their target price on shares of Amazon.com from $4,400.00 to $4,200.00 and set an “outperform” rating on the stock in a report on Friday, July 30th. Raymond James lowered their target price on shares of Amazon.com from $3,900.00 to $3,840.00 and set an “outperform” rating on the stock in a report on Friday, October 29th. Susquehanna Bancshares lowered their target price on shares of Amazon.com from $5,500.00 to $5,000.00 and set a “positive” rating on the stock in a report on Friday, July 30th. KeyCorp reiterated a “buy” rating and issued a $4,000.00 price objective on shares of Amazon.com in a research note on Tuesday, September 7th. Finally, Citigroup reduced their price objective on shares of Amazon.com from $4,175.00 to $4,100.00 and set a “buy” rating for the company in a research note on Tuesday, November 2nd. One research analyst has rated the stock with a hold rating and forty have given a buy rating to the stock. Based on data from MarketBeat.com, the stock has an average rating of “Buy” and an average price target of $4,144.44.
In related news, Director Jonathan Rubinstein sold 271 shares of the company’s stock in a transaction on Thursday, November 18th. The shares were sold at an average price of $3,700.00, for a total value of $1,002,700.00. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, CEO Andrew R. Jassy sold 492 shares of the company’s stock in a transaction on Monday, November 22nd. The shares were sold at an average price of $3,676.00, for a total transaction of $1,808,592.00. The disclosure for this sale can be found here. Over the last three months, insiders have sold 86,498 shares of company stock worth $293,480,991. Corporate insiders own 14.00% of the company’s stock.
Amazon.com Company Profile
Amazon.com, Inc engages in the provision of online retail shopping services. It operates through the following business segments: North America, International, and Amazon Web Services (AWS). The North America segment includes retail sales of consumer products and subscriptions through North America-focused websites such as www.amazon.com and www.amazon.ca.
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