Measured Wealth Private Client Group LLC Reduces Position in Amazon.com, Inc. (NASDAQ:AMZN)

Measured Wealth Private Client Group LLC lessened its holdings in shares of Amazon.com, Inc. (NASDAQ:AMZN) by 2.5% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 268 shares of the e-commerce giant’s stock after selling 7 shares during the period. Measured Wealth Private Client Group LLC’s holdings in Amazon.com were worth $844,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also made changes to their positions in AMZN. Gantzert Investment Co. LLC ADV purchased a new stake in Amazon.com during the 2nd quarter valued at about $28,000. Lountzis Asset Management LLC purchased a new stake in shares of Amazon.com in the 2nd quarter valued at approximately $28,000. James Investment Research Inc. purchased a new stake in shares of Amazon.com in the 2nd quarter valued at approximately $55,000. Spence Asset Management grew its stake in shares of Amazon.com by 57.1% in the 2nd quarter. Spence Asset Management now owns 22 shares of the e-commerce giant’s stock valued at $61,000 after buying an additional 8 shares during the period. Finally, Legacy Wealth Planning LLC grew its stake in shares of Amazon.com by 126.1% in the 1st quarter. Legacy Wealth Planning LLC now owns 694 shares of the e-commerce giant’s stock valued at $69,000 after buying an additional 387 shares during the period. 57.32% of the stock is owned by institutional investors.

In other Amazon.com news, CEO Jeffrey P. Bezos sold 97,654 shares of the firm’s stock in a transaction on Tuesday, August 4th. The shares were sold at an average price of $3,150.09, for a total transaction of $307,618,888.86. Following the transaction, the chief executive officer now directly owns 54,583,923 shares of the company’s stock, valued at approximately $171,944,270,003.07. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, CEO Jeffrey A. Wilke sold 1,200 shares of the firm’s stock in a transaction on Monday, August 17th. The stock was sold at an average price of $3,174.18, for a total transaction of $3,809,016.00. Following the transaction, the chief executive officer now directly owns 10,000 shares in the company, valued at $31,741,800. The disclosure for this sale can be found here. Insiders have sold a total of 102,815 shares of company stock worth $324,095,003 over the last three months. 16.10% of the stock is currently owned by insiders.

NASDAQ AMZN opened at $3,272.71 on Friday. The company has a debt-to-equity ratio of 0.45, a current ratio of 1.18 and a quick ratio of 0.97. The firm’s fifty day moving average price is $3,207.58 and its 200 day moving average price is $2,802.40. The company has a market capitalization of $1,639.27 billion, a price-to-earnings ratio of 125.83, a price-to-earnings-growth ratio of 3.59 and a beta of 1.35. Amazon.com, Inc. has a 12 month low of $1,626.03 and a 12 month high of $3,552.25.

Amazon.com (NASDAQ:AMZN) last posted its earnings results on Thursday, July 30th. The e-commerce giant reported $10.30 EPS for the quarter, beating the Zacks’ consensus estimate of $1.74 by $8.56. The firm had revenue of $88.91 billion for the quarter, compared to the consensus estimate of $81.56 billion. Amazon.com had a net margin of 4.10% and a return on equity of 20.47%. As a group, sell-side analysts forecast that Amazon.com, Inc. will post 31.61 earnings per share for the current year.

Several analysts have recently weighed in on the stock. UBS Group increased their price target on shares of Amazon.com from $3,000.00 to $4,000.00 and gave the company a “buy” rating in a research note on Friday, July 31st. Bank of America increased their price target on shares of Amazon.com from $3,000.00 to $3,280.00 and gave the company a “buy” rating in a research note on Monday, July 27th. Needham & Company LLC reissued a “buy” rating and issued a $3,700.00 price target (up previously from $3,200.00) on shares of Amazon.com in a research note on Friday, July 31st. KeyCorp increased their price target on shares of Amazon.com from $3,285.00 to $3,500.00 and gave the company an “overweight” rating in a research note on Friday, July 31st. Finally, BofA Securities increased their price target on shares of Amazon.com from $3,280.00 to $3,560.00 and gave the company a “buy” rating in a research note on Friday, July 31st. One research analyst has rated the stock with a sell rating, four have assigned a hold rating and forty-nine have issued a buy rating to the company’s stock. The stock presently has a consensus rating of “Buy” and an average target price of $3,438.90.

Amazon.com 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 third-party sellers through physical stores and online stores.

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Institutional Ownership by Quarter for Amazon.com (NASDAQ:AMZN)

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