Guidant Wealth Advisors Grows Position in Amazon.com, Inc. (NASDAQ:AMZN)
Guidant Wealth Advisors lifted its stake in Amazon.com, Inc. (NASDAQ:AMZN) by 185.2% during the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 154 shares of the e-commerce giant’s stock after purchasing an additional 100 shares during the period. Guidant Wealth Advisors’ holdings in Amazon.com were worth $263,000 at the end of the most recent quarter.
Other hedge funds have also recently added to or reduced their stakes in the company. Taylor Hoffman Wealth Management acquired a new stake in shares of Amazon.com during the 4th quarter worth approximately $108,000. Santori & Peters Inc. acquired a new stake in shares of Amazon.com during the 4th quarter worth approximately $121,000. Lee Financial Co grew its stake 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 worth $129,000 after purchasing an additional 54 shares during the period. Point72 Asia Hong Kong Ltd acquired a new stake in shares of Amazon.com during the 1st quarter worth approximately $145,000. Finally, Braun Bostich & Associates Inc. acquired a new stake in shares of Amazon.com during the 1st quarter worth approximately $174,000. 57.36% of the stock is owned by institutional investors and hedge funds.
Shares of NASDAQ:AMZN traded up $69.25 on Friday, hitting $1,788.61. The company had a trading volume of 9,384,185 shares, compared to its average volume of 5,128,370. The company has a market capitalization of $976.95 billion, a P/E ratio of 393.10, a P/E/G ratio of 4.17 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 52-week low of $962.50 and a 52-week high of $2,050.50.
A number of research analysts have weighed in on the company. Nomura restated a “buy” rating on shares of Amazon.com in a report on Friday, July 27th. Canaccord Genuity raised their price objective on Amazon.com from $2,000.00 to $2,100.00 and gave the company a “buy” rating in a report on Friday, July 27th. Morgan Stanley restated a “buy” rating on shares of Amazon.com in a report on Wednesday, July 11th. Macquarie reiterated a “buy” rating on shares of Amazon.com in a report on Friday, July 27th. Finally, Barclays reiterated a “buy” rating and set a $1,870.00 price target on shares of Amazon.com in a report on Friday, July 27th. Four investment analysts have rated the stock with a hold rating and forty-nine have given a buy rating to the company. Amazon.com presently has a consensus rating of “Buy” and a consensus price target of $2,005.64.
In related news, CEO Andrew R. Jassy sold 1,726 shares of the firm’s stock in a transaction that occurred on Wednesday, August 15th. The stock was sold at an average price of $1,900.00, for a total value of $3,279,400.00. Following the sale, the chief executive officer now owns 88,801 shares of the company’s stock, valued at approximately $168,721,900. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. Also, CFO Brian T. Olsavsky sold 2,028 shares of the firm’s stock in a transaction that occurred on Wednesday, August 15th. The stock was sold at an average price of $1,909.55, for a total value of $3,872,567.40. Following the completion of the sale, the chief financial officer now directly owns 1,781 shares in the company, valued at approximately $3,400,908.55. The disclosure for this sale can be found here. In the last three months, insiders sold 25,308 shares of company stock worth $47,905,498. Company insiders own 16.30% of the company’s stock.
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.
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