Wealth Alliance Advisory Group LLC raised its holdings in Amazon.com, Inc. (NASDAQ:AMZN) by 27.4% during the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 465 shares of the e-commerce giant’s stock after buying an additional 100 shares during the period. Wealth Alliance Advisory Group LLC’s holdings in Amazon.com were worth $940,000 as of its most recent SEC filing.

A number of other institutional investors have also bought and sold shares of AMZN. CX Institutional grew its holdings in shares of Amazon.com by 128.0% during the fourth quarter. CX Institutional now owns 114 shares of the e-commerce giant’s stock worth $171,000 after purchasing an additional 64 shares in the last quarter. Sanders Morris Harris LLC grew its holdings in shares of Amazon.com by 6.4% during the fourth quarter. Sanders Morris Harris LLC now owns 167 shares of the e-commerce giant’s stock worth $251,000 after purchasing an additional 10 shares in the last quarter. Beech Hill Advisors Inc. grew its holdings in shares of Amazon.com by 2.3% during the fourth quarter. Beech Hill Advisors Inc. now owns 3,101 shares of the e-commerce giant’s stock worth $4,658,000 after purchasing an additional 70 shares in the last quarter. American Economic Planning Group Inc. ADV grew its holdings in shares of Amazon.com by 9.7% during the fourth quarter. American Economic Planning Group Inc. ADV now owns 726 shares of the e-commerce giant’s stock worth $1,090,000 after purchasing an additional 64 shares in the last quarter. Finally, Gateway Investment Advisers LLC grew its holdings in shares of Amazon.com by 4.9% during the fourth quarter. Gateway Investment Advisers LLC now owns 210,527 shares of the e-commerce giant’s stock worth $316,205,000 after purchasing an additional 9,839 shares in the last quarter. Institutional investors own 57.32% of the company’s stock.

AMZN has been the subject of several recent analyst reports. Monness Crespi & Hardt set a $2,300.00 price objective on Amazon.com and gave the stock a “buy” rating in a report on Friday, July 19th. Wedbush reissued a “buy” rating and set a $1,350.00 price objective on shares of Alphabet in a report on Monday, July 22nd. Piper Jaffray Companies upped their target price on Amazon.com from $2,070.00 to $2,225.00 and gave the stock an “overweight” rating in a research note on Friday, April 26th. Morgan Stanley set a $70.00 target price on Edison International and gave the stock a “hold” rating in a research note on Monday, July 15th. Finally, Robert W. Baird set a $81.00 target price on W. R. Grace & Co and gave the stock a “buy” rating in a research note on Friday. Three equities research analysts have rated the stock with a hold rating and forty-three have assigned a buy rating to the company. Amazon.com currently has a consensus rating of “Buy” and a consensus target price of $2,248.39.

AMZN traded down $35.81 on Monday, hitting $1,907.24. 3,555,198 shares of the company’s stock traded hands, compared to its average volume of 3,065,783. The company has a market capitalization of $956.63 billion, a price-to-earnings ratio of 94.70, a price-to-earnings-growth ratio of 2.24 and a beta of 1.57. The firm has a 50 day simple moving average of $1,928.39. The company has a current ratio of 1.10, a quick ratio of 0.84 and a debt-to-equity ratio of 0.44. Amazon.com, Inc. has a one year low of $1,307.00 and a one year high of $2,050.50.

Amazon.com (NASDAQ:AMZN) last released its quarterly earnings results on Thursday, July 25th. The e-commerce giant reported $5.22 earnings per share for the quarter, missing the consensus estimate of $5.29 by ($0.07). The firm had revenue of $63.40 billion for the quarter, compared to analysts’ expectations of $62.59 billion. Amazon.com had a net margin of 4.80% and a return on equity of 26.27%. The business’s quarterly revenue was up 19.9% compared to the same quarter last year. During the same quarter in the prior year, the business earned $5.07 EPS. Equities analysts predict that Amazon.com, Inc. will post 26.46 EPS for the current fiscal year.

In other Amazon.com news, insider David Zapolsky sold 763 shares of the firm’s stock in a transaction that occurred on Wednesday, July 10th. The stock was sold at an average price of $2,000.00, for a total transaction of $1,526,000.00. Following the completion of the transaction, the insider now owns 2,698 shares in the company, valued at approximately $5,396,000. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, CEO Jeffrey A. Wilke sold 2,500 shares of the firm’s stock in a transaction that occurred on Wednesday, May 8th. The shares were sold at an average price of $1,926.29, for a total value of $4,815,725.00. Following the transaction, the chief executive officer now owns 10,000 shares of the company’s stock, valued at approximately $19,262,900. The disclosure for this sale can be found here. Insiders have sold a total of 18,993 shares of company stock valued at $36,698,207 in the last 90 days. 16.10% of the stock is currently owned by company insiders.

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 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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