Compass Ion Advisors LLC raised its holdings in Amazon.com, Inc. (NASDAQ:AMZN) by 1.4% in the second quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 575 shares of the e-commerce giant’s stock after acquiring an additional 8 shares during the quarter. Amazon.com comprises approximately 1.4% of Compass Ion Advisors LLC’s holdings, making the stock its 11th largest position. Compass Ion Advisors LLC’s holdings in Amazon.com were worth $1,586,000 at the end of the most recent quarter.
A number of other hedge funds and other institutional investors have also bought and sold shares of AMZN. Danda Trouve Investment Management Inc. acquired a new stake in Amazon.com in the fourth quarter valued at approximately $28,000. Gantzert Investment Co. LLC ADV bought a new position in shares of Amazon.com in the second quarter valued at approximately $28,000. Sofos Investments Inc. raised its position in shares of Amazon.com by 120.0% in the first quarter. Sofos Investments Inc. now owns 121 shares of the e-commerce giant’s stock valued at $31,000 after purchasing an additional 66 shares during the period. Deane Retirement Strategies Inc. raised its position in shares of Amazon.com by 142.9% in the first quarter. Deane Retirement Strategies Inc. now owns 17 shares of the e-commerce giant’s stock valued at $33,000 after purchasing an additional 10 shares during the period. Finally, ERTS Wealth Advisors LLC bought a new position in shares of Amazon.com in the fourth quarter valued at approximately $35,000. Hedge funds and other institutional investors own 64.65% of the company’s stock.
NASDAQ AMZN traded up $34.96 on Thursday, hitting $3,116.07. 1,406,210 shares of the company were exchanged, compared to its average volume of 4,469,212. The firm has a 50 day moving average of $2,609.78 and a two-hundred day moving average of $2,174.55. The company has a market cap of $1,536.80 billion, a P/E ratio of 148.34, a P/E/G ratio of 6.13 and a beta of 1.32. The company has a current ratio of 1.08, a quick ratio of 0.84 and a debt-to-equity ratio of 0.36. Amazon.com, Inc. has a 1-year low of $1,626.03 and a 1-year high of $3,069.55.
Amazon.com (NASDAQ:AMZN) last issued its quarterly earnings results on Thursday, April 30th. The e-commerce giant reported $5.01 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $6.36 by ($1.35). The company had revenue of $75.45 billion for the quarter, compared to analyst estimates of $74.15 billion. Amazon.com had a return on equity of 17.83% and a net margin of 3.56%. The firm’s quarterly revenue was up 26.4% on a year-over-year basis. During the same quarter last year, the company earned $7.09 EPS. Research analysts anticipate that Amazon.com, Inc. will post 19.99 EPS for the current fiscal year.
A number of research firms have recently commented on AMZN. BidaskClub raised shares of Amazon.com from a “buy” rating to a “strong-buy” rating in a research report on Friday, July 3rd. Royal Bank of Canada reissued a “buy” rating on shares of Amazon.com in a research report on Tuesday, June 9th. Mizuho lifted their price target on shares of Amazon.com from $2,550.00 to $3,100.00 and gave the company a “buy” rating in a research report on Tuesday, June 30th. Piper Sandler raised shares of Amazon.com to a “buy” rating in a research report on Monday, June 1st. Finally, Wedbush boosted their target price on shares of Amazon.com from $2,750.00 to $3,050.00 and gave the stock an “outperform” rating in a research report on Wednesday, June 24th. One investment analyst has rated the stock with a sell rating, four have issued a hold rating, forty-six have given a buy rating and one has issued a strong buy rating to the stock. The stock currently has an average rating of “Buy” and a consensus target price of $2,693.66.
In other Amazon.com news, Director Patricia Q. Stonesifer sold 2,200 shares of the company’s stock in a transaction dated Wednesday, May 6th. The shares were sold at an average price of $2,329.44, for a total transaction of $5,124,768.00. Following the transaction, the director now directly owns 4,645 shares in the company, valued at approximately $10,820,248.80. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, Director Indra K. Nooyi purchased 27 shares of the stock in a transaction dated Wednesday, July 1st. The stock was bought at an average cost of $2,806.80 per share, with a total value of $75,783.60. Following the completion of the purchase, the director now owns 707 shares in the company, valued at $1,984,407.60. The disclosure for this purchase can be found here. Over the last 90 days, insiders have sold 9,497 shares of company stock worth $21,605,827. Corporate insiders own 16.10% 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 third-party sellers through physical stores and online stores.
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