Atlas Private Wealth Advisors Buys Shares of 1,868 Amazon.com, Inc. (NASDAQ: AMZN)


Atlas Private Wealth Advisors bought a new stake in Amazon.com, Inc. (NASDAQ: AMZN) in the first quarter, HoldingsChannel reports. The institutional investor bought 1,868 shares of the e-commerce giant’s stock, valued at approximately $ 6,229,000. Amazon.com comprises 2.9% of Atlas Private Wealth Advisors ’holdings, making the stock its 8th biggest position.

A number of other institutional investors have also added to or reduced their stakes in the business. Towercrest Capital Management grew its holdings in Amazon.com by 3.7% in the 3rd quarter. Towercrest Capital Management now owns 111 shares of the e-commerce giant’s stock valued at $ 365,000 after buying an additional 4 shares during the period. First Command Bank grew its holdings in Amazon.com by 0.3% in the 3rd quarter. First Command Bank now owns 1,161 shares of the e-commerce giant’s stock valued at $ 3,814,000 after buying an additional 4 shares during the period. Stone House Investment Management LLC grew its holdings in Amazon.com by 6.5% in the 4th quarter. Stone House Investment Management LLC now owns 66 shares of the e-commerce giant’s stock valued at $ 220,000 after buying an additional 4 shares during the period. Grand Central Investment Group grew its holdings in Amazon.com by 4.1% in the 4th quarter. Grand Central Investment Group now owns 102 shares of the e-commerce giant’s stock valued at $ 340,000 after buying an additional 4 shares during the period. Finally, MA Private Wealth grew its holdings in Amazon.com by 3.1% in the 4th quarter. MA Private Wealth now owns 134 shares of the e-commerce giant’s stock valued at $ 447,000 after buying an additional 4 shares during the period. 72.51% of the stock is owned by institutional investors.

Shares of AMZN opened at $ 112.44 on Friday. The firm has a market capitalization of $ 1.14 trillion, a price-to-earnings ratio of 54.28, a price-to-earnings-growth ratio of 3.32 and a beta of 1.23. The company has a debt-to-equity ratio of 0.35, a quick ratio of 0.71 and a current ratio of 0.96. Amazon.com, Inc. has a one year low of $ 101.26 and a one year high of $ 188.65. The stock’s fifty day moving average is $ 120.06 and its 200-day moving average is $ 145.00.

Amazon.com (NASDAQ: AMZN – Get Rating) last issued its quarterly earnings results on Thursday, April 28th. The e-commerce giant reported $ 0.21 EPS for the quarter, missing analysts’ consensus estimates of $ 0.44 by ($ 0.23). The business had revenue of $ 116.44 billion for the quarter, compared to analyst estimates of $ 116.52 billion. Amazon.com had a net margin of 4.48% and a return on equity of 21.60%. Amazon.com’s revenue for the quarter was up 7.3% on a year-over-year basis. During the same period last year, the business posted $ 0.79 earnings per share. Analysts forecast that Amazon.com, Inc. will post 1.22 EPS for the current fiscal year.

In related news, CEO Andrew R. Jassy sold 1,181 shares of the firm’s stock in a transaction dated Monday, May 16th. The stock was sold at an average price of $ 2,262.00, for a total transaction of $ 2,671,422.00. Following the completion of the transaction, the chief executive officer now owns 92,781 shares of the company’s stock, valued at $ 209,870,622. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, CEO David H. Clark sold 2,270 shares of the stock in a transaction on Monday, May 23rd. The shares were sold at an average price of $ 2,169.22, for a total value of $ 4,924,129.40. Following the completion of the transaction, the chief executive officer now owns 6,695 shares of the company’s stock, valued at approximately $ 14,522,927.90. The disclosure for this sale can be found here. Insiders have sold 4,837 shares of company stock valued at $ 10,642,923 in the last ninety days. Company insiders own 12.70% of the company’s stock.

Several research firms have recently weighed in on AMZN. Robert W. Baird reduced their price objective on Amazon.com from $ 200.00 to $ 187.50 in a research note on Friday, April 29th. Rosenblatt Securities began coverage on Amazon.com in a research note on Tuesday, April 19th. They issued a “neutral” rating and a $ 150.00 objective price on the stock. Susquehanna reduced their price objective on Amazon.com from $ 250.00 to $ 190.00 in a research note on Friday, April 29th. Cowen reduced their price objective on Amazon.com from $ 220.00 to $ 212.50 in a research note on Friday, April 29th. Finally, Exane BNP Paribas assumed coverage on Amazon.com in a research note on Tuesday, March 29th. They issued an “underperform” rating and a $ 140.00 price objective on the stock. Three research analysts have rated the stock with a sell rating, one has issued a hold rating and thirty-seven have issued a buy rating to the company’s stock. According to MarketBeat.com, Amazon.com currently has an average rating of “Moderate Buy” and a consensus target price of $ 187.67.

About Amazon.com (Get Rating)

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). It sells merchandise and content purchased for resale from third-party sellers through physical and online stores.

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



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