Center For Asset Management LLC increases stake in Amazon.com, Inc. (NASDAQ:AMZN)

Center For Asset Management LLC lifted its holdings in Amazon.com, Inc. (NASDAQ:AMZN – Free Report) by 12.5% ​​during the 2nd quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 12,289 shares of the e-commerce giant’s stock after purchasing an additional 1,370 shares during the quarter. Amazon.com makes up about 1.4% of Center For Asset Management LLC’s portfolio, making the stock its 17th biggest position. Center For Asset Management LLC’s holdings in Amazon.com were worth $2,375,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have recently modified their holdings of the company. Garrison Point Advisors LLC grew its holdings in shares of Amazon.com by 0.3% in the first quarter. Garrison Point Advisors LLC now owns 20,375 shares of the e-commerce giant’s stock valued at $3,675,000 after purchasing an additional 55 shares during the last quarter. Meridian Investment Counsel Inc. raised its stake in Amazon.com by 1.8% in the second quarter. Meridian Investment Counsel Inc. now owns 3,076 shares of the e-commerce giant’s stock worth $594,000 after acquiring an additional 55 shares in the last quarter. Ridgecrest Wealth Partners LLC raised its position in Amazon.com by 0.7% in the first quarter. Ridgecrest Wealth Partners LLC now owns 7,755 shares of the e-commerce giant’s stock worth $1,399,000 after acquiring an additional 56 shares during the period. Stordahl Capital Management Inc. raised its stake in Amazon.com by 2.1% in the first quarter. Stordahl Capital Management Inc. now owns 2,763 shares of the e-commerce giant’s stock valued at $498,000 after buying an additional 56 shares in the last quarter. Finally, Lutz Financial Services LLC raised its stake in Amazon.com by 1.9% in the 1st quarter. Lutz Financial Services LLC now owns 3,053 shares of the e-commerce giant’s stock valued at $551,000 after buying an additional 57 shares in the last quarter. 72.20% of shares are held by institutional investors.

Insider buying and selling

In other Amazon.com news, CFO Brian T. Olsavsky sold 14,600 shares of Amazon.com stock in a transaction dated Wednesday, August 21st. The shares were sold at an average price of $180.00, for a total transaction of $2,628,000.00. Following the completion of the sale, the chief financial officer now directly owns 49,000 shares of the company’s stock, valued at approximately $8,820,000. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed via this link. In other Amazon.com news, VP Shelley Reynolds sold 3,791 shares of Amazon.com stock in a transaction that occurred on Wednesday, August 21st. The shares were sold at an average price of $181.04, for a total transaction of $686,322.64. Following the transaction, the vice president now owns 121,461 shares of the company’s stock, valued at $21,989,299.44. The transaction was disclosed in a filing with the SEC, which is available at this link. Also, CFO Brian T. Olsavsky sold 14,600 shares of the stock in a transaction that occurred on Wednesday, August 21st. The shares were sold at an average price of $180.00, for a total value of $2,628,000.00. Following the completion of the sale, the chief financial officer now directly owns 49,000 shares of the company’s stock, valued at $8,820,000. The disclosure for this sale can be found here. In the last quarter, insiders sold 6,104,317 shares of company stock valued at $1,220,621,322. Corporate insiders own 10.80% of the company’s shares.

Analyst upgrades and downgrades

Several equities research analysts have commented on AMZN shares. JPMorgan Chase & Co. cut their target price on shares of Amazon.com from $240.00 to $230.00 and set an “overweight” rating on the stock in a report on Friday, August 2nd. Roth Mkm raised their target price on Amazon.com from $210.00 to $215.00 and gave the company a “buy” rating in a research report on Friday, August 2nd. Rosenblatt Securities boosted their price objective on shares of Amazon.com from $220.00 to $221.00 and gave the stock a “buy” rating in a research note on Friday, August 2nd. Evercore ISI upped their target price on shares of Amazon.com from $225.00 to $240.00 and gave the company an “outperform” rating in a research note on Friday. Finally, Wolfe Research assumed coverage on shares of Amazon.com in a report on Tuesday, July 16th. They set an “outperform” rating and a $250.00 price target on the stock. One investment analyst has rated the stock with a hold rating, forty have assigned a buy rating and two have given a strong buy rating to the company’s stock. The company currently has a consensus rating of “Buy” and a consensus price target of $222.84, according to MarketBeat.

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Amazon.com Price Performance

Shares of NASDAQ AMZN opened at $191.60 on Monday. The company has a debt-to-equity ratio of 0.23, a current ratio of 1.10, and a quick ratio of 0.88. The company has a market cap of $1.99 trillion, a price-to-earnings ratio of 53.67, a price-to-earnings-growth ratio of 1.39 and a beta of 1.14. The stock’s 50-day moving average is $178.54, and its two-hundred-day moving average is $182.10. Amazon.com, Inc. has a 1 year low of $118.35 and a 1 year high of $201.20.

Amazon.com (NASDAQ:AMZN – Get Your Free Report ) last issued its quarterly earnings results on Thursday, August 1st. The e-commerce giant reported $1.23 EPS for the quarter, topping the consensus estimate of $1.05 by $0.18. Amazon.com had a net margin of 7.35% and a return on equity of 21.39%. The company had revenue of $147.98 billion during the quarter, compared to analysts’ expectations of $148.63 billion. Analysts estimate that Amazon.com, Inc. will post 4.86 EPS for the current fiscal year.

Amazon.com profile

(Free Report)

Amazon.com, Inc engages in the retail sale of consumer products, advertising and subscription services through online and brick-and-mortar stores in North America and internationally. The company operates through three segments: North America, International and Amazon Web Services (AWS). It also makes and sells electronic devices, including Kindle, Fire tablets, Fire TVs, Echo, Ring, Blink and eero; and develops and produces media content.

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