FFT Wealth Management LLC Increases Share Holdings in Amazon.com, Inc. (NASDAQ:AMZN)

FFT Wealth Management LLC raised its stake in Amazon.com, Inc. (NASDAQ:AMZN) by 6.0% in the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 30,749 shares of the e-commerce giant’s stock after acquiring an additional 1,745 shares during the quarter. Amazon.com makes up 0.5% of FFT Wealth Management LLC’s portfolio, making the stock its 25th largest holding. FFT Wealth Management LLC’s holdings in Amazon.com were worth $5,942,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds have also recently modified their holdings of the company. LGL Partners LLC increased its position in shares of Amazon.com by 20.5% in the second quarter. LGL Partners LLC now owns 15,494 shares of the e-commerce giant’s stock valued at $2,994,000 after purchasing an additional 2,638 shares during the period. Elevated Capital Advisors LLC boosted its holdings in Amazon.com by 4.4% in the second quarter. Elevated Capital Advisors LLC now owns 11,036 shares of the e-commerce giant’s stock valued at $2,133,000 after purchasing an additional 466 shares during the period. Union Savings Bank raised its stake in Amazon.com by 4.6% in the 2nd quarter. Union Savings Bank now owns 8,227 shares of the e-commerce giant’s stock valued at $1,590,000 after acquiring an additional 360 of shares in the last quarter. OAKMONT Corp boosted its position in shares of Amazon.com by 20.3% in the second quarter. OAKMONT Corp now owns 430,517 shares of the e-commerce giant’s stock worth $83,197,000 after acquiring an additional 72,576 shares in the last quarter. Finally, LCM Capital Management Inc grew its holdings in Amazon.com by 1.5% in the second quarter. LCM Capital Management Inc now owns 18,919 shares of the e-commerce giant’s stock valued at $3,656,000 after acquiring an additional 286 shares during the period. 72.20% of shares are owned by institutional investors and hedge funds.

Analyst upgrades and downgrades

A number of brokerage houses intervened on AMZN. Barclays raised their target price on shares of Amazon.com from $220.00 to $235.00 and gave the company an “overweight” rating in a report on Friday, August 2nd. Evercore ISI boosted their target price on Amazon.com from $225.00 to $240.00 and gave the stock an “outperform” rating in a research note on Friday, September 20th. Cantor Fitzgerald restated an “overweight” rating and issued a $230.00 price objective on shares of Amazon.com in a report on Monday, September 23rd. Wells Fargo & Company cut their price target on shares of Amazon.com from $232.00 to $225.00 and set an “overweight” rating on the stock in a report on Monday, August 26th. Finally, Roth Mkm increased their price objective on shares of Amazon.com from $210.00 to $215.00 and gave the stock a “buy” rating in a research note on Friday, August 2nd. . One research analyst has rated the stock with a hold rating, forty-one have given a buy rating and one has assigned a strong buy rating to the stock. The stock presently has a consensus rating of “Buy” and a consensus price target of $222.84, based on data from MarketBeat.com.

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Amazon.com trading down 1.7%

NASDAQ:AMZN opened at $187.97 on Monday. Amazon.com, Inc. it has a 52-week low of $118.35 and a 52-week high of $201.20. The company has a quick ratio of 0.88, a current ratio of 1.10, and a debt-to-equity ratio of 0.23. The company has a market cap of $1.96 trillion, a PE ratio of 52.65, a P/E/G ratio of 1.46 and a beta of 1.14. The company’s 50-day moving average is $178.92, and its two-hundred-day moving average is $182.68.

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

Insider trading on Amazon.com

In other news, SVP David Zapolsky sold 2,190 shares of the stock in a transaction that occurred on Tuesday, September 24th. The shares were sold at an average price of $195.00, for a total transaction of $427,050.00. Following the sale, the senior vice president now directly owns 62,420 shares in the company, valued at approximately $12,171,900. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC’s website. In other Amazon.com news, insider Jeffrey P. Bezos sold 3,085,116 shares of the company’s stock in a transaction that occurred on Friday, July 5th. The shares were sold at an average price of $200.07, for a total value of $617,239,158.12. Following the sale, the insider now owns 931,925,277 shares in the company, valued at $186,450,290,169.39. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available on the SEC’s website. Also, SVP David Zapolsky sold 2,190 shares of Amazon.com stock in a transaction that occurred on Tuesday, September 24th. The shares were sold at an average price of $195.00, for a total value of $427,050.00. Following the sale, the senior vice president now directly owns 62,420 shares in the company, valued at approximately $12,171,900. The disclosure for this sale can be found here. Insiders sold a total of 6,098,297 shares of company stock valued at $1,219,443,957 in the last quarter. Insiders own 10.80% of the company’s shares.

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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