Voit & Company LLC Purchases 101 Shares of Amazon.com, Inc. (NASDAQ:AMZN)
Voit & Company LLC boosted its position in shares of Amazon.com, Inc. (NASDAQ:AMZN) by 6.7% during the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 1,608 shares of the e-commerce giant’s stock after acquiring an additional 101 shares during the period. Amazon.com accounts for about 2.9% of Voit & Company LLC’s investment portfolio, making the stock its 13th largest position. Voit & Company LLC’s holdings in Amazon.com were worth $3,045,000 at the end of the most recent reporting period.
A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in the business. Signet Investment Advisory Group Inc. purchased a new position in shares of Amazon.com in the fourth quarter valued at $33,000. Litman Gregory Asset Management LLC purchased a new position in shares of Amazon.com in the second quarter valued at $53,000. Financial Advantage Inc. purchased a new position in shares of Amazon.com in the fourth quarter valued at $45,000. Contravisory Investment Management Inc. grew its holdings in shares of Amazon.com by 20.6% in the second quarter. Contravisory Investment Management Inc. now owns 41 shares of the e-commerce giant’s stock valued at $78,000 after purchasing an additional 7 shares in the last quarter. Finally, Mascoma Wealth Management LLC grew its holdings in shares of Amazon.com by 15.6% in the fourth quarter. Mascoma Wealth Management LLC now owns 52 shares of the e-commerce giant’s stock valued at $78,000 after purchasing an additional 7 shares in the last quarter. Institutional investors own 57.26% of the company’s stock.
Shares of NASDAQ:AMZN traded up $26.36 on Wednesday, hitting $1,827.74. 22,365 shares of the company’s stock were exchanged, compared to its average volume of 3,991,210. Amazon.com, Inc. has a 12 month low of $1,307.00 and a 12 month high of $2,050.50. The stock has a market capitalization of $886.71 billion, a price-to-earnings ratio of 90.72, a price-to-earnings-growth ratio of 2.27 and a beta of 1.55. The business’s 50 day simple moving average is $1,900.80 and its two-hundred day simple moving average is $1,816.82. The company has a debt-to-equity ratio of 0.44, a current ratio of 1.10 and a quick ratio of 0.84.
AMZN has been the subject of a number of recent research reports. Goldman Sachs Group reissued a “buy” rating on shares of Amazon.com in a report on Friday, July 26th. Royal Bank of Canada reissued a “buy” rating on shares of Amazon.com in a report on Monday, August 5th. DA Davidson raised their target price on shares of Amazon.com to $2,550.00 and gave the company a “buy” rating in a report on Friday, April 26th. Robert W. Baird set a $2,150.00 price target on Amazon.com and gave the stock an “outperform” rating in a research report on Friday, July 26th. Finally, Loop Capital set a $2,380.00 price target on Amazon.com and gave the stock a “buy” rating in a research report on Monday, July 15th. One equities research analyst has rated the stock with a sell rating, two have given a hold rating and forty-two have given a buy rating to the stock. The company currently has a consensus rating of “Buy” and a consensus target price of $2,251.95.
In other news, VP Shelley Reynolds sold 379 shares of Amazon.com stock in a transaction on Thursday, August 15th. The stock was sold at an average price of $1,775.43, for a total transaction of $672,887.97. Following the completion of the sale, the vice president now directly owns 6,307 shares in the company, valued at $11,197,637.01. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, insider David Zapolsky sold 763 shares of Amazon.com stock in a transaction on Wednesday, July 10th. The stock was sold at an average price of $2,000.00, for a total value of $1,526,000.00. Following the sale, the insider now owns 2,698 shares of the company’s stock, valued at $5,396,000. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 14,570 shares of company stock valued at $27,690,021. Corporate insiders own 16.10% of the company’s stock.
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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