Aries Wealth Management Trims Stock Position in Amazon.com, Inc. (NASDAQ:AMZN)
Aries Wealth Management reduced its stake in shares of Amazon.com, Inc. (NASDAQ:AMZN) by 0.5% in the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 1,196 shares of the e-commerce giant’s stock after selling 6 shares during the period. Amazon.com accounts for about 2.0% of Aries Wealth Management’s holdings, making the stock its 12th biggest position. Aries Wealth Management’s holdings in Amazon.com were worth $3,300,000 as of its most recent filing with the Securities and Exchange Commission (SEC).
A number of other institutional investors also recently added to or reduced their stakes in the business. Danda Trouve Investment Management Inc. acquired a new stake in shares of Amazon.com during the 4th quarter worth about $28,000. Gantzert Investment Co. LLC ADV purchased a new position in Amazon.com during the second quarter worth approximately $28,000. Sofos Investments Inc. increased its holdings in shares of Amazon.com by 120.0% during the 1st quarter. Sofos Investments Inc. now owns 121 shares of the e-commerce giant’s stock worth $31,000 after buying an additional 66 shares during the last quarter. Deane Retirement Strategies Inc. grew its position in Amazon.com by 142.9% during the first quarter. Deane Retirement Strategies Inc. now owns 17 shares of the e-commerce giant’s stock valued at $33,000 after acquiring an additional 10 shares during the period. Finally, ERTS Wealth Advisors LLC purchased a new position in shares of Amazon.com in the 4th quarter worth about $35,000. 64.65% of the stock is owned by institutional investors.
AMZN has been the topic of a number of research reports. Susquehanna Bancshares restated a “positive” rating and issued a $3,000.00 price objective (up from $2,500.00) on shares of Amazon.com in a report on Friday, May 1st. China International Capital raised their price objective on Amazon.com from $1,850.00 to $2,162.00 in a report on Wednesday, May 6th. BidaskClub upgraded Amazon.com from a “buy” rating to a “strong-buy” rating in a report on Friday, July 3rd. Jefferies Financial Group raised their target price on Amazon.com from $2,800.00 to $3,100.00 and gave the company a “buy” rating in a report on Wednesday, June 10th. Finally, JPMorgan Chase & Co. reiterated a “buy” rating on shares of Amazon.com in a report on Monday, May 4th. One investment analyst has rated the stock with a sell rating, four have given a hold rating, forty-six have issued a buy rating and one has issued a strong buy rating to the stock. Amazon.com presently has a consensus rating of “Buy” and a consensus target price of $2,693.66.
AMZN stock opened at $3,182.63 on Friday. The company has a debt-to-equity ratio of 0.36, a quick ratio of 0.84 and a current ratio of 1.08. The stock has a market cap of $1,587.43 billion, a P/E ratio of 152.06, a P/E/G ratio of 6.27 and a beta of 1.32. The firm has a 50 day simple moving average of $2,622.41 and a 200 day simple moving average of $2,181.00. Amazon.com, Inc. has a 52 week low of $1,626.03 and a 52 week high of $3,193.88.
Amazon.com (NASDAQ:AMZN) last posted its earnings results on Thursday, April 30th. The e-commerce giant reported $5.01 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $6.36 by ($1.35). The business had revenue of $75.45 billion during the quarter, compared to analyst estimates of $74.15 billion. Amazon.com had a net margin of 3.56% and a return on equity of 17.83%. Amazon.com’s revenue was up 26.4% compared to the same quarter last year. During the same quarter last year, the firm earned $7.09 earnings per share. Sell-side analysts predict that Amazon.com, Inc. will post 20.08 EPS for the current year.
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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