Ascent Group LLC Has $18.98 Million Stock Holdings in Amazon.com, Inc. (NASDAQ:AMZN)

Ascent Group LLC lifted its holdings in shares of Amazon.com, Inc. (NASDAQ:AMZN - Free Report) by 7.2% in the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 98,200 shares of the e-commerce giant's stock after buying an additional 6,566 shares during the quarter. Amazon.com comprises approximately 1.5% of Ascent Group LLC's investment portfolio, making the stock its 7th biggest holding. Ascent Group LLC's holdings in Amazon.com were worth $18,977,000 at the end of the most recent quarter.

Several other institutional investors also recently modified their holdings of AMZN. Phillips Wealth Planners LLC boosted its holdings in shares of Amazon.com by 9.2% in the first quarter. Phillips Wealth Planners LLC now owns 2,655 shares of the e-commerce giant's stock valued at $487,000 after buying an additional 224 shares during the period. Stonekeep Investments LLC acquired a new position in shares of Amazon.com in the second quarter valued at approximately $2,588,000. Rockport Wealth LLC lifted its position in shares of Amazon.com by 2,240.6% in the second quarter. Rockport Wealth LLC now owns 76,749 shares of the e-commerce giant's stock worth $14,832,000 after purchasing an additional 73,470 shares in the last quarter. Concord Investment Counsel Inc. bought a new stake in shares of Amazon.com in the first quarter worth $20,790,000. Finally, O Shaughnessy Asset Management LLC lifted its position in shares of Amazon.com by 26.1% in the first quarter. O Shaughnessy Asset Management LLC now owns 644,319 shares of the e-commerce giant's stock worth $116,222,000 after purchasing an additional 133,471 shares in the last quarter. Institutional investors and hedge funds own 72.20% of the company's stock.

Insider Buying and Selling

In other Amazon.com news, CEO Andrew R. Jassy sold 20,784 shares of the firm's stock in a transaction on Wednesday, August 21st. The stock was sold at an average price of $180.77, for a total transaction of $3,757,123.68. Following the completion of the transaction, the chief executive officer now owns 2,056,534 shares of the company's stock, valued at approximately $371,759,651.18. This trade represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through this link. In other Amazon.com news, CEO Andrew R. Jassy sold 20,784 shares of the firm's stock in a transaction on Wednesday, August 21st. The stock was sold at an average price of $180.77, for a total transaction of $3,757,123.68. Following the completion of the transaction, the chief executive officer now owns 2,056,534 shares of the company's stock, valued at approximately $371,759,651.18. This trade represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through this link. Also, SVP David Zapolsky sold 2,190 shares of the firm's stock in a transaction 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 transaction, the senior vice president now directly owns 62,420 shares of the company's stock, valued at $12,171,900. This represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 54,355 shares of company stock valued at $9,877,423 over the last quarter. 10.80% of the stock is owned by company insiders.

Amazon.com Trading Up 0.8 %

Shares of NASDAQ:AMZN traded up $1.45 during trading on Friday, reaching $187.83. 29,362,060 shares of the company traded hands, compared to its average volume of 40,993,910. The firm has a market capitalization of $1.95 trillion, a price-to-earnings ratio of 52.61, a P/E/G ratio of 1.38 and a beta of 1.14. Amazon.com, Inc. has a 52-week low of $118.35 and a 52-week high of $201.20. The company has a current ratio of 1.10, a quick ratio of 0.88 and a debt-to-equity ratio of 0.23. The business's fifty day moving average is $183.50 and its 200-day moving average is $183.54.

Amazon.com (NASDAQ:AMZN - Get Free Report) last announced its quarterly earnings results on Thursday, August 1st. The e-commerce giant reported $1.23 EPS for the quarter, topping analysts' consensus estimates of $1.05 by $0.18. Amazon.com had a return on equity of 21.39% and a net margin of 7.35%. The company had revenue of $147.98 billion during the quarter, compared to analyst estimates of $148.63 billion. As a group, analysts forecast that Amazon.com, Inc. will post 4.85 EPS for the current year.

Analyst Ratings Changes

A number of brokerages have recently commented on AMZN. Benchmark reissued a "buy" rating and issued a $200.00 price objective on shares of Amazon.com in a research report on Friday, August 2nd. The Goldman Sachs Group cut their price objective on shares of Amazon.com from $250.00 to $230.00 and set a "buy" rating on the stock in a research report on Friday, August 2nd. Royal Bank of Canada reissued an "outperform" rating and issued a $215.00 price objective on shares of Amazon.com in a research report on Friday, August 2nd. Evercore ISI reaffirmed an "outperform" rating and set a $240.00 price target on shares of Amazon.com in a research report on Friday, October 11th. Finally, JPMorgan Chase & Co. dropped their price target on shares of Amazon.com from $240.00 to $230.00 and set an "overweight" rating on the stock in a research report on Friday, August 2nd. Two research analysts have rated the stock with a hold rating, forty-two have issued a buy rating and one has given a strong buy rating to the company's stock. According to MarketBeat, Amazon.com has a consensus rating of "Moderate Buy" and a consensus target price of $236.78.

Amazon.com Company Profile

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