Bogart Wealth LLC Has $393,000 Position in Amazon.com, Inc. (AMZN)

Bogart Wealth LLC boosted its position in shares of Amazon.com, Inc. (NASDAQ:AMZN) by 11.0% during the 4th quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 262 shares of the e-commerce giant’s stock after purchasing an additional 26 shares during the period. Bogart Wealth LLC’s holdings in Amazon.com were worth $393,000 at the end of the most recent reporting period.

Other institutional investors also recently bought and sold shares of the company. Spence Asset Management lifted its position in Amazon.com by 127.3% during the 4th quarter. Spence Asset Management now owns 25 shares of the e-commerce giant’s stock worth $38,000 after acquiring an additional 14 shares during the last quarter. Contravisory Investment Management Inc. lifted its position in Amazon.com by 112.5% during the 4th quarter. Contravisory Investment Management Inc. now owns 34 shares of the e-commerce giant’s stock worth $51,000 after acquiring an additional 18 shares during the last quarter. Cordasco Financial Network lifted its position in Amazon.com by 17.4% during the 4th quarter. Cordasco Financial Network now owns 54 shares of the e-commerce giant’s stock worth $81,000 after acquiring an additional 8 shares during the last quarter. Spirit of America Management Corp NY acquired a new position in Amazon.com during the 3rd quarter worth $110,000. Finally, Watermark Asset Management Inc. lifted its position in Amazon.com by 18.5% during the 4th quarter. Watermark Asset Management Inc. now owns 96 shares of the e-commerce giant’s stock worth $144,000 after acquiring an additional 15 shares during the last quarter. Institutional investors and hedge funds own 56.03% of the company’s stock.

Shares of AMZN traded up $0.50 during mid-day trading on Thursday, hitting $1,902.25. 4,274,301 shares of the company traded hands, compared to its average volume of 4,818,619. Amazon.com, Inc. has a one year low of $1,307.00 and a one year high of $2,050.50. The company has a debt-to-equity ratio of 0.54, a current ratio of 1.10 and a quick ratio of 0.85. The stock has a market capitalization of $946.60 billion, a P/E ratio of 94.45, a price-to-earnings-growth ratio of 2.32 and a beta of 1.63.

Amazon.com (NASDAQ:AMZN) last released its quarterly earnings results on Thursday, April 25th. The e-commerce giant reported $7.09 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $4.61 by $2.48. Amazon.com had a net margin of 4.33% and a return on equity of 27.02%. The business had revenue of $59.70 billion for the quarter, compared to analysts’ expectations of $59.73 billion. During the same period in the prior year, the firm earned $3.27 earnings per share. Amazon.com’s revenue was up 17.0% compared to the same quarter last year. As a group, analysts anticipate that Amazon.com, Inc. will post 26.64 EPS for the current year.

A number of research firms have weighed in on AMZN. Stifel Nicolaus reissued a “buy” rating and set a $2,300.00 target price on shares of Amazon.com in a research report on Monday. Wedbush reaffirmed an “outperform” rating and set a $1,861.69 price objective on shares of Amazon.com in a research report on Monday. Societe Generale initiated coverage on shares of Amazon.com in a research report on Monday, April 8th. They set a “buy” rating and a $2,370.00 price objective for the company. Oppenheimer upped their price objective on shares of Amazon.com from $1,975.00 to $2,085.00 and gave the company an “outperform” rating in a research report on Monday, April 1st. Finally, CIBC upped their price objective on shares of Amazon.com from $1,975.00 to $2,085.00 and gave the company an “outperform” rating in a research report on Monday, April 1st. Four analysts have rated the stock with a hold rating and forty-six have given a buy rating to the stock. Amazon.com presently has an average rating of “Buy” and a consensus target price of $2,133.35.

In related news, CEO Jeffrey A. Wilke sold 1,645 shares of the stock in a transaction that occurred on Thursday, February 21st. The shares were sold at an average price of $1,614.65, for a total value of $2,656,099.25. Following the transaction, the chief executive officer now directly owns 10,000 shares in the company, valued at $16,146,500. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, CEO Jeffrey A. Wilke sold 2,000 shares of the stock in a transaction that occurred on Thursday, March 21st. The shares were sold at an average price of $1,811.14, for a total transaction of $3,622,280.00. Following the completion of the transaction, the chief executive officer now owns 10,000 shares in the company, valued at $18,111,400. The disclosure for this sale can be found here. Insiders sold 7,075 shares of company stock worth $11,802,708 over the last 90 days. 16.30% of the stock is currently owned by company insiders.

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Amazon.com Company Profile

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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Institutional Ownership by Quarter for Amazon.com (NASDAQ:AMZN)

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