Amazon.com, Inc. (NASDAQ:AMZN) Shares Purchased by Allied Investment Advisors LLC

Allied Investment Advisors LLC boosted its stake in Amazon.com, Inc. (NASDAQ:AMZN) by 22.5% during the 2nd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 2,937 shares of the e-commerce giant’s stock after acquiring an additional 540 shares during the period. Allied Investment Advisors LLC’s holdings in Amazon.com were worth $568,000 as of its most recent SEC filing.

Several other institutional investors have also recently added to or reduced their stakes in the stock. Hyperion Partners LLC increased its position in Amazon.com by 9.5% in the 2nd quarter. Hyperion Partners LLC now owns 4,363 shares of the e-commerce giant’s stock valued at $843,000 after acquiring an additional 377 shares during the period. Mitchell & Pahl Private Wealth LLC boosted its holdings in Amazon.com by 11.1% in the 2nd quarter. Mitchell & Pahl Private Wealth LLC now owns 1,505 shares of the e-commerce giant’s stock valued at $291,000 after purchasing an additional 150 shares in the last quarter. Carr Financial Group Corp boosted its holdings in Amazon.com by 1.9% in the 2nd quarter. Carr Financial Group Corp now owns 17,178 shares of the e-commerce giant’s stock valued at $3,320,000 after purchasing an additional 313 shares in the last quarter. Successful Portfolios LLC boosted its holdings in Amazon.com by 0.5% in the 2nd quarter. Successful Portfolios LLC now owns 11,998 shares of the e-commerce giant’s stock valued at $2,319,000 after purchasing an additional 63 shares in the last quarter. Finally, Sound Income Strategies LLC boosted its holdings in Amazon.com by 10.4% in the 2nd quarter. Sound Income Strategies LLC now owns 48,859 shares of the e-commerce giant’s stock valued at $9,442,000 after purchasing an additional 4,617 shares in the last quarter. Institutional investors and hedge funds own 72.20% of the company’s stock.

Insider Buying and Selling at Amazon.com

In other Amazon.com news, VP Shelley Reynolds sold 3,791 shares of the company’s stock in a transaction dated Wednesday, August 21st. The shares were sold at an average price of $181.04, for a total value of $686,322.64. Following the completion of the transaction, the vice president now directly owns 121,461 shares of the company’s stock, valued at approximately $21,989,299.44. The transaction was disclosed in a filing with the SEC, which is accessible through this link. In other Amazon.com news, SVP David Zapolsky sold 4,710 shares of the company’s stock in a transaction that occurred on Thursday, June 27th. The stock was sold at an average price of $195.00, for a total transaction of $918,450.00. Following the sale, the senior vice president now owns 59,500 shares in the company, valued at $11,602,500. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Also, VP Shelley Reynolds sold 3,791 shares of Amazon.com stock in a transaction that occurred on Wednesday, August 21st. The stock was sold at an average price of $181.04, for a total value of $686,322.64. Following the completion of the transaction, the vice president now owns 121,461 shares of the company’s stock, valued at approximately $21,989,299.44. The disclosure for this sale can be found here. Insiders sold a total of 6,107,817 shares of company stock valued at $1,221,241,837 in the last ninety days. Insiders own 10.80% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of equities research analysts have weighed in on the company. Raymond James lifted their price objective on Amazon.com from $200.00 to $205.00 and gave the company a “strong-buy” rating in a report on Wednesday, May 1st. Wolfe Research assumed coverage on Amazon.com in a report on Tuesday, July 16th. They issued an “outperform” rating and a $250.00 price objective on the stock. Royal Bank of Canada reaffirmed an “outperform” rating and issued a $215.00 price objective on shares of Amazon.com in a report on Friday, August 2nd. Morgan Stanley lowered their price objective on Amazon.com from $240.00 to $210.00 and set an “overweight” rating on the stock in a report on Tuesday, August 6th. Finally, Stifel Nicolaus decreased their price target on Amazon.com from $228.00 to $224.00 and set a “buy” rating on the stock in a research note on Friday, August 2nd. One analyst has rated the stock with a hold rating, forty have assigned a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat, Amazon.com has a consensus rating of “Buy” and an average target price of $221.69.

Amazon.com Stock Performance

NASDAQ:AMZN opened at $177.04 on Friday. The company has a debt-to-equity ratio of 0.27, a current ratio of 1.07 and a quick ratio of 0.87. The firm has a 50-day moving average of $183.78 and a two-hundred day moving average of $180.98. The stock has a market cap of $1.84 trillion, a P/E ratio of 49.59, a PEG ratio of 1.32 and a beta of 1.15. Amazon.com, Inc. has a 1-year low of $118.35 and a 1-year high of $201.20.

Amazon.com (NASDAQ:AMZN) last posted its quarterly earnings data on Thursday, August 1st. The e-commerce giant reported $1.23 earnings per share for the quarter, beating analysts’ consensus estimates of $1.05 by $0.18. The company had revenue of $147.98 billion during the quarter, compared to analysts’ expectations of $148.63 billion. Amazon.com had a net margin of 7.35% and a return on equity of 22.35%. On average, research analysts expect that Amazon.com, Inc. will post 4.73 earnings per share for the current fiscal year.

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.