Amazon.com, Inc. (NASDAQ:AMZN) Shares Purchased by Intergy Private Wealth LLC

Intergy Private Wealth LLC boosted its position in shares of Amazon.com, Inc. (NASDAQ:AMZN) by 11.1% in the second quarter, according to the company in its most recent filing with the SEC. The firm owned 2,355 shares of the e-commerce giant’s stock after acquiring an additional 235 shares during the quarter. Intergy Private Wealth LLC’s holdings in Amazon.com were worth $455,000 at the end of the most recent reporting period.

Several other large investors have also added to or reduced their stakes in AMZN. Collective Family Office LLC boosted its position in Amazon.com by 9.7% in the first quarter. Collective Family Office LLC now owns 9,278 shares of the e-commerce giant’s stock valued at $1,674,000 after buying an additional 819 shares during the last quarter. Members Trust Co lifted its stake in Amazon.com by 8.9% during the 4th quarter. Members Trust Co now owns 4,157 shares of the e-commerce giant’s stock valued at $638,000 after acquiring an additional 341 shares during the period. Phillips Wealth Planners LLC boosted its holdings in shares of Amazon.com by 9.2% in the 1st quarter. Phillips Wealth Planners LLC now owns 2,655 shares of the e-commerce giant’s stock valued at $487,000 after acquiring an additional 224 shares during the last quarter. LifePlan Financial LLC acquired a new stake in shares of Amazon.com in the fourth quarter worth $1,276,000. Finally, Legacy CG LLC raised its holdings in shares of Amazon.com by 8.2% during the fourth quarter. Legacy CG LLC now owns 55,645 shares of the e-commerce giant’s stock worth $8,455,000 after purchasing an additional 4,217 shares during the last quarter. Hedge funds and other institutional investors own 72.20% of the company’s stock.

Analyst Ratings Changes

Several equities research analysts have weighed in on AMZN shares. Itau BBA Securities downgraded Amazon.com from an “outperform” rating to a “market perform” rating and set a $186.00 price target on the stock. in a research report on Friday, August 2nd. Evercore ISI upped their target price on Amazon.com from $220.00 to $225.00 and gave the stock an “outperform” rating in a research note on Wednesday, May 1st. Sanford C. Bernstein lifted their price target on Amazon.com from $210.00 to $215.00 and gave the company an “outperform” rating in a research report on Monday, July 22nd. Telsey Advisory Group upped their price objective on Amazon.com from $200.00 to $215.00 and gave the stock an “outperform” rating in a research report on Wednesday, May 1st. Finally, Needham & Company LLC lifted their target price on shares of Amazon.com from $205.00 to $210.00 and gave the company a “buy” rating in a report on Wednesday, July 17th. One analyst has rated the stock with a hold rating, forty have given a buy rating and one has assigned a strong buy rating to the company’s stock. According to data from MarketBeat, the company presently has a consensus rating of “Buy” and an average price target of $221.36.

Insider Activity

In other news, VP Shelley Reynolds sold 3,791 shares of Amazon.com stock in a transaction that occurred on Wednesday, August 21st. The shares were sold at an average price of $181.04, for a total transaction of $686,322.64. Following the sale, the vice president now 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 can be accessed through this link. In other Amazon.com news, VP Shelley Reynolds sold 3,791 shares of Amazon.com stock in a transaction 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 sale, the vice president now owns 121,461 shares in the company, valued at $21,989,299.44. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, CEO Douglas J. Herrington sold 3,500 shares of the company’s stock in a transaction on Monday, June 3rd. The shares were sold at an average price of $177.29, for a total value of $620,515.00. Following the completion of the transaction, the chief executive officer now directly owns 523,253 shares in the company, valued at approximately $92,767,524.37. 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 90 days. Company insiders own 10.80% of the company’s stock.

Amazon.com Stock Down 1.4 %

Shares of NASDAQ:AMZN opened at $173.12 on Wednesday. Amazon.com, Inc. has a 52-week low of $118.35 and a 52-week high of $201.20. The stock has a market cap of $1.80 trillion, a P/E ratio of 48.49, a PEG ratio of 1.32 and a beta of 1.15. The business has a fifty day moving average of $183.61 and a two-hundred day moving average of $181.09. The company has a quick ratio of 0.87, a current ratio of 1.07 and a debt-to-equity ratio of 0.27.

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