Valued Wealth Advisors LLC Grows Stock Position in Amazon.com, Inc. (NASDAQ:AMZN)

Valued Wealth Advisors LLC increased its holdings in Amazon.com, Inc. (NASDAQ:AMZN) by 12.3% during the 2nd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 1,794 shares of the e-commerce giant’s stock after buying an additional 197 shares during the period. Amazon.com comprises about 0.2% of Valued Wealth Advisors LLC’s holdings, making the stock its 24th largest position. Valued Wealth Advisors LLC’s holdings in Amazon.com were worth $347,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also made changes to their positions in the business. Midwest Financial Group LLC boosted its position in shares of Amazon.com by 3.1% in the 2nd quarter. Midwest Financial Group LLC now owns 5,405 shares of the e-commerce giant’s stock worth $1,045,000 after buying an additional 163 shares in the last quarter. Hengehold Capital Management LLC lifted its holdings in Amazon.com by 2.3% in the 2nd quarter. Hengehold Capital Management LLC now owns 12,254 shares of the e-commerce giant’s stock valued at $2,368,000 after purchasing an additional 271 shares in the last quarter. 180 Wealth Advisors LLC lifted its holdings in Amazon.com by 0.6% in the 2nd quarter. 180 Wealth Advisors LLC now owns 93,574 shares of the e-commerce giant’s stock valued at $18,252,000 after purchasing an additional 563 shares in the last quarter. Seed Wealth Management Inc. lifted its holdings in Amazon.com by 2.7% in the 2nd quarter. Seed Wealth Management Inc. now owns 7,620 shares of the e-commerce giant’s stock valued at $1,473,000 after purchasing an additional 200 shares in the last quarter. Finally, TruWealth Advisors LLC lifted its holdings in Amazon.com by 0.5% in the 2nd quarter. TruWealth Advisors LLC now owns 183,093 shares of the e-commerce giant’s stock valued at $35,383,000 after purchasing an additional 950 shares in the last quarter. 72.20% of the stock is currently owned by hedge funds and other institutional investors.

Amazon.com Stock Performance

Shares of AMZN opened at $178.50 on Friday. Amazon.com, Inc. has a 1 year low of $118.35 and a 1 year high of $201.20. The company has a market cap of $1.86 trillion, a price-to-earnings ratio of 50.00, a price-to-earnings-growth ratio of 1.32 and a beta of 1.15. The company has a debt-to-equity ratio of 0.27, a quick ratio of 0.87 and a current ratio of 1.07. The firm has a fifty day moving average of $182.68 and a 200-day moving average of $180.99.

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, topping the consensus estimate of $1.05 by $0.18. The business had revenue of $147.98 billion during the quarter, compared to the consensus estimate of $148.63 billion. Amazon.com had a net margin of 7.35% and a return on equity of 22.35%. As a group, equities analysts anticipate that Amazon.com, Inc. will post 4.73 earnings per share for the current year.

Insider Buying and Selling

In related news, insider Jeffrey P. Bezos sold 3,085,116 shares of the company’s stock in a transaction dated Friday, July 5th. The shares were sold at an average price of $200.07, for a total value of $617,239,158.12. Following the completion of the sale, the insider now owns 931,925,277 shares of the company’s stock, valued at $186,450,290,169.39. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. In other Amazon.com news, CEO Douglas J. Herrington sold 3,500 shares of the business’s stock in a transaction dated Monday, June 3rd. The shares were sold at an average price of $177.29, for a total value of $620,515.00. Following the sale, the chief executive officer now directly owns 523,253 shares in the company, valued at $92,767,524.37. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, insider Jeffrey P. Bezos sold 3,085,116 shares of the business’s stock in a transaction dated Friday, July 5th. The stock was sold at an average price of $200.07, for a total transaction of $617,239,158.12. Following the completion of the sale, the insider now owns 931,925,277 shares in the company, valued at $186,450,290,169.39. The disclosure for this sale can be found here. Insiders sold 6,107,817 shares of company stock valued at $1,221,241,837 over the last 90 days. 10.80% of the stock is currently owned by company insiders.

Analyst Ratings Changes

Several research analysts have recently weighed in on the stock. Robert W. Baird increased their price objective on shares of Amazon.com from $210.00 to $213.00 and gave the stock an “outperform” rating in a report on Friday, June 21st. Bank of America decreased their target price on shares of Amazon.com from $220.00 to $210.00 and set a “buy” rating on the stock in a research report on Friday, August 2nd. Truist Financial raised their price target on shares of Amazon.com from $220.00 to $230.00 and gave the company a “buy” rating in a report on Monday, July 22nd. Royal Bank of Canada restated an “outperform” rating and issued a $215.00 price target on shares of Amazon.com in a report on Friday, August 2nd. Finally, Stifel Nicolaus cut their price target on shares of Amazon.com from $228.00 to $224.00 and set a “buy” rating on the stock in a report on Friday, August 2nd. One research 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’s stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Buy” and a consensus target price of $221.36.

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.