Home Federal Bank of Tennessee Boosts Position in Amazon.com, Inc. (NASDAQ:AMZN)

Home Federal Bank of Tennessee boosted its position in shares of Amazon.com, Inc. (NASDAQ:AMZN) by 27.6% during the second quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 2,287 shares of the e-commerce giant’s stock after purchasing an additional 494 shares during the quarter. Home Federal Bank of Tennessee’s holdings in Amazon.com were worth $442,000 at the end of the most recent reporting period.

A number of other institutional investors also recently bought and sold shares of the company. Atlas Wealth Partners LLC purchased a new stake in Amazon.com during the second quarter worth $806,000. Clear Harbor Asset Management LLC boosted its position in Amazon.com by 1.1% during the second quarter. Clear Harbor Asset Management LLC now owns 87,061 shares of the e-commerce giant’s stock worth $16,825,000 after purchasing an additional 925 shares in the last quarter. Mcdonald Partners LLC boosted its position in Amazon.com by 1.6% during the second quarter. Mcdonald Partners LLC now owns 24,770 shares of the e-commerce giant’s stock worth $4,787,000 after purchasing an additional 381 shares in the last quarter. ERn Financial LLC boosted its position in Amazon.com by 2.2% during the second quarter. ERn Financial LLC now owns 18,888 shares of the e-commerce giant’s stock worth $3,650,000 after purchasing an additional 413 shares in the last quarter. Finally, BlueSky Wealth Advisors LLC boosted its position in Amazon.com by 871.2% during the second quarter. BlueSky Wealth Advisors LLC now owns 25,785 shares of the e-commerce giant’s stock worth $4,983,000 after purchasing an additional 23,130 shares in the last quarter. 72.20% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

A number of research firms have recently weighed in on AMZN. TD Securities boosted their price target on Amazon.com from $225.00 to $245.00 in a report on Wednesday, July 10th. Benchmark reissued a “buy” rating and issued a $200.00 price target on shares of Amazon.com in a report on Friday, August 2nd. Needham & Company LLC boosted their price target on Amazon.com from $205.00 to $210.00 and gave the stock a “buy” rating in a report on Wednesday, July 17th. TD Cowen boosted their price target on Amazon.com from $225.00 to $245.00 and gave the stock a “buy” rating in a report on Wednesday, July 10th. Finally, Tigress Financial boosted their price target on Amazon.com from $210.00 to $245.00 and gave the stock a “buy” rating in a report on Thursday, May 30th. One analyst has rated the stock with a hold rating, forty have given a buy rating and one has given a strong buy rating to the company. According to MarketBeat, the company currently has a consensus rating of “Buy” and a consensus price target of $221.36.

Amazon.com Stock Up 3.7 %

AMZN opened at $178.50 on Monday. Amazon.com, Inc. has a 12 month low of $118.35 and a 12 month high of $201.20. The company has a debt-to-equity ratio of 0.23, a current ratio of 1.10 and a quick ratio of 0.88. The stock has a market cap of $1.86 trillion, a P/E ratio of 50.00, a P/E/G ratio of 1.34 and a beta of 1.15. The stock’s 50 day moving average price is $182.68 and its 200 day moving average price is $181.15.

Amazon.com (NASDAQ:AMZN) last posted its earnings results on Thursday, August 1st. The e-commerce giant reported $1.23 EPS for the quarter, beating the consensus estimate of $1.05 by $0.18. The firm had revenue of $147.98 billion for the quarter, compared to analysts’ expectations of $148.63 billion. Amazon.com had a return on equity of 21.39% and a net margin of 7.35%. As a group, research analysts predict that Amazon.com, Inc. will post 4.86 earnings per share for the current year.

Insider Buying and Selling at Amazon.com

In other Amazon.com news, SVP David Zapolsky sold 4,710 shares of the stock in a transaction 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 completion of the transaction, the senior vice president now directly owns 59,500 shares of the company’s stock, valued at approximately $11,602,500. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. In other 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 sale, the chief executive officer now directly owns 2,056,534 shares of the company’s stock, valued at approximately $371,759,651.18. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, SVP David Zapolsky sold 4,710 shares of the firm’s stock in a transaction on Thursday, June 27th. The stock was sold at an average price of $195.00, for a total value of $918,450.00. Following the sale, the senior vice president now directly owns 59,500 shares of the company’s stock, valued at $11,602,500. The disclosure for this sale can be found here. In the last ninety days, insiders sold 6,104,317 shares of company stock valued at $1,220,621,322. 10.80% of the stock is owned by corporate insiders.

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.