Ellsworth Advisors LLC Grows Holdings in Amazon.com, Inc. (NASDAQ:AMZN)

Ellsworth Advisors LLC increased its stake in Amazon.com, Inc. (NASDAQ:AMZN) by 39.5% in the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 1,603 shares of the e-commerce giant’s stock after buying an additional 454 shares during the period. Ellsworth Advisors LLC’s holdings in Amazon.com were worth $310,000 at the end of the most recent reporting period.

Several other institutional investors have also recently added to or reduced their stakes in AMZN. Cooksen Wealth LLC acquired a new stake in Amazon.com during the fourth quarter valued at approximately $30,000. Strid Group LLC bought a new stake in shares of Amazon.com in the 4th quarter valued at approximately $43,000. Clarity Asset Management Inc. acquired a new stake in shares of Amazon.com during the 4th quarter valued at approximately $46,000. Steph & Co. bought a new position in Amazon.com during the first quarter worth $65,000. Finally, Advantage Trust Co bought a new stake in Amazon.com during the fourth quarter valued at $68,000. 72.20% of the stock is owned by institutional investors and hedge funds.

Amazon.com Trading Up 3.7 %

Shares of AMZN opened at $178.50 on Tuesday. The business’s 50-day moving average price is $182.54 and its 200 day moving average price is $181.21. The stock has a market capitalization 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 company has a current ratio of 1.10, a quick ratio of 0.88 and a debt-to-equity ratio of 0.23. 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, topping 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 net margin of 7.35% and a return on equity of 21.39%. Analysts expect that Amazon.com, Inc. will post 4.86 earnings per share for the current year.

Wall Street Analysts Forecast Growth

AMZN has been the topic of a number of recent research reports. The Goldman Sachs Group reduced their price target on shares of Amazon.com from $250.00 to $230.00 and set a “buy” rating on the stock in a research report on Friday, August 2nd. Piper Sandler decreased their target price on Amazon.com from $220.00 to $215.00 and set an “overweight” rating for the company in a research note on Friday, August 2nd. Rosenblatt Securities upped their target price on Amazon.com from $220.00 to $221.00 and gave the company a “buy” rating in a report on Friday, August 2nd. Bank of America dropped their price objective on shares of Amazon.com from $220.00 to $210.00 and set a “buy” rating on the stock in a report on Friday, August 2nd. Finally, Wells Fargo & Company cut their price objective on shares of Amazon.com from $232.00 to $225.00 and set an “overweight” rating on the stock in a research report on Monday, August 26th. One analyst has rated the stock with a hold rating, forty have assigned a buy rating and one has issued a strong buy rating to the company’s stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Buy” and a consensus target price of $221.36.

Insider Activity

In related news, SVP David Zapolsky sold 4,710 shares of the stock in a transaction dated Thursday, June 27th. The stock was sold at an average price of $195.00, for a total value of $918,450.00. Following the completion of the sale, 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 document filed with the SEC, which can be accessed through this hyperlink. In other news, insider Jeffrey P. Bezos sold 3,085,116 shares of Amazon.com 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 directly owns 931,925,277 shares in the company, valued at approximately $186,450,290,169.39. The sale was disclosed in a filing with the SEC, which can be accessed through this link. Also, SVP David Zapolsky sold 4,710 shares of the stock in a transaction that occurred 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 completion of the transaction, the senior vice president now owns 59,500 shares in the company, valued at approximately $11,602,500. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 6,104,317 shares of company stock worth $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.