Amazon.com, Inc. (NASDAQ:AMZN) Shares Bought by Diversified Portfolios Inc.

Diversified Portfolios Inc. grew its holdings in shares of Amazon.com, Inc. (NASDAQ:AMZN) by 69.3% in the second quarter, HoldingsChannel reports. The fund owned 13,591 shares of the e-commerce giant’s stock after buying an additional 5,561 shares during the period. Diversified Portfolios Inc.’s holdings in Amazon.com were worth $2,626,000 as of its most recent filing with the SEC.

Several other institutional investors have also modified their holdings of AMZN. Cooksen Wealth LLC acquired a new stake in shares of Amazon.com in the fourth quarter valued at $30,000. Clarity Asset Management Inc. acquired a new stake in shares of Amazon.com in the fourth quarter valued at $46,000. Steph & Co. acquired a new stake in shares of Amazon.com in the first quarter valued at $65,000. Advantage Trust Co acquired a new stake in shares of Amazon.com in the fourth quarter valued at $68,000. Finally, Koesten Hirschmann & Crabtree INC. acquired a new stake in shares of Amazon.com in the first quarter valued at $69,000. Institutional investors and hedge funds own 72.20% of the company’s stock.

Wall Street Analyst Weigh In

Several brokerages have recently weighed in on AMZN. Barclays upped their price objective on Amazon.com from $220.00 to $235.00 and gave the company an “overweight” rating in a report on Friday, August 2nd. Needham & Company LLC boosted their target price on Amazon.com from $205.00 to $210.00 and gave the stock a “buy” rating in a research report on Wednesday, July 17th. Wedbush reaffirmed an “outperform” rating and set a $225.00 target price on shares of Amazon.com in a research report on Friday, August 2nd. Royal Bank of Canada reaffirmed an “outperform” rating and set a $215.00 target price on shares of Amazon.com in a research report on Friday, August 2nd. Finally, JMP Securities boosted their target price on Amazon.com from $245.00 to $265.00 and gave the stock a “market outperform” rating in a research report on Tuesday, September 3rd. One investment analyst has rated the stock with a hold rating, forty have given a buy rating and two have given a strong buy rating to the stock. Based on data from MarketBeat.com, the company presently has an average rating of “Buy” and a consensus target price of $222.49.

Amazon.com Stock Performance

Shares of NASDAQ AMZN opened at $175.40 on Tuesday. The company has a debt-to-equity ratio of 0.23, a quick ratio of 0.88 and a current ratio of 1.10. The firm has a market cap of $1.84 trillion, a price-to-earnings ratio of 49.13, a P/E/G ratio of 1.29 and a beta of 1.14. The business’s 50-day simple moving average is $180.66 and its 200-day simple moving average is $181.39. Amazon.com, Inc. has a 52 week low of $118.35 and a 52 week high of $201.20.

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

Insider Buying and Selling at Amazon.com

In other Amazon.com news, VP Shelley Reynolds sold 3,791 shares of the firm’s 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 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 legal filing with the Securities & Exchange Commission, which is accessible through this link. In other Amazon.com news, CEO Andrew R. Jassy sold 20,784 shares of the firm’s stock in a transaction that occurred on Wednesday, August 21st. The stock was sold at an average price of $180.77, for a total value of $3,757,123.68. Following the sale, the chief executive officer now owns 2,056,534 shares of the company’s stock, valued at approximately $371,759,651.18. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. Also, VP Shelley Reynolds sold 3,791 shares of the firm’s stock in a transaction that occurred on 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 sale, the vice president now directly owns 121,461 shares in the company, valued at approximately $21,989,299.44. The disclosure for this sale can be found here. Insiders have sold 6,104,317 shares of company stock valued at $1,220,621,322 in the last 90 days. 10.80% of the stock is currently owned by 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.