Amazon.com, Inc. (NASDAQ:AMZN) Holdings Boosted by Premier Path Wealth Partners LLC

Premier Path Wealth Partners LLC boosted its stake in shares of Amazon.com, Inc. (NASDAQ:AMZN) by 4.7% in the second quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 64,060 shares of the e-commerce giant’s stock after buying an additional 2,854 shares during the period. Amazon.com accounts for about 2.1% of Premier Path Wealth Partners LLC’s investment portfolio, making the stock its 5th biggest holding. Premier Path Wealth Partners LLC’s holdings in Amazon.com were worth $12,380,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds and other institutional investors have also bought and sold shares of the stock. Cooksen Wealth LLC purchased a new position in Amazon.com during the 4th quarter worth $30,000. Clarity Asset Management Inc. purchased a new stake in shares of Amazon.com during the fourth quarter worth about $46,000. Steph & Co. acquired a new position in shares of Amazon.com during the first quarter valued at about $65,000. Advantage Trust Co purchased a new position in shares of Amazon.com in the 4th quarter valued at approximately $68,000. Finally, Koesten Hirschmann & Crabtree INC. acquired a new stake in Amazon.com in the 1st quarter worth approximately $69,000. Institutional investors own 72.20% of the company’s stock.

Amazon.com Price Performance

NASDAQ:AMZN opened at $186.49 on Friday. The stock has a 50 day moving average of $179.51 and a two-hundred day moving average of $181.56. Amazon.com, Inc. has a 12 month low of $118.35 and a 12 month high of $201.20. The firm has a market cap of $1.96 trillion, a P/E ratio of 52.24, a price-to-earnings-growth ratio of 1.39 and a beta of 1.14. 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 (NASDAQ:AMZN) last issued its quarterly earnings results on Thursday, August 1st. The e-commerce giant reported $1.23 EPS for the quarter, topping the consensus estimate of $1.05 by $0.18. Amazon.com had a return on equity of 21.39% and a net margin of 7.35%. The firm had revenue of $147.98 billion during the quarter, compared to analysts’ expectations of $148.63 billion. On average, analysts expect that Amazon.com, Inc. will post 4.86 earnings per share for the current fiscal year.

Insider Transactions at Amazon.com

In related news, VP Shelley Reynolds sold 3,791 shares of the business’s stock in a transaction dated Wednesday, August 21st. The shares were sold at an average price of $181.04, for a total transaction of $686,322.64. Following the transaction, the vice president now directly 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 accessible through this hyperlink. In related news, VP Shelley Reynolds sold 3,791 shares of Amazon.com stock in a transaction that occurred on Wednesday, August 21st. The stock was sold at an average price of $181.04, for a total transaction of $686,322.64. Following the transaction, the vice president now owns 121,461 shares in the company, valued at $21,989,299.44. The sale was disclosed in a document filed with the SEC, which is accessible through this link. Also, insider Jeffrey P. Bezos sold 1,463,437 shares of the business’s stock in a transaction on Tuesday, July 2nd. The stock was sold at an average price of $200.08, for a total value of $292,804,474.96. Following the transaction, the insider now directly owns 935,211,842 shares in the company, valued at approximately $187,117,185,347.36. The disclosure for this sale can be found here. Insiders sold 6,104,317 shares of company stock valued at $1,220,621,322 over the last 90 days. 10.80% of the stock is currently owned by corporate insiders.

Analyst Upgrades and Downgrades

AMZN has been the topic of a number of recent analyst reports. Roth Mkm upped their price target on shares of Amazon.com from $210.00 to $215.00 and gave the company a “buy” rating in a research note on Friday, August 2nd. Stifel Nicolaus cut their target price on Amazon.com from $228.00 to $224.00 and set a “buy” rating on the stock in a research report on Friday, August 2nd. JMP Securities lifted their price target 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. Jefferies Financial Group dropped their price target on Amazon.com from $235.00 to $225.00 and set a “buy” rating on the stock in a research note on Friday, August 2nd. Finally, Barclays raised their price objective on Amazon.com from $220.00 to $235.00 and gave the stock an “overweight” rating in a research note on Friday, August 2nd. One investment analyst has rated the stock with a hold rating, forty have issued a buy rating and two have issued a strong buy rating to the company’s 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 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.