Herold Advisors Inc. Purchases 401 Shares of Amazon.com, Inc. (NASDAQ:AMZN)

Herold Advisors Inc. boosted its position in Amazon.com, Inc. (NASDAQ:AMZN) by 1.4% in the 2nd quarter, HoldingsChannel.com reports. The firm owned 28,563 shares of the e-commerce giant’s stock after buying an additional 401 shares during the period. Amazon.com comprises about 1.3% of Herold Advisors Inc.’s portfolio, making the stock its 16th biggest holding. Herold Advisors Inc.’s holdings in Amazon.com were worth $5,520,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Vanguard Group Inc. increased its position in Amazon.com by 1.9% during the first quarter. Vanguard Group Inc. now owns 785,811,114 shares of the e-commerce giant’s stock worth $141,744,609,000 after acquiring an additional 14,724,687 shares during the period. Norges Bank acquired a new stake in shares of Amazon.com in the fourth quarter valued at approximately $17,700,551,000. Capital Research Global Investors boosted its stake in shares of Amazon.com by 8.5% in the first quarter. Capital Research Global Investors now owns 86,982,857 shares of the e-commerce giant’s stock valued at $15,689,968,000 after buying an additional 6,810,145 shares during the period. Jennison Associates LLC increased its stake in Amazon.com by 0.5% during the 1st quarter. Jennison Associates LLC now owns 56,666,183 shares of the e-commerce giant’s stock worth $10,221,446,000 after acquiring an additional 295,132 shares during the period. Finally, Charles Schwab Investment Management Inc. raised its holdings in Amazon.com by 3.0% in the 4th quarter. Charles Schwab Investment Management Inc. now owns 51,920,953 shares of the e-commerce giant’s stock valued at $7,888,870,000 after acquiring an additional 1,525,922 shares in the last quarter. 72.20% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Several analysts have recently issued reports on the company. Wolfe Research started coverage on Amazon.com in a report on Tuesday, July 16th. They set an “outperform” rating and a $250.00 target price on the stock. Tigress Financial increased their price objective on shares of Amazon.com from $210.00 to $245.00 and gave the stock a “buy” rating in a research note on Thursday, May 30th. Itau BBA Securities cut shares of Amazon.com from an “outperform” rating to a “market perform” rating and set a $186.00 target price for the company. in a research report on Friday, August 2nd. Sanford C. Bernstein upped their price target on shares of Amazon.com from $210.00 to $215.00 and gave the stock an “outperform” rating in a report on Monday, July 22nd. Finally, Stifel Nicolaus decreased their price objective on shares of Amazon.com from $228.00 to $224.00 and set a “buy” rating on the stock in a research note on Friday, August 2nd. One analyst has rated the stock with a hold rating, forty have assigned a buy rating and two have assigned a strong buy rating to the company. According to data from MarketBeat, Amazon.com presently has a consensus rating of “Buy” and a consensus price target of $222.49.

Amazon.com Stock Performance

AMZN stock opened at $186.49 on Friday. The firm has a market cap of $1.96 trillion, a PE 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. The stock has a 50-day moving average price of $179.51 and a 200-day moving average price of $181.56. Amazon.com, Inc. has a 1-year low of $118.35 and a 1-year high of $201.20.

Amazon.com (NASDAQ:AMZN) last issued its earnings results on Thursday, August 1st. The e-commerce giant reported $1.23 earnings per share for the quarter, topping analysts’ consensus estimates 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 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 year.

Insider Activity at Amazon.com

In other Amazon.com news, insider Jeffrey P. Bezos sold 1,228,993 shares of the firm’s stock in a transaction that occurred on Monday, July 8th. The stock was sold at an average price of $200.36, for a total value of $246,241,037.48. Following the completion of the sale, the insider now owns 930,696,284 shares of the company’s stock, valued at $186,474,307,462.24. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. In other Amazon.com news, VP Shelley Reynolds sold 3,791 shares of the firm’s stock in a transaction 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 directly owns 121,461 shares in the company, valued at approximately $21,989,299.44. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, insider Jeffrey P. Bezos sold 1,228,993 shares of Amazon.com stock in a transaction that occurred on Monday, July 8th. The stock was sold at an average price of $200.36, for a total transaction of $246,241,037.48. Following the transaction, the insider now directly owns 930,696,284 shares in the company, valued at approximately $186,474,307,462.24. The disclosure for this sale can be found here. Insiders have sold 6,104,317 shares of company stock worth $1,220,621,322 in the last quarter. Company insiders own 10.80% of the company’s stock.

About Amazon.com

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.