Amazon.com, Inc. (NASDAQ:AMZN) is Wright Investors Service Inc.’s 5th Largest Position

Wright Investors Service Inc. lifted its stake in shares of Amazon.com, Inc. (NASDAQ:AMZN) by 9.4% during the second quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 61,449 shares of the e-commerce giant’s stock after purchasing an additional 5,290 shares during the quarter. Amazon.com accounts for about 3.1% of Wright Investors Service Inc.’s holdings, making the stock its 5th largest position. Wright Investors Service Inc.’s holdings in Amazon.com were worth $11,875,000 as of its most recent filing with the SEC.

Several other hedge funds also recently bought and sold shares of the company. Collective Family Office LLC grew its holdings in shares of Amazon.com by 9.7% during the first quarter. Collective Family Office LLC now owns 9,278 shares of the e-commerce giant’s stock worth $1,674,000 after purchasing an additional 819 shares in the last quarter. Phillips Wealth Planners LLC boosted its stake in Amazon.com by 9.2% in the first quarter. Phillips Wealth Planners LLC now owns 2,655 shares of the e-commerce giant’s stock worth $487,000 after buying an additional 224 shares in the last quarter. Bayesian Capital Management LP bought a new position in Amazon.com during the fourth quarter valued at approximately $5,926,000. Clearstead Trust LLC raised its position in Amazon.com by 25.8% in the 4th quarter. Clearstead Trust LLC now owns 65,539 shares of the e-commerce giant’s stock worth $9,958,000 after purchasing an additional 13,454 shares during the period. Finally, Summa Corp. bought a new stake in Amazon.com in the fourth quarter worth $1,506,000. Hedge funds and other institutional investors own 72.20% of the company’s stock.

Analyst Upgrades and Downgrades

A number of equities research analysts recently commented on AMZN shares. Sanford C. Bernstein upped their price target on shares of Amazon.com from $210.00 to $215.00 and gave the company an “outperform” rating in a report on Monday, July 22nd. Morgan Stanley lowered their price target on Amazon.com from $240.00 to $210.00 and set an “overweight” rating for the company in a research report on Tuesday, August 6th. Robert W. Baird raised their price target on Amazon.com from $210.00 to $213.00 and gave the stock an “outperform” rating in a research note on Friday, June 21st. Wells Fargo & Company lowered their price objective on shares of Amazon.com from $232.00 to $225.00 and set an “overweight” rating for the company in a report on Monday, August 26th. Finally, Piper Sandler reduced their target price on shares of Amazon.com from $220.00 to $215.00 and set an “overweight” rating on the stock in a research report on Friday, August 2nd. One research analyst has rated the stock with a hold rating, forty have assigned a buy rating and two have given a strong buy rating to the company. According to MarketBeat, the company has a consensus rating of “Buy” and a consensus target price of $222.84.

Amazon.com Stock Performance

AMZN stock opened at $191.60 on Friday. The company has a debt-to-equity ratio of 0.23, a current ratio of 1.10 and a quick ratio of 0.88. Amazon.com, Inc. has a 1 year low of $118.35 and a 1 year high of $201.20. The company has a market cap of $1.99 trillion, a P/E ratio of 53.67, a price-to-earnings-growth ratio of 1.39 and a beta of 1.14. The stock’s fifty day moving average price is $178.54 and its 200-day moving average price is $181.98.

Amazon.com (NASDAQ:AMZN) last announced its earnings results on Thursday, August 1st. The e-commerce giant reported $1.23 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.05 by $0.18. The business 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%. On average, equities analysts forecast that Amazon.com, Inc. will post 4.86 earnings per share for the current year.

Insider Buying and Selling

In other Amazon.com news, VP Shelley Reynolds sold 3,791 shares of the company’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 transaction of $686,322.64. Following the completion of the sale, the vice president now directly owns 121,461 shares of the company’s stock, valued at $21,989,299.44. The sale was disclosed in a filing with the SEC, which can be accessed through this link. In other news, VP Shelley Reynolds sold 3,791 shares of the business’s stock in a transaction on Wednesday, August 21st. The shares were sold at an average price of $181.04, for a total transaction of $686,322.64. Following the completion of the sale, the vice president now owns 121,461 shares of the company’s stock, valued at approximately $21,989,299.44. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, insider Jeffrey P. Bezos sold 1,463,437 shares of the company’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 completion of the sale, the insider now owns 935,211,842 shares of the company’s stock, valued at $187,117,185,347.36. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 6,104,317 shares of company stock valued at $1,220,621,322. 10.80% of the stock is 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.