Private Client Services LLC Has $1.73 Million Holdings in Amazon.com, Inc. (NASDAQ:AMZN)

Private Client Services LLC grew its holdings in Amazon.com, Inc. (NASDAQ:AMZN) by 1.0% during the second quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 8,974 shares of the e-commerce giant’s stock after purchasing an additional 89 shares during the period. Amazon.com comprises approximately 1.1% of Private Client Services LLC’s investment portfolio, making the stock its 28th biggest holding. Private Client Services LLC’s holdings in Amazon.com were worth $1,734,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors also recently made changes to their positions in the business. GUNN & Co INVESTMENT MANAGEMENT INC. increased its holdings in Amazon.com by 291.8% during the fourth quarter. GUNN & Co INVESTMENT MANAGEMENT INC. now owns 28,995 shares of the e-commerce giant’s stock worth $4,406,000 after buying an additional 21,595 shares during the last quarter. Fisher Asset Management LLC increased its holdings in Amazon.com by 2.1% during the fourth quarter. Fisher Asset Management LLC now owns 42,241,587 shares of the e-commerce giant’s stock worth $6,418,187,000 after buying an additional 888,369 shares during the last quarter. Mechanics Financial Corp increased its holdings in Amazon.com by 1.5% during the fourth quarter. Mechanics Financial Corp now owns 16,887 shares of the e-commerce giant’s stock worth $2,566,000 after buying an additional 245 shares during the last quarter. West Family Investments Inc. increased its holdings in Amazon.com by 1.0% during the fourth quarter. West Family Investments Inc. now owns 22,424 shares of the e-commerce giant’s stock worth $3,407,000 after buying an additional 221 shares during the last quarter. Finally, Commonwealth Equity Services LLC increased its holdings in Amazon.com by 0.4% during the fourth quarter. Commonwealth Equity Services LLC now owns 5,163,226 shares of the e-commerce giant’s stock worth $784,501,000 after buying an additional 21,404 shares during the last quarter. 72.20% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

A number of equities analysts recently weighed in on AMZN shares. Truist Financial boosted their target price on shares of Amazon.com from $220.00 to $230.00 and gave the stock a “buy” rating in a report on Monday, July 22nd. Itau BBA Securities cut shares of Amazon.com from an “outperform” rating to a “market perform” rating and set a $186.00 price objective for the company. in a research report on Friday, August 2nd. Barclays lifted their price objective on shares of Amazon.com from $220.00 to $235.00 and gave the stock an “overweight” rating in a research report on Friday, August 2nd. Roth Mkm lifted their price objective on shares of Amazon.com from $210.00 to $215.00 and gave the stock a “buy” rating in a research report on Friday, August 2nd. Finally, Wedbush reaffirmed an “outperform” rating and set a $225.00 price objective on shares of Amazon.com in a research report on Friday, August 2nd. One research 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. According to MarketBeat.com, the stock has an average rating of “Buy” and an average price target of $222.84.

Insiders Place Their Bets

In other Amazon.com news, CFO Brian T. Olsavsky sold 14,600 shares of the business’s stock in a transaction dated Wednesday, August 21st. The stock was sold at an average price of $180.00, for a total transaction of $2,628,000.00. Following the completion of the transaction, the chief financial officer now owns 49,000 shares of the company’s stock, valued at $8,820,000. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. In other Amazon.com news, CFO Brian T. Olsavsky sold 14,600 shares of the stock in a transaction that occurred on Wednesday, August 21st. The shares were sold at an average price of $180.00, for a total transaction of $2,628,000.00. Following the completion of the sale, the chief financial officer now owns 49,000 shares of the company’s stock, valued at approximately $8,820,000. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CEO Andrew R. Jassy sold 20,784 shares of the stock in a transaction that occurred on Wednesday, August 21st. The shares were sold at an average price of $180.77, for a total transaction of $3,757,123.68. Following the sale, the chief executive officer now directly owns 2,056,534 shares of the company’s stock, valued at approximately $371,759,651.18. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 6,104,317 shares of company stock valued at $1,220,621,322. 10.80% of the stock is currently owned by corporate insiders.

Amazon.com Stock Up 0.9 %

Shares of NASDAQ AMZN opened at $191.60 on Friday. 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 company has a market cap of $1.99 trillion, a price-to-earnings ratio of 53.67, a PEG ratio of 1.39 and a beta of 1.14. Amazon.com, Inc. has a 12 month low of $118.35 and a 12 month high of $201.20. The stock has a 50-day moving average price of $178.54 and a two-hundred day moving average price of $182.04.

Amazon.com (NASDAQ:AMZN) last issued its 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. The firm 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, analysts forecast that Amazon.com, Inc. will post 4.86 earnings per share for the current fiscal year.

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.