Amazon.com, Inc. (NASDAQ:AMZN) Shares Purchased by Robinson Smith Wealth Advisors LLC

Robinson Smith Wealth Advisors LLC boosted its stake in Amazon.com, Inc. (NASDAQ:AMZN) by 17.5% during the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 8,151 shares of the e-commerce giant’s stock after acquiring an additional 1,214 shares during the period. Amazon.com accounts for 1.4% of Robinson Smith Wealth Advisors LLC’s portfolio, making the stock its 20th largest position. Robinson Smith Wealth Advisors LLC’s holdings in Amazon.com were worth $1,575,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors have also recently added to or reduced their stakes in the stock. Hantz Financial Services Inc. acquired a new stake in Amazon.com in the second quarter valued at $148,018,000. DiNuzzo Private Wealth Inc. raised its holdings in shares of Amazon.com by 44.1% during the second quarter. DiNuzzo Private Wealth Inc. now owns 1,252 shares of the e-commerce giant’s stock worth $242,000 after purchasing an additional 383 shares during the period. Wolf Group Capital Advisors raised its holdings in shares of Amazon.com by 13.1% during the second quarter. Wolf Group Capital Advisors now owns 14,440 shares of the e-commerce giant’s stock worth $2,791,000 after purchasing an additional 1,667 shares during the period. Kings Path Partners LLC acquired a new stake in shares of Amazon.com during the second quarter worth $193,000. Finally, TFB Advisors LLC raised its holdings in shares of Amazon.com by 9.8% during the second quarter. TFB Advisors LLC now owns 24,494 shares of the e-commerce giant’s stock worth $4,733,000 after purchasing an additional 2,179 shares during the period. 72.20% of the stock is owned by institutional investors and hedge funds.

Amazon.com Stock Performance

Shares of AMZN opened at $193.96 on Wednesday. The firm’s 50 day moving average is $178.59 and its 200-day moving average is $182.35. The stock has a market capitalization of $2.02 trillion, a P/E ratio of 54.33, a P/E/G ratio of 1.39 and a beta of 1.14. 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 12-month low of $118.35 and a 12-month high of $201.20.

Amazon.com (NASDAQ:AMZN) last announced its quarterly earnings data 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 company had revenue of $147.98 billion for the quarter, compared to analysts’ expectations of $148.63 billion. Amazon.com had a net margin of 7.35% and a return on equity of 21.39%. Equities research analysts anticipate that Amazon.com, Inc. will post 4.86 EPS for the current fiscal year.

Wall Street Analyst Weigh In

AMZN has been the topic of a number of research reports. Needham & Company LLC reissued a “buy” rating and set a $210.00 target price on shares of Amazon.com in a report on Thursday, September 12th. UBS Group increased their target price on shares of Amazon.com from $217.00 to $224.00 and gave the stock a “buy” rating in a report on Tuesday, July 30th. Piper Sandler dropped their target price on shares of Amazon.com from $220.00 to $215.00 and set an “overweight” rating on the stock in a report on Friday, August 2nd. Itau BBA Securities cut shares of Amazon.com from an “outperform” rating to a “market perform” rating and set a $186.00 target price on the stock. in a report on Friday, August 2nd. Finally, Robert W. Baird increased their target price on shares of Amazon.com from $210.00 to $213.00 and gave the stock an “outperform” rating in a report on Friday, June 21st. One investment analyst has rated the stock with a hold rating, forty-one have assigned a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat, Amazon.com has an average rating of “Buy” and an average price target of $222.84.

Insider Transactions at Amazon.com

In other news, insider Jeffrey P. Bezos sold 1,228,993 shares of Amazon.com stock in a transaction that occurred on Monday, July 8th. The shares were sold at an average price of $200.36, for a total value of $246,241,037.48. Following the transaction, the insider now directly owns 930,696,284 shares of the company’s stock, valued at $186,474,307,462.24. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. In other news, CEO Douglas J. Herrington sold 3,500 shares of Amazon.com stock in a transaction that occurred on Monday, July 1st. The shares were sold at an average price of $195.99, for a total value of $685,965.00. Following the transaction, the chief executive officer now directly owns 519,753 shares of the company’s stock, valued at $101,866,390.47. The transaction was disclosed in a legal filing with the SEC, which is accessible 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 completion of the transaction, the insider now directly owns 930,696,284 shares in the company, valued at $186,474,307,462.24. The disclosure for this sale can be found here. Insiders have sold a total of 6,104,317 shares of company stock valued at $1,220,621,322 over the last ninety days. Corporate insiders own 10.80% of the company’s stock.

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.