Amazon.com, Inc. (NASDAQ:AMZN) Shares Acquired by N.E.W. Advisory Services LLC

N.E.W. Advisory Services LLC lifted its holdings in shares of Amazon.com, Inc. (NASDAQ:AMZN) by 2.0% during the 2nd quarter, Holdings Channel.com reports. The fund owned 24,255 shares of the e-commerce giant’s stock after buying an additional 485 shares during the period. N.E.W. Advisory Services LLC’s holdings in Amazon.com were worth $4,687,000 as of its most recent SEC filing.

Several other institutional investors have also recently added to or reduced their stakes in AMZN. Waverton Investment Management Ltd increased its stake in Amazon.com by 10.4% in the second quarter. Waverton Investment Management Ltd now owns 1,545,781 shares of the e-commerce giant’s stock valued at $298,908,000 after purchasing an additional 146,144 shares during the last quarter. Hill Investment Group Partners LLC boosted its holdings in shares of Amazon.com by 14.2% in the 2nd quarter. Hill Investment Group Partners LLC now owns 3,113 shares of the e-commerce giant’s stock valued at $580,000 after buying an additional 386 shares in the last quarter. Bordeaux Wealth Advisors LLC grew its position in shares of Amazon.com by 94.5% in the 2nd quarter. Bordeaux Wealth Advisors LLC now owns 24,062 shares of the e-commerce giant’s stock valued at $4,650,000 after buying an additional 11,693 shares during the last quarter. 9258 Wealth Management LLC raised its stake in Amazon.com by 2.1% during the 2nd quarter. 9258 Wealth Management LLC now owns 28,039 shares of the e-commerce giant’s stock worth $5,419,000 after acquiring an additional 564 shares in the last quarter. Finally, Kornitzer Capital Management Inc. KS lifted its position in Amazon.com by 4.2% in the second quarter. Kornitzer Capital Management Inc. KS now owns 239,233 shares of the e-commerce giant’s stock valued at $46,232,000 after acquiring an additional 9,592 shares during the last quarter. Hedge funds and other institutional investors own 72.20% of the company’s stock.

Analyst Ratings Changes

Several equities analysts have issued reports on AMZN shares. TD Securities raised their price objective on Amazon.com from $225.00 to $245.00 in a report on Wednesday, July 10th. Sanford C. Bernstein raised their price target on Amazon.com from $210.00 to $215.00 and gave the stock an “outperform” rating in a research note on Monday, July 22nd. The Goldman Sachs Group reduced their price objective on Amazon.com from $250.00 to $230.00 and set a “buy” rating for the company in a research note on Friday, August 2nd. Truist Financial raised their target price on shares of Amazon.com from $230.00 to $265.00 and gave the stock a “buy” rating in a research report on Monday, September 30th. Finally, Morgan Stanley reaffirmed an “overweight” rating and issued a $210.00 target price on shares of Amazon.com in a report on Thursday. One investment analyst has rated the stock with a hold rating, forty-one have issued a buy rating and one has issued a strong buy rating to the company’s stock. According to MarketBeat.com, the company currently has an average rating of “Buy” and a consensus target price of $223.65.

Amazon.com Trading Up 2.5 %

Shares of AMZN stock opened at $186.51 on Friday. Amazon.com, Inc. has a fifty-two week low of $118.35 and a fifty-two week high of $201.20. The company has a quick ratio of 0.88, a current ratio of 1.10 and a debt-to-equity ratio of 0.23. The business has a fifty day simple moving average of $179.17 and a 200-day simple moving average of $182.90. The stock has a market cap of $1.94 trillion, a P/E ratio of 52.24, a P/E/G ratio of 1.46 and a beta of 1.14.

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 analysts’ consensus estimates of $1.05 by $0.18. The company had revenue of $147.98 billion during 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%. On average, analysts forecast that Amazon.com, Inc. will post 4.86 earnings per share for the current fiscal year.

Insider Buying and Selling

In other Amazon.com news, CEO Douglas J. Herrington sold 3,500 shares of the firm’s stock in a transaction on Thursday, August 1st. The stock was sold at an average price of $189.25, for a total transaction of $662,375.00. Following the completion of the transaction, the chief executive officer now owns 503,753 shares of the company’s stock, valued at approximately $95,335,255.25. This trade represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through this link. In related news, CEO Douglas J. Herrington sold 3,500 shares of the firm’s stock in a transaction that occurred on Thursday, August 1st. The shares were sold at an average price of $189.25, for a total value of $662,375.00. Following the sale, the chief executive officer now directly owns 503,753 shares of the company’s stock, valued at approximately $95,335,255.25. This trade represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, CEO Andrew R. Jassy sold 20,784 shares of the company’s stock in a transaction that occurred on Wednesday, August 21st. The stock was sold at an average price of $180.77, for a total transaction of $3,757,123.68. Following the transaction, the chief executive officer now directly owns 2,056,534 shares of the company’s stock, valued at $371,759,651.18. This trade represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 1,549,744 shares of company stock worth $309,400,324 in the last ninety days. 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.