Investment Partners LTD. Buys 722 Shares of Amazon.com, Inc. (NASDAQ:AMZN)

Investment Partners LTD. raised its stake in Amazon.com, Inc. (NASDAQ:AMZN) by 12.4% during the second quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 6,528 shares of the e-commerce giant’s stock after buying an additional 722 shares during the period. Investment Partners LTD.’s holdings in Amazon.com were worth $1,262,000 at the end of the most recent quarter.

Other institutional investors have also recently made changes to their positions in the company. Collective Family Office LLC raised its position in Amazon.com by 9.7% in the 1st 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 during the period. Phillips Wealth Planners LLC raised its position in Amazon.com by 9.2% in the 1st quarter. Phillips Wealth Planners LLC now owns 2,655 shares of the e-commerce giant’s stock worth $487,000 after purchasing an additional 224 shares during the period. Stonekeep Investments LLC purchased a new position in Amazon.com in the 2nd quarter worth $2,588,000. Concord Investment Counsel Inc. purchased a new position in Amazon.com in the 1st quarter worth $20,790,000. Finally, O Shaughnessy Asset Management LLC raised its position in Amazon.com by 26.1% in the 1st quarter. O Shaughnessy Asset Management LLC now owns 644,319 shares of the e-commerce giant’s stock worth $116,222,000 after purchasing an additional 133,471 shares during the period. Institutional investors own 72.20% of the company’s stock.

Insider Activity

In other news, VP Shelley Reynolds sold 3,791 shares of the business’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 transaction, the vice president now directly owns 121,461 shares of the company’s stock, valued at $21,989,299.44. The trade was a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. In other Amazon.com news, SVP David Zapolsky sold 2,190 shares of the company’s stock in a transaction that occurred on Tuesday, September 24th. The shares were sold at an average price of $195.00, for a total transaction of $427,050.00. Following the completion of the sale, the senior vice president now directly owns 62,420 shares of the company’s stock, valued at approximately $12,171,900. This represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, 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 sale, the vice president now directly owns 121,461 shares of the company’s stock, valued at approximately $21,989,299.44. This represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 54,355 shares of company stock valued at $9,877,423 over the last three months. Insiders own 10.80% of the company’s stock.

Analyst Upgrades and Downgrades

AMZN has been the topic of a number of analyst reports. Rosenblatt Securities boosted their price objective on shares of Amazon.com from $220.00 to $221.00 and gave the company a “buy” rating in a research report on Friday, August 2nd. Bank of America decreased their price objective on shares of Amazon.com from $220.00 to $210.00 and set a “buy” rating on the stock in a research 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 price objective on the stock. in a research report on Friday, August 2nd. TD Securities boosted their price objective on shares of Amazon.com from $225.00 to $245.00 in a research report on Wednesday, July 10th. Finally, Evercore ISI restated an “outperform” rating and issued a $240.00 price objective on shares of Amazon.com in a research report on Friday. Two analysts have rated the stock with a hold rating, forty-two have given a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $224.00.

Amazon.com Stock Up 1.2 %

AMZN opened at $188.82 on Friday. 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 firm has a 50 day moving average price of $179.58 and a 200-day moving average price of $183.17. Amazon.com, Inc. has a twelve month low of $118.35 and a twelve month high of $201.20. The stock has a market capitalization of $1.98 trillion, a price-to-earnings ratio of 45.17, a PEG ratio of 1.38 and a beta of 1.14.

Amazon.com (NASDAQ:AMZN) last released its quarterly earnings data on Thursday, August 1st. The e-commerce giant reported $1.23 earnings per share for the quarter, beating the consensus estimate of $1.05 by $0.18. Amazon.com had a net margin of 7.35% and a return on equity of 21.39%. The firm had revenue of $147.98 billion during the quarter, compared to analysts’ expectations of $148.63 billion. Equities research analysts forecast that Amazon.com, Inc. will post 4.85 earnings per share for the current year.

Amazon.com 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.