Amazon.com, Inc. (NASDAQ:AMZN) Shares Acquired by Scarborough Advisors LLC

Scarborough Advisors LLC lifted its position in shares of Amazon.com, Inc. (NASDAQ:AMZN) by 5.2% during the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 12,016 shares of the e-commerce giant’s stock after purchasing an additional 591 shares during the period. Amazon.com comprises 1.0% of Scarborough Advisors LLC’s portfolio, making the stock its 24th largest position. Scarborough Advisors LLC’s holdings in Amazon.com were worth $2,322,000 at the end of the most recent reporting period.

A number of other institutional investors have also made changes to their positions in the company. Valley Wealth Managers Inc. lifted its position in shares of Amazon.com by 11.1% during the second quarter. Valley Wealth Managers Inc. now owns 16,334 shares of the e-commerce giant’s stock worth $3,157,000 after purchasing an additional 1,638 shares in the last quarter. Federated Hermes Inc. raised its holdings in Amazon.com by 3.8% in the second quarter. Federated Hermes Inc. now owns 3,218,149 shares of the e-commerce giant’s stock valued at $621,907,000 after acquiring an additional 116,886 shares in the last quarter. Pinkerton Retirement Specialists LLC raised its holdings in Amazon.com by 12.7% in the second quarter. Pinkerton Retirement Specialists LLC now owns 10,587 shares of the e-commerce giant’s stock valued at $2,046,000 after acquiring an additional 1,194 shares in the last quarter. GHP Investment Advisors Inc. raised its holdings in Amazon.com by 8.7% in the second quarter. GHP Investment Advisors Inc. now owns 5,014 shares of the e-commerce giant’s stock valued at $969,000 after acquiring an additional 401 shares in the last quarter. Finally, Prevail Innovative Wealth Advisors LLC raised its holdings in Amazon.com by 663.4% in the second quarter. Prevail Innovative Wealth Advisors LLC now owns 17,788 shares of the e-commerce giant’s stock valued at $3,438,000 after acquiring an additional 15,458 shares in the last quarter. 72.20% of the stock is owned by institutional investors and hedge funds.

Insider Transactions at Amazon.com

In other news, VP Shelley Reynolds sold 3,791 shares of the stock in a transaction that occurred on Wednesday, August 21st. The shares were sold at an average price of $181.04, for a total value 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. This represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. In other news, CEO Douglas J. Herrington sold 3,500 shares of the 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 completion of the sale, the chief executive officer now directly owns 503,753 shares of the company’s stock, valued at $95,335,255.25. This represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, VP Shelley Reynolds sold 3,791 shares of the stock in a transaction that occurred on Wednesday, August 21st. The stock was sold at an average price of $181.04, for a total value of $686,322.64. Following the completion of the transaction, the vice president now owns 121,461 shares in the company, valued at $21,989,299.44. This represents a 0.00 % decrease in their position. 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. 10.80% of the stock is owned by corporate insiders.

Analysts Set New Price Targets

Several analysts recently issued reports on AMZN shares. The Goldman Sachs Group cut their price target on shares of Amazon.com from $250.00 to $230.00 and set a “buy” rating on the stock in a report on Friday, August 2nd. UBS Group upped their price target on shares of Amazon.com from $217.00 to $224.00 and gave the company a “buy” rating in a report on Tuesday, July 30th. TD Securities upped their price target on shares of Amazon.com from $225.00 to $245.00 in a report on Wednesday, July 10th. Jefferies Financial Group cut their price target on shares of Amazon.com from $235.00 to $225.00 and set a “buy” rating on the stock in a report on Friday, August 2nd. Finally, Rosenblatt Securities increased their target price on shares of Amazon.com from $220.00 to $221.00 and gave the stock a “buy” rating in a report on Friday, August 2nd. Two research analysts have rated the stock with a hold rating, forty-two have issued a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat.com, Amazon.com has an average rating of “Moderate Buy” and a consensus price target of $224.00.

Amazon.com Price Performance

AMZN stock opened at $188.82 on Monday. The company has a current ratio of 1.10, a quick ratio of 0.88 and a debt-to-equity ratio of 0.23. Amazon.com, Inc. has a one year low of $118.35 and a one year high of $201.20. The firm has a market capitalization of $1.98 trillion, a PE ratio of 45.17, a P/E/G ratio of 1.38 and a beta of 1.14. The firm has a 50-day moving average of $179.58 and a two-hundred day moving average of $183.19.

Amazon.com (NASDAQ:AMZN) last posted its quarterly earnings data on Thursday, August 1st. The e-commerce giant reported $1.23 EPS for the quarter, beating analysts’ consensus estimates of $1.05 by $0.18. Amazon.com had a net margin of 7.35% and a return on equity of 21.39%. The company had revenue of $147.98 billion during the quarter, compared to analyst estimates of $148.63 billion. On average, 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.