TMD Wealth Management LLC Increases Stock Holdings in Amazon.com, Inc. (NASDAQ:AMZN)

TMD Wealth Management LLC raised its stake in Amazon.com, Inc. (NASDAQ:AMZN) by 17.0% during the 2nd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 4,026 shares of the e-commerce giant’s stock after purchasing an additional 585 shares during the period. TMD Wealth Management LLC’s holdings in Amazon.com were worth $778,000 as of its most recent SEC filing.

Several other hedge funds also recently added to or reduced their stakes in the stock. Parallel Advisors LLC increased its stake in Amazon.com by 7.1% in the second quarter. Parallel Advisors LLC now owns 364,837 shares of the e-commerce giant’s stock valued at $70,505,000 after purchasing an additional 24,341 shares during the last quarter. O Neil Global Advisors Inc. purchased a new position in Amazon.com in the second quarter valued at approximately $6,121,000. Kuhn & Co Investment Counsel grew its position in shares of Amazon.com by 0.9% during the second quarter. Kuhn & Co Investment Counsel now owns 12,813 shares of the e-commerce giant’s stock worth $2,476,000 after acquiring an additional 120 shares during the last quarter. Westover Capital Advisors LLC grew its position in shares of Amazon.com by 10.0% during the second quarter. Westover Capital Advisors LLC now owns 59,862 shares of the e-commerce giant’s stock worth $11,568,000 after acquiring an additional 5,419 shares during the last quarter. Finally, 1ST Source Bank grew its position in shares of Amazon.com by 0.5% during the second quarter. 1ST Source Bank now owns 89,145 shares of the e-commerce giant’s stock worth $17,227,000 after acquiring an additional 477 shares during the last quarter. 72.20% of the stock is currently owned by hedge funds and other institutional investors.

Insider Activity at Amazon.com

In related news, CFO Brian T. Olsavsky sold 14,600 shares of the business’s stock in a transaction dated Wednesday, August 21st. The shares were sold at an average price of $180.00, for a total value 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 approximately $8,820,000. The trade was a 0.00 % decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. In other news, CEO Andrew R. Jassy sold 20,784 shares of the company’s stock in a transaction dated 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 completion of the transaction, the chief executive officer now owns 2,056,534 shares of the company’s stock, valued at $371,759,651.18. This represents a 0.00 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Also, CFO Brian T. Olsavsky sold 14,600 shares of the company’s stock in a transaction dated 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 transaction, the chief financial officer now directly owns 49,000 shares of the company’s stock, valued at approximately $8,820,000. This represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders sold 54,355 shares of company stock valued at $9,877,423. 10.80% of the stock is owned by insiders.

Amazon.com Trading Up 1.2 %

Shares of AMZN stock opened at $188.82 on Monday. The firm has a 50-day moving average price of $179.58 and a 200 day moving average price of $183.19. Amazon.com, Inc. has a twelve month low of $118.35 and a twelve month high of $201.20. The company 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. 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 (NASDAQ:AMZN) last announced its earnings results 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 the consensus estimate of $148.63 billion. Research analysts forecast that Amazon.com, Inc. will post 4.85 earnings per share for the current fiscal year.

Analysts Set New Price Targets

A number of equities analysts have recently issued reports on AMZN shares. Rosenblatt Securities raised their target price on shares of Amazon.com from $220.00 to $221.00 and gave the stock a “buy” rating in a research report on Friday, August 2nd. TD Securities raised their target price on shares of Amazon.com from $225.00 to $245.00 in a research report on Wednesday, July 10th. JPMorgan Chase & Co. lowered their target price on shares of Amazon.com from $240.00 to $230.00 and set an “overweight” rating on the stock in a research report on Friday, August 2nd. Benchmark restated a “buy” rating and set a $200.00 target price on shares of Amazon.com in a research report on Friday, August 2nd. Finally, DA Davidson restated a “buy” rating and set a $235.00 target price on shares of Amazon.com in a research report on Thursday. 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 company. Based on data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average price target of $224.00.

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.