Amazon.com, Inc. (NASDAQ:AMZN) Shares Bought by Providence Wealth Advisors LLC

Providence Wealth Advisors LLC raised its holdings in Amazon.com, Inc. (NASDAQ:AMZN) by 18.4% in the second quarter, according to the company in its most recent disclosure with the SEC. The firm owned 15,909 shares of the e-commerce giant’s stock after acquiring an additional 2,475 shares during the quarter. Amazon.com accounts for about 2.5% of Providence Wealth Advisors LLC’s holdings, making the stock its 9th biggest position. Providence Wealth Advisors LLC’s holdings in Amazon.com were worth $3,102,000 as of its most recent filing with the SEC.

Other hedge funds and other institutional investors also recently bought and sold shares of the company. Collective Family Office LLC lifted its holdings in Amazon.com by 9.7% in the first quarter. Collective Family Office LLC now owns 9,278 shares of the e-commerce giant’s stock valued at $1,674,000 after acquiring an additional 819 shares during the period. Phillips Wealth Planners LLC raised its stake in shares of Amazon.com by 9.2% during the 1st quarter. Phillips Wealth Planners LLC now owns 2,655 shares of the e-commerce giant’s stock worth $487,000 after buying an additional 224 shares during the last quarter. Stonekeep Investments LLC acquired a new position in shares of Amazon.com during the 2nd quarter worth $2,588,000. Concord Investment Counsel Inc. acquired a new position in shares of Amazon.com during the 1st quarter worth $20,790,000. Finally, O Shaughnessy Asset Management LLC raised its stake in shares of Amazon.com by 26.1% during 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 buying an additional 133,471 shares during the last quarter. Institutional investors and hedge funds own 72.20% of the company’s stock.

Analyst Ratings Changes

Several research analysts have recently issued reports on AMZN shares. BMO Capital Markets reaffirmed an “outperform” rating and set a $230.00 price target on shares of Amazon.com in a research note on Thursday, September 19th. TD Cowen lifted their price target on Amazon.com from $225.00 to $245.00 and gave the stock a “buy” rating in a research note on Wednesday, July 10th. TD Securities lifted their price target on Amazon.com from $225.00 to $245.00 in a research note on Wednesday, July 10th. Robert W. Baird lifted their price target on Amazon.com from $210.00 to $213.00 and gave the stock an “outperform” rating in a research note on Friday, June 21st. Finally, Truist Financial lifted their price objective on Amazon.com from $230.00 to $265.00 and gave the stock a “buy” rating in a research report on Monday, September 30th. Two equities research analysts have rated the stock with a hold rating, forty-two have given a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus target price of $224.00.

Amazon.com Stock Performance

NASDAQ AMZN opened at $187.69 on Wednesday. The firm has a market capitalization of $1.95 trillion, a P/E ratio of 52.57, a P/E/G ratio of 1.38 and a beta of 1.14. Amazon.com, Inc. has a 1-year low of $118.35 and a 1-year high of $201.20. The company has a debt-to-equity ratio of 0.23, a current ratio of 1.10 and a quick ratio of 0.88. The business’s 50-day simple moving average is $180.63 and its 200-day simple moving average is $183.30.

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

Insider Buying and Selling

In related news, SVP David Zapolsky sold 2,190 shares of the business’s stock in a transaction that occurred on Tuesday, September 24th. The stock was sold at an average price of $195.00, for a total transaction of $427,050.00. Following the transaction, the senior vice president now directly owns 62,420 shares of the company’s stock, valued at approximately $12,171,900. The trade was a 0.00 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website. In related news, SVP David Zapolsky sold 2,190 shares of the business’s stock in a transaction that occurred on Tuesday, September 24th. The stock was sold at an average price of $195.00, for a total transaction of $427,050.00. Following the transaction, the senior vice president now directly owns 62,420 shares of the company’s stock, valued at approximately $12,171,900. The trade was a 0.00 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Also, CFO Brian T. Olsavsky sold 14,600 shares of the company’s stock in a transaction that occurred on 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 directly owns 49,000 shares in the company, valued at approximately $8,820,000. The trade was a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 54,355 shares of company stock valued at $9,877,423. Corporate insiders own 10.80% of the company’s stock.

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.