Amazon.com, Inc. (NASDAQ:AMZN) Shares Bought by Redwood Wealth Management Group LLC

Redwood Wealth Management Group LLC raised its position in Amazon.com, Inc. (NASDAQ:AMZN) by 4.5% in the 2nd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 5,546 shares of the e-commerce giant’s stock after acquiring an additional 237 shares during the period. Amazon.com makes up approximately 0.8% of Redwood Wealth Management Group LLC’s holdings, making the stock its 25th biggest holding. Redwood Wealth Management Group LLC’s holdings in Amazon.com were worth $1,072,000 at the end of the most recent quarter.

Other institutional investors also recently bought and sold shares of the company. Collective Family Office LLC lifted its position in Amazon.com by 9.7% during 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 purchasing an additional 819 shares during the period. Phillips Wealth Planners LLC lifted its position in Amazon.com by 9.2% during the first quarter. Phillips Wealth Planners LLC now owns 2,655 shares of the e-commerce giant’s stock valued at $487,000 after purchasing an additional 224 shares during the period. Stonekeep Investments LLC acquired a new position in Amazon.com during the second quarter valued at $2,588,000. Concord Investment Counsel Inc. acquired a new position in Amazon.com during the first quarter valued at $20,790,000. Finally, O Shaughnessy Asset Management LLC lifted its position in Amazon.com by 26.1% during the first quarter. O Shaughnessy Asset Management LLC now owns 644,319 shares of the e-commerce giant’s stock valued at $116,222,000 after purchasing an additional 133,471 shares during the period. 72.20% of the stock is currently owned by institutional investors and hedge funds.

Amazon.com Stock Performance

Shares of NASDAQ AMZN opened at $187.69 on Wednesday. The company has a market cap of $1.95 trillion, a PE ratio of 52.57, a price-to-earnings-growth ratio of 1.38 and a beta of 1.14. Amazon.com, Inc. has a 12 month low of $118.35 and a 12 month 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 company has a 50-day simple moving average of $180.63 and a 200-day simple moving average of $183.30.

Amazon.com (NASDAQ:AMZN) last released its earnings results on Thursday, August 1st. The e-commerce giant reported $1.23 earnings per share (EPS) for the quarter, topping 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 business had revenue of $147.98 billion for the quarter, compared to analysts’ expectations of $148.63 billion. On average, equities analysts anticipate that Amazon.com, Inc. will post 4.85 earnings per share for the current year.

Insider Buying and Selling at Amazon.com

In other Amazon.com news, CEO Douglas J. Herrington sold 3,500 shares of Amazon.com stock in a transaction that occurred on Thursday, August 1st. The shares were sold at an average price of $189.25, for a total transaction of $662,375.00. Following the transaction, the chief executive officer now directly owns 503,753 shares of the company’s stock, valued at $95,335,255.25. The trade was a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is accessible through this hyperlink. In other news, CEO Douglas J. Herrington sold 3,500 shares of the business’s stock in a transaction on Thursday, August 1st. The shares were sold at an average price of $189.25, for a total transaction of $662,375.00. Following the transaction, the chief executive officer now directly owns 503,753 shares of the company’s stock, valued at approximately $95,335,255.25. The trade was a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, VP Shelley Reynolds sold 3,791 shares of the business’s stock in a transaction on Wednesday, August 21st. The stock was sold at an average price of $181.04, for a total transaction of $686,322.64. Following the transaction, the vice president now directly owns 121,461 shares in the company, valued at approximately $21,989,299.44. The trade was a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 54,355 shares of company stock valued at $9,877,423 over the last ninety days. Corporate insiders own 10.80% of the company’s stock.

Wall Street Analyst Weigh In

A number of research firms recently issued reports on AMZN. Scotiabank began coverage on shares of Amazon.com in a research report on Friday, October 11th. They set a “sector outperform” rating and a $245.00 target price for the company. Sanford C. Bernstein lifted their price objective on shares of Amazon.com from $210.00 to $215.00 and gave the company an “outperform” rating in a report on Monday, July 22nd. BMO Capital Markets reaffirmed an “outperform” rating and issued a $230.00 price objective on shares of Amazon.com in a report on Thursday, September 19th. TD Securities lifted their price objective on shares of Amazon.com from $225.00 to $245.00 in a report on Wednesday, July 10th. Finally, Maxim Group lifted their price objective on shares of Amazon.com from $238.00 to $251.00 and gave the company a “buy” rating in a report on Friday, August 2nd. Two research analysts have rated the stock with a hold rating, forty-two have assigned a buy rating and one has given a strong buy rating to the stock. According to MarketBeat, Amazon.com currently has a consensus rating of “Moderate Buy” and an average target price of $224.00.

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.