Amazon.com, Inc. (NASDAQ:AMZN) Shares Acquired by Legacy Financial Advisors Inc.

Legacy Financial Advisors Inc. increased its position in Amazon.com, Inc. (NASDAQ:AMZN) by 5.1% in the second quarter, HoldingsChannel.com reports. The institutional investor owned 36,126 shares of the e-commerce giant’s stock after acquiring an additional 1,743 shares during the period. Amazon.com comprises about 1.2% of Legacy Financial Advisors Inc.’s holdings, making the stock its 17th biggest position. Legacy Financial Advisors Inc.’s holdings in Amazon.com were worth $6,981,000 as of its most recent SEC filing.

A number of other institutional investors have also modified their holdings of AMZN. Vanguard Group Inc. increased its position in Amazon.com by 1.9% during the first quarter. Vanguard Group Inc. now owns 785,811,114 shares of the e-commerce giant’s stock worth $141,744,609,000 after purchasing an additional 14,724,687 shares during the last quarter. Swedbank AB acquired a new position in Amazon.com during the first quarter worth approximately $2,239,757,000. Capital World Investors increased its position in Amazon.com by 64.6% during the first quarter. Capital World Investors now owns 29,359,677 shares of the e-commerce giant’s stock worth $5,295,899,000 after purchasing an additional 11,524,463 shares during the last quarter. Capital Research Global Investors increased its position in Amazon.com by 8.5% during the first quarter. Capital Research Global Investors now owns 86,982,857 shares of the e-commerce giant’s stock worth $15,689,968,000 after purchasing an additional 6,810,145 shares during the last quarter. Finally, Global Assets Advisory LLC increased its position in Amazon.com by 30,350.2% during the first quarter. Global Assets Advisory LLC now owns 6,531,569 shares of the e-commerce giant’s stock worth $1,178,164,000 after purchasing an additional 6,510,119 shares during the last quarter. Institutional investors and hedge funds own 72.20% of the company’s stock.

Insider Activity

In other news, VP Shelley Reynolds sold 3,791 shares of the firm’s stock in a transaction dated 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 owns 121,461 shares in the company, valued at approximately $21,989,299.44. This trade represents a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this link. In other Amazon.com news, SVP David Zapolsky sold 2,190 shares of the firm’s stock in a transaction dated Tuesday, September 24th. The shares were sold at an average price of $195.00, for a total value of $427,050.00. Following the completion of the transaction, the senior vice president now directly owns 62,420 shares in the company, valued at $12,171,900. This trade represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through this link. Also, VP Shelley Reynolds sold 3,791 shares of the firm’s stock in a transaction dated Wednesday, August 21st. The stock was 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 owns 121,461 shares of the company’s stock, 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. In the last quarter, insiders sold 54,355 shares of company stock worth $9,877,423. Corporate insiders own 10.80% of the company’s stock.

Analyst Upgrades and Downgrades

Several equities analysts recently commented on the stock. Wells Fargo & Company lowered shares of Amazon.com from an “overweight” rating to an “equal weight” rating and dropped their price target for the stock from $225.00 to $183.00 in a research report on Monday, October 7th. Sanford C. Bernstein upped their price target on shares of Amazon.com from $210.00 to $215.00 and gave the stock an “outperform” rating in a research report on Monday, July 22nd. Wedbush reissued an “outperform” rating and issued a $225.00 price objective on shares of Amazon.com in a research report on Friday, August 2nd. Rosenblatt Securities increased their price objective 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. Finally, Jefferies Financial Group dropped their price objective on shares of Amazon.com from $235.00 to $225.00 and set a “buy” rating for the company in a research report on Friday, August 2nd. Two 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. According to data from MarketBeat, Amazon.com presently has an average rating of “Moderate Buy” and an average target price of $236.78.

Amazon.com Stock Up 0.0 %

Amazon.com stock opened at $189.07 on Tuesday. The stock has a market cap of $1.97 trillion, a price-to-earnings ratio of 52.96, 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. The company’s 50-day moving average price is $182.43 and its two-hundred day moving average price is $183.50. Amazon.com, Inc. has a 52 week low of $118.35 and a 52 week high of $201.20.

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

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.