Abich Financial Wealth Management LLC Purchases 199 Shares of Amazon.com, Inc. (NASDAQ:AMZN)

Abich Financial Wealth Management LLC raised its position in shares of Amazon.com, Inc. (NASDAQ:AMZN) by 84.7% during the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 434 shares of the e-commerce giant’s stock after acquiring an additional 199 shares during the period. Abich Financial Wealth Management LLC’s holdings in Amazon.com were worth $84,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds and other institutional investors have also recently modified their holdings of the company. Alden Global Capital LLC bought a new position in shares of Amazon.com in the 2nd quarter valued at about $4,353,000. Alley Investment Management Company LLC raised its position in Amazon.com by 0.4% during the second quarter. Alley Investment Management Company LLC now owns 93,956 shares of the e-commerce giant’s stock valued at $18,157,000 after purchasing an additional 359 shares during the period. Wick Capital Partners LLC lifted its stake in shares of Amazon.com by 26.9% in the 2nd quarter. Wick Capital Partners LLC now owns 4,306 shares of the e-commerce giant’s stock valued at $832,000 after purchasing an additional 914 shares during the last quarter. Unisphere Establishment lifted its stake in shares of Amazon.com by 9.0% in the 2nd quarter. Unisphere Establishment now owns 1,022,000 shares of the e-commerce giant’s stock valued at $197,502,000 after purchasing an additional 84,000 shares during the last quarter. Finally, Kingfisher Capital LLC boosted its holdings in shares of Amazon.com by 0.6% in the 2nd quarter. Kingfisher Capital LLC now owns 36,526 shares of the e-commerce giant’s stock worth $7,059,000 after purchasing an additional 200 shares during the period. 72.20% of the stock is currently owned by institutional investors.

Amazon.com Stock Up 0.9 %

Amazon.com stock opened at $186.38 on Friday. The business has a fifty day moving average price of $183.11 and a 200-day moving average price of $183.54. Amazon.com, Inc. has a 1-year low of $118.35 and a 1-year high of $201.20. The stock has a market capitalization of $1.94 trillion, a price-to-earnings ratio of 52.21, a PEG ratio of 1.38 and a beta of 1.14. The company has a debt-to-equity ratio of 0.23, a current ratio of 1.10 and a quick ratio of 0.88.

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

Insiders Place Their Bets

In other news, SVP David Zapolsky sold 2,190 shares of Amazon.com stock in a transaction on Tuesday, September 24th. The shares were sold at an average price of $195.00, for a total transaction of $427,050.00. Following the completion of the sale, the senior vice president now directly owns 62,420 shares in the company, valued at approximately $12,171,900. The trade was a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. In other Amazon.com news, SVP David Zapolsky sold 2,190 shares of Amazon.com stock in a transaction dated Tuesday, September 24th. The stock was sold at an average price of $195.00, for a total transaction of $427,050.00. Following the completion of the sale, the senior vice president now 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 sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, CEO Andrew R. Jassy sold 20,784 shares of the business’s stock in a transaction dated Wednesday, August 21st. The shares were sold at an average price of $180.77, for a total value of $3,757,123.68. Following the sale, the chief executive officer now owns 2,056,534 shares in the company, valued at approximately $371,759,651.18. The trade was a 0.00 % decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders have sold 54,355 shares of company stock valued at $9,877,423. Insiders own 10.80% of the company’s stock.

Analysts Set New Price Targets

Several analysts recently weighed in on AMZN shares. Cantor Fitzgerald restated an “overweight” rating and set a $230.00 price target on shares of Amazon.com in a report on Monday, October 7th. Pivotal Research started coverage on shares of Amazon.com in a research note on Friday, October 11th. They issued a “buy” rating and a $260.00 target price on the stock. The Goldman Sachs Group dropped their price target on shares of Amazon.com from $250.00 to $230.00 and set a “buy” rating for the company in a research note on Friday, August 2nd. Needham & Company LLC reiterated a “buy” rating and set a $210.00 price target on shares of Amazon.com in a report on Thursday. Finally, TD Securities raised their price objective on shares of Amazon.com from $225.00 to $245.00 in a research note on Wednesday, July 10th. 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’s stock. According to MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $236.78.

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.