14,705 Shares in Amazon.com, Inc. (NASDAQ:AMZN) Purchased by Ted Buchan & Co

Ted Buchan & Co acquired a new position in shares of Amazon.com, Inc. (NASDAQ:AMZN) during the second quarter, HoldingsChannel reports. The fund acquired 14,705 shares of the e-commerce giant’s stock, valued at approximately $2,842,000. Amazon.com makes up approximately 1.5% of Ted Buchan & Co’s portfolio, making the stock its 17th largest position.

Several other institutional investors and hedge funds also recently modified their holdings of the business. PayPay Securities Corp lifted its holdings in shares of Amazon.com by 64.6% in the second quarter. PayPay Securities Corp now owns 163 shares of the e-commerce giant’s stock valued at $32,000 after purchasing an additional 64 shares in the last quarter. Christopher J. Hasenberg Inc lifted its holdings in shares of Amazon.com by 650.0% in the second quarter. Christopher J. Hasenberg Inc now owns 300 shares of the e-commerce giant’s stock valued at $58,000 after purchasing an additional 260 shares in the last quarter. Koesten Hirschmann & Crabtree INC. purchased a new stake in shares of Amazon.com in the first quarter valued at about $69,000. Innealta Capital LLC purchased a new stake in shares of Amazon.com in the second quarter valued at about $77,000. Finally, Abich Financial Wealth Management LLC lifted its holdings in shares of Amazon.com by 84.7% in the second quarter. Abich Financial Wealth Management LLC now owns 434 shares of the e-commerce giant’s stock valued at $84,000 after purchasing an additional 199 shares in the last quarter. Hedge funds and other institutional investors own 72.20% of the company’s stock.

Insider Buying and Selling at Amazon.com

In other Amazon.com news, VP Shelley Reynolds sold 3,791 shares of the stock in a transaction on Wednesday, August 21st. The shares were 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 $21,989,299.44. 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. In other Amazon.com news, VP Shelley Reynolds sold 3,791 shares of the stock in a transaction on Wednesday, August 21st. The shares were 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 $21,989,299.44. 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, SVP David Zapolsky sold 2,190 shares of the 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 transaction, the senior vice president now 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 disclosure for this sale can be found here. Insiders have sold 54,355 shares of company stock worth $9,877,423 in the last ninety days. 10.80% of the stock is owned by insiders.

Amazon.com Price Performance

Shares of AMZN stock opened at $188.39 on Tuesday. The company has a market capitalization of $1.96 trillion, a PE ratio of 52.77, a price-to-earnings-growth ratio of 1.38 and a beta of 1.14. The firm has a fifty day simple moving average of $183.71 and a 200-day simple moving average of $183.54. 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, Inc. has a twelve month low of $128.56 and a twelve month high of $201.20.

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. The business had revenue of $147.98 billion during the quarter, compared to the consensus estimate of $148.63 billion. Amazon.com had a net margin of 7.35% and a return on equity of 21.39%. Equities research analysts anticipate that Amazon.com, Inc. will post 4.85 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

Several analysts have issued reports on AMZN shares. Morgan Stanley reaffirmed an “overweight” rating and issued a $210.00 price target on shares of Amazon.com in a report on Thursday, October 3rd. BMO Capital Markets reissued an “outperform” rating and issued a $230.00 price objective on shares of Amazon.com in a research report on Thursday, September 19th. TD Cowen boosted their price objective on shares of Amazon.com from $225.00 to $245.00 and gave the company a “buy” rating in a research report on Wednesday, July 10th. Truist Financial boosted their price objective on shares of Amazon.com from $230.00 to $265.00 and gave the company a “buy” rating in a research report on Monday, September 30th. Finally, UBS Group boosted their price objective on shares of Amazon.com from $220.00 to $223.00 and gave the company a “buy” rating in a research report on Monday. Two investment analysts have rated the stock with a hold rating, forty-two have given a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $236.76.

About Amazon.com

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.