Voisard Asset Management Group Inc. Acquires 508 Shares of Amazon.com, Inc. (NASDAQ:AMZN)

Voisard Asset Management Group Inc. raised its holdings in Amazon.com, Inc. (NASDAQ:AMZN) by 14.1% in the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 4,122 shares of the e-commerce giant’s stock after acquiring an additional 508 shares during the period. Amazon.com comprises about 0.4% of Voisard Asset Management Group Inc.’s investment portfolio, making the stock its 20th largest holding. Voisard Asset Management Group Inc.’s holdings in Amazon.com were worth $797,000 at the end of the most recent quarter.

Several other large investors also recently modified their holdings of the business. Collective Family Office LLC lifted its position in Amazon.com by 9.7% in the 1st 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 in the last quarter. Members Trust Co raised its stake in shares of Amazon.com by 8.9% in the 4th quarter. Members Trust Co now owns 4,157 shares of the e-commerce giant’s stock valued at $638,000 after purchasing an additional 341 shares during the period. Phillips Wealth Planners LLC lifted its holdings in shares of Amazon.com by 9.2% in 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 in the last quarter. LifePlan Financial LLC acquired a new position in shares of Amazon.com during the fourth quarter worth about $1,276,000. Finally, Legacy CG LLC raised its position in Amazon.com by 8.2% in the 4th quarter. Legacy CG LLC now owns 55,645 shares of the e-commerce giant’s stock valued at $8,455,000 after buying an additional 4,217 shares during the last quarter. 72.20% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

AMZN has been the subject of a number of recent research reports. Barclays upped their price target on Amazon.com from $220.00 to $235.00 and gave the stock an “overweight” rating in a research report on Friday, August 2nd. Stifel Nicolaus decreased their target price on shares of Amazon.com from $228.00 to $224.00 and set a “buy” rating for the company in a research report on Friday, August 2nd. Wedbush reissued an “outperform” rating and set a $225.00 price target on shares of Amazon.com in a research report on Friday, August 2nd. Raymond James raised their price objective on Amazon.com from $200.00 to $205.00 and gave the company a “strong-buy” rating in a report on Wednesday, May 1st. Finally, Needham & Company LLC upped their target price on Amazon.com from $205.00 to $210.00 and gave the stock a “buy” rating in a report on Wednesday, July 17th. One investment analyst has rated the stock with a hold rating, forty have assigned a buy rating and one has issued a strong buy rating to the company’s stock. According to MarketBeat.com, Amazon.com presently has an average rating of “Buy” and an average target price of $221.36.

Amazon.com Price Performance

Shares of NASDAQ AMZN opened at $173.12 on Wednesday. The business has a fifty day moving average price of $183.61 and a two-hundred day moving average price of $181.09. The stock has a market capitalization of $1.80 trillion, a PE ratio of 48.49, a P/E/G ratio of 1.32 and a beta of 1.15. The company has a debt-to-equity ratio of 0.27, a current ratio of 1.07 and a quick ratio of 0.87. Amazon.com, Inc. has a fifty-two week low of $118.35 and a fifty-two week high of $201.20.

Amazon.com (NASDAQ:AMZN) last posted its quarterly earnings results on Thursday, August 1st. The e-commerce giant reported $1.23 EPS for the quarter, beating analysts’ consensus estimates 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 return on equity of 22.35% and a net margin of 7.35%. As a group, equities analysts predict that Amazon.com, Inc. will post 4.73 earnings per share for the current fiscal year.

Insider Transactions at Amazon.com

In other Amazon.com news, CEO Andrew R. Jassy sold 20,784 shares of the business’s stock in a transaction that occurred on Wednesday, August 21st. The shares were sold at an average price of $180.77, for a total transaction of $3,757,123.68. Following the completion of the transaction, the chief executive officer now directly owns 2,056,534 shares in the company, valued at $371,759,651.18. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. In other Amazon.com news, CEO Andrew R. Jassy sold 20,784 shares of Amazon.com stock in a transaction dated Wednesday, August 21st. The stock was sold at an average price of $180.77, for a total value of $3,757,123.68. Following the transaction, the chief executive officer now owns 2,056,534 shares in the company, valued at $371,759,651.18. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, insider Jeffrey P. Bezos sold 3,085,116 shares of the business’s stock in a transaction dated Friday, July 5th. The stock was sold at an average price of $200.07, for a total value of $617,239,158.12. Following the transaction, the insider now directly owns 931,925,277 shares of the company’s stock, valued at approximately $186,450,290,169.39. The disclosure for this sale can be found here. In the last 90 days, insiders sold 6,107,817 shares of company stock valued at $1,221,241,837. Company insiders own 10.80% of the company’s stock.

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.