PSI Advisors LLC Has $3.60 Million Stake in Amazon.com, Inc. (NASDAQ:AMZN)

PSI Advisors LLC boosted its position in Amazon.com, Inc. (NASDAQ:AMZN) by 1.3% during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 18,642 shares of the e-commerce giant’s stock after acquiring an additional 240 shares during the quarter. Amazon.com accounts for 1.1% of PSI Advisors LLC’s holdings, making the stock its 21st largest holding. PSI Advisors LLC’s holdings in Amazon.com were worth $3,603,000 at the end of the most recent quarter.

Other hedge funds have also added to or reduced their stakes in the company. Cooksen Wealth LLC bought a new position in Amazon.com in the fourth quarter valued at approximately $30,000. Clarity Asset Management Inc. bought a new position in Amazon.com in the fourth quarter valued at approximately $46,000. Steph & Co. bought a new stake in shares of Amazon.com during the first quarter worth $65,000. Advantage Trust Co bought a new stake in shares of Amazon.com during the fourth quarter worth $68,000. Finally, Koesten Hirschmann & Crabtree INC. bought a new stake in shares of Amazon.com during the first quarter worth $69,000. 72.20% of the stock is owned by institutional investors.

Insider Buying and Selling

In related news, VP Shelley Reynolds sold 3,791 shares of the company’s stock in a transaction dated Wednesday, August 21st. The shares were sold at an average price of $181.04, for a total value of $686,322.64. Following the sale, the vice president now owns 121,461 shares in the company, valued at approximately $21,989,299.44. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. In other Amazon.com news, insider Jeffrey P. Bezos sold 3,085,116 shares of the company’s stock in a transaction dated Friday, July 5th. The shares were sold at an average price of $200.07, for a total value of $617,239,158.12. Following the completion of the sale, the insider now directly owns 931,925,277 shares of the company’s stock, valued at approximately $186,450,290,169.39. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, VP Shelley Reynolds sold 3,791 shares of the company’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 sale, the vice president now directly owns 121,461 shares of the company’s stock, valued at $21,989,299.44. The disclosure for this sale can be found here. Insiders have sold 6,104,317 shares of company stock worth $1,220,621,322 in the last quarter. Insiders own 10.80% of the company’s stock.

Amazon.com Trading Up 2.8 %

AMZN opened at $184.52 on Thursday. 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, Inc. has a fifty-two week low of $118.35 and a fifty-two week high of $201.20. The firm has a market capitalization of $1.92 trillion, a PE ratio of 51.69, a P/E/G ratio of 1.29 and a beta of 1.14. The company’s 50-day moving average is $179.99 and its 200 day moving average is $181.44.

Amazon.com (NASDAQ:AMZN) last posted its 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 net margin of 7.35% and a return on equity of 21.39%. The company had revenue of $147.98 billion for the quarter, compared to analyst estimates of $148.63 billion. As a group, research analysts predict that Amazon.com, Inc. will post 4.86 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

A number of research firms have weighed in on AMZN. Truist Financial boosted their target price on shares of Amazon.com from $220.00 to $230.00 and gave the stock a “buy” rating in a research note on Monday, July 22nd. Rosenblatt Securities boosted their target price on shares of Amazon.com from $220.00 to $221.00 and gave the stock a “buy” rating in a research note 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 on the stock in a research note on Friday, August 2nd. TD Securities boosted their target price on shares of Amazon.com from $225.00 to $245.00 in a research note on Wednesday, July 10th. Finally, Needham & Company LLC boosted their target price on shares of Amazon.com from $205.00 to $210.00 and gave the stock a “buy” rating in a research note on Wednesday, July 17th. One research analyst has rated the stock with a hold rating, forty have issued a buy rating and two have issued a strong buy rating to the stock. Based on data from MarketBeat, the company presently has an average rating of “Buy” and a consensus target price of $222.49.

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.