TSA Wealth Managment LLC Boosts Stock Position in Amazon.com, Inc. (NASDAQ:AMZN)

TSA Wealth Managment LLC grew its stake in shares of Amazon.com, Inc. (NASDAQ:AMZN) by 55.7% during the second quarter, Holdings Channel reports. The institutional investor owned 2,057 shares of the e-commerce giant’s stock after buying an additional 736 shares during the period. TSA Wealth Managment LLC’s holdings in Amazon.com were worth $398,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other large investors have also recently made changes to their positions in the stock. Valley Brook Capital Group Inc. lifted its position in shares of Amazon.com by 13.2% during the 2nd quarter. Valley Brook Capital Group Inc. now owns 12,734 shares of the e-commerce giant’s stock valued at $2,461,000 after buying an additional 1,487 shares in the last quarter. Wright Investors Service Inc. lifted its position in shares of Amazon.com by 9.4% during the 2nd quarter. Wright Investors Service Inc. now owns 61,449 shares of the e-commerce giant’s stock valued at $11,875,000 after buying an additional 5,290 shares in the last quarter. Fort Pitt Capital Group LLC lifted its position in shares of Amazon.com by 1,527.3% during the 2nd quarter. Fort Pitt Capital Group LLC now owns 348,481 shares of the e-commerce giant’s stock valued at $67,344,000 after buying an additional 327,066 shares in the last quarter. Zimmermann Investment Management & Planning LLC lifted its position in shares of Amazon.com by 0.6% during the 2nd quarter. Zimmermann Investment Management & Planning LLC now owns 30,395 shares of the e-commerce giant’s stock valued at $5,874,000 after buying an additional 190 shares in the last quarter. Finally, Riversedge Advisors LLC lifted its position in shares of Amazon.com by 4.4% during the 2nd quarter. Riversedge Advisors LLC now owns 6,170 shares of the e-commerce giant’s stock valued at $1,192,000 after buying an additional 262 shares in the last quarter. 72.20% of the stock is owned by hedge funds and other institutional investors.

Insiders Place Their Bets

In other Amazon.com news, SVP David Zapolsky sold 4,710 shares of the company’s stock in a transaction on Thursday, June 27th. The stock was sold at an average price of $195.00, for a total value of $918,450.00. Following the completion of the sale, the senior vice president now directly owns 59,500 shares in the company, valued at approximately $11,602,500. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. In other news, CEO Douglas J. Herrington sold 3,500 shares of the business’s stock in a transaction on Monday, July 1st. The stock was sold at an average price of $195.99, for a total value of $685,965.00. Following the completion of the transaction, the chief executive officer now directly owns 519,753 shares of the company’s stock, valued at approximately $101,866,390.47. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. Also, SVP David Zapolsky sold 4,710 shares of the business’s stock in a transaction on Thursday, June 27th. The stock was sold at an average price of $195.00, for a total value of $918,450.00. Following the completion of the transaction, the senior vice president now directly owns 59,500 shares of the company’s stock, valued at $11,602,500. The disclosure for this sale can be found here. In the last ninety days, insiders sold 6,104,317 shares of company stock worth $1,220,621,322. 10.80% of the stock is currently owned by company insiders.

Analyst Ratings Changes

A number of research analysts have recently weighed in on AMZN shares. Wolfe Research began coverage on Amazon.com in a research report on Tuesday, July 16th. They set an “outperform” rating and a $250.00 price objective on the stock. Benchmark reissued a “buy” rating and set a $200.00 target price on shares of Amazon.com in a research note on Friday, August 2nd. Jefferies Financial Group decreased their target price on Amazon.com from $235.00 to $225.00 and set a “buy” rating on the stock in a research note on Friday, August 2nd. Stifel Nicolaus decreased their target price on Amazon.com from $228.00 to $224.00 and set a “buy” rating on the stock in a research note on Friday, August 2nd. Finally, Wedbush reissued an “outperform” rating and set a $225.00 target price on shares of Amazon.com in a research note on Friday, August 2nd. One investment analyst has rated the stock with a hold rating, forty have issued a buy rating and two have assigned a strong buy rating to the company’s stock. According to data from MarketBeat, Amazon.com has an average rating of “Buy” and an average target price of $222.84.

Amazon.com Price Performance

AMZN opened at $191.60 on Friday. The business has a fifty day moving average of $178.54 and a 200 day moving average of $181.98. Amazon.com, Inc. has a 52-week low of $118.35 and a 52-week high of $201.20. The company has a quick ratio of 0.88, a current ratio of 1.10 and a debt-to-equity ratio of 0.23. The stock has a market cap of $1.99 trillion, a P/E ratio of 53.67, a PEG ratio of 1.39 and a beta of 1.14.

Amazon.com (NASDAQ:AMZN) last issued its earnings results on Thursday, August 1st. The e-commerce giant reported $1.23 earnings per share for the quarter, topping the consensus estimate 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 during the quarter, compared to analysts’ expectations of $148.63 billion. As a group, sell-side analysts anticipate that Amazon.com, Inc. will post 4.86 EPS for the current year.

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.