Amazon.com, Inc. (NASDAQ:AMZN) Stock Holdings Boosted by Main Street Research LLC

Main Street Research LLC boosted its position in Amazon.com, Inc. (NASDAQ:AMZN) by 2.8% in the second quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 293,198 shares of the e-commerce giant’s stock after buying an additional 8,029 shares during the quarter. Amazon.com makes up about 3.7% of Main Street Research LLC’s holdings, making the stock its 6th largest position. Main Street Research LLC’s holdings in Amazon.com were worth $56,661,000 at the end of the most recent reporting period.

Several other hedge funds have also recently made changes to their positions in AMZN. Cooksen Wealth LLC purchased a new position in Amazon.com in the 4th quarter valued at approximately $30,000. Christopher J. Hasenberg Inc grew its position 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. Clarity Asset Management Inc. bought a new stake in shares of Amazon.com during the 4th quarter valued at $46,000. Steph & Co. purchased a new stake in Amazon.com during the 1st quarter worth about $65,000. Finally, Koesten Hirschmann & Crabtree INC. bought a new position in Amazon.com in the 1st quarter worth about $69,000. 72.20% of the stock is currently owned by institutional investors.

Insider Activity at Amazon.com

In other news, SVP David Zapolsky sold 4,710 shares of the stock in a transaction that occurred 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 owns 59,500 shares of the company’s stock, valued at approximately $11,602,500. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. In related 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 sale, the senior vice president now directly owns 59,500 shares of the company’s stock, valued at $11,602,500. The sale was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, CEO Andrew R. Jassy sold 20,784 shares of the firm’s stock in a transaction on 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 transaction, the chief executive officer now directly owns 2,056,534 shares of the company’s stock, valued at approximately $371,759,651.18. The disclosure for this sale can be found here. Insiders have sold 6,104,317 shares of company stock worth $1,220,621,322 over the last 90 days. 10.80% of the stock is owned by company insiders.

Analysts Set New Price Targets

A number of equities research analysts have recently issued reports on the stock. Wells Fargo & Company lowered their price target on shares of Amazon.com from $232.00 to $225.00 and set an “overweight” rating on the stock in a report on Monday, August 26th. Piper Sandler cut their price target on shares of Amazon.com from $220.00 to $215.00 and set an “overweight” rating for the company in a report on Friday, August 2nd. JMP Securities upped their price target on shares of Amazon.com from $245.00 to $265.00 and gave the stock a “market outperform” rating in a report on Tuesday, September 3rd. Tigress Financial increased their price objective on Amazon.com from $210.00 to $245.00 and gave the stock a “buy” rating in a research report on Thursday, May 30th. Finally, Evercore ISI boosted their target price on Amazon.com from $225.00 to $240.00 and gave the stock an “outperform” rating in a research report on Friday. One investment analyst has rated the stock with a hold rating, forty-one have assigned a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat, the stock has an average rating of “Buy” and a consensus price target of $222.84.

Amazon.com Price Performance

AMZN opened at $193.88 on Tuesday. The company has a debt-to-equity ratio of 0.23, a quick ratio of 0.88 and a current ratio of 1.10. The stock has a market capitalization of $2.02 trillion, a PE ratio of 54.31, a price-to-earnings-growth ratio of 1.39 and a beta of 1.14. The stock’s 50 day moving average price is $178.57 and its 200-day moving average price is $182.22. Amazon.com, Inc. has a 52-week low of $118.35 and a 52-week high of $201.20.

Amazon.com (NASDAQ:AMZN) last released its quarterly 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. Amazon.com had a net margin of 7.35% and a return on equity of 21.39%. The business had revenue of $147.98 billion for the quarter, compared to analysts’ expectations of $148.63 billion. On average, equities research analysts predict 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.