Amazon.com, Inc. (NASDAQ:AMZN) Shares Acquired by Atlas Capital Advisors LLC

Atlas Capital Advisors LLC lifted its position in shares of Amazon.com, Inc. (NASDAQ:AMZN) by 631.3% during the second quarter, Holdings Channel reports. The firm owned 45,715 shares of the e-commerce giant’s stock after acquiring an additional 39,464 shares during the quarter. Amazon.com makes up about 1.1% of Atlas Capital Advisors LLC’s portfolio, making the stock its 22nd largest holding. Atlas Capital Advisors LLC’s holdings in Amazon.com were worth $8,834,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Collective Family Office LLC increased 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 during the period. Phillips Wealth Planners LLC increased its position in Amazon.com by 9.2% in the 1st quarter. Phillips Wealth Planners LLC now owns 2,655 shares of the e-commerce giant’s stock valued at $487,000 after acquiring an additional 224 shares during the period. Bayesian Capital Management LP acquired a new position in Amazon.com in the 4th quarter valued at about $5,926,000. Summa Corp. acquired a new position in Amazon.com in the 4th quarter valued at about $1,506,000. Finally, Concord Investment Counsel Inc. acquired a new position in Amazon.com in the 1st quarter valued at about $20,790,000. Institutional investors and hedge funds own 72.20% of the company’s stock.

Amazon.com Trading Up 0.0 %

Shares of AMZN opened at $193.96 on Wednesday. The stock has a fifty day moving average of $178.59 and a two-hundred day moving average of $182.35. 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 company has a market capitalization of $2.02 trillion, a PE ratio of 54.33, a price-to-earnings-growth ratio of 1.39 and a beta of 1.14. 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 issued 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. The company 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 21.39% and a net margin of 7.35%. As a group, analysts forecast that Amazon.com, Inc. will post 4.86 EPS for the current year.

Insider Transactions at Amazon.com

In other news, insider Jeffrey P. Bezos sold 3,085,116 shares of the company’s stock in a transaction on Friday, July 5th. The stock was sold at an average price of $200.07, for a total transaction of $617,239,158.12. Following the completion of the sale, the insider now directly owns 931,925,277 shares in the company, valued at approximately $186,450,290,169.39. The transaction was disclosed in a legal filing with the SEC, which is available at this link. In related news, insider Jeffrey P. Bezos sold 3,085,116 shares of the company’s stock in a transaction on Friday, July 5th. The shares were sold at an average price of $200.07, for a total transaction 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 filing with the SEC, which can be accessed through the SEC website. Also, VP Shelley Reynolds sold 3,791 shares of the company’s stock in a transaction on Wednesday, August 21st. The stock was sold at an average price of $181.04, for a total transaction of $686,322.64. Following 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 sold a total of 6,104,317 shares of company stock worth $1,220,621,322 in the last ninety days. Insiders own 10.80% of the company’s stock.

Wall Street Analyst Weigh In

Several equities analysts recently issued reports on the company. JMP Securities boosted their price target on Amazon.com from $245.00 to $265.00 and gave the company a “market outperform” rating in a research report on Tuesday, September 3rd. Barclays boosted their price target on Amazon.com from $220.00 to $235.00 and gave the company an “overweight” rating in a research report on Friday, August 2nd. Wolfe Research initiated coverage on Amazon.com in a report on Tuesday, July 16th. They issued an “outperform” rating and a $250.00 price objective on the stock. BMO Capital Markets reaffirmed an “outperform” rating and issued a $230.00 price objective on shares of Amazon.com in a report on Thursday, September 19th. Finally, Jefferies Financial Group lowered their price objective on Amazon.com from $235.00 to $225.00 and set a “buy” rating on the stock in a report on Friday, August 2nd. One equities research analyst has rated the stock with a hold rating, forty-one have given a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat.com, the company has an average rating of “Buy” and a consensus target price of $222.84.

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.