Amazon.com, Inc. (NASDAQ:AMZN) Shares Acquired by International Private Wealth Advisors LLC

International Private Wealth Advisors LLC lifted its position in Amazon.com, Inc. (NASDAQ:AMZN) by 21.8% in the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 5,680 shares of the e-commerce giant’s stock after purchasing an additional 1,018 shares during the quarter. Amazon.com accounts for 1.9% of International Private Wealth Advisors LLC’s portfolio, making the stock its 9th largest position. International Private Wealth Advisors LLC’s holdings in Amazon.com were worth $1,098,000 at the end of the most recent reporting period.

A number of other large investors have also modified their holdings of AMZN. Collective Family Office LLC raised its stake in Amazon.com by 9.7% during the first quarter. Collective Family Office LLC now owns 9,278 shares of the e-commerce giant’s stock worth $1,674,000 after acquiring an additional 819 shares in the last quarter. Phillips Wealth Planners LLC raised its stake in Amazon.com by 9.2% during the first quarter. Phillips Wealth Planners LLC now owns 2,655 shares of the e-commerce giant’s stock worth $487,000 after acquiring an additional 224 shares in the last quarter. Bayesian Capital Management LP acquired a new position in Amazon.com during the fourth quarter worth $5,926,000. Summa Corp. acquired a new position in Amazon.com during the fourth quarter worth $1,506,000. Finally, Concord Investment Counsel Inc. acquired a new position in Amazon.com during the first quarter worth $20,790,000. 72.20% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Several research analysts have issued reports on AMZN shares. Needham & Company LLC reiterated a “buy” rating and set a $210.00 price objective on shares of Amazon.com in a research note on Thursday, September 12th. BMO Capital Markets restated an “outperform” rating and set a $230.00 target price on shares of Amazon.com in a report on Thursday, September 19th. TD Securities increased their target price on Amazon.com from $225.00 to $245.00 in a report on Wednesday, July 10th. Wells Fargo & Company decreased their target price on Amazon.com from $232.00 to $225.00 and set an “overweight” rating on the stock in a report on Monday, August 26th. Finally, JMP Securities increased their target price on Amazon.com from $245.00 to $265.00 and gave the stock a “market outperform” rating in a report on Tuesday, September 3rd. One equities research analyst has rated the stock with a hold rating, forty-one have assigned a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat, Amazon.com currently has a consensus rating of “Buy” and a consensus target price of $222.84.

Insider Buying and Selling at Amazon.com

In other Amazon.com news, SVP David Zapolsky sold 2,190 shares of the firm’s stock in a transaction that occurred on Tuesday, September 24th. The stock was sold at an average price of $195.00, for a total value of $427,050.00. Following the completion of the transaction, the senior vice president now directly owns 62,420 shares in the company, valued at $12,171,900. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. In other Amazon.com news, SVP David Zapolsky sold 2,190 shares of Amazon.com stock in a transaction on Tuesday, September 24th. The stock was sold at an average price of $195.00, for a total value of $427,050.00. Following the completion of the transaction, the senior vice president now directly owns 62,420 shares of the company’s stock, valued at approximately $12,171,900. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, VP Shelley Reynolds sold 3,791 shares of the business’s stock in a transaction on Wednesday, August 21st. The stock was sold at an average price of $181.04, for a total value of $686,322.64. Following the transaction, the vice president now directly owns 121,461 shares of the company’s stock, valued at approximately $21,989,299.44. The disclosure for this sale can be found here. Insiders sold a total of 6,101,797 shares of company stock worth $1,220,129,922 over the last ninety days. 10.80% of the stock is currently owned by corporate insiders.

Amazon.com Stock Down 1.7 %

AMZN stock opened at $187.97 on Friday. 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 business has a 50 day moving average price of $178.83 and a two-hundred day moving average price of $182.48. The company has a market cap of $1.97 trillion, a price-to-earnings ratio of 52.65, a P/E/G ratio of 1.46 and a beta of 1.14. Amazon.com, Inc. has a twelve month low of $118.35 and a twelve month 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 earnings per share for the quarter, beating analysts’ consensus estimates of $1.05 by $0.18. The firm 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%. Analysts anticipate that Amazon.com, Inc. will post 4.86 EPS for the current fiscal year.

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.