Amazon.com, Inc. (NASDAQ:AMZN) Holdings Lifted by Avaii Wealth Management LLC

Avaii Wealth Management LLC lifted its stake in Amazon.com, Inc. (NASDAQ:AMZN) by 19.8% during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 30,497 shares of the e-commerce giant’s stock after buying an additional 5,043 shares during the period. Amazon.com makes up 3.3% of Avaii Wealth Management LLC’s investment portfolio, making the stock its 7th largest holding. Avaii Wealth Management LLC’s holdings in Amazon.com were worth $5,893,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds have also recently modified their holdings of the stock. Cooksen Wealth LLC acquired a new stake in Amazon.com during the 4th quarter worth $30,000. Christopher J. Hasenberg Inc boosted its stake in Amazon.com by 650.0% during the 2nd quarter. Christopher J. Hasenberg Inc now owns 300 shares of the e-commerce giant’s stock worth $58,000 after purchasing an additional 260 shares during the period. Clarity Asset Management Inc. acquired a new stake in Amazon.com during the 4th quarter worth $46,000. Steph & Co. acquired a new stake in Amazon.com during the 1st quarter worth $65,000. Finally, Koesten Hirschmann & Crabtree INC. acquired a new stake in Amazon.com during the 1st quarter worth $69,000. 72.20% of the stock is owned by hedge funds and other institutional investors.

Amazon.com Stock Performance

Shares of NASDAQ AMZN opened at $187.97 on Friday. The company has a market cap of $1.97 trillion, a PE ratio of 52.65, a price-to-earnings-growth ratio of 1.46 and a beta of 1.14. Amazon.com, Inc. has a 12 month low of $118.35 and a 12 month high of $201.20. The company has a debt-to-equity ratio of 0.23, a current ratio of 1.10 and a quick ratio of 0.88. The company has a 50-day simple moving average of $178.92 and a 200-day simple moving average of $182.64.

Amazon.com (NASDAQ:AMZN) last issued its quarterly earnings results on Thursday, August 1st. The e-commerce giant reported $1.23 EPS for the quarter, topping analysts’ consensus estimates of $1.05 by $0.18. The business had revenue of $147.98 billion during the quarter, compared to the consensus estimate of $148.63 billion. Amazon.com had a net margin of 7.35% and a return on equity of 21.39%. On average, equities analysts anticipate that Amazon.com, Inc. will post 4.86 earnings per share for the current year.

Insider Transactions at Amazon.com

In other news, CEO Andrew R. Jassy sold 20,784 shares of Amazon.com stock in a transaction dated Wednesday, August 21st. The shares were sold at an average price of $180.77, for a total transaction of $3,757,123.68. Following the completion of the sale, the chief executive officer now directly owns 2,056,534 shares in the company, valued at $371,759,651.18. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. In related news, SVP David Zapolsky sold 2,190 shares of the firm’s stock in a transaction that occurred on Tuesday, September 24th. The shares were sold at an average price of $195.00, for a total value of $427,050.00. Following the sale, the senior vice president now directly owns 62,420 shares of the company’s stock, valued at $12,171,900. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, CEO Andrew R. Jassy sold 20,784 shares of the firm’s stock in a transaction that occurred on Wednesday, August 21st. The stock was sold at an average price of $180.77, for a total transaction of $3,757,123.68. Following the completion of the sale, the chief executive officer now directly owns 2,056,534 shares in the company, valued at $371,759,651.18. 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.

Wall Street Analysts Forecast Growth

Several research firms have recently commented on AMZN. Wolfe Research began coverage on shares of Amazon.com in a research note on Tuesday, July 16th. They issued an “outperform” rating and a $250.00 target price for the company. Robert W. Baird raised their target price on shares of Amazon.com from $210.00 to $213.00 and gave the stock an “outperform” rating in a research note on Friday, June 21st. Roth Mkm raised their target price on shares of Amazon.com from $210.00 to $215.00 and gave the stock a “buy” rating in a research note on Friday, August 2nd. Maxim Group raised their target price on shares of Amazon.com from $238.00 to $251.00 and gave the stock a “buy” rating in a research note on Friday, August 2nd. Finally, Wells Fargo & Company reduced their target price on shares of Amazon.com from $232.00 to $225.00 and set an “overweight” rating for the company in a research note on Monday, August 26th. One 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 company’s stock. According to MarketBeat.com, the stock currently has a consensus rating of “Buy” and an average price target of $222.84.

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.