Amazon.com, Inc. (NASDAQ:AMZN) Shares Acquired by Mitchell Mcleod Pugh & Williams Inc.

Mitchell Mcleod Pugh & Williams Inc. raised its holdings in Amazon.com, Inc. (NASDAQ:AMZN) by 1.2% during the second quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 34,998 shares of the e-commerce giant’s stock after buying an additional 401 shares during the quarter. Amazon.com accounts for about 1.5% of Mitchell Mcleod Pugh & Williams Inc.’s investment portfolio, making the stock its 9th largest position. Mitchell Mcleod Pugh & Williams Inc.’s holdings in Amazon.com were worth $6,763,000 at the end of the most recent quarter.

Several other institutional investors also recently added to or reduced their stakes in the business. Claro Advisors LLC grew its position in Amazon.com by 6.7% in the 2nd quarter. Claro Advisors LLC now owns 67,972 shares of the e-commerce giant’s stock worth $13,136,000 after purchasing an additional 4,281 shares during the last quarter. Summit Financial LLC lifted its stake in shares of Amazon.com by 30.3% in the second quarter. Summit Financial LLC now owns 214,957 shares of the e-commerce giant’s stock valued at $41,540,000 after buying an additional 50,014 shares during the period. Berry Wealth Group LP lifted its stake in shares of Amazon.com by 1.4% in the second quarter. Berry Wealth Group LP now owns 6,163 shares of the e-commerce giant’s stock valued at $1,191,000 after buying an additional 88 shares during the period. Gouws Capital LLC grew its position in Amazon.com by 1.4% during the second quarter. Gouws Capital LLC now owns 40,241 shares of the e-commerce giant’s stock worth $7,777,000 after buying an additional 570 shares in the last quarter. Finally, Interchange Capital Partners LLC increased its stake in Amazon.com by 86.1% during the second quarter. Interchange Capital Partners LLC now owns 24,050 shares of the e-commerce giant’s stock valued at $4,648,000 after acquiring an additional 11,124 shares during the period. 72.20% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

A number of analysts have commented on the company. Rosenblatt Securities raised their price objective on Amazon.com from $220.00 to $221.00 and gave the stock a “buy” rating in a research report on Friday, August 2nd. Truist Financial raised their target price on Amazon.com from $220.00 to $230.00 and gave the stock a “buy” rating in a research report on Monday, July 22nd. Bank of America lowered their price target on shares of Amazon.com from $220.00 to $210.00 and set a “buy” rating on the stock in a report on Friday, August 2nd. Roth Mkm raised their price objective on shares of Amazon.com from $210.00 to $215.00 and gave the stock a “buy” rating in a report on Friday, August 2nd. Finally, Morgan Stanley lowered their target price on shares of Amazon.com from $240.00 to $210.00 and set an “overweight” rating on the stock in a research note on Tuesday, August 6th. 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, Amazon.com currently has a consensus rating of “Buy” and an average price target of $222.84.

Amazon.com Price Performance

AMZN opened at $187.97 on Friday. The company has a fifty day moving average price of $178.92 and a two-hundred day moving average price of $182.64. The firm has a market capitalization of $1.97 trillion, a PE ratio of 52.65, a P/E/G ratio of 1.46 and a beta of 1.14. Amazon.com, Inc. has a 52 week low of $118.35 and a 52 week high of $201.20. The company has a debt-to-equity ratio of 0.23, a quick ratio of 0.88 and a current ratio of 1.10.

Amazon.com (NASDAQ:AMZN) last announced its quarterly earnings data 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. 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, analysts anticipate that Amazon.com, Inc. will post 4.86 earnings per share for the current year.

Insider Activity

In related news, CEO Andrew R. Jassy sold 20,784 shares of Amazon.com stock in a transaction that occurred on 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 transaction, the chief executive officer now owns 2,056,534 shares of the company’s stock, valued at approximately $371,759,651.18. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. In other news, SVP David Zapolsky sold 2,190 shares of the business’s stock in a transaction 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 completion of the transaction, the senior vice president now owns 62,420 shares of the company’s stock, valued at approximately $12,171,900. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, CEO Andrew R. Jassy sold 20,784 shares of the firm’s stock in a transaction on Wednesday, August 21st. The stock was sold at an average price of $180.77, for a total value of $3,757,123.68. Following the sale, the chief executive officer now directly owns 2,056,534 shares in the company, valued at approximately $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 valued at $1,220,129,922 in the last ninety days. 10.80% of the stock is owned by insiders.

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.