Blankinship & Foster LLC Boosts Stock Holdings in Amazon.com, Inc. (NASDAQ:AMZN)

Blankinship & Foster LLC lifted its stake in Amazon.com, Inc. (NASDAQ:AMZN) by 63.4% during the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 2,190 shares of the e-commerce giant’s stock after buying an additional 850 shares during the period. Blankinship & Foster LLC’s holdings in Amazon.com were worth $423,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors also recently modified their holdings of AMZN. PayPay Securities Corp raised its holdings in shares of Amazon.com by 64.6% during the second quarter. PayPay Securities Corp now owns 163 shares of the e-commerce giant’s stock valued at $32,000 after acquiring an additional 64 shares in the last quarter. Christopher J. Hasenberg Inc raised its holdings in Amazon.com by 650.0% in 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 in the last quarter. Steph & Co. purchased a new stake in shares of Amazon.com in the 1st quarter worth about $65,000. Koesten Hirschmann & Crabtree INC. bought a new stake in shares of Amazon.com during the 1st quarter valued at about $69,000. Finally, Innealta Capital LLC purchased a new position in shares of Amazon.com during the second quarter valued at about $77,000. Institutional investors own 72.20% of the company’s stock.

Amazon.com Stock Up 0.9 %

AMZN stock opened at $186.38 on Friday. The company has a market cap of $1.94 trillion, a price-to-earnings ratio of 52.21, a P/E/G ratio of 1.38 and a beta of 1.14. 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 business’s 50-day moving average is $183.11 and its two-hundred day moving average is $183.54. 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 data on Thursday, August 1st. The e-commerce giant reported $1.23 earnings per share for the quarter, topping the consensus estimate of $1.05 by $0.18. The firm had revenue of $147.98 billion for the quarter, compared to analysts’ expectations of $148.63 billion. Amazon.com had a net margin of 7.35% and a return on equity of 21.39%. As a group, analysts forecast that Amazon.com, Inc. will post 4.85 earnings per share for the current year.

Insiders Place Their Bets

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 transaction of $427,050.00. Following the completion of the sale, the senior vice president now owns 62,420 shares of the company’s stock, valued at $12,171,900. The trade was a 0.00 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available at this link. In related 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 transaction of $427,050.00. Following the transaction, the senior vice president now directly owns 62,420 shares in the company, valued at approximately $12,171,900. The trade was a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CEO Andrew R. Jassy sold 20,784 shares of the business’s stock in a transaction dated 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 sale, the chief executive officer now directly owns 2,056,534 shares of the company’s stock, valued at $371,759,651.18. This represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 54,355 shares of company stock worth $9,877,423. Company insiders own 10.80% of the company’s stock.

Analysts Set New Price Targets

Several analysts have commented on the stock. Pivotal Research started coverage on shares of Amazon.com in a report on Friday, October 11th. They issued a “buy” rating and a $260.00 price objective for the company. Evercore ISI restated an “outperform” rating and issued a $240.00 target price on shares of Amazon.com in a research note on Friday, October 11th. Scotiabank initiated coverage on Amazon.com in a research report on Friday, October 11th. They set a “sector outperform” rating and a $245.00 price target on the stock. Needham & Company LLC reiterated a “buy” rating and issued a $210.00 price objective on shares of Amazon.com in a report on Thursday. Finally, Maxim Group raised their price objective on Amazon.com from $238.00 to $251.00 and gave the company a “buy” rating in a research report on Friday, August 2nd. Two research analysts have rated the stock with a hold rating, forty-two have assigned a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus target price of $236.78.

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.