PDS Planning Inc grew its stake in shares of Amazon.com, Inc. (NASDAQ:AMZN – Free Report) by 7.6% during the second quarter, according to the company in its most recent disclosure with the SEC. The fund owned 37,288 shares of the e-commerce giant’s stock after buying an additional 2,639 shares during the quarter. PDS Planning Inc’s holdings in Amazon.com were worth $4,861,000 as of its most recent SEC filing.
A number of other hedge funds and other institutional investors have also recently modified their holdings of AMZN. Kooman & Associates boosted its position in Amazon.com by 3.2% during the second quarter. Kooman & Associates now owns 3,655 shares of the e-commerce giant’s stock valued at $476,000 after acquiring an additional 112 shares during the last quarter. TB Alternative Assets Ltd. boosted its position in Amazon.com by 1,410.8% during the second quarter. TB Alternative Assets Ltd. now owns 250,800 shares of the e-commerce giant’s stock valued at $32,694,000 after acquiring an additional 234,200 shares during the last quarter. Measured Wealth Private Client Group LLC boosted its position in Amazon.com by 9.8% during the second quarter. Measured Wealth Private Client Group LLC now owns 3,362 shares of the e-commerce giant’s stock valued at $438,000 after acquiring an additional 299 shares during the last quarter. SkyOak Wealth LLC boosted its position in Amazon.com by 8.2% during the second quarter. SkyOak Wealth LLC now owns 30,305 shares of the e-commerce giant’s stock valued at $3,951,000 after acquiring an additional 2,308 shares during the last quarter. Finally, Cassia Capital Partners LLC boosted its position in Amazon.com by 29.4% during the second quarter. Cassia Capital Partners LLC now owns 3,975 shares of the e-commerce giant’s stock valued at $518,000 after acquiring an additional 903 shares during the last quarter. Institutional investors own 57.96% of the company’s stock.
Wall Street Analyst Weigh In
A number of analysts have commented on AMZN shares. Needham & Company LLC reaffirmed a “buy” rating and set a $160.00 price target on shares of Amazon.com in a research report on Thursday, September 28th. Jefferies Financial Group increased their price objective on shares of Amazon.com from $135.00 to $150.00 in a research report on Wednesday, June 21st. Barclays increased their price objective on shares of Amazon.com from $140.00 to $180.00 and gave the stock an “overweight” rating in a research report on Monday, August 7th. Stifel Nicolaus increased their price objective on shares of Amazon.com from $101.00 to $115.00 and gave the stock a “buy” rating in a research report on Friday, August 4th. Finally, Truist Financial increased their price objective on shares of Amazon.com from $144.00 to $176.00 and gave the stock a “buy” rating in a research report on Friday, August 4th. Two investment analysts have rated the stock with a hold rating and forty-nine have given a buy rating to the company. According to MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $161.94.
Insider Buying and Selling at Amazon.com
In other news, CEO Adam Selipsky sold 500 shares of Amazon.com stock in a transaction on Monday, July 24th. The shares were sold at an average price of $129.48, for a total transaction of $64,740.00. Following the completion of the sale, the chief executive officer now directly owns 149,780 shares of the company’s stock, valued at approximately $19,393,514.40. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. In other news, major shareholder Amazon Com Inc sold 1,177,000 shares of Amazon.com stock in a transaction on Wednesday, August 9th. The shares were sold at an average price of $19.50, for a total transaction of $22,951,500.00. Following the completion of the sale, the insider now directly owns 12,741,445 shares of the company’s stock, valued at approximately $248,458,177.50. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CEO Adam Selipsky sold 500 shares of Amazon.com stock in a transaction on Monday, July 24th. The stock was sold at an average price of $129.48, for a total transaction of $64,740.00. Following the sale, the chief executive officer now directly owns 149,780 shares of the company’s stock, valued at $19,393,514.40. The disclosure for this sale can be found here. Insiders sold a total of 1,408,645 shares of company stock valued at $55,207,763 in the last three months. Company insiders own 12.70% of the company’s stock.
Amazon.com Stock Down 1.9 %
Shares of NASDAQ:AMZN opened at $129.79 on Friday. The firm has a fifty day moving average price of $134.44 and a two-hundred day moving average price of $123.80. The company has a debt-to-equity ratio of 0.37, a current ratio of 0.95 and a quick ratio of 0.70. Amazon.com, Inc. has a one year low of $81.43 and a one year high of $145.86. The company has a market cap of $1.34 trillion, a price-to-earnings ratio of 102.20, a PEG ratio of 1.70 and a beta of 1.24.
Amazon.com (NASDAQ:AMZN – Get Free Report) last announced its quarterly earnings results on Thursday, August 3rd. The e-commerce giant reported $0.63 EPS for the quarter, beating the consensus estimate of $0.34 by $0.29. Amazon.com had a net margin of 2.43% and a return on equity of 9.14%. The firm had revenue of $134.38 billion during the quarter, compared to the consensus estimate of $131.54 billion. Analysts anticipate that Amazon.com, Inc. will post 2.23 EPS for the current fiscal year.
Amazon.com Company Profile
Amazon.com, Inc engages in the retail sale of consumer products and subscriptions through online and physical stores in North America and internationally. It operates through three segments: North America, International, and Amazon Web Services (AWS). The company's products offered through its stores include merchandise and content purchased for resale; and products offered by third-party sellers.
See Also
- Five stocks we like better than Amazon.com
- How to Invest in the FAANG Stocks
- What BlackRock’s Earnings Tell You About The Stock Market Tide
- What Does a Gap Up Mean in Stocks? How to Play the Gap
- Sociedad Quimica y Minera de Chile Well Positioned Lithium Stock
- What Are MATANA Stocks?
- SMART Global Holdings Now Positioned for Upside
Receive News & Ratings for Amazon.com Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Amazon.com and related companies with MarketBeat.com's FREE daily email newsletter.
