Arkfeld Wealth Strategies L.L.C. grew its position in shares of Amazon.com, Inc. (NASDAQ:AMZN – Free Report) by 1.6% in the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 91,384 shares of the e-commerce giant’s stock after acquiring an additional 1,405 shares during the period. Amazon.com comprises 8.7% of Arkfeld Wealth Strategies L.L.C.’s portfolio, making the stock its 2nd largest position. Arkfeld Wealth Strategies L.L.C.’s holdings in Amazon.com were worth $11,953,000 at the end of the most recent quarter.
Several other hedge funds and other institutional investors have also recently modified their holdings of the company. Golden State Equity Partners increased its position in shares of Amazon.com by 162.4% during the second quarter. Golden State Equity Partners now owns 47,315 shares of the e-commerce giant’s stock valued at $6,168,000 after buying an additional 29,281 shares during the period. Next Level Private LLC purchased a new stake in shares of Amazon.com during the second quarter valued at approximately $1,044,000. Mayfair Advisory Group LLC grew its holdings in shares of Amazon.com by 12.0% during the first quarter. Mayfair Advisory Group LLC now owns 4,561 shares of the e-commerce giant’s stock valued at $468,000 after buying an additional 488 shares during the last quarter. Little House Capital LLC grew its holdings in shares of Amazon.com by 6.3% during the first quarter. Little House Capital LLC now owns 37,942 shares of the e-commerce giant’s stock valued at $3,919,000 after buying an additional 2,251 shares during the last quarter. Finally, Institute for Wealth Management LLC. grew its holdings in shares of Amazon.com by 8.7% during the first quarter. Institute for Wealth Management LLC. now owns 90,790 shares of the e-commerce giant’s stock valued at $9,378,000 after buying an additional 7,285 shares during the last quarter. 57.96% of the stock is owned by institutional investors.
Analysts Set New Price Targets
A number of equities research analysts have recently commented on AMZN shares. Tigress Financial increased their price target on shares of Amazon.com from $192.00 to $204.00 in a report on Thursday, July 13th. Rosenblatt Securities upgraded shares of Amazon.com from a “neutral” rating to a “buy” rating and increased their price target for the company from $111.00 to $184.00 in a report on Friday, August 4th. UBS Group cut their price target on shares of Amazon.com from $180.00 to $178.00 and set a “buy” rating on the stock in a report on Tuesday. Roth Mkm increased their price target on shares of Amazon.com from $155.00 to $165.00 and gave the company a “buy” rating in a report on Friday, August 4th. Finally, Mizuho restated a “buy” rating and set a $180.00 price objective on shares of Amazon.com in a research report on Wednesday, September 27th. Two equities research analysts have rated the stock with a hold rating and forty-nine have given a buy rating to the company’s stock. Based on data from MarketBeat, the company presently has an average rating of “Moderate Buy” and an average price target of $164.26.
Amazon.com Stock Performance
AMZN opened at $131.47 on Wednesday. The stock has a market capitalization of $1.36 trillion, a price-to-earnings ratio of 103.52, a PEG ratio of 1.70 and a beta of 1.24. The company has a fifty day moving average of $134.07 and a 200 day moving average of $124.57. Amazon.com, Inc. has a fifty-two week low of $81.43 and a fifty-two week high of $145.86. The company has a debt-to-equity ratio of 0.37, a quick ratio of 0.70 and a current ratio of 0.95.
Amazon.com (NASDAQ:AMZN – Get Free Report) last posted its earnings results on Thursday, August 3rd. The e-commerce giant reported $0.63 earnings per share for the quarter, beating the consensus estimate of $0.34 by $0.29. The company had revenue of $134.38 billion during the quarter, compared to analysts’ expectations of $131.54 billion. Amazon.com had a net margin of 2.43% and a return on equity of 9.14%. As a group, sell-side analysts forecast that Amazon.com, Inc. will post 2.23 earnings per share for the current fiscal year.
Insiders Place Their Bets
In other Amazon.com news, CEO Douglas J. Herrington sold 4,000 shares of Amazon.com stock in a transaction on Tuesday, August 1st. The shares were sold at an average price of $133.55, for a total value of $534,200.00. Following the completion of the transaction, the chief executive officer now directly owns 560,301 shares of the company’s stock, valued at approximately $74,828,198.55. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. In other Amazon.com news, CEO Adam Selipsky sold 500 shares of Amazon.com stock in a transaction on Thursday, October 5th. The shares were sold at an average price of $126.64, for a total value of $63,320.00. Following the completion of the transaction, the chief executive officer now directly owns 105,520 shares of the company’s stock, valued at approximately $13,363,052.80. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, CEO Douglas J. Herrington sold 4,000 shares of Amazon.com stock in a transaction on Tuesday, August 1st. The stock was sold at an average price of $133.55, for a total transaction of $534,200.00. Following the completion of the transaction, the chief executive officer now directly owns 560,301 shares of the company’s stock, valued at $74,828,198.55. The disclosure for this sale can be found here. Insiders sold 1,408,645 shares of company stock valued at $55,207,763 in the last three months. Corporate insiders own 12.30% of the company’s stock.
About Amazon.com
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.
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