Independent Advisor Alliance boosted its position in shares of Amazon.com, Inc. (NASDAQ:AMZN) by 1.6% during the 2nd quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 539,797 shares of the e-commerce giant’s stock after purchasing an additional 8,496 shares during the period. Amazon.com accounts for 3.1% of Independent Advisor Alliance’s investment portfolio, making the stock its 5th biggest holding. Independent Advisor Alliance’s holdings in Amazon.com were worth $70,368,000 at the end of the most recent reporting period.
Several other institutional investors and hedge funds have also modified their holdings of AMZN. Fiduciary Planning LLC lifted its position in Amazon.com by 1.5% in the 1st quarter. Fiduciary Planning LLC now owns 349 shares of the e-commerce giant’s stock valued at $1,138,000 after acquiring an additional 5 shares in the last quarter. HBC Financial Services PLLC lifted its position in Amazon.com by 0.8% in the 1st quarter. HBC Financial Services PLLC now owns 616 shares of the e-commerce giant’s stock valued at $1,717,000 after acquiring an additional 5 shares in the last quarter. Meridian Investment Counsel Inc. lifted its position in Amazon.com by 3.4% in the 1st quarter. Meridian Investment Counsel Inc. now owns 151 shares of the e-commerce giant’s stock valued at $492,000 after acquiring an additional 5 shares in the last quarter. Alterna Wealth Management Inc. lifted its position in Amazon.com by 1.8% in the 1st quarter. Alterna Wealth Management Inc. now owns 289 shares of the e-commerce giant’s stock valued at $942,000 after acquiring an additional 5 shares in the last quarter. Finally, Archetype Wealth Partners lifted its position in Amazon.com by 3.7% in the 1st quarter. Archetype Wealth Partners now owns 169 shares of the e-commerce giant’s stock valued at $552,000 after acquiring an additional 6 shares in the last quarter. 57.96% of the stock is currently owned by hedge funds and other institutional investors.
Analyst Ratings Changes
Several research firms recently commented on AMZN. Wedbush reaffirmed an “outperform” rating and issued a $180.00 price objective on shares of Amazon.com in a research report on Wednesday, October 18th. Argus reiterated a “buy” rating and issued a $165.00 price target on shares of Amazon.com in a research note on Wednesday, September 27th. Mizuho restated a “buy” rating and set a $180.00 price objective on shares of Amazon.com in a research note on Wednesday, September 27th. Susquehanna upped their price target on shares of Amazon.com from $150.00 to $185.00 and gave the company a “positive” rating in a research note on Friday, August 4th. Finally, Robert W. Baird upped their price target on shares of Amazon.com from $150.00 to $155.00 and gave the company an “outperform” rating in a research note on Friday, August 4th. Two equities research analysts have rated the stock with a hold rating and forty-three have issued a buy rating to the company. According to MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $169.00.
Insider Buying and Selling at Amazon.com
In related news, major shareholder Amazon Com Inc sold 1,177,000 shares of Amazon.com stock in a transaction on Wednesday, August 9th. The stock was sold at an average price of $19.50, for a total transaction of $22,951,500.00. Following the completion of the transaction, the insider now directly owns 12,741,445 shares of the company’s stock, valued at $248,458,177.50. The sale was disclosed in a legal filing with the SEC, which is accessible through the SEC website. In other Amazon.com news, CEO Adam Selipsky sold 500 shares of the business’s stock in a transaction dated Wednesday, September 20th. The stock was sold at an average price of $138.48, for a total transaction of $69,240.00. Following the completion of the sale, the chief executive officer now owns 106,520 shares of the company’s stock, valued at $14,750,889.60. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, major shareholder Amazon Com Inc sold 1,177,000 shares of the company’s stock in a transaction dated Wednesday, August 9th. The stock was sold at an average price of $19.50, for a total value 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 disclosure for this sale can be found here. In the last ninety days, insiders have sold 1,404,645 shares of company stock worth $54,674,088. 12.70% of the stock is currently owned by insiders.
Amazon.com Price Performance
Shares of NASDAQ AMZN opened at $133.09 on Wednesday. The company has a debt-to-equity ratio of 0.33, a quick ratio of 0.74 and a current ratio of 0.98. Amazon.com, Inc. has a fifty-two week low of $81.43 and a fifty-two week high of $145.86. The firm has a market capitalization of $1.37 trillion, a PE ratio of 68.96, a price-to-earnings-growth ratio of 1.94 and a beta of 1.24. The stock’s 50-day simple moving average is $132.24 and its 200-day simple moving average is $126.15.
Amazon.com (NASDAQ:AMZN – Get Free Report) last issued its earnings results on Thursday, August 3rd. The e-commerce giant reported $0.63 earnings per share for the quarter, topping the consensus estimate of $0.34 by $0.29. The business had revenue of $134.38 billion for the quarter, compared to analyst estimates of $131.54 billion. Amazon.com had a return on equity of 12.75% and a net margin of 3.62%. As a group, equities research analysts forecast 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.
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