Highland Financial Advisors LLC Boosts Stake in Amazon.com, Inc. (NASDAQ:AMZN)

Highland Financial Advisors LLC boosted its holdings in shares of Amazon.com, Inc. (NASDAQ:AMZN) by 4.0% during the second quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 4,891 shares of the e-commerce giant’s stock after buying an additional 189 shares during the quarter. Amazon.com accounts for 0.4% of Highland Financial Advisors LLC’s investment portfolio, making the stock its 27th largest position. Highland Financial Advisors LLC’s holdings in Amazon.com were worth $945,000 as of its most recent SEC filing.

Other hedge funds also recently added to or reduced their stakes in the company. Collective Family Office LLC raised its holdings in shares of Amazon.com by 9.7% in the 1st quarter. Collective Family Office LLC now owns 9,278 shares of the e-commerce giant’s stock valued at $1,674,000 after purchasing an additional 819 shares in the last quarter. Members Trust Co grew its position in Amazon.com by 8.9% during the 4th quarter. Members Trust Co now owns 4,157 shares of the e-commerce giant’s stock worth $638,000 after purchasing an additional 341 shares during the last quarter. Phillips Wealth Planners LLC grew its position in Amazon.com by 9.2% during the 1st quarter. Phillips Wealth Planners LLC now owns 2,655 shares of the e-commerce giant’s stock worth $487,000 after purchasing an additional 224 shares during the last quarter. LifePlan Financial LLC purchased a new stake in shares of Amazon.com in the fourth quarter valued at about $1,276,000. Finally, Legacy CG LLC boosted its holdings in shares of Amazon.com by 8.2% in the fourth quarter. Legacy CG LLC now owns 55,645 shares of the e-commerce giant’s stock valued at $8,455,000 after acquiring an additional 4,217 shares in the last quarter. 72.20% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

Several brokerages have recently weighed in on AMZN. Wedbush reaffirmed an “outperform” rating and issued a $225.00 target price on shares of Amazon.com in a report on Friday, August 2nd. UBS Group lifted their target price on shares of Amazon.com from $217.00 to $224.00 and gave the company a “buy” rating in a report on Tuesday, July 30th. Truist Financial lifted their target price on shares of Amazon.com from $220.00 to $230.00 and gave the company a “buy” rating in a report on Monday, July 22nd. TD Cowen lifted their target price on shares of Amazon.com from $225.00 to $245.00 and gave the company a “buy” rating in a report on Wednesday, July 10th. Finally, Needham & Company LLC lifted their target price on shares of Amazon.com from $205.00 to $210.00 and gave the company a “buy” rating in a report on Wednesday, July 17th. One equities research analyst has rated the stock with a hold rating, forty have assigned a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Buy” and a consensus price target of $221.36.

Amazon.com Stock Performance

NASDAQ:AMZN opened at $178.50 on Friday. Amazon.com, Inc. has a 1-year low of $118.35 and a 1-year high of $201.20. The firm has a 50 day simple moving average of $182.68 and a 200-day simple moving average of $180.99. The firm has a market cap of $1.86 trillion, a PE ratio of 50.00, a P/E/G ratio of 1.32 and a beta of 1.15. The company has a debt-to-equity ratio of 0.27, a current ratio of 1.07 and a quick ratio of 0.87.

Amazon.com (NASDAQ:AMZN) last posted its earnings results on Thursday, August 1st. The e-commerce giant reported $1.23 earnings per share for the quarter, beating the consensus estimate of $1.05 by $0.18. Amazon.com had a net margin of 7.35% and a return on equity of 22.35%. The business had revenue of $147.98 billion for the quarter, compared to analyst estimates of $148.63 billion. On average, equities analysts expect that Amazon.com, Inc. will post 4.73 EPS for the current year.

Insider Transactions at Amazon.com

In other Amazon.com news, CEO Douglas J. Herrington sold 3,500 shares of the stock in a transaction that occurred on Monday, June 3rd. The shares were sold at an average price of $177.29, for a total value of $620,515.00. Following the completion of the sale, the chief executive officer now owns 523,253 shares of the company’s stock, valued at $92,767,524.37. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. In other news, CEO Douglas J. Herrington sold 3,500 shares of the firm’s stock in a transaction dated Monday, June 3rd. The stock was sold at an average price of $177.29, for a total transaction of $620,515.00. Following the completion of the sale, the chief executive officer now directly owns 523,253 shares in the company, valued at $92,767,524.37. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, VP Shelley Reynolds sold 3,791 shares of Amazon.com stock in a transaction dated Wednesday, August 21st. The stock was sold at an average price of $181.04, for a total value of $686,322.64. Following the sale, the vice president now directly owns 121,461 shares in the company, valued at $21,989,299.44. The disclosure for this sale can be found here. Insiders sold 6,107,817 shares of company stock valued at $1,221,241,837 over the last quarter. Company insiders own 10.80% of the company’s stock.

Amazon.com 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.