Dougherty Wealth Advisers LLC Purchases 95 Shares of Amazon.com, Inc. (NASDAQ:AMZN)

Dougherty Wealth Advisers LLC increased its position in shares of Amazon.com, Inc. (NASDAQ:AMZN) by 4.4% in the second quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 2,255 shares of the e-commerce giant’s stock after buying an additional 95 shares during the period. Amazon.com accounts for 0.4% of Dougherty Wealth Advisers LLC’s holdings, making the stock its 22nd biggest holding. Dougherty Wealth Advisers LLC’s holdings in Amazon.com were worth $436,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also bought and sold shares of the company. Vanguard Group Inc. grew its stake in Amazon.com by 1.9% during the first quarter. Vanguard Group Inc. now owns 785,811,114 shares of the e-commerce giant’s stock worth $141,744,609,000 after purchasing an additional 14,724,687 shares during the period. Norges Bank bought a new position in shares of Amazon.com during the 4th quarter worth approximately $17,700,551,000. Capital Research Global Investors grew its position in shares of Amazon.com by 8.5% during the 1st quarter. Capital Research Global Investors now owns 86,982,857 shares of the e-commerce giant’s stock worth $15,689,968,000 after buying an additional 6,810,145 shares during the period. Jennison Associates LLC increased its stake in shares of Amazon.com by 0.5% in the 1st quarter. Jennison Associates LLC now owns 56,666,183 shares of the e-commerce giant’s stock valued at $10,221,446,000 after acquiring an additional 295,132 shares in the last quarter. Finally, Charles Schwab Investment Management Inc. lifted its position in shares of Amazon.com by 3.0% during the 4th quarter. Charles Schwab Investment Management Inc. now owns 51,920,953 shares of the e-commerce giant’s stock valued at $7,888,870,000 after acquiring an additional 1,525,922 shares during the period. Institutional investors and hedge funds own 72.20% of the company’s stock.

Wall Street Analysts Forecast Growth

Several brokerages have recently commented on AMZN. Jefferies Financial Group reduced their target price on Amazon.com from $235.00 to $225.00 and set a “buy” rating for the company in a research note on Friday, August 2nd. Sanford C. Bernstein raised their price objective on Amazon.com from $210.00 to $215.00 and gave the company an “outperform” rating in a research note on Monday, July 22nd. Mizuho upped their target price on Amazon.com from $230.00 to $240.00 and gave the stock a “buy” rating in a research report on Wednesday, May 1st. Wedbush reissued an “outperform” rating and issued a $225.00 price target on shares of Amazon.com in a research report on Friday, August 2nd. Finally, Oppenheimer upped their price objective on shares of Amazon.com from $210.00 to $220.00 and gave the stock an “outperform” rating in a report on Wednesday, May 1st. One analyst has rated the stock with a hold rating, forty have given a buy rating and one has issued a strong buy rating to the company. According to MarketBeat.com, the company currently has an average rating of “Buy” and an average price target of $221.69.

Insider Transactions at Amazon.com

In other news, SVP David Zapolsky sold 4,710 shares of the company’s stock in a transaction dated Thursday, June 27th. The stock was sold at an average price of $195.00, for a total value of $918,450.00. Following the completion of the transaction, the senior vice president now directly owns 59,500 shares in the company, valued at approximately $11,602,500. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. In other news, SVP David Zapolsky sold 4,710 shares of the company’s stock in a transaction dated Thursday, June 27th. The stock was sold at an average price of $195.00, for a total value of $918,450.00. Following the completion of the transaction, the senior vice president now directly owns 59,500 shares in the company, valued at approximately $11,602,500. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, insider Jeffrey P. Bezos sold 1,463,437 shares of the company’s stock in a transaction dated Tuesday, July 2nd. The stock was sold at an average price of $200.08, for a total value of $292,804,474.96. Following the completion of the transaction, the insider now owns 935,211,842 shares of the company’s stock, valued at $187,117,185,347.36. The disclosure for this sale can be found here. In the last three months, insiders sold 6,059,152 shares of company stock worth $1,212,453,840. 10.80% of the stock is currently owned by corporate insiders.

Amazon.com Price Performance

AMZN opened at $180.11 on Thursday. The stock has a 50-day moving average price of $184.07 and a 200-day moving average price of $180.88. Amazon.com, Inc. has a 12-month low of $118.35 and a 12-month high of $201.20. The company has a current ratio of 1.07, a quick ratio of 0.87 and a debt-to-equity ratio of 0.27. The stock has a market capitalization of $1.87 trillion, a P/E ratio of 50.45, a PEG ratio of 1.32 and a beta of 1.15.

Amazon.com Company 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.