Amazon.com, Inc. (NASDAQ:AMZN) Position Boosted by Alaska Wealth Advisors

Alaska Wealth Advisors grew its position in shares of Amazon.com, Inc. (NASDAQ:AMZN) by 6.6% in the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 3,391 shares of the e-commerce giant’s stock after buying an additional 209 shares during the quarter. Alaska Wealth Advisors’ holdings in Amazon.com were worth $655,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors have also made changes to their positions in the company. Oak Harvest Investment Services lifted its holdings in shares of Amazon.com by 8.4% during the 2nd quarter. Oak Harvest Investment Services now owns 27,782 shares of the e-commerce giant’s stock valued at $5,369,000 after buying an additional 2,149 shares during the last quarter. Fifth Third Bancorp lifted its holdings in shares of Amazon.com by 2.5% during the 2nd quarter. Fifth Third Bancorp now owns 3,690,592 shares of the e-commerce giant’s stock valued at $713,207,000 after buying an additional 89,484 shares during the last quarter. Onyx Bridge Wealth Group LLC lifted its holdings in shares of Amazon.com by 2.3% during the 2nd quarter. Onyx Bridge Wealth Group LLC now owns 27,200 shares of the e-commerce giant’s stock valued at $5,256,000 after buying an additional 608 shares during the last quarter. Graybill Wealth Management LTD. lifted its holdings in Amazon.com by 0.6% in the 2nd quarter. Graybill Wealth Management LTD. now owns 29,558 shares of the e-commerce giant’s stock worth $5,712,000 after purchasing an additional 165 shares during the last quarter. Finally, Ayrshire Capital Management LLC boosted its position in Amazon.com by 2.2% during the second quarter. Ayrshire Capital Management LLC now owns 41,896 shares of the e-commerce giant’s stock worth $8,096,000 after purchasing an additional 892 shares during the period. 72.20% of the stock is currently owned by institutional investors and hedge funds.

Insider Transactions at Amazon.com

In other news, VP Shelley Reynolds sold 3,791 shares of the firm’s stock in a transaction dated Wednesday, August 21st. The stock was sold at an average price of $181.04, for a total transaction of $686,322.64. Following the sale, the vice president now owns 121,461 shares of the company’s stock, valued at $21,989,299.44. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website. In related news, SVP David Zapolsky sold 9,490 shares of Amazon.com stock in a transaction that occurred on Wednesday, August 21st. The stock was sold at an average price of $180.88, for a total value of $1,716,551.20. Following the sale, the senior vice president now owns 64,610 shares of the company’s stock, valued at approximately $11,686,656.80. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, VP Shelley Reynolds sold 3,791 shares of Amazon.com stock in a transaction that occurred on Wednesday, August 21st. The shares were sold at an average price of $181.04, for a total value of $686,322.64. Following the completion of the sale, the vice president now directly owns 121,461 shares in the company, valued at approximately $21,989,299.44. The disclosure for this sale can be found here. Insiders have sold a total of 6,104,317 shares of company stock valued at $1,220,621,322 over the last 90 days. 10.80% of the stock is owned by company insiders.

Analysts Set New Price Targets

A number of equities research analysts have issued reports on the company. Rosenblatt Securities upped their target price on Amazon.com from $220.00 to $221.00 and gave the stock a “buy” rating in a research report on Friday, August 2nd. Truist Financial upped their target price on Amazon.com from $220.00 to $230.00 and gave the stock a “buy” rating in a research report on Monday, July 22nd. Itau BBA Securities cut Amazon.com from an “outperform” rating to a “market perform” rating and set a $186.00 target price for the company. in a research report on Friday, August 2nd. Royal Bank of Canada reaffirmed an “outperform” rating and set a $215.00 target price on shares of Amazon.com in a research report on Friday, August 2nd. Finally, JPMorgan Chase & Co. decreased their target price on Amazon.com from $240.00 to $230.00 and set an “overweight” rating for the company in a research report on Friday, August 2nd. One analyst has rated the stock with a hold rating, forty have given a buy rating and two have issued a strong buy rating to the company. Based on data from MarketBeat.com, Amazon.com presently has a consensus rating of “Buy” and a consensus target price of $222.49.

Amazon.com Price Performance

Amazon.com stock opened at $175.40 on Tuesday. The business’s 50-day simple moving average is $180.66 and its 200 day simple moving average is $181.39. The stock has a market cap of $1.84 trillion, a price-to-earnings ratio of 49.13, a P/E/G ratio of 1.29 and a beta of 1.14. Amazon.com, Inc. has a 12-month low of $118.35 and a 12-month high of $201.20. The company has a quick ratio of 0.88, a current ratio of 1.10 and a debt-to-equity ratio of 0.23.

Amazon.com (NASDAQ:AMZN) last posted its quarterly earnings results on Thursday, August 1st. The e-commerce giant reported $1.23 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.05 by $0.18. Amazon.com had a return on equity of 21.39% and a net margin of 7.35%. The business had revenue of $147.98 billion for the quarter, compared to analysts’ expectations of $148.63 billion. As a group, research analysts anticipate that Amazon.com, Inc. will post 4.86 earnings per share for the current year.

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.