Goldstein Advisors LLC Has $1.72 Million Stock Position in Amazon.com, Inc. (NASDAQ:AMZN)

Goldstein Advisors LLC lifted its stake in Amazon.com, Inc. (NASDAQ:AMZN) by 8.9% during the second quarter, Holdings Channel.com reports. The fund owned 8,905 shares of the e-commerce giant’s stock after buying an additional 728 shares during the period. Goldstein Advisors LLC’s holdings in Amazon.com were worth $1,721,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also modified their holdings of AMZN. GUNN & Co INVESTMENT MANAGEMENT INC. increased its position in shares of Amazon.com by 291.8% in the fourth quarter. GUNN & Co INVESTMENT MANAGEMENT INC. now owns 28,995 shares of the e-commerce giant’s stock valued at $4,406,000 after acquiring an additional 21,595 shares during the last quarter. Milestone Resources Group Ltd grew its holdings in Amazon.com by 13.2% during the fourth quarter. Milestone Resources Group Ltd now owns 893,282 shares of the e-commerce giant’s stock worth $135,725,000 after purchasing an additional 104,058 shares during the period. Morling Financial Advisors LLC grew its holdings in Amazon.com by 2.4% during the fourth quarter. Morling Financial Advisors LLC now owns 6,878 shares of the e-commerce giant’s stock worth $1,045,000 after purchasing an additional 160 shares during the period. Magnolia Capital Advisors LLC bought a new position in Amazon.com during the fourth quarter worth about $3,436,000. Finally, Atria Wealth Solutions Inc. grew its holdings in Amazon.com by 3.0% during the fourth quarter. Atria Wealth Solutions Inc. now owns 696,968 shares of the e-commerce giant’s stock worth $105,897,000 after purchasing an additional 20,488 shares during the period. Institutional investors and hedge funds own 72.20% of the company’s stock.

Amazon.com Stock Up 1.3 %

Shares of AMZN opened at $187.00 on Friday. Amazon.com, Inc. has a one year low of $118.35 and a one year high of $201.20. The company has a market cap of $1.95 trillion, a P/E ratio of 52.38, a P/E/G ratio of 1.29 and a beta of 1.14. The company has a debt-to-equity ratio of 0.23, a current ratio of 1.10 and a quick ratio of 0.88. The firm has a 50 day simple moving average of $179.78 and a two-hundred day simple moving average of $181.48.

Amazon.com (NASDAQ:AMZN) last announced its quarterly earnings results on Thursday, August 1st. The e-commerce giant reported $1.23 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.05 by $0.18. The company had revenue of $147.98 billion during the quarter, compared to the consensus estimate of $148.63 billion. Amazon.com had a net margin of 7.35% and a return on equity of 21.39%. Research analysts forecast that Amazon.com, Inc. will post 4.86 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

A number of equities analysts recently commented on the company. Sanford C. Bernstein lifted their price target on Amazon.com from $210.00 to $215.00 and gave the stock an “outperform” rating in a report on Monday, July 22nd. Jefferies Financial Group reduced their price target on Amazon.com from $235.00 to $225.00 and set a “buy” rating for the company in a report on Friday, August 2nd. Wolfe Research assumed coverage on Amazon.com in a report on Tuesday, July 16th. They set an “outperform” rating and a $250.00 price target for the company. Maxim Group lifted their price target on Amazon.com from $238.00 to $251.00 and gave the stock a “buy” rating in a report on Friday, August 2nd. Finally, Roth Mkm lifted their price target on Amazon.com from $210.00 to $215.00 and gave the stock a “buy” rating in a report on Friday, August 2nd. One equities research analyst has rated the stock with a hold rating, forty have issued a buy rating and two have assigned a strong buy rating to the company. According to data from MarketBeat.com, Amazon.com has a consensus rating of “Buy” and a consensus target price of $222.49.

Insider Transactions at Amazon.com

In related news, SVP David Zapolsky sold 4,710 shares of the stock in a transaction on 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 sale, the senior vice president now directly owns 59,500 shares in the company, valued at $11,602,500. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. In other Amazon.com news, CEO Andrew R. Jassy sold 20,784 shares of the company’s stock in a transaction on Wednesday, August 21st. The shares were sold at an average price of $180.77, for a total transaction of $3,757,123.68. Following the sale, the chief executive officer now owns 2,056,534 shares of the company’s stock, valued at $371,759,651.18. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, SVP David Zapolsky sold 4,710 shares of the company’s stock in a transaction on Thursday, June 27th. The shares were sold at an average price of $195.00, for a total transaction of $918,450.00. Following the sale, the senior vice president now directly owns 59,500 shares in the company, valued at approximately $11,602,500. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 6,104,317 shares of company stock worth $1,220,621,322. Corporate insiders own 10.80% of the company’s stock.

About Amazon.com

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.