Rezny Wealth Management Inc. Purchases 686 Shares of Amazon.com, Inc. (NASDAQ:AMZN)

Rezny Wealth Management Inc. raised its position in shares of Amazon.com, Inc. (NASDAQ:AMZN) by 10.0% in the second quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 7,545 shares of the e-commerce giant’s stock after purchasing an additional 686 shares during the quarter. Amazon.com accounts for approximately 0.4% of Rezny Wealth Management Inc.’s holdings, making the stock its 15th biggest position. Rezny Wealth Management Inc.’s holdings in Amazon.com were worth $1,458,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also recently made changes to their positions in AMZN. Herold Advisors Inc. raised its stake in shares of Amazon.com by 1.4% in the second quarter. Herold Advisors Inc. now owns 28,563 shares of the e-commerce giant’s stock worth $5,520,000 after buying an additional 401 shares during the period. Van Lanschot Kempen Investment Management N.V. increased its holdings in Amazon.com by 86.3% in the 2nd quarter. Van Lanschot Kempen Investment Management N.V. now owns 1,518,484 shares of the e-commerce giant’s stock worth $293,447,000 after acquiring an additional 703,275 shares in the last quarter. Flagstone Financial Management bought a new stake in shares of Amazon.com during the 2nd quarter valued at $200,000. Everhart Financial Group Inc. lifted its stake in shares of Amazon.com by 14.5% during the 2nd quarter. Everhart Financial Group Inc. now owns 42,941 shares of the e-commerce giant’s stock valued at $8,279,000 after buying an additional 5,430 shares in the last quarter. Finally, Premier Path Wealth Partners LLC boosted its holdings in Amazon.com by 4.7% in the 2nd quarter. Premier Path Wealth Partners LLC now owns 64,060 shares of the e-commerce giant’s stock worth $12,380,000 after buying an additional 2,854 shares during the period. Hedge funds and other institutional investors own 72.20% of the company’s stock.

Analysts Set New Price Targets

AMZN has been the topic of several recent analyst reports. Piper Sandler decreased their target price on Amazon.com from $220.00 to $215.00 and set an “overweight” rating on the stock in a research note on Friday, August 2nd. The Goldman Sachs Group reduced their price objective on shares of Amazon.com from $250.00 to $230.00 and set a “buy” rating on the stock in a research report on Friday, August 2nd. TD Securities boosted their target price on shares of Amazon.com from $225.00 to $245.00 in a report on Wednesday, July 10th. Royal Bank of Canada reaffirmed an “outperform” rating and set a $215.00 target price on shares of Amazon.com in a research note on Friday, August 2nd. Finally, UBS Group boosted their price target on shares of Amazon.com from $217.00 to $224.00 and gave the stock a “buy” rating in a research note on Tuesday, July 30th. One equities research analyst has rated the stock with a hold rating, forty have assigned a buy rating and two have given a strong buy rating to the stock. According to data from MarketBeat, the stock currently has an average rating of “Buy” and an average target price of $222.49.

Amazon.com Price Performance

Shares of NASDAQ:AMZN opened at $186.49 on Friday. The company has a quick ratio of 0.88, a current ratio of 1.10 and a debt-to-equity ratio of 0.23. The company has a 50-day moving average price of $179.51 and a 200 day moving average price of $181.56. Amazon.com, Inc. has a 52 week low of $118.35 and a 52 week high of $201.20. The company has a market cap of $1.96 trillion, a P/E ratio of 52.24, a PEG ratio of 1.39 and a beta of 1.14.

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

Insider Buying and Selling at Amazon.com

In other Amazon.com news, VP Shelley Reynolds sold 3,791 shares of the company’s stock in a transaction dated Wednesday, August 21st. The shares were sold at an average price of $181.04, for a total value 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 sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. In other Amazon.com news, CEO Douglas J. Herrington sold 3,500 shares of the firm’s stock in a transaction dated Monday, July 1st. The shares were sold at an average price of $195.99, for a total transaction of $685,965.00. Following the sale, the chief executive officer now directly owns 519,753 shares of the company’s stock, valued at approximately $101,866,390.47. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, VP Shelley Reynolds sold 3,791 shares of the stock in a transaction on Wednesday, August 21st. The stock was sold at an average price of $181.04, for a total value of $686,322.64. Following the transaction, 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. Over the last 90 days, insiders have sold 6,104,317 shares of company stock valued at $1,220,621,322. Insiders own 10.80% of the company’s stock.

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.