Dodds Wealth LLC Has $717,000 Stock Position in Amazon.com, Inc. (NASDAQ:AMZN)

Dodds Wealth LLC increased its stake in shares of Amazon.com, Inc. (NASDAQ:AMZN) by 11.1% in the second quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 3,599 shares of the e-commerce giant’s stock after purchasing an additional 360 shares during the period. Amazon.com makes up approximately 0.3% of Dodds Wealth LLC’s investment portfolio, making the stock its 28th largest holding. Dodds Wealth LLC’s holdings in Amazon.com were worth $717,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also added to or reduced their stakes in the stock. Collective Family Office LLC increased its stake 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 acquiring an additional 819 shares during the last quarter. Phillips Wealth Planners LLC grew its holdings in Amazon.com by 9.2% during the first quarter. Phillips Wealth Planners LLC now owns 2,655 shares of the e-commerce giant’s stock valued at $487,000 after purchasing an additional 224 shares during the period. Bayesian Capital Management LP bought a new stake in Amazon.com in the fourth quarter valued at approximately $5,926,000. Clearstead Trust LLC raised its holdings in Amazon.com by 25.8% in the fourth quarter. Clearstead Trust LLC now owns 65,539 shares of the e-commerce giant’s stock worth $9,958,000 after purchasing an additional 13,454 shares during the period. Finally, Summa Corp. acquired a new stake in Amazon.com in the fourth quarter worth $1,506,000. Institutional investors own 72.20% of the company’s stock.

Amazon.com Stock Performance

AMZN opened at $184.89 on Tuesday. 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, Inc. has a 12-month low of $118.35 and a 12-month high of $201.20. The business has a 50 day moving average of $179.22 and a 200-day moving average of $181.74. The stock has a market cap of $1.92 trillion, a price-to-earnings ratio of 51.79, a PEG ratio of 1.39 and a beta of 1.14.

Amazon.com (NASDAQ:AMZN) last posted its quarterly earnings results on Thursday, August 1st. The e-commerce giant reported $1.23 earnings per share for the quarter, beating analysts’ consensus estimates 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. On average, equities research analysts expect that Amazon.com, Inc. will post 4.86 earnings per share for the current year.

Insider Activity

In related news, CEO Douglas J. Herrington sold 3,500 shares of Amazon.com 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 completion of the sale, the chief executive officer now owns 519,753 shares of the company’s stock, valued at approximately $101,866,390.47. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. In other news, CEO Douglas J. Herrington sold 3,500 shares of the stock in a transaction that occurred on Monday, July 1st. The stock was sold at an average price of $195.99, for a total transaction of $685,965.00. Following the transaction, the chief executive officer now owns 519,753 shares in the company, valued at $101,866,390.47. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Also, VP Shelley Reynolds sold 3,791 shares of the business’s stock in a transaction 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 owns 121,461 shares of the company’s stock, valued at $21,989,299.44. The disclosure for this sale can be found here. Insiders have sold 6,104,317 shares of company stock valued at $1,220,621,322 over the last ninety days. 10.80% of the stock is currently owned by company insiders.

Wall Street Analysts Forecast Growth

A number of analysts recently commented on the stock. Maxim Group upped their price objective on shares of Amazon.com from $238.00 to $251.00 and gave the company a “buy” rating in a research report on Friday, August 2nd. Sanford C. Bernstein increased 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 cut their price objective on Amazon.com from $235.00 to $225.00 and set a “buy” rating on the stock in a report on Friday, August 2nd. Stifel Nicolaus lowered their target price on Amazon.com from $228.00 to $224.00 and set a “buy” rating for the company in a research note on Friday, August 2nd. Finally, Piper Sandler dropped their target price on shares of Amazon.com from $220.00 to $215.00 and set an “overweight” rating on the stock in a report on Friday, August 2nd. One investment analyst has rated the stock with a hold rating, forty have assigned a buy rating and two have issued a strong buy rating to the stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Buy” and an average price target of $222.49.

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.