Equita Financial Network Inc. Grows Stake in Amazon.com, Inc. (NASDAQ:AMZN)

Equita Financial Network Inc. increased its holdings in shares of Amazon.com, Inc. (NASDAQ:AMZN) by 6.1% during the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 1,879 shares of the e-commerce giant’s stock after purchasing an additional 108 shares during the quarter. Equita Financial Network Inc.’s holdings in Amazon.com were worth $363,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors also recently bought and sold shares of the company. Summa Corp. bought a new stake in Amazon.com during the 4th quarter valued at approximately $1,506,000. Advantage Trust Co acquired a new position in shares of Amazon.com in the fourth quarter valued at about $68,000. Arcadia Investment Management Corp MI boosted its stake in shares of Amazon.com by 12.9% in the fourth quarter. Arcadia Investment Management Corp MI now owns 67,291 shares of the e-commerce giant’s stock worth $10,224,000 after buying an additional 7,676 shares during the last quarter. Vestor Capital LLC boosted its stake in shares of Amazon.com by 12.8% in the fourth quarter. Vestor Capital LLC now owns 291,414 shares of the e-commerce giant’s stock worth $44,277,000 after buying an additional 33,165 shares during the last quarter. Finally, Ethos Financial Group LLC boosted its position in Amazon.com by 7.7% during the fourth quarter. Ethos Financial Group LLC now owns 23,596 shares of the e-commerce giant’s stock worth $3,586,000 after purchasing an additional 1,687 shares in the last quarter. Institutional investors own 72.20% of the company’s stock.

Insider Buying and Selling at Amazon.com

In related news, CEO Andrew R. Jassy sold 20,784 shares of the firm’s stock in a transaction that occurred 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 transaction, the chief executive officer now owns 2,056,534 shares in the company, valued at $371,759,651.18. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. In other Amazon.com news, CEO Andrew R. Jassy sold 20,784 shares of Amazon.com stock in a transaction that occurred on Wednesday, August 21st. The shares were sold at an average price of $180.77, for a total value of $3,757,123.68. Following the transaction, the chief executive officer now owns 2,056,534 shares in the company, valued at $371,759,651.18. The transaction was disclosed in a document filed with the SEC, which is available at this link. Also, CEO Douglas J. Herrington sold 3,500 shares of the firm’s 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 completion of the transaction, the chief executive officer now directly owns 519,753 shares of the company’s stock, valued at approximately $101,866,390.47. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 6,101,797 shares of company stock worth $1,220,129,922. 10.80% of the stock is owned by company insiders.

Analyst Ratings Changes

Several equities analysts have recently weighed in on AMZN shares. Barclays raised their target price on Amazon.com from $220.00 to $235.00 and gave the company an “overweight” rating in a research report on Friday, August 2nd. Truist Financial lifted their price target on Amazon.com from $220.00 to $230.00 and gave the stock a “buy” rating in a report on Monday, July 22nd. UBS Group lifted their target price on Amazon.com from $217.00 to $224.00 and gave the stock a “buy” rating in a research report on Tuesday, July 30th. Bank of America cut their target price on Amazon.com from $220.00 to $210.00 and set a “buy” rating on the stock in a research report on Friday, August 2nd. Finally, TD Cowen boosted their price target on Amazon.com from $225.00 to $245.00 and gave the company a “buy” rating in a research report on Wednesday, July 10th. One research analyst has rated the stock with a hold rating, forty-one have issued a buy rating and one has assigned a strong buy rating to the company’s stock. According to data from MarketBeat.com, Amazon.com presently has a consensus rating of “Buy” and an average target price of $222.84.

Amazon.com Stock Performance

NASDAQ:AMZN opened at $187.97 on Friday. 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 moving average of $178.83 and a two-hundred day moving average of $182.48. The stock has a market cap of $1.97 trillion, a P/E ratio of 52.65, a PEG ratio of 1.46 and a beta of 1.14. Amazon.com, Inc. has a 1-year low of $118.35 and a 1-year high of $201.20.

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

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.