Amazon.com, Inc. (NASDAQ:AMZN) Shares Bought by D.A. Davidson & CO.

D.A. Davidson & CO. lifted its position in shares of Amazon.com, Inc. (NASDAQ:AMZN) by 3.6% in the second quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 639,067 shares of the e-commerce giant’s stock after buying an additional 22,160 shares during the period. Amazon.com makes up about 1.1% of D.A. Davidson & CO.’s holdings, making the stock its 14th biggest holding. D.A. Davidson & CO.’s holdings in Amazon.com were worth $123,500,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Cary Street Partners Investment Advisory LLC grew its position in Amazon.com by 4.2% in the fourth quarter. Cary Street Partners Investment Advisory LLC now owns 181,395 shares of the e-commerce giant’s stock valued at $27,561,000 after acquiring an additional 7,347 shares in the last quarter. Edgemoor Investment Advisors Inc. lifted its holdings in Amazon.com by 1.8% in the 4th quarter. Edgemoor Investment Advisors Inc. now owns 174,454 shares of the e-commerce giant’s stock worth $26,507,000 after buying an additional 3,042 shares in the last quarter. Josh Arnold Investment Consultant LLC boosted its position in Amazon.com by 1.2% in the 4th quarter. Josh Arnold Investment Consultant LLC now owns 119,037 shares of the e-commerce giant’s stock valued at $18,086,000 after buying an additional 1,430 shares during the last quarter. Integrity Financial Corp WA grew its stake in shares of Amazon.com by 3.5% during the fourth quarter. Integrity Financial Corp WA now owns 8,604 shares of the e-commerce giant’s stock valued at $1,307,000 after acquiring an additional 293 shares in the last quarter. Finally, Rooted Wealth Advisors Inc. lifted its stake in shares of Amazon.com by 10.7% in the fourth quarter. Rooted Wealth Advisors Inc. now owns 7,145 shares of the e-commerce giant’s stock worth $1,086,000 after acquiring an additional 693 shares in the last quarter. Institutional investors and hedge funds own 72.20% of the company’s stock.

Amazon.com Price Performance

Shares of NASDAQ:AMZN opened at $187.97 on Monday. The business’s 50 day moving average is $178.92 and its 200-day moving average is $182.68. The company has a current ratio of 1.10, a quick ratio of 0.88 and a debt-to-equity ratio of 0.23. The firm has a market capitalization of $1.96 trillion, a PE 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 posted its 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 net margin of 7.35% and a return on equity of 21.39%. The business had revenue of $147.98 billion for the quarter, compared to analysts’ expectations of $148.63 billion. Sell-side analysts predict that Amazon.com, Inc. will post 4.86 earnings per share for the current year.

Insider Activity at Amazon.com

In other news, CEO Andrew R. Jassy sold 20,784 shares of the company’s stock in a transaction dated 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 sale, the chief executive officer now owns 2,056,534 shares of the company’s stock, valued at approximately $371,759,651.18. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. In other news, CFO Brian T. Olsavsky sold 14,600 shares of the stock in a transaction on Wednesday, August 21st. The stock was sold at an average price of $180.00, for a total transaction of $2,628,000.00. Following the sale, the chief financial officer now owns 49,000 shares in the company, valued at $8,820,000. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, CEO Andrew R. Jassy sold 20,784 shares of the firm’s stock in a transaction dated 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 completion of the sale, the chief executive officer now owns 2,056,534 shares of the company’s stock, valued at approximately $371,759,651.18. The disclosure for this sale can be found here. Insiders have sold a total of 6,098,297 shares of company stock valued at $1,219,443,957 in the last 90 days. 10.80% of the stock is owned by corporate insiders.

Analysts Set New Price Targets

Several equities analysts have recently commented on the company. Barclays increased their target price on Amazon.com from $220.00 to $235.00 and gave the company an “overweight” rating in a research note on Friday, August 2nd. Roth Mkm upped their target price on shares of Amazon.com from $210.00 to $215.00 and gave the company a “buy” rating in a research note on Friday, August 2nd. Truist Financial boosted their price objective on Amazon.com from $220.00 to $230.00 and gave the company a “buy” rating in a report on Monday, July 22nd. Wedbush reiterated an “outperform” rating and issued a $225.00 target price on shares of Amazon.com in a research report on Friday, August 2nd. Finally, Needham & Company LLC restated a “buy” rating and set a $210.00 price objective on shares of Amazon.com in a research note on Thursday, September 12th. One equities research analyst has rated the stock with a hold rating, forty-one have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. Based on data from MarketBeat, the stock has an average rating of “Buy” and an average target price of $222.84.

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.