Stevard LLC Purchases 2,340 Shares of Amazon.com, Inc. (NASDAQ:AMZN)

Stevard LLC grew its holdings in shares of Amazon.com, Inc. (NASDAQ:AMZN) by 20.6% in the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 13,679 shares of the e-commerce giant’s stock after acquiring an additional 2,340 shares during the period. Amazon.com accounts for approximately 2.3% of Stevard LLC’s investment portfolio, making the stock its 10th biggest holding. Stevard LLC’s holdings in Amazon.com were worth $2,643,000 at the end of the most recent quarter.

Several other hedge funds have also recently made changes to their positions in AMZN. Cooksen Wealth LLC bought a new stake in Amazon.com in the fourth quarter valued at $30,000. PayPay Securities Corp increased its position in Amazon.com by 64.6% in the 2nd quarter. PayPay Securities Corp now owns 163 shares of the e-commerce giant’s stock valued at $32,000 after buying an additional 64 shares in the last quarter. Christopher J. Hasenberg Inc raised its stake in Amazon.com by 650.0% during the 2nd quarter. Christopher J. Hasenberg Inc now owns 300 shares of the e-commerce giant’s stock worth $58,000 after buying an additional 260 shares during the period. Steph & Co. bought a new position in Amazon.com in the first quarter worth approximately $65,000. Finally, Koesten Hirschmann & Crabtree INC. acquired a new stake in Amazon.com in the first quarter valued at approximately $69,000. 72.20% of the stock is owned by institutional investors.

Analysts Set New Price Targets

A number of brokerages recently issued reports on AMZN. DA Davidson reiterated a “buy” rating and issued a $235.00 target price on shares of Amazon.com in a report on Thursday, October 10th. Rosenblatt Securities raised their price objective on shares of Amazon.com from $220.00 to $221.00 and gave the company a “buy” rating in a research note on Friday, August 2nd. Bank of America reduced their price objective on shares of Amazon.com from $220.00 to $210.00 and set a “buy” rating for the company in a report on Friday, August 2nd. Evercore ISI restated an “outperform” rating and issued a $240.00 target price on shares of Amazon.com in a report on Friday, October 11th. Finally, Wedbush reiterated an “outperform” rating and set a $225.00 price target on shares of Amazon.com in a research note on Friday, August 2nd. Two investment analysts have rated the stock with a hold rating, forty-two have assigned a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat, Amazon.com presently has an average rating of “Moderate Buy” and an average target price of $224.00.

Insider Buying and Selling

In other Amazon.com news, SVP David Zapolsky sold 2,190 shares of the company’s stock in a transaction that occurred on Tuesday, September 24th. The stock was sold at an average price of $195.00, for a total value of $427,050.00. Following the transaction, the senior vice president now directly owns 62,420 shares of the company’s stock, valued at $12,171,900. This represents a 0.00 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. In related news, CFO Brian T. Olsavsky sold 14,600 shares of the firm’s stock in a transaction dated 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 completion of the transaction, the chief financial officer now owns 49,000 shares of the company’s stock, valued at $8,820,000. This trade represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Also, SVP David Zapolsky sold 2,190 shares of the company’s stock in a transaction on Tuesday, September 24th. The shares were sold at an average price of $195.00, for a total value of $427,050.00. Following the completion of the transaction, the senior vice president now directly owns 62,420 shares in the company, valued at $12,171,900. This represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 54,355 shares of company stock valued at $9,877,423. Corporate insiders own 10.80% of the company’s stock.

Amazon.com Price Performance

Amazon.com stock opened at $187.69 on Wednesday. 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 firm has a market capitalization of $1.95 trillion, a PE ratio of 52.57, a P/E/G ratio of 1.38 and a beta of 1.14. The firm’s 50-day simple moving average is $180.63 and its 200 day simple moving average is $183.30. Amazon.com, Inc. has a 52 week low of $118.35 and a 52 week high of $201.20.

Amazon.com (NASDAQ:AMZN) last issued its quarterly earnings results on Thursday, August 1st. The e-commerce giant reported $1.23 earnings per share for the quarter, topping 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 company had revenue of $147.98 billion for the quarter, compared to analyst estimates of $148.63 billion. On average, equities research analysts predict that Amazon.com, Inc. will post 4.85 EPS 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.