Amazon.com, Inc. (NASDAQ:AMZN) Shares Bought by Benjamin F. Edwards & Company Inc.

Benjamin F. Edwards & Company Inc. grew its stake in Amazon.com, Inc. (NASDAQ:AMZN) by 7.3% during the 2nd quarter, Holdings Channel reports. The fund owned 187,509 shares of the e-commerce giant’s stock after acquiring an additional 12,833 shares during the period. Benjamin F. Edwards & Company Inc.’s holdings in Amazon.com were worth $36,236,000 at the end of the most recent reporting period.

Several other institutional investors have also recently added to or reduced their stakes in the company. Clifford Group LLC boosted its stake in shares of Amazon.com by 16.9% during the 2nd quarter. Clifford Group LLC now owns 12,709 shares of the e-commerce giant’s stock worth $2,456,000 after purchasing an additional 1,835 shares during the last quarter. Trust Investment Advisors grew its stake in Amazon.com by 96.1% in the 2nd quarter. Trust Investment Advisors now owns 2,745 shares of the e-commerce giant’s stock worth $530,000 after acquiring an additional 1,345 shares during the period. Ieq Capital LLC raised its holdings in Amazon.com by 8.1% in the 2nd quarter. Ieq Capital LLC now owns 1,195,430 shares of the e-commerce giant’s stock valued at $231,017,000 after acquiring an additional 89,897 shares during the last quarter. Brighton Jones LLC lifted its stake in shares of Amazon.com by 0.8% during the 2nd quarter. Brighton Jones LLC now owns 4,006,146 shares of the e-commerce giant’s stock worth $774,188,000 after purchasing an additional 32,903 shares during the period. Finally, Intech Investment Management LLC boosted its holdings in shares of Amazon.com by 24.9% during the second quarter. Intech Investment Management LLC now owns 1,354,899 shares of the e-commerce giant’s stock worth $261,834,000 after purchasing an additional 270,431 shares during the last quarter. Institutional investors and hedge funds own 72.20% of the company’s stock.

Insider Transactions at Amazon.com

In other news, SVP David Zapolsky sold 2,190 shares of the stock in a transaction 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 completion of the transaction, the senior vice president now owns 62,420 shares of the company’s stock, valued at approximately $12,171,900. This represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. In other news, CEO Andrew R. Jassy sold 20,784 shares of the company’s stock in a transaction on Wednesday, August 21st. The stock was sold at an average price of $180.77, for a total value of $3,757,123.68. Following the completion of the sale, the chief executive officer now owns 2,056,534 shares in the company, valued at $371,759,651.18. This 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 this link. 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 sale, the senior vice president now owns 62,420 shares of the company’s stock, valued at approximately $12,171,900. This trade represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders sold 54,355 shares of company stock valued at $9,877,423. 10.80% of the stock is currently owned by corporate insiders.

Analyst Upgrades and Downgrades

AMZN has been the subject of several analyst reports. Piper Sandler dropped their target price on Amazon.com from $220.00 to $215.00 and set an “overweight” rating for the company in a research note on Friday, August 2nd. Loop Capital increased their price objective on shares of Amazon.com from $750.00 to $800.00 and gave the stock a “buy” rating in a report on Wednesday. Sanford C. Bernstein boosted their target price on shares of Amazon.com from $210.00 to $215.00 and gave the company an “outperform” rating in a report on Monday, July 22nd. Barclays increased their price target on shares of Amazon.com from $220.00 to $235.00 and gave the stock an “overweight” rating in a research note on Friday, August 2nd. Finally, Royal Bank of Canada reissued an “outperform” rating and set a $215.00 price objective on shares of Amazon.com in a research note on Friday, August 2nd. Two research analysts have rated the stock with a hold rating, forty-two have given a buy rating and one has given a strong buy rating to the company’s stock. According to data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus target price of $236.78.

Amazon.com Price Performance

Shares of AMZN opened at $188.99 on Friday. The company has a market cap of $1.97 trillion, a P/E ratio of 52.94, a PEG ratio of 1.38 and a beta of 1.14. The stock has a fifty day moving average price of $181.98 and a 200 day moving average price of $183.42. The company has a debt-to-equity ratio of 0.23, a current ratio of 1.10 and a quick ratio of 0.88. Amazon.com, Inc. has a 12 month low of $118.35 and a 12 month high of $201.20.

Amazon.com (NASDAQ:AMZN) last issued its quarterly earnings data on Thursday, August 1st. The e-commerce giant reported $1.23 EPS for the quarter, topping analysts’ consensus estimates of $1.05 by $0.18. The firm had revenue of $147.98 billion during the quarter, compared to the consensus estimate of $148.63 billion. Amazon.com had a return on equity of 21.39% and a net margin of 7.35%. On average, research analysts forecast that Amazon.com, Inc. will post 4.85 earnings per share for the current year.

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.