Commonwealth Financial Services LLC Has $2.08 Million Stock Holdings in Amazon.com, Inc. (NASDAQ:AMZN)

Commonwealth Financial Services LLC boosted its stake in Amazon.com, Inc. (NASDAQ:AMZN) by 2.3% during the 2nd quarter, HoldingsChannel reports. The fund owned 10,458 shares of the e-commerce giant’s stock after acquiring an additional 232 shares during the quarter. Commonwealth Financial Services LLC’s holdings in Amazon.com were worth $2,084,000 as of its most recent SEC filing.

Several other institutional investors have also added to or reduced their stakes in AMZN. Cardano Risk Management B.V. lifted its position in Amazon.com by 4.8% in the 1st quarter. Cardano Risk Management B.V. now owns 1,883,651 shares of the e-commerce giant’s stock valued at $339,773,000 after acquiring an additional 85,511 shares in the last quarter. First Affirmative Financial Network lifted its position in Amazon.com by 6.4% in the 1st quarter. First Affirmative Financial Network now owns 8,581 shares of the e-commerce giant’s stock valued at $1,548,000 after acquiring an additional 518 shares in the last quarter. Ballew Advisors Inc lifted its position in Amazon.com by 1.5% in the 1st quarter. Ballew Advisors Inc now owns 4,248 shares of the e-commerce giant’s stock valued at $790,000 after acquiring an additional 62 shares in the last quarter. Meyer Handelman Co. lifted its position in Amazon.com by 10.9% in the 1st quarter. Meyer Handelman Co. now owns 319,900 shares of the e-commerce giant’s stock valued at $57,761,000 after acquiring an additional 31,489 shares in the last quarter. Finally, CHURCHILL MANAGEMENT Corp lifted its position in Amazon.com by 129.9% in the 1st quarter. CHURCHILL MANAGEMENT Corp now owns 51,875 shares of the e-commerce giant’s stock valued at $9,357,000 after acquiring an additional 29,306 shares in the last quarter. 72.20% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

Several equities research analysts have issued reports on the stock. Morgan Stanley reiterated an “overweight” rating and issued a $210.00 price target on shares of Amazon.com in a research note on Thursday, October 3rd. BMO Capital Markets reiterated an “outperform” rating and issued a $230.00 price target on shares of Amazon.com in a research note on Thursday, September 19th. Piper Sandler lowered their price target on shares of Amazon.com from $220.00 to $215.00 and set an “overweight” rating on the stock in a research note on Friday, August 2nd. Evercore ISI reiterated an “outperform” rating and issued a $240.00 price target on shares of Amazon.com in a research note on Friday, October 11th. Finally, The Goldman Sachs Group lowered their price target on shares of Amazon.com from $250.00 to $230.00 and set a “buy” rating on the stock in a research note on Friday, August 2nd. Two analysts have rated the stock with a hold rating, forty-two have given a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $236.78.

Insider Transactions at Amazon.com

In other news, CEO Andrew R. Jassy sold 20,784 shares of the company’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 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. This represents a 0.00 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. In related news, CEO Andrew R. Jassy sold 20,784 shares of the company’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 completion of the transaction, the chief executive officer now directly owns 2,056,534 shares in the company, valued at $371,759,651.18. This represents a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, CFO Brian T. Olsavsky sold 14,600 shares of the company’s stock in a transaction that occurred 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 transaction, the chief financial officer now owns 49,000 shares of the company’s stock, valued at approximately $8,820,000. This represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last 90 days, insiders sold 54,355 shares of company stock valued at $9,877,423. Company insiders own 10.80% of the company’s stock.

Amazon.com Stock Performance

Shares of Amazon.com stock opened at $189.70 on Wednesday. The company has a 50 day moving average of $182.82 and a 200-day moving average of $183.53. Amazon.com, Inc. has a 1-year low of $118.35 and a 1-year high of $201.20. 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 company has a market cap of $1.97 trillion, a PE ratio of 53.14, a price-to-earnings-growth ratio of 1.38 and a beta of 1.14.

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 net margin of 7.35% and a return on equity of 21.39%. The company had revenue of $147.98 billion during the quarter, compared to the consensus estimate of $148.63 billion. As a group, equities research analysts forecast that Amazon.com, Inc. will post 4.85 earnings per share for the current fiscal year.

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.