Amazon.com, Inc. (NASDAQ:AMZN) Shares Acquired by Old Port Advisors

Old Port Advisors boosted its holdings in shares of Amazon.com, Inc. (NASDAQ:AMZN) by 5.0% in the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 7,855 shares of the e-commerce giant’s stock after purchasing an additional 371 shares during the period. Old Port Advisors’ holdings in Amazon.com were worth $1,518,000 at the end of the most recent quarter.

A number of other hedge funds have also modified their holdings of AMZN. Allen Capital Group LLC raised its holdings in shares of Amazon.com by 6.6% in the 4th quarter. Allen Capital Group LLC now owns 28,181 shares of the e-commerce giant’s stock worth $4,282,000 after buying an additional 1,740 shares in the last quarter. Diversified Portfolios Inc. increased its position in shares of Amazon.com by 5.1% during the 4th quarter. Diversified Portfolios Inc. now owns 7,915 shares of the e-commerce giant’s stock worth $1,203,000 after purchasing an additional 381 shares in the last quarter. Avior Wealth Management LLC lifted its holdings in Amazon.com by 3.1% during the 4th quarter. Avior Wealth Management LLC now owns 73,967 shares of the e-commerce giant’s stock valued at $11,239,000 after purchasing an additional 2,200 shares during the last quarter. Financial Strategies Group Inc. boosted its position in Amazon.com by 12.4% in the fourth quarter. Financial Strategies Group Inc. now owns 37,337 shares of the e-commerce giant’s stock valued at $5,857,000 after buying an additional 4,114 shares in the last quarter. Finally, Tyche Wealth Partners LLC bought a new stake in Amazon.com during the fourth quarter worth about $8,358,000. 72.20% of the stock is currently owned by institutional investors and hedge funds.

Amazon.com Price Performance

NASDAQ:AMZN opened at $176.25 on Wednesday. The business’s 50-day moving average is $182.34 and its 200 day moving average is $181.26. 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 capitalization of $1.83 trillion, a P/E ratio of 49.37, a P/E/G ratio of 1.34 and a beta of 1.15. Amazon.com, Inc. has a 12 month low of $118.35 and a 12 month high of $201.20.

Amazon.com (NASDAQ:AMZN) last posted its quarterly earnings results on Thursday, August 1st. The e-commerce giant reported $1.23 earnings per share for the quarter, beating the consensus estimate 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 net margin of 7.35% and a return on equity of 21.39%. On average, equities research analysts forecast that Amazon.com, Inc. will post 4.86 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

A number of research analysts recently issued reports on the company. Wells Fargo & Company cut their price target on Amazon.com from $232.00 to $225.00 and set an “overweight” rating for the company in a report on Monday, August 26th. Wolfe Research assumed coverage on shares of Amazon.com in a research report on Tuesday, July 16th. They set an “outperform” rating and a $250.00 target price on the stock. Wedbush reissued an “outperform” rating and set a $225.00 price target on shares of Amazon.com in a research note on Friday, August 2nd. JPMorgan Chase & Co. dropped their price objective on shares of Amazon.com from $240.00 to $230.00 and set an “overweight” rating for the company in a research report on Friday, August 2nd. Finally, Sanford C. Bernstein boosted their target price on Amazon.com from $210.00 to $215.00 and gave the stock an “outperform” rating in a research report on Monday, July 22nd. One research analyst has rated the stock with a hold rating, forty have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. According to MarketBeat, the stock has an average rating of “Buy” and an average target price of $222.31.

Insider Transactions at Amazon.com

In other Amazon.com news, CEO Douglas J. Herrington sold 3,500 shares of the company’s stock in a transaction dated Monday, July 1st. The shares were sold at an average price of $195.99, for a total value of $685,965.00. Following the completion of the transaction, the chief executive officer now owns 519,753 shares in the company, valued at $101,866,390.47. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. 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 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 directly 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 the SEC website. Also, CEO Douglas J. Herrington sold 3,500 shares of Amazon.com stock in a transaction that occurred on Monday, July 1st. The stock was sold at an average price of $195.99, for a total value of $685,965.00. Following the transaction, the chief executive officer now owns 519,753 shares in the company, valued at approximately $101,866,390.47. The disclosure for this sale can be found here. Insiders sold a total of 6,104,317 shares of company stock worth $1,220,621,322 over the last three months. 10.80% of the stock is currently owned by insiders.

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.