Taylor & Morgan Wealth Management LLC Increases Stock Position in Amazon.com, Inc. (NASDAQ:AMZN)

Taylor & Morgan Wealth Management LLC raised its position in shares of Amazon.com, Inc. (NASDAQ:AMZNGet Rating) by 2,146.7% in the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 22,759 shares of the e-commerce giant’s stock after buying an additional 21,746 shares during the quarter. Amazon.com comprises approximately 2.3% of Taylor & Morgan Wealth Management LLC’s portfolio, making the stock its 11th biggest position. Taylor & Morgan Wealth Management LLC’s holdings in Amazon.com were worth $2,417,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also added to or reduced their stakes in the company. Lcnb Corp grew its position in Amazon.com by 0.6% in the 4th quarter. Lcnb Corp now owns 624 shares of the e-commerce giant’s stock valued at $2,081,000 after acquiring an additional 4 shares during the last quarter. MBM Wealth Consultants LLC grew its position in Amazon.com by 57.1% in the 4th quarter. MBM Wealth Consultants LLC now owns 11 shares of the e-commerce giant’s stock valued at $37,000 after acquiring an additional 4 shares during the last quarter. Samalin Investment Counsel LLC grew its position in Amazon.com by 1.7% in the 4th quarter. Samalin Investment Counsel LLC now owns 239 shares of the e-commerce giant’s stock valued at $795,000 after acquiring an additional 4 shares during the last quarter. Confluence Investment Management LLC grew its position in Amazon.com by 6.3% in the 1st quarter. Confluence Investment Management LLC now owns 67 shares of the e-commerce giant’s stock valued at $218,000 after acquiring an additional 4 shares during the last quarter. Finally, Stonebridge Capital Management Inc. grew its position in Amazon.com by 0.5% in the 1st quarter. Stonebridge Capital Management Inc. now owns 861 shares of the e-commerce giant’s stock valued at $2,807,000 after acquiring an additional 4 shares during the last quarter. Hedge funds and other institutional investors own 57.15% of the company’s stock.

Insider Buying and Selling at Amazon.com

In other news, CEO Adam Selipsky sold 520 shares of Amazon.com stock in a transaction that occurred on Wednesday, September 14th. The stock was sold at an average price of $127.43, for a total value of $66,263.60. Following the sale, the chief executive officer now directly owns 115,680 shares of the company’s stock, valued at $14,741,102.40. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. In other news, CEO Adam Selipsky sold 520 shares of Amazon.com stock in a transaction that occurred on Wednesday, September 14th. The stock was sold at an average price of $127.43, for a total value of $66,263.60. Following the sale, the chief executive officer now directly owns 115,680 shares of the company’s stock, valued at $14,741,102.40. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, VP Shelley Reynolds sold 3,480 shares of Amazon.com stock in a transaction that occurred on Monday, August 22nd. The stock was sold at an average price of $134.23, for a total value of $467,120.40. Following the completion of the sale, the vice president now directly owns 119,780 shares in the company, valued at $16,078,069.40. The disclosure for this sale can be found here. Over the last three months, insiders have sold 70,628 shares of company stock valued at $9,802,599. Company insiders own 12.70% of the company’s stock.

Analysts Set New Price Targets

A number of research firms have recently issued reports on AMZN. Piper Sandler increased their price target on Amazon.com from $170.00 to $175.00 and gave the stock an “overweight” rating in a research report on Friday, July 29th. Jefferies Financial Group dropped their price target on Amazon.com from $163.00 to $150.00 in a research report on Wednesday, July 20th. DA Davidson reissued a “buy” rating and set a $151.00 price target on shares of Amazon.com in a research report on Friday, August 5th. Tigress Financial reaffirmed a “buy” rating and set a $232.00 price objective on shares of Amazon.com in a research report on Wednesday, June 29th. Finally, StockNews.com raised Amazon.com from a “sell” rating to a “hold” rating in a research report on Monday, August 1st. Two equities research analysts have rated the stock with a sell rating, two have given a hold rating and thirty-six have issued a buy rating to the company’s stock. According to MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $176.61.

Amazon.com Stock Up 0.9 %

Shares of AMZN opened at $124.66 on Tuesday. The company has a current ratio of 0.95, a quick ratio of 0.68 and a debt-to-equity ratio of 0.44. Amazon.com, Inc. has a 12 month low of $101.26 and a 12 month high of $188.11. The stock’s 50 day moving average is $129.52 and its two-hundred day moving average is $130.59. The firm has a market cap of $1.27 trillion, a P/E ratio of 111.75, a PEG ratio of 5.51 and a beta of 1.33.

Amazon.com (NASDAQ:AMZNGet Rating) last issued its quarterly earnings data on Thursday, July 28th. The e-commerce giant reported ($0.20) EPS for the quarter, missing the consensus estimate of $0.15 by ($0.35). Amazon.com had a net margin of 2.39% and a return on equity of 15.79%. The business had revenue of $121.23 billion during the quarter, compared to analyst estimates of $119.16 billion. During the same period in the previous year, the business posted $0.76 earnings per share. The firm’s revenue for the quarter was up 7.2% on a year-over-year basis. Analysts predict that Amazon.com, Inc. will post 0.99 earnings per share for the current fiscal year.

Amazon.com Company Profile

(Get Rating)

Amazon.com, Inc engages in the retail sale of consumer products and subscriptions in North America and internationally. The company operates through three segments: North America, International, and Amazon Web Services (AWS). It sells merchandise and content purchased for resale from third-party sellers through physical and online stores.

Further Reading

Institutional Ownership by Quarter for Amazon.com (NASDAQ:AMZN)

Receive News & Ratings for Amazon.com Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Amazon.com and related companies with MarketBeat.com's FREE daily email newsletter.