Amazon.com, Inc. (NASDAQ:AMZN) Shares Bought by Hurlow Wealth Management Group Inc.

Hurlow Wealth Management Group Inc. boosted its stake in shares of Amazon.com, Inc. (NASDAQ:AMZN) by 2,047.5% during the second quarter, HoldingsChannel.com reports. The institutional investor owned 2,620 shares of the e-commerce giant’s stock after purchasing an additional 2,498 shares during the quarter. Hurlow Wealth Management Group Inc.’s holdings in Amazon.com were worth $278,000 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Gibson Wealth Advisors LLC acquired a new position in Amazon.com during the fourth quarter worth $33,000. MBM Wealth Consultants LLC boosted its stake in Amazon.com by 57.1% during the fourth quarter. MBM Wealth Consultants LLC now owns 11 shares of the e-commerce giant’s stock worth $37,000 after buying an additional 4 shares during the last quarter. William Allan LLC acquired a new position in Amazon.com during the fourth quarter worth $47,000. Cardinal Capital Management Inc. acquired a new position in Amazon.com during the first quarter worth $49,000. Finally, Security Financial Services INC. acquired a new position in Amazon.com during the fourth quarter worth $57,000. Institutional investors and hedge funds own 57.15% of the company’s stock.

Analyst Upgrades and Downgrades

A number of research firms have commented on AMZN. JMP Securities lifted their target price on Amazon.com from $172.50 to $180.00 and gave the company a “market outperform” rating in a research report on Friday, July 29th. Loop Capital reduced their target price on Amazon.com from $187.50 to $141.25 and set a “buy” rating on the stock in a research report on Friday, May 27th. Credit Suisse Group reduced their target price on Amazon.com from $185.00 to $170.00 and set an “outperform” rating on the stock in a research report on Tuesday, July 26th. Deutsche Bank Aktiengesellschaft reduced their target price on Amazon.com from $174.00 to $155.00 in a research report on Thursday, July 21st. Finally, Piper Sandler lifted their target price on Amazon.com from $170.00 to $175.00 and gave the company an “overweight” rating in a research report on Friday, July 29th. Two equities research analysts have rated the stock with a sell rating, two have assigned a hold rating and thirty-six have given a buy rating to the stock. Based on data from MarketBeat, Amazon.com has a consensus rating of “Moderate Buy” and an average target price of $176.61.

Amazon.com Trading Down 2.0 %

NASDAQ:AMZN opened at $122.19 on Wednesday. The stock has a 50-day simple moving average of $129.77 and a 200-day simple moving average of $130.45. The stock has a market cap of $1.24 trillion, a P/E ratio of 109.54, a P/E/G ratio of 5.51 and a beta of 1.33. Amazon.com, Inc. has a 1 year low of $101.26 and a 1 year high of $188.11. The company has a debt-to-equity ratio of 0.44, a quick ratio of 0.68 and a current ratio of 0.95.

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

Insider Transactions at Amazon.com

In other news, VP Shelley Reynolds sold 3,480 shares of the company’s stock in a transaction dated Monday, August 22nd. The stock was sold at an average price of $134.23, for a total transaction of $467,120.40. Following the completion of the transaction, the vice president now directly owns 119,780 shares of the company’s stock, valued at approximately $16,078,069.40. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. In related news, CEO Adam Selipsky sold 520 shares of the company’s stock in a transaction dated Wednesday, September 14th. The stock was sold at an average price of $127.43, for a total value of $66,263.60. Following the completion of the sale, the chief executive officer now directly owns 115,680 shares of the company’s stock, valued at approximately $14,741,102.40. The sale was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, VP Shelley Reynolds sold 3,480 shares of the company’s stock in a transaction dated Monday, August 22nd. The shares were 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 of the company’s stock, valued at $16,078,069.40. The disclosure for this sale can be found here. In the last ninety days, insiders sold 70,628 shares of company stock valued at $9,802,599. 12.70% of the stock is currently owned by corporate insiders.

About Amazon.com

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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.

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

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