Amazon.com, Inc. (NASDAQ:AMZN) Shares Purchased by Eclectic Associates Inc. ADV

Eclectic Associates Inc. ADV increased its holdings in shares of Amazon.com, Inc. (NASDAQ:AMZN) by 1,990.2% during the second quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 4,912 shares of the e-commerce giant’s stock after acquiring an additional 4,677 shares during the period. Eclectic Associates Inc. ADV’s holdings in Amazon.com were worth $522,000 as of its most recent SEC filing.

A number of other institutional investors have also recently modified their holdings of AMZN. Gibson Wealth Advisors LLC acquired a new stake in shares of Amazon.com during the 4th quarter valued at about $33,000. MBM Wealth Consultants LLC lifted its stake 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 buying an additional 4 shares in the last quarter. Swaine & Leidel Wealth Services LLC purchased a new position in Amazon.com in the 1st quarter valued at about $38,000. William Allan LLC purchased a new position in Amazon.com in the 4th quarter valued at about $47,000. Finally, Cardinal Capital Management Inc. purchased a new position in Amazon.com in the 1st quarter valued at about $49,000. 57.15% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

A number of research analysts recently weighed in on AMZN shares. Itaú Unibanco started coverage on shares of Amazon.com in a research note on Tuesday, July 26th. They issued an “outperform” rating and a $146.00 price target on the stock. Cowen raised their price target on shares of Amazon.com from $210.00 to $215.00 and gave the company an “outperform” rating in a research note on Friday, July 29th. Telsey Advisory Group raised their price target on shares of Amazon.com from $145.00 to $150.00 and gave the company an “outperform” rating in a research note on Friday, July 29th. Truist Financial reissued a “buy” rating and issued a $175.00 target price on shares of Amazon.com in a research note on Friday, June 17th. Finally, Cowen decreased their target price on shares of Amazon.com from $215.00 to $210.00 and set an “outperform” rating on the stock in a research note on Thursday, July 14th. Two investment analysts have rated the stock with a sell rating, two have issued a hold rating and thirty-six have assigned a buy rating to the company. According to data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $176.61.

Insiders Place Their Bets

In other Amazon.com news, CEO Adam Selipsky sold 520 shares of the business’s stock in a transaction on Wednesday, September 14th. The shares were sold at an average price of $127.43, for a total value of $66,263.60. Following the completion of the transaction, the chief executive officer now owns 115,680 shares in the company, valued at $14,741,102.40. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. In other news, CEO Andrew R. Jassy sold 23,620 shares of Amazon.com stock in a transaction on Monday, August 15th. The shares were sold at an average price of $142.29, for a total transaction of $3,360,889.80. Following the completion of the sale, the chief executive officer now directly owns 1,892,000 shares of the company’s stock, valued at approximately $269,212,680. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. Also, CEO Adam Selipsky sold 520 shares of Amazon.com stock in a transaction on Wednesday, September 14th. The stock was sold at an average price of $127.43, for a total transaction 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 disclosure for this sale can be found here. Insiders sold a total of 70,628 shares of company stock worth $9,802,599 over the last 90 days. Corporate insiders own 12.70% of the company’s stock.

Amazon.com Stock Performance

NASDAQ:AMZN opened at $122.19 on Wednesday. The company has a fifty day simple moving average of $129.77 and a two-hundred day simple moving average of $130.45. The company has a market cap of $1.24 trillion, a price-to-earnings ratio of 109.54, a price-to-earnings-growth ratio of 5.51 and a beta of 1.33. The company has a quick ratio of 0.68, a current ratio of 0.95 and a debt-to-equity ratio of 0.44. Amazon.com, Inc. has a 52 week low of $101.26 and a 52 week high of $188.11.

Amazon.com (NASDAQ:AMZNGet Rating) last posted its quarterly earnings results 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). The business had revenue of $121.23 billion during 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 business’s revenue was up 7.2% on a year-over-year basis. During the same quarter last year, the firm earned $0.76 EPS. As a group, equities analysts anticipate that Amazon.com, Inc. will post 0.99 earnings per share for the current fiscal year.

Amazon.com Profile

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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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