Amazon.com, Inc. (NASDAQ:AMZN) Stock Holdings Lifted by Transcend Capital Advisors LLC

Transcend Capital Advisors LLC raised its stake in Amazon.com, Inc. (NASDAQ:AMZN) by 2,023.4% during the second quarter, HoldingsChannel.com reports. The fund owned 119,228 shares of the e-commerce giant’s stock after purchasing an additional 113,613 shares during the quarter. Amazon.com comprises approximately 1.3% of Transcend Capital Advisors LLC’s holdings, making the stock its 7th biggest position. Transcend Capital Advisors LLC’s holdings in Amazon.com were worth $12,663,000 as of its most recent filing with the SEC.

A number of other institutional investors and hedge funds also recently bought and sold shares of AMZN. Chartist Inc. CA increased its holdings in Amazon.com by 10.1% in the 4th quarter. Chartist Inc. CA now owns 317 shares of the e-commerce giant’s stock valued at $1,057,000 after acquiring an additional 29 shares during the last quarter. Fort Point Capital Partners LLC increased its holdings in Amazon.com by 5.1% in the 4th quarter. Fort Point Capital Partners LLC now owns 3,525 shares of the e-commerce giant’s stock valued at $11,754,000 after acquiring an additional 170 shares during the last quarter. Thames Capital Management LLC increased its holdings in Amazon.com by 9.2% in the 4th quarter. Thames Capital Management LLC now owns 4,869 shares of the e-commerce giant’s stock valued at $16,235,000 after acquiring an additional 409 shares during the last quarter. Hilton Capital Management LLC increased its holdings in Amazon.com by 1.3% in the 4th quarter. Hilton Capital Management LLC now owns 4,730 shares of the e-commerce giant’s stock valued at $15,771,000 after acquiring an additional 60 shares during the last quarter. Finally, Alerus Financial NA increased its holdings in Amazon.com by 7.4% in the 4th quarter. Alerus Financial NA now owns 7,053 shares of the e-commerce giant’s stock valued at $23,517,000 after acquiring an additional 485 shares during the last quarter. 57.15% of the stock is currently owned by institutional investors.

Amazon.com Trading Down 1.0 %

NASDAQ AMZN opened at $117.31 on Friday. The company has a quick ratio of 0.68, a current ratio of 0.95 and a debt-to-equity ratio of 0.44. The firm has a market cap of $1.20 trillion, a PE ratio of 105.16, a price-to-earnings-growth ratio of 5.45 and a beta of 1.33. The company has a 50 day moving average price of $130.33 and a 200 day moving average price of $130.17. 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 data on Thursday, July 28th. The e-commerce giant reported $0.10 EPS for the quarter, missing the consensus estimate of $0.15 by ($0.05). The firm had revenue of $121.23 billion for the quarter, compared to the consensus estimate 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 quarter last year, the firm earned $0.76 EPS. As a group, sell-side analysts forecast that Amazon.com, Inc. will post 0.99 EPS for the current fiscal year.

Insider Buying and Selling

In related news, VP Shelley Reynolds sold 3,480 shares of the business’s stock in a transaction that occurred on Monday, August 22nd. The shares were 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 owns 119,780 shares in the company, valued at approximately $16,078,069.40. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. In other Amazon.com news, VP Shelley Reynolds sold 3,480 shares of the company’s stock in a transaction that occurred on Monday, August 22nd. The shares were sold at an average price of $134.23, for a total transaction of $467,120.40. Following the transaction, the vice president now owns 119,780 shares in the company, valued at approximately $16,078,069.40. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, CEO Andrew R. Jassy sold 23,620 shares of the company’s stock in a transaction that occurred 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 transaction, the chief executive officer now owns 1,892,000 shares in the company, valued at approximately $269,212,680. The disclosure for this sale can be found here. Insiders sold a total of 70,628 shares of company stock worth $9,802,599 in the last 90 days. 12.70% of the stock is owned by corporate insiders.

Analyst Ratings Changes

A number of analysts have recently weighed in on the stock. Telsey Advisory Group boosted their target price on shares of Amazon.com from $145.00 to $150.00 and gave the stock an “outperform” rating in a report on Friday, July 29th. Deutsche Bank Aktiengesellschaft reduced their target price on shares of Amazon.com from $174.00 to $155.00 in a report on Thursday, July 21st. Itau BBA Securities assumed coverage on shares of Amazon.com in a report on Tuesday, July 26th. They issued an “outperform” rating and a $146.00 target price on the stock. Wolfe Research boosted their target price on shares of Amazon.com from $140.00 to $170.00 and gave the stock an “outperform” rating in a report on Friday, July 29th. Finally, Piper Sandler boosted their target price on shares of Amazon.com from $170.00 to $175.00 and gave the stock an “overweight” rating in a report on Friday, July 29th. 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 MarketBeat.com, the company has an average rating of “Moderate Buy” and an average price target of $176.61.

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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