BMS Financial Advisors LLC Acquires 2,859 Shares of Amazon.com, Inc. (NASDAQ:AMZN)

BMS Financial Advisors LLC grew its holdings in shares of Amazon.com, Inc. (NASDAQ:AMZN) by 2,133.6% during the second quarter, Holdings Channel reports. The firm owned 2,993 shares of the e-commerce giant’s stock after purchasing an additional 2,859 shares during the period. BMS Financial Advisors LLC’s holdings in Amazon.com were worth $318,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also modified their holdings of AMZN. Norges Bank bought a new position in shares of Amazon.com during the 4th quarter valued at $14,053,756,000. Castleview Partners LLC bought a new position in shares of Amazon.com during the 4th quarter valued at $1,143,000. DnB Asset Management AS raised its holdings in shares of Amazon.com by 1,958.2% during the 2nd quarter. DnB Asset Management AS now owns 3,083,201 shares of the e-commerce giant’s stock valued at $327,467,000 after purchasing an additional 2,933,398 shares in the last quarter. Aaron Wealth Advisors LLC raised its holdings in shares of Amazon.com by 346,521.1% during the 1st quarter. Aaron Wealth Advisors LLC now owns 2,246,105 shares of the e-commerce giant’s stock valued at $689,000 after purchasing an additional 2,245,457 shares in the last quarter. Finally, Verity Asset Management Inc. raised its holdings in Amazon.com by 413,136.4% in the 1st quarter. Verity Asset Management Inc. now owns 1,508,313 shares of the e-commerce giant’s stock worth $841,000 after acquiring an additional 1,507,948 shares during the period. Institutional investors own 57.15% of the company’s stock.

Analyst Upgrades and Downgrades

Several research analysts recently commented on AMZN shares. Wolfe Research lifted 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. Barclays lifted their target price on shares of Amazon.com from $195.00 to $200.00 and gave the stock an “overweight” rating in a report on Friday, July 29th. JMP Securities lifted their target price on shares of Amazon.com from $172.50 to $180.00 and gave the stock a “market outperform” rating in a report on Friday, July 29th. Deutsche Bank Aktiengesellschaft dropped their target price on shares of Amazon.com from $174.00 to $155.00 in a report on Thursday, July 21st. Finally, Loop Capital decreased their price target on shares of Amazon.com from $187.50 to $141.25 and set a “buy” rating on the stock in a research report on Friday, May 27th. Two research analysts have rated the stock with a sell rating, two have assigned a hold rating and thirty-six have assigned a buy rating to the company. According to MarketBeat, Amazon.com currently has an average rating of “Moderate Buy” and an average target price of $176.61.

Amazon.com Trading Down 1.0 %

Shares of NASDAQ AMZN opened at $117.31 on Friday. Amazon.com, Inc. has a 1-year low of $101.26 and a 1-year high of $188.11. The company has a market cap of $1.20 trillion, a PE ratio of 105.16, a P/E/G ratio of 5.45 and a beta of 1.33. The company has a current ratio of 0.95, a quick ratio of 0.68 and a debt-to-equity ratio of 0.44. The company has a 50-day moving average of $130.33 and a two-hundred day moving average of $130.17.

Amazon.com (NASDAQ:AMZNGet Rating) last announced its earnings results on Thursday, July 28th. The e-commerce giant reported $0.10 earnings per share for the quarter, missing analysts’ consensus estimates of $0.15 by ($0.05). Amazon.com had a return on equity of 15.79% and a net margin of 2.39%. The company had revenue of $121.23 billion during the quarter, compared to the consensus estimate of $119.16 billion. During the same period in the prior year, the firm posted $0.76 earnings per share. The company’s revenue was up 7.2% on a year-over-year basis. As a group, equities analysts expect that Amazon.com, Inc. will post 0.99 earnings per share 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 sale, the vice president now directly owns 119,780 shares of the company’s stock, valued at $16,078,069.40. The transaction was disclosed in a legal filing with the SEC, which is available at this link. 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 sale, the vice president now directly owns 119,780 shares of the company’s stock, valued at $16,078,069.40. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Also, CEO Andrew R. Jassy sold 23,620 shares of the business’s stock in a transaction that occurred on Monday, August 15th. The stock was sold at an average price of $142.29, for a total transaction of $3,360,889.80. Following the sale, the chief executive officer now directly owns 1,892,000 shares of the company’s stock, valued at $269,212,680. The disclosure for this sale can be found here. Insiders sold a total of 70,628 shares of company stock valued at $9,802,599 over the last ninety days. Insiders own 12.70% of the company’s stock.

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.

See Also

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

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