IVC Wealth Advisors LLC Boosts Stock Position in Amazon.com, Inc. (NASDAQ:AMZN)

IVC Wealth Advisors LLC increased its stake in Amazon.com, Inc. (NASDAQ:AMZN) by 2,278.1% during the 2nd quarter, HoldingsChannel.com reports. The institutional investor owned 3,805 shares of the e-commerce giant’s stock after buying an additional 3,645 shares during the quarter. IVC Wealth Advisors LLC’s holdings in Amazon.com were worth $404,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently made changes to their positions in AMZN. Gibson Wealth Advisors LLC bought a new position in Amazon.com in the 4th quarter valued at approximately $33,000. MBM Wealth Consultants LLC lifted 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 in the last quarter. Swaine & Leidel Wealth Services LLC bought a new position in Amazon.com in the 1st quarter valued at approximately $38,000. William Allan LLC bought a new position in Amazon.com in the 4th quarter valued at approximately $47,000. Finally, Cardinal Capital Management Inc. bought a new position in shares of Amazon.com during the 1st quarter valued at $49,000. Hedge funds and other institutional investors own 57.15% of the company’s stock.

Amazon.com Trading Down 1.0 %

AMZN opened at $117.31 on Friday. The firm has a market cap of $1.20 trillion, a P/E ratio of 105.16, a P/E/G ratio of 5.45 and a beta of 1.33. Amazon.com, Inc. has a 12 month low of $101.26 and a 12 month high of $188.11. 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 stock has a 50-day moving average of $130.33 and a 200 day moving average of $130.17.

Amazon.com (NASDAQ:AMZNGet Rating) last released its quarterly earnings results 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 company had revenue of $121.23 billion during the quarter, compared to analysts’ expectations 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% on a year-over-year basis. During the same quarter in the prior year, the business posted $0.76 EPS. As a group, research analysts forecast that Amazon.com, Inc. will post 0.99 EPS for the current year.

Insiders Place Their Bets

In other Amazon.com news, CEO Adam Selipsky sold 520 shares of the firm’s stock in a transaction dated 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 sale, the chief executive officer now owns 115,680 shares of the company’s stock, valued at $14,741,102.40. The sale was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. In other Amazon.com news, CEO Adam Selipsky sold 520 shares of the firm’s stock in a transaction dated 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 sale, the chief executive officer now owns 115,680 shares of the company’s stock, valued at $14,741,102.40. The sale was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, CEO Andrew R. Jassy sold 23,620 shares of the firm’s stock in a transaction dated 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 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 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 90 days. Insiders own 12.70% of the company’s stock.

Analyst Upgrades and Downgrades

Several research firms have recently weighed in on AMZN. JPMorgan Chase & Co. lowered their price target on Amazon.com from $200.00 to $175.00 and set an “overweight” rating on the stock in a report on Wednesday, June 29th. Mizuho lowered their price target on Amazon.com from $197.50 to $155.00 and set a “buy” rating on the stock in a report on Thursday, July 21st. They noted that the move was a valuation call. Redburn Partners began coverage on Amazon.com in a report on Wednesday, June 29th. They set a “buy” rating and a $270.00 price target on the stock. Telsey Advisory Group increased their price target on Amazon.com from $145.00 to $150.00 and gave the company an “outperform” rating in a report on Friday, July 29th. Finally, JMP Securities raised their target price on Amazon.com from $172.50 to $180.00 and gave the stock a “market outperform” rating in a report on Friday, July 29th. Two research analysts have rated the stock with a sell rating, two have assigned a hold rating and thirty-six have issued a buy rating to the company. According to data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus target price of $176.61.

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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