Amazon.com, Inc. (NASDAQ:AMZN) Shares Acquired by Boyd Wealth Management LLC

Boyd Wealth Management LLC increased its position in Amazon.com, Inc. (NASDAQ:AMZN) by 2,009.1% in the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 3,480 shares of the e-commerce giant’s stock after buying an additional 3,315 shares during the period. Boyd Wealth Management LLC’s holdings in Amazon.com were worth $370,000 as of its most recent SEC filing.

Other institutional investors have also modified their holdings of the company. Sage Financial Management Group Inc. increased its position in shares of Amazon.com by 6.5% in the first quarter. Sage Financial Management Group Inc. now owns 66 shares of the e-commerce giant’s stock worth $215,000 after purchasing an additional 4 shares during the period. BlackDiamond Wealth Management Inc. grew its position in Amazon.com by 1.9% in the first quarter. BlackDiamond Wealth Management Inc. now owns 217 shares of the e-commerce giant’s stock valued at $707,000 after acquiring an additional 4 shares during the last quarter. BCGM Wealth Management LLC grew its position in Amazon.com by 3.0% in the first quarter. BCGM Wealth Management LLC now owns 172 shares of the e-commerce giant’s stock valued at $428,000 after acquiring an additional 5 shares during the last quarter. Aspire Wealth Management Corp grew its position in Amazon.com by 2.4% in the first quarter. Aspire Wealth Management Corp now owns 216 shares of the e-commerce giant’s stock valued at $704,000 after acquiring an additional 5 shares during the last quarter. Finally, Lakeside Advisors INC. grew its position in Amazon.com by 7.5% in the first quarter. Lakeside Advisors INC. now owns 72 shares of the e-commerce giant’s stock valued at $235,000 after acquiring an additional 5 shares during the last quarter. Institutional investors and hedge funds own 57.15% of the company’s stock.

Insiders Place Their Bets

In other Amazon.com news, VP Shelley Reynolds sold 3,480 shares of the business’s stock in a transaction on Monday, August 22nd. The stock was sold at an average price of $134.23, for a total value of $467,120.40. Following the transaction, the vice president now 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 can be accessed through the SEC website. In other Amazon.com news, VP Shelley Reynolds sold 3,480 shares of the business’s stock in a transaction on Monday, August 22nd. The stock was sold at an average price of $134.23, for a total value of $467,120.40. Following the transaction, the vice president now 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 can be accessed through the SEC website. Also, CEO Douglas J. Herrington sold 7,448 shares of the business’s stock in a transaction on Monday, August 22nd. The stock was sold at an average price of $134.25, for a total value of $999,894.00. Following the completion of the transaction, the chief executive officer now directly owns 498,572 shares in the company, valued at approximately $66,933,291. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 305,420 shares of company stock valued at $12,769,879. Insiders own 12.70% of the company’s stock.

Amazon.com Trading Down 0.7 %

Shares of Amazon.com stock opened at $94.14 on Friday. The stock has a fifty day simple moving average of $110.68 and a 200 day simple moving average of $117.14. Amazon.com, Inc. has a 12-month low of $85.87 and a 12-month high of $188.11. The company has a market capitalization of $960.38 billion, a P/E ratio of 86.41, a price-to-earnings-growth ratio of 7.53 and a beta of 1.23. The company has a current ratio of 0.94, a quick ratio of 0.68 and a debt-to-equity ratio of 0.43.

Amazon.com (NASDAQ:AMZNGet Rating) last announced its quarterly earnings results on Thursday, October 27th. The e-commerce giant reported $0.28 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.22 by $0.06. Amazon.com had a return on equity of 14.44% and a net margin of 2.25%. The business had revenue of $127.10 billion during the quarter, compared to the consensus estimate of $127.47 billion. During the same quarter in the prior year, the company posted $0.31 earnings per share. Amazon.com’s revenue was up 14.7% compared to the same quarter last year. On average, sell-side analysts anticipate that Amazon.com, Inc. will post 0.62 earnings per share for the current fiscal year.

Analysts Set New Price Targets

A number of research analysts have issued reports on AMZN shares. Mizuho decreased their target price on Amazon.com from $155.00 to $135.00 and set a “buy” rating on the stock in a research report on Friday, October 28th. StockNews.com assumed coverage on Amazon.com in a research note on Wednesday, October 12th. They set a “hold” rating on the stock. Atlantic Securities cut their price target on Amazon.com from $160.00 to $120.00 and set an “overweight” rating on the stock in a research note on Friday, October 28th. Oppenheimer cut their price target on Amazon.com from $165.00 to $130.00 and set an “outperform” rating on the stock in a research note on Friday, October 28th. Finally, Needham & Company LLC cut their price target on Amazon.com from $175.00 to $120.00 and set a “buy” rating on the stock in a research note on Friday, October 28th. Two research analysts have rated the stock with a sell rating, three have assigned a hold rating and forty-two have assigned a buy rating to the company’s stock. According to data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $150.89.

Amazon.com Company 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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