Insight Wealth Strategies LLC Grows Holdings in Amazon.com, Inc. (NASDAQ:AMZN)

Insight Wealth Strategies LLC grew its stake in Amazon.com, Inc. (NASDAQ:AMZN) by 1,845.9% in the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 23,584 shares of the e-commerce giant’s stock after buying an additional 22,372 shares during the period. Amazon.com makes up about 0.5% of Insight Wealth Strategies LLC’s holdings, making the stock its 29th biggest holding. Insight Wealth Strategies LLC’s holdings in Amazon.com were worth $2,505,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds and other institutional investors have also bought and sold shares of AMZN. Chartist Inc. CA lifted its holdings in shares of Amazon.com by 10.1% in the 4th quarter. Chartist Inc. CA now owns 317 shares of the e-commerce giant’s stock worth $1,057,000 after acquiring an additional 29 shares during the last quarter. Fort Point Capital Partners LLC lifted its holdings in shares of 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 worth $11,754,000 after acquiring an additional 170 shares during the last quarter. Valley Forge Investment Consultants Inc. ADV lifted its holdings in shares of Amazon.com by 16.9% in the 4th quarter. Valley Forge Investment Consultants Inc. ADV now owns 97 shares of the e-commerce giant’s stock worth $323,000 after acquiring an additional 14 shares during the last quarter. MayTech Global Investments LLC raised its holdings in Amazon.com by 1.4% during the 4th quarter. MayTech Global Investments LLC now owns 11,956 shares of the e-commerce giant’s stock valued at $39,165,000 after buying an additional 161 shares during the last quarter. Finally, Jarislowsky Fraser Ltd raised its holdings in Amazon.com by 4.0% during the 4th quarter. Jarislowsky Fraser Ltd now owns 97,466 shares of the e-commerce giant’s stock valued at $324,984,000 after buying an additional 3,792 shares during the last quarter. Hedge funds and other institutional investors own 57.15% of the company’s stock.

Insider Buying and Selling at Amazon.com

In other Amazon.com news, SVP David Zapolsky sold 10,480 shares of the company’s stock in a transaction dated Tuesday, August 16th. The shares were sold at an average price of $145.01, for a total transaction of $1,519,704.80. Following the transaction, the senior vice president now owns 60,260 shares in the company, valued at approximately $8,738,302.60. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. In other news, CEO Andrew R. Jassy sold 23,620 shares of the stock in a transaction that occurred on Monday, August 15th. The shares were sold at an average price of $142.29, for a total value 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 sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, SVP David Zapolsky sold 10,480 shares of the stock in a transaction that occurred on Tuesday, August 16th. The stock was sold at an average price of $145.01, for a total transaction of $1,519,704.80. Following the completion of the transaction, the senior vice president now owns 60,260 shares in the company, valued at approximately $8,738,302.60. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 70,628 shares of company stock worth $9,802,599. Company insiders own 12.70% of the company’s stock.

Amazon.com Price Performance

AMZN opened at $123.53 on Friday. The company has a debt-to-equity ratio of 0.44, a quick ratio of 0.68 and a current ratio of 0.95. The stock has a market capitalization of $1.26 trillion, a P/E ratio of 110.74, a P/E/G ratio of 5.74 and a beta of 1.33. The company’s 50-day simple moving average is $129.36 and its two-hundred day simple moving average is $131.06. 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 earnings results on Thursday, July 28th. The e-commerce giant reported ($0.20) earnings per share (EPS) for the quarter, missing the consensus estimate of $0.15 by ($0.35). The company had revenue of $121.23 billion for the quarter, compared to the consensus estimate of $119.16 billion. Amazon.com had a net margin of 2.39% and a return on equity of 15.79%. Amazon.com’s revenue was up 7.2% on a year-over-year basis. During the same quarter in the prior year, the company posted $0.76 EPS. As a group, analysts predict that Amazon.com, Inc. will post 0.99 EPS for the current year.

Analyst Upgrades and Downgrades

A number of research firms recently commented on AMZN. Citigroup upped their price target on shares of Amazon.com to $185.00 in a report on Tuesday, August 9th. Rosenblatt Securities upped their price target on shares of Amazon.com to $118.00 and gave the company a “neutral” rating in a report on Friday, July 29th. Evercore ISI lowered their price target on shares of Amazon.com from $205.00 to $180.00 and set an “outperform” rating for the company in a report on Friday, June 24th. StockNews.com upgraded shares of Amazon.com from a “sell” rating to a “hold” rating in a report on Monday, August 1st. Finally, Oppenheimer lowered their price target on shares of Amazon.com from $175.00 to $160.00 and set an “outperform” rating for the company in a report on Monday, July 25th. Two investment analysts have rated the stock with a sell rating, two have given a hold rating and thirty-six have given a buy rating to the company. Based on data from MarketBeat, Amazon.com currently has an average rating of “Moderate Buy” and a consensus target price of $176.61.

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.

Further Reading

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

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