Aptus Capital Advisors LLC Increases Position in Amazon.com, Inc. (NASDAQ:AMZN)

Aptus Capital Advisors LLC increased its stake in shares of Amazon.com, Inc. (NASDAQ:AMZN) by 3.9% during the first quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 275,182 shares of the e-commerce giant’s stock after buying an additional 10,313 shares during the quarter. Amazon.com comprises about 0.8% of Aptus Capital Advisors LLC’s holdings, making the stock its 24th largest position. Aptus Capital Advisors LLC’s holdings in Amazon.com were worth $28,424,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. State Street Corp boosted its holdings in shares of Amazon.com by 1,869.1% in the second quarter. State Street Corp now owns 326,727,487 shares of the e-commerce giant’s stock valued at $34,701,726,000 after acquiring an additional 310,134,486 shares in the last quarter. Price T Rowe Associates Inc. MD lifted its position in Amazon.com by 1,838.8% in the second quarter. Price T Rowe Associates Inc. MD now owns 311,971,394 shares of the e-commerce giant’s stock valued at $33,134,481,000 after purchasing an additional 295,880,050 shares during the period. FMR LLC boosted its holdings in Amazon.com by 1,792.4% in the 2nd quarter. FMR LLC now owns 286,047,356 shares of the e-commerce giant’s stock valued at $30,381,089,000 after purchasing an additional 270,931,640 shares in the last quarter. Moneta Group Investment Advisors LLC increased its position in Amazon.com by 120,235.9% during the 4th quarter. Moneta Group Investment Advisors LLC now owns 116,480,298 shares of the e-commerce giant’s stock worth $9,784,345,000 after purchasing an additional 116,383,502 shares during the period. Finally, Norges Bank purchased a new position in shares of Amazon.com during the 4th quarter worth approximately $8,263,591,000. 57.96% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

A number of research firms recently weighed in on AMZN. Truist Financial lifted their price target on Amazon.com from $144.00 to $176.00 and gave the company a “buy” rating in a research note on Friday, August 4th. Roth Mkm upped their price target on shares of Amazon.com from $155.00 to $165.00 and gave the stock a “buy” rating in a research note on Friday, August 4th. Susquehanna raised their price objective on shares of Amazon.com from $150.00 to $185.00 and gave the company a “positive” rating in a research note on Friday, August 4th. BNP Paribas upgraded shares of Amazon.com from an “underperform” rating to a “neutral” rating and set a $140.00 target price on the stock in a research report on Friday, August 4th. Finally, Piper Sandler lifted their price target on shares of Amazon.com from $175.00 to $185.00 and gave the company an “overweight” rating in a research report on Thursday, August 24th. Two research analysts have rated the stock with a hold rating and forty-eight have issued a buy rating to the company’s stock. Based on data from MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus price target of $160.87.

Insider Buying and Selling at Amazon.com

In other news, CEO Adam Selipsky sold 500 shares of the firm’s stock in a transaction on Tuesday, June 6th. The shares were sold at an average price of $126.27, for a total value of $63,135.00. Following the transaction, the chief executive officer now owns 152,780 shares of the company’s stock, valued at approximately $19,291,530.60. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. In other Amazon.com news, CEO Adam Selipsky sold 500 shares of the stock in a transaction that occurred on Tuesday, June 6th. The shares were sold at an average price of $126.27, for a total value of $63,135.00. Following the completion of the sale, the chief executive officer now owns 152,780 shares of the company’s stock, valued at $19,291,530.60. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, VP Shelley Reynolds sold 3,100 shares of Amazon.com stock in a transaction on Monday, August 21st. The stock was sold at an average price of $133.87, for a total transaction of $414,997.00. Following the sale, the vice president now directly owns 119,780 shares in the company, valued at approximately $16,034,948.60. The disclosure for this sale can be found here. Insiders have sold a total of 1,362,329 shares of company stock valued at $48,508,072 over the last ninety days. Corporate insiders own 12.70% of the company’s stock.

Amazon.com Price Performance

Shares of Amazon.com stock opened at $138.01 on Friday. The stock has a market capitalization of $1.42 trillion, a P/E ratio of 108.67, a PEG ratio of 1.76 and a beta of 1.26. The company has a current ratio of 0.95, a quick ratio of 0.70 and a debt-to-equity ratio of 0.37. The business’s fifty day moving average price is $132.73 and its 200 day moving average price is $115.78. Amazon.com, Inc. has a twelve month low of $81.43 and a twelve month high of $143.63.

Amazon.com (NASDAQ:AMZN) last released its quarterly earnings data on Thursday, August 3rd. The e-commerce giant reported $0.63 earnings per share for the quarter, beating the consensus estimate of $0.34 by $0.29. The business had revenue of $134.38 billion for the quarter, compared to analyst estimates of $131.54 billion. Amazon.com had a return on equity of 9.14% and a net margin of 2.43%. As a group, research analysts anticipate that Amazon.com, Inc. will post 2.23 earnings per share for the current year.

About Amazon.com

Amazon.com, Inc engages in the retail sale of consumer products and subscriptions through online and physical stores in North America and internationally. It operates through three segments: North America, International, and Amazon Web Services (AWS). The company's products offered through its stores include merchandise and content purchased for resale; and products offered by third-party sellers.