Amazon.com, Inc. (NASDAQ:AMZN) Position Boosted by Alaska Wealth Advisors

Alaska Wealth Advisors grew its holdings in shares of Amazon.com, Inc. (NASDAQ:AMZN) by 12.5% in the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 3,232 shares of the e-commerce giant’s stock after purchasing an additional 358 shares during the period. Alaska Wealth Advisors’ holdings in Amazon.com were worth $421,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds also recently bought and sold shares of the company. Bridgefront Capital LLC bought a new stake in Amazon.com in the 1st quarter valued at $228,000. Krane Funds Advisors LLC increased its holdings in Amazon.com by 239.1% in the 1st quarter. Krane Funds Advisors LLC now owns 78 shares of the e-commerce giant’s stock valued at $254,000 after buying an additional 55 shares during the period. Range Financial Group LLC bought a new stake in Amazon.com in the 1st quarter valued at $258,000. My Personal CFO LLC bought a new stake in Amazon.com in the 1st quarter valued at $261,000. Finally, Worth Asset Management LLC bought a new stake in Amazon.com in the 1st quarter valued at $191,000. 57.96% of the stock is owned by hedge funds and other institutional investors.

Insider Transactions at Amazon.com

In other Amazon.com news, CEO Adam Selipsky sold 500 shares of the business’s stock in a transaction dated Thursday, October 19th. The stock was sold at an average price of $130.53, for a total transaction of $65,265.00. Following the completion of the sale, the chief executive officer now owns 104,520 shares of the company’s stock, valued at $13,642,995.60. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. In other news, CEO Adam Selipsky sold 500 shares of the company’s stock in a transaction that occurred on Thursday, October 19th. The stock was sold at an average price of $130.53, for a total transaction of $65,265.00. Following the completion of the transaction, the chief executive officer now directly owns 104,520 shares of the company’s stock, valued at $13,642,995.60. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, major shareholder Amazon Com Inc sold 1,177,000 shares of the stock in a transaction that occurred on Wednesday, August 9th. The stock was sold at an average price of $19.50, for a total value of $22,951,500.00. Following the completion of the transaction, the insider now directly owns 12,741,445 shares of the company’s stock, valued at $248,458,177.50. The disclosure for this sale can be found here. Insiders sold a total of 1,404,645 shares of company stock valued at $54,674,088 over the last three months. 12.70% of the stock is currently owned by insiders.

Analyst Ratings Changes

Several equities research analysts have recently commented on AMZN shares. Argus restated a “buy” rating and issued a $165.00 target price on shares of Amazon.com in a research note on Wednesday, September 27th. Tigress Financial upped their price target on Amazon.com from $192.00 to $204.00 in a research note on Thursday, July 13th. TheStreet raised Amazon.com from a “c+” rating to a “b-” rating in a research report on Friday, October 27th. Evercore ISI increased their price objective on Amazon.com from $150.00 to $190.00 and gave the company an “outperform” rating in a report on Friday, August 4th. Finally, Telsey Advisory Group increased their price objective on Amazon.com from $160.00 to $165.00 and gave the company an “outperform” rating in a report on Friday, October 27th. Two equities research analysts have rated the stock with a hold rating and forty-three have issued a buy rating to the company’s stock. According to data from MarketBeat, the company presently has an average rating of “Moderate Buy” and an average price target of $169.00.

Amazon.com Price Performance

Shares of NASDAQ:AMZN opened at $137.00 on Thursday. The stock has a market capitalization of $1.42 trillion, a price-to-earnings ratio of 70.98, a PEG ratio of 1.90 and a beta of 1.24. The company has a 50-day simple moving average of $132.22 and a 200-day simple moving average of $126.36. Amazon.com, Inc. has a one year low of $81.43 and a one year high of $145.86. The company has a debt-to-equity ratio of 0.33, a quick ratio of 0.74 and a current ratio of 0.98.

Amazon.com (NASDAQ:AMZN) last issued its quarterly earnings data on Thursday, August 3rd. The e-commerce giant reported $0.63 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.34 by $0.29. The firm had revenue of $134.38 billion during the quarter, compared to analysts’ expectations of $131.54 billion. Amazon.com had a return on equity of 12.75% and a net margin of 3.62%. On average, analysts predict that Amazon.com, Inc. will post 2.45 EPS for the current year.

Amazon.com Profile

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.