Campbell Wealth Management Boosts Stake in Amazon.com, Inc. (NASDAQ:AMZN)

Campbell Wealth Management grew its position in shares of Amazon.com, Inc. (NASDAQ:AMZN) by 12.1% during the second quarter, according to its most recent filing with the SEC. The firm owned 4,820 shares of the e-commerce giant’s stock after acquiring an additional 520 shares during the period. Campbell Wealth Management’s holdings in Amazon.com were worth $628,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also recently made changes to their positions in the company. Laurel Wealth Planning LLC grew its stake in shares of Amazon.com by 1,900.0% in the 2nd quarter. Laurel Wealth Planning LLC now owns 320 shares of the e-commerce giant’s stock worth $34,000 after buying an additional 304 shares during the last quarter. Sanctuary Wealth Management L.L.C. purchased a new stake in shares of Amazon.com in the 4th quarter worth approximately $37,000. Swaine & Leidel Wealth Services LLC purchased a new stake in shares of Amazon.com in the 1st quarter worth approximately $38,000. Atlantic Private Wealth LLC purchased a new stake in shares of Amazon.com in the 1st quarter worth approximately $43,000. Finally, Goodwin Investment Advisory boosted its stake in Amazon.com by 1,225.8% during the 2nd quarter. Goodwin Investment Advisory now owns 411 shares of the e-commerce giant’s stock valued at $44,000 after purchasing an additional 380 shares during the last quarter. Hedge funds and other institutional investors own 57.96% of the company’s stock.

Amazon.com Stock Performance

Amazon.com stock opened at $138.60 on Friday. The company has a market capitalization of $1.43 trillion, a PE ratio of 71.81, a P/E/G ratio of 1.85 and a beta of 1.17. Amazon.com, Inc. has a fifty-two week low of $81.43 and a fifty-two week 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. The company has a 50 day moving average price of $132.48 and a 200-day moving average price of $126.77.

Amazon.com (NASDAQ:AMZN) last issued its quarterly earnings data on Thursday, August 3rd. The e-commerce giant reported $0.63 EPS for the quarter, topping analysts’ consensus estimates of $0.34 by $0.29. The company had revenue of $134.38 billion during the quarter, compared to the consensus estimate of $131.54 billion. Amazon.com had a net margin of 3.62% and a return on equity of 12.75%. As a group, equities analysts forecast that Amazon.com, Inc. will post 2.6 earnings per share for the current year.

Insider Buying and Selling

In related news, CEO Adam Selipsky sold 70,056 shares of the business’s stock in a transaction that occurred on Tuesday, August 15th. The shares were sold at an average price of $139.86, for a total value of $9,798,032.16. Following the completion of the transaction, the chief executive officer now owns 104,864 shares of the company’s stock, valued at $14,666,279.04. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. In related news, CEO Adam Selipsky sold 70,056 shares of the business’s stock in a transaction that occurred on Tuesday, August 15th. The shares were sold at an average price of $139.86, for a total value of $9,798,032.16. Following the completion of the transaction, the chief executive officer now owns 104,864 shares of the company’s stock, valued at $14,666,279.04. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. Also, SVP David Zapolsky sold 42,816 shares of the business’s stock in a transaction that occurred on Thursday, September 14th. The stock was sold at an average price of $145.13, for a total transaction of $6,213,886.08. Following the completion of the transaction, the senior vice president now directly owns 64,380 shares of the company’s stock, valued at approximately $9,343,469.40. The disclosure for this sale can be found here. Insiders sold 1,358,645 shares of company stock valued at $48,160,008 over the last 90 days. Corporate insiders own 12.30% of the company’s stock.

Wall Street Analysts Forecast Growth

Several analysts have commented on AMZN shares. Robert W. Baird increased their target price on Amazon.com from $150.00 to $155.00 and gave the company an “outperform” rating in a research note on Friday, August 4th. JMP Securities reissued a “market outperform” rating and set a $175.00 price target on shares of Amazon.com in a report on Monday, October 16th. Stifel Nicolaus initiated coverage on Amazon.com in a report on Tuesday, October 17th. They set a “buy” rating and a $173.00 price target on the stock. DA Davidson increased their price target on Amazon.com from $150.00 to $157.00 and gave the company a “buy” rating in a report on Friday, October 27th. Finally, Evercore ISI increased their price target on Amazon.com from $150.00 to $190.00 and gave the company an “outperform” rating in a report on Friday, August 4th. Two investment analysts have rated the stock with a hold rating and forty-four have given a buy rating to the stock. According to MarketBeat, Amazon.com presently has a consensus rating of “Moderate Buy” and an average price target of $168.80.

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.