Valley Forge Investment Consultants Inc. ADV Increases Holdings in Amazon.com, Inc. (NASDAQ:AMZN)

Valley Forge Investment Consultants Inc. ADV boosted its holdings in shares of Amazon.com, Inc. (NASDAQ:AMZN) by 6.4% during the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 1,660 shares of the e-commerce giant’s stock after purchasing an additional 100 shares during the period. Valley Forge Investment Consultants Inc. ADV’s holdings in Amazon.com were worth $216,000 at the end of the most recent reporting period.

Other hedge funds also recently bought and sold shares of the company. Laurel Wealth Planning LLC raised its position 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 acquiring an additional 304 shares in 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.

Analyst Ratings Changes

AMZN has been the topic of several recent analyst reports. Oppenheimer reiterated an “outperform” rating and set a $170.00 target price on shares of Amazon.com in a research note on Thursday, October 19th. Wells Fargo & Company reiterated an “overweight” rating and set a $165.00 target price on shares of Amazon.com in a research note on Tuesday, October 10th. Wedbush reiterated an “outperform” rating and set a $180.00 target price on shares of Amazon.com in a research note on Wednesday, October 18th. Needham & Company LLC reiterated a “buy” rating and set a $160.00 target price on shares of Amazon.com in a research note on Friday, October 27th. Finally, Canaccord Genuity Group increased their price target on Amazon.com from $160.00 to $170.00 and gave the company a “buy” rating in a report on Friday, August 4th. Two equities research analysts have rated the stock with a hold rating and forty-four have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $168.80.

Get Our Latest Stock Report on AMZN

Insider Activity

In related news, CEO Adam Selipsky sold 70,056 shares of Amazon.com stock in a transaction dated Tuesday, August 15th. The stock was 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 in the company, valued at $14,666,279.04. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. In related news, CEO Adam Selipsky sold 70,056 shares of Amazon.com stock in a transaction dated Tuesday, August 15th. The stock was 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 in the company, valued at $14,666,279.04. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, major shareholder Amazon Com Inc sold 1,177,000 shares of Amazon.com stock in a transaction dated 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 owns 12,741,445 shares of the company’s stock, valued at approximately $248,458,177.50. The disclosure for this sale can be found here. Insiders sold a total of 1,359,145 shares of company stock worth $48,229,508 over the last 90 days. Corporate insiders own 12.30% of the company’s stock.

Amazon.com Trading Up 0.8 %

Shares of Amazon.com stock opened at $139.74 on Tuesday. The firm has a market cap of $1.44 trillion, a price-to-earnings ratio of 72.40, a PEG ratio of 1.85 and a beta of 1.17. The business has a 50-day moving average price of $132.48 and a 200-day moving average price of $127.10. The company has a quick ratio of 0.74, a current ratio of 0.98 and a debt-to-equity ratio of 0.33. Amazon.com, Inc. has a twelve month low of $81.43 and a twelve month high of $145.86.

Amazon.com Company Profile

(Free Report)

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.

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

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