Taylor & Morgan Wealth Management LLC Has $4.40 Million Stock Position in Amazon.com, Inc. (NASDAQ:AMZN)

Taylor & Morgan Wealth Management LLC decreased its position in Amazon.com, Inc. (NASDAQ:AMZN) by 1.9% in the 2nd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 22,777 shares of the e-commerce giant’s stock after selling 434 shares during the period. Amazon.com comprises approximately 3.1% of Taylor & Morgan Wealth Management LLC’s holdings, making the stock its 10th largest holding. Taylor & Morgan Wealth Management LLC’s holdings in Amazon.com were worth $4,402,000 at the end of the most recent reporting period.

Several other large investors also recently modified their holdings of the stock. Oak Ridge Investments LLC grew its position in Amazon.com by 4.5% during the 2nd quarter. Oak Ridge Investments LLC now owns 283,447 shares of the e-commerce giant’s stock worth $54,776,000 after acquiring an additional 12,324 shares during the last quarter. Capital Advisors Wealth Management LLC lifted its stake in shares of Amazon.com by 5.1% in the 2nd quarter. Capital Advisors Wealth Management LLC now owns 45,423 shares of the e-commerce giant’s stock valued at $8,778,000 after purchasing an additional 2,211 shares during the period. IAG Wealth Partners LLC raised its stake in Amazon.com by 6.4% during the 2nd quarter. IAG Wealth Partners LLC now owns 1,430 shares of the e-commerce giant’s stock worth $276,000 after buying an additional 86 shares during the period. Cornerstone Wealth Management LLC raised its stake in Amazon.com by 0.8% during the 2nd quarter. Cornerstone Wealth Management LLC now owns 80,236 shares of the e-commerce giant’s stock worth $15,506,000 after buying an additional 647 shares during the period. Finally, Envestnet Portfolio Solutions Inc. raised its stake in shares of Amazon.com by 5.6% in the 2nd quarter. Envestnet Portfolio Solutions Inc. now owns 548,166 shares of the e-commerce giant’s stock valued at $105,933,000 after purchasing an additional 28,953 shares during the period. 72.20% of the stock is currently owned by institutional investors.

Amazon.com Price Performance

Amazon.com stock opened at $178.50 on Friday. The firm has a 50-day moving average price of $182.90 and a 200-day moving average price of $180.95. The firm has a market capitalization of $1.86 trillion, a PE ratio of 50.00, a price-to-earnings-growth ratio of 1.32 and a beta of 1.15. The company has a current ratio of 1.07, a quick ratio of 0.87 and a debt-to-equity ratio of 0.27. Amazon.com, Inc. has a 12-month low of $118.35 and a 12-month high of $201.20.

Amazon.com (NASDAQ:AMZN) last announced its quarterly earnings data on Thursday, August 1st. The e-commerce giant reported $1.23 earnings per share for the quarter, beating analysts’ consensus estimates of $1.05 by $0.18. Amazon.com had a net margin of 7.35% and a return on equity of 22.35%. The company had revenue of $147.98 billion during the quarter, compared to analyst estimates of $148.63 billion. As a group, equities research analysts forecast that Amazon.com, Inc. will post 4.73 EPS for the current year.

Analyst Upgrades and Downgrades

AMZN has been the subject of several analyst reports. TD Cowen raised their price objective on Amazon.com from $225.00 to $245.00 and gave the company a “buy” rating in a report on Wednesday, July 10th. Stifel Nicolaus decreased their price objective on Amazon.com from $228.00 to $224.00 and set a “buy” rating for the company in a report on Friday, August 2nd. Wolfe Research initiated coverage on Amazon.com in a report on Tuesday, July 16th. They issued an “outperform” rating and a $250.00 price objective for the company. Robert W. Baird raised their price objective on Amazon.com from $210.00 to $213.00 and gave the company an “outperform” rating in a report on Friday, June 21st. Finally, UBS Group raised their price objective on Amazon.com from $217.00 to $224.00 and gave the company a “buy” rating in a report on Tuesday, July 30th. One equities research analyst has rated the stock with a hold rating, forty have issued a buy rating and one has assigned a strong buy rating to the company’s stock. According to MarketBeat, the company currently has an average rating of “Buy” and a consensus price target of $221.36.

Insider Transactions at Amazon.com

In other Amazon.com news, CEO Douglas J. Herrington sold 3,500 shares of Amazon.com stock in a transaction that occurred on Monday, June 3rd. The shares were sold at an average price of $177.29, for a total transaction of $620,515.00. Following the completion of the sale, the chief executive officer now directly owns 523,253 shares in the company, valued at approximately $92,767,524.37. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. In other news, VP Shelley Reynolds sold 3,791 shares of the company’s stock in a transaction on Wednesday, August 21st. The shares were sold at an average price of $181.04, for a total transaction of $686,322.64. Following the completion of the sale, the vice president now owns 121,461 shares of the company’s stock, valued at $21,989,299.44. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. Also, CEO Douglas J. Herrington sold 3,500 shares of the company’s stock in a transaction dated Monday, June 3rd. The shares were sold at an average price of $177.29, for a total transaction of $620,515.00. Following the completion of the sale, the chief executive officer now directly owns 523,253 shares of the company’s stock, valued at approximately $92,767,524.37. The disclosure for this sale can be found here. Insiders have sold a total of 6,107,817 shares of company stock valued at $1,221,241,837 in the last 90 days. Insiders own 10.80% of the company’s stock.

Amazon.com Profile

Amazon.com, Inc engages in the retail sale of consumer products, advertising, and subscriptions service through online and physical stores in North America and internationally. The company operates through three segments: North America, International, and Amazon Web Services (AWS). It also manufactures and sells electronic devices, including Kindle, Fire tablets, Fire TVs, Echo, Ring, Blink, and eero; and develops and produces media content.