Aurora Private Wealth Inc. Has $3.08 Million Stock Position in Amazon.com, Inc. (NASDAQ:AMZN)

Aurora Private Wealth Inc. cut its position in Amazon.com, Inc. (NASDAQ:AMZN) by 1.4% in the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 15,956 shares of the e-commerce giant’s stock after selling 227 shares during the quarter. Amazon.com comprises approximately 2.7% of Aurora Private Wealth Inc.’s holdings, making the stock its 6th biggest position. Aurora Private Wealth Inc.’s holdings in Amazon.com were worth $3,083,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Garrison Point Advisors LLC grew its position in Amazon.com by 0.3% in the first quarter. Garrison Point Advisors LLC now owns 20,375 shares of the e-commerce giant’s stock valued at $3,675,000 after acquiring an additional 55 shares during the last quarter. Ridgecrest Wealth Partners LLC grew its position in Amazon.com by 0.7% in the first quarter. Ridgecrest Wealth Partners LLC now owns 7,755 shares of the e-commerce giant’s stock valued at $1,399,000 after acquiring an additional 56 shares during the last quarter. Stordahl Capital Management Inc. grew its position in Amazon.com by 2.1% in the first quarter. Stordahl Capital Management Inc. now owns 2,763 shares of the e-commerce giant’s stock valued at $498,000 after acquiring an additional 56 shares during the last quarter. Lutz Financial Services LLC grew its position in Amazon.com by 1.9% in the first quarter. Lutz Financial Services LLC now owns 3,053 shares of the e-commerce giant’s stock valued at $551,000 after acquiring an additional 57 shares during the last quarter. Finally, O Dell Group LLC grew its position in Amazon.com by 0.4% in the first quarter. O Dell Group LLC now owns 13,638 shares of the e-commerce giant’s stock valued at $2,460,000 after acquiring an additional 57 shares during the last quarter. 72.20% of the stock is owned by institutional investors.

Amazon.com Stock Performance

Shares of AMZN opened at $178.50 on Friday. The stock has a 50-day moving average price of $182.68 and a 200-day moving average price of $180.99. The company has a market cap 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. Amazon.com, Inc. has a 12-month low of $118.35 and a 12-month high of $201.20. 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 (NASDAQ:AMZN) last released its earnings results on Thursday, August 1st. The e-commerce giant reported $1.23 earnings per share for the quarter, topping analysts’ consensus estimates of $1.05 by $0.18. The company had revenue of $147.98 billion during the quarter, compared to the consensus estimate of $148.63 billion. Amazon.com had a return on equity of 22.35% and a net margin of 7.35%. As a group, equities analysts forecast that Amazon.com, Inc. will post 4.73 earnings per share for the current fiscal year.

Analysts Set New Price Targets

A number of research firms have issued reports on AMZN. Wedbush reiterated an “outperform” rating and issued a $225.00 target price on shares of Amazon.com in a research report on Friday, August 2nd. Barclays lifted their target price on Amazon.com from $220.00 to $235.00 and gave the company an “overweight” rating in a research report on Friday, August 2nd. Wells Fargo & Company reduced their price target on Amazon.com from $232.00 to $225.00 and set an “overweight” rating on the stock in a report on Monday, August 26th. Rosenblatt Securities boosted their price target on Amazon.com from $220.00 to $221.00 and gave the stock a “buy” rating in a report on Friday, August 2nd. Finally, Bank of America reduced their price target on Amazon.com from $220.00 to $210.00 and set a “buy” rating on the stock in a report on Friday, August 2nd. One analyst has rated the stock with a hold rating, forty have assigned a buy rating and one has given a strong buy rating to the company’s stock. According to data from MarketBeat.com, the company presently has an average rating of “Buy” and a consensus price target of $221.36.

Insider Buying and Selling

In related news, VP Shelley Reynolds sold 3,791 shares of the business’s stock in a transaction that occurred on Wednesday, August 21st. The stock was sold at an average price of $181.04, for a total value of $686,322.64. Following the completion of the sale, the vice president now owns 121,461 shares in the company, valued at approximately $21,989,299.44. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. In related news, VP Shelley Reynolds sold 3,791 shares of the business’s stock in a transaction that occurred on Wednesday, August 21st. The stock was sold at an average price of $181.04, for a total value of $686,322.64. Following the completion of the sale, the vice president now owns 121,461 shares in the company, valued at approximately $21,989,299.44. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, SVP David Zapolsky sold 4,710 shares of Amazon.com stock in a transaction that occurred on Thursday, June 27th. The stock was sold at an average price of $195.00, for a total value of $918,450.00. Following the completion of the transaction, the senior vice president now directly owns 59,500 shares in the company, valued at $11,602,500. The disclosure for this sale can be found here. Insiders sold 6,107,817 shares of company stock worth $1,221,241,837 in the last quarter. 10.80% of the stock is owned by insiders.

Amazon.com Company 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.