Meadow Creek Wealth Advisors LLC Raises Stock Holdings in Amazon.com, Inc. (NASDAQ:AMZN)

Meadow Creek Wealth Advisors LLC grew its stake in shares of Amazon.com, Inc. (NASDAQ:AMZN) by 9.2% during the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 10,990 shares of the e-commerce giant’s stock after buying an additional 924 shares during the period. Amazon.com makes up 2.0% of Meadow Creek Wealth Advisors LLC’s portfolio, making the stock its 9th biggest position. Meadow Creek Wealth Advisors LLC’s holdings in Amazon.com were worth $2,124,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Vanguard Group Inc. lifted its holdings in shares of Amazon.com by 1.9% during the 1st quarter. Vanguard Group Inc. now owns 785,811,114 shares of the e-commerce giant’s stock valued at $141,744,609,000 after purchasing an additional 14,724,687 shares in the last quarter. Norges Bank bought a new position in shares of Amazon.com during the 4th quarter valued at about $17,700,551,000. Capital Research Global Investors lifted its holdings in shares of Amazon.com by 8.5% during the 1st quarter. Capital Research Global Investors now owns 86,982,857 shares of the e-commerce giant’s stock valued at $15,689,968,000 after purchasing an additional 6,810,145 shares in the last quarter. Jennison Associates LLC lifted its holdings in shares of Amazon.com by 0.5% during the 1st quarter. Jennison Associates LLC now owns 56,666,183 shares of the e-commerce giant’s stock valued at $10,221,446,000 after purchasing an additional 295,132 shares in the last quarter. Finally, Charles Schwab Investment Management Inc. lifted its holdings in shares of Amazon.com by 3.0% during the 4th quarter. Charles Schwab Investment Management Inc. now owns 51,920,953 shares of the e-commerce giant’s stock valued at $7,888,870,000 after purchasing an additional 1,525,922 shares in the last quarter. Institutional investors own 72.20% of the company’s stock.

Amazon.com Stock Performance

AMZN opened at $178.50 on Friday. The business has a fifty day simple moving average of $182.68 and a 200 day simple moving average of $180.99. The company 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. Amazon.com, Inc. has a 1 year low of $118.35 and a 1 year high of $201.20. The company has a debt-to-equity ratio of 0.27, a current ratio of 1.07 and a quick ratio of 0.87.

Amazon.com (NASDAQ:AMZN) last released its quarterly earnings results on Thursday, August 1st. The e-commerce giant reported $1.23 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.05 by $0.18. The business 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%. Research analysts expect that Amazon.com, Inc. will post 4.73 EPS for the current year.

Insider Activity

In other news, VP Shelley Reynolds sold 3,791 shares of the company’s stock in a transaction on Wednesday, August 21st. The stock was 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 directly owns 121,461 shares in the company, valued at approximately $21,989,299.44. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. In other news, insider Jeffrey P. Bezos sold 3,085,116 shares of the company’s stock in a transaction on Friday, July 5th. The stock was sold at an average price of $200.07, for a total transaction of $617,239,158.12. Following the completion of the sale, the insider now directly owns 931,925,277 shares in the company, valued at approximately $186,450,290,169.39. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, 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 value of $686,322.64. Following the sale, the vice president now owns 121,461 shares of the company’s stock, valued at $21,989,299.44. The disclosure for this sale can be found here. In the last three months, insiders sold 6,107,817 shares of company stock worth $1,221,241,837. 10.80% of the stock is currently owned by company insiders.

Analysts Set New Price Targets

AMZN has been the topic of several recent analyst reports. JMP Securities reiterated a “market outperform” rating and set a $225.00 price objective on shares of Amazon.com in a report on Wednesday, July 31st. Rosenblatt Securities boosted their target price on Amazon.com from $220.00 to $221.00 and gave the company a “buy” rating in a research note on Friday, August 2nd. Tigress Financial boosted their target price on Amazon.com from $210.00 to $245.00 and gave the company a “buy” rating in a research note on Thursday, May 30th. Jefferies Financial Group cut their target price on Amazon.com from $235.00 to $225.00 and set a “buy” rating on the stock in a research note on Friday, August 2nd. Finally, TD Securities boosted their target price on Amazon.com from $225.00 to $245.00 in a research note on Wednesday, July 10th. One equities research analyst has rated the stock with a hold rating, forty have issued a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Buy” and a consensus price target of $221.36.

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.