Elwood & Goetz Wealth Advisory Group LLC Buys 60 Shares of Amazon.com, Inc. (NASDAQ:AMZN)

Elwood & Goetz Wealth Advisory Group LLC lifted its stake in Amazon.com, Inc. (NASDAQ:AMZN) by 1.4% during the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 4,267 shares of the e-commerce giant’s stock after purchasing an additional 60 shares during the period. Elwood & Goetz Wealth Advisory Group LLC’s holdings in Amazon.com were worth $825,000 at the end of the most recent quarter.

A number of other hedge funds have also recently made changes to their positions in AMZN. Northern Financial Advisors Inc purchased a new stake in shares of Amazon.com during the fourth quarter valued at about $284,000. Stevens Capital Partners lifted its position in shares of Amazon.com by 5.0% during the fourth quarter. Stevens Capital Partners now owns 5,038 shares of the e-commerce giant’s stock valued at $766,000 after buying an additional 239 shares during the last quarter. Charles Schwab Investment Management Inc. increased its holdings in shares of Amazon.com by 3.0% during the fourth 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 acquiring an additional 1,525,922 shares in the last quarter. Peddock Capital Advisors LLC increased its holdings in shares of Amazon.com by 1.3% during the fourth quarter. Peddock Capital Advisors LLC now owns 16,349 shares of the e-commerce giant’s stock valued at $2,484,000 after acquiring an additional 211 shares in the last quarter. Finally, Centric Wealth Management increased its holdings in shares of Amazon.com by 1.2% during the fourth quarter. Centric Wealth Management now owns 22,311 shares of the e-commerce giant’s stock valued at $3,390,000 after acquiring an additional 263 shares in the last quarter. 72.20% of the stock is currently owned by institutional investors.

Amazon.com Trading Down 0.7 %

Shares of AMZN opened at $192.53 on Thursday. Amazon.com, Inc. has a 1 year low of $118.35 and a 1 year high of $201.20. The company has a current ratio of 1.10, a quick ratio of 0.88 and a debt-to-equity ratio of 0.23. The stock has a 50 day simple moving average of $178.59 and a 200-day simple moving average of $182.35. The stock has a market cap of $2.02 trillion, a PE ratio of 53.93, a PEG ratio of 1.46 and a beta of 1.14.

Amazon.com (NASDAQ:AMZN) last announced its quarterly earnings data on Thursday, August 1st. The e-commerce giant reported $1.23 EPS for the quarter, beating analysts’ consensus estimates of $1.05 by $0.18. The firm had revenue of $147.98 billion for the quarter, compared to analyst estimates of $148.63 billion. Amazon.com had a return on equity of 21.39% and a net margin of 7.35%. On average, sell-side analysts predict that Amazon.com, Inc. will post 4.86 EPS for the current fiscal year.

Analyst Ratings Changes

Several research firms have recently issued reports on AMZN. Wedbush restated an “outperform” rating and set a $225.00 price objective on shares of Amazon.com in a report on Friday, August 2nd. Morgan Stanley cut their price target on shares of Amazon.com from $240.00 to $210.00 and set an “overweight” rating on the stock in a report on Tuesday, August 6th. The Goldman Sachs Group cut their price target on shares of Amazon.com from $250.00 to $230.00 and set a “buy” rating on the stock in a report on Friday, August 2nd. Needham & Company LLC reiterated a “buy” rating and issued a $210.00 price target on shares of Amazon.com in a report on Thursday, September 12th. Finally, Robert W. Baird increased their price target on shares of Amazon.com from $210.00 to $213.00 and gave the stock an “outperform” rating in a report on Friday, June 21st. One research analyst has rated the stock with a hold rating, forty-one have issued a buy rating and one has assigned a strong buy rating to the company’s stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Buy” and an average target price of $222.84.

Insider Buying and Selling

In related news, CEO Douglas J. Herrington sold 3,500 shares of the firm’s stock in a transaction on Monday, July 1st. The stock was sold at an average price of $195.99, for a total transaction of $685,965.00. Following the sale, the chief executive officer now owns 519,753 shares of the company’s stock, valued at approximately $101,866,390.47. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. In related news, CFO Brian T. Olsavsky sold 14,600 shares of Amazon.com stock in a transaction dated Wednesday, August 21st. The stock was sold at an average price of $180.00, for a total value of $2,628,000.00. Following the sale, the chief financial officer now owns 49,000 shares of the company’s stock, valued at $8,820,000. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, CEO Douglas J. Herrington sold 3,500 shares of Amazon.com stock in a transaction dated Monday, July 1st. The stock was sold at an average price of $195.99, for a total value of $685,965.00. Following the transaction, the chief executive officer now owns 519,753 shares of the company’s stock, valued at approximately $101,866,390.47. The disclosure for this sale can be found here. In the last quarter, insiders have sold 6,099,607 shares of company stock valued at $1,219,702,872. 10.80% of the stock is owned by company insiders.

About Amazon.com

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.