Amazon.com, Inc. (NASDAQ:AMZN) Position Boosted by Adapt Wealth Advisors LLC

Adapt Wealth Advisors LLC increased its holdings in Amazon.com, Inc. (NASDAQ:AMZN) by 1.3% in the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 5,897 shares of the e-commerce giant’s stock after buying an additional 78 shares during the quarter. Amazon.com comprises 0.5% of Adapt Wealth Advisors LLC’s portfolio, making the stock its 28th largest holding. Adapt Wealth Advisors LLC’s holdings in Amazon.com were worth $1,122,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also added to or reduced their stakes in the company. Northern Capital Management Inc. lifted its position in Amazon.com by 0.6% in the fourth quarter. Northern Capital Management Inc. now owns 7,353 shares of the e-commerce giant’s stock worth $1,613,000 after purchasing an additional 45 shares during the period. Balanced Wealth Group LLC lifted its position in Amazon.com by 1.6% in the fourth quarter. Balanced Wealth Group LLC now owns 2,966 shares of the e-commerce giant’s stock worth $705,000 after purchasing an additional 48 shares during the period. ETF Store Inc. lifted its position in Amazon.com by 2.1% in the fourth quarter. ETF Store Inc. now owns 2,378 shares of the e-commerce giant’s stock worth $522,000 after purchasing an additional 48 shares during the period. Foundry Financial Group Inc. lifted its position in Amazon.com by 3.5% in the fourth quarter. Foundry Financial Group Inc. now owns 1,507 shares of the e-commerce giant’s stock worth $331,000 after purchasing an additional 51 shares during the period. Finally, Talisman Wealth Advisors LLC lifted its position in shares of Amazon.com by 1.2% during the 4th quarter. Talisman Wealth Advisors LLC now owns 4,647 shares of the e-commerce giant’s stock valued at $1,020,000 after acquiring an additional 53 shares during the last quarter. 72.20% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

A number of equities research analysts have recently commented on the company. Pivotal Research increased their price objective on Amazon.com from $260.00 to $285.00 and gave the company a “buy” rating in a research report on Friday, August 1st. Rosenblatt Securities increased their price objective on Amazon.com from $288.00 to $297.00 and gave the company a “buy” rating in a research report on Friday, August 1st. JMP Securities reiterated a “market outperform” rating and set a $285.00 price objective on shares of Amazon.com in a research report on Friday, August 1st. Westpark Capital reiterated a “buy” rating and set a $280.00 price objective on shares of Amazon.com in a research report on Friday, August 1st. Finally, Royal Bank Of Canada increased their price objective on Amazon.com from $230.00 to $240.00 and gave the company an “outperform” rating in a research report on Friday, August 1st. One investment analyst has rated the stock with a hold rating, forty-seven have given a buy rating and two have given a strong buy rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Buy” and a consensus price target of $262.45.

Amazon.com Stock Up 1.0%

NASDAQ AMZN opened at $213.75 on Wednesday. The company has a debt-to-equity ratio of 0.15, a quick ratio of 0.81 and a current ratio of 1.02. The firm has a 50-day simple moving average of $218.57 and a 200 day simple moving average of $208.96. Amazon.com, Inc. has a twelve month low of $158.54 and a twelve month high of $242.52. The stock has a market cap of $2.28 trillion, a PE ratio of 32.58, a PEG ratio of 1.45 and a beta of 1.31.

Amazon.com (NASDAQ:AMZN) last released its earnings results on Thursday, July 31st. The e-commerce giant reported $1.68 earnings per share for the quarter, beating the consensus estimate of $1.31 by $0.37. The business had revenue of $167.70 billion during the quarter, compared to analysts’ expectations of $161.80 billion. Amazon.com had a net margin of 10.54% and a return on equity of 23.84%. The firm’s revenue was up 13.3% on a year-over-year basis. During the same quarter last year, the company earned $1.26 earnings per share. On average, research analysts forecast that Amazon.com, Inc. will post 6.31 EPS for the current year.

Insider Buying and Selling

In other Amazon.com news, insider Jeffrey P. Bezos sold 4,273,237 shares of the firm’s stock in a transaction dated Friday, July 11th. The shares were sold at an average price of $224.81, for a total transaction of $960,666,409.97. Following the completion of the transaction, the insider owned 897,722,088 shares in the company, valued at $201,816,902,603.28. This trade represents a 0.47% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Insiders have sold a total of 25,102,037 shares of company stock worth $5,674,937,048 in the last three months. 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.