Valmark Advisers Inc. grew its position in shares of Amazon.com, Inc. (NASDAQ:AMZN – Free Report) by 3.9% during the 2nd quarter, according to the company in its most recent filing with the SEC. The firm owned 61,617 shares of the e-commerce giant’s stock after purchasing an additional 2,329 shares during the quarter. Valmark Advisers Inc.’s holdings in Amazon.com were worth $13,518,000 as of its most recent filing with the SEC.
Several other institutional investors have also modified their holdings of AMZN. Ridgecrest Wealth Partners LLC boosted its holdings in Amazon.com by 0.5% during the second quarter. Ridgecrest Wealth Partners LLC now owns 8,399 shares of the e-commerce giant’s stock worth $1,843,000 after buying an additional 45 shares in the last quarter. Bare Financial Services Inc lifted its position in shares of Amazon.com by 5.4% during the 1st quarter. Bare Financial Services Inc now owns 930 shares of the e-commerce giant’s stock valued at $177,000 after acquiring an additional 48 shares during the last quarter. Heritage Oak Wealth Advisors LLC boosted its stake in shares of Amazon.com by 1.2% during the 2nd quarter. Heritage Oak Wealth Advisors LLC now owns 3,927 shares of the e-commerce giant’s stock worth $862,000 after acquiring an additional 48 shares in the last quarter. Cobblestone Asset Management LLC grew its holdings in shares of Amazon.com by 3.1% in the 2nd quarter. Cobblestone Asset Management LLC now owns 1,673 shares of the e-commerce giant’s stock worth $367,000 after acquiring an additional 50 shares during the last quarter. Finally, Seek First Inc. raised its position in shares of Amazon.com by 0.5% during the second quarter. Seek First Inc. now owns 9,156 shares of the e-commerce giant’s stock worth $2,009,000 after purchasing an additional 50 shares during the period. Institutional investors and hedge funds own 72.20% of the company’s stock.
Amazon.com Stock Up 1.4%
Shares of Amazon.com stock opened at $224.21 on Monday. The firm has a market cap of $2.39 trillion, a price-to-earnings ratio of 34.18, a P/E/G ratio of 1.48 and a beta of 1.28. The stock has a 50-day simple moving average of $225.10 and a 200-day simple moving average of $214.44. Amazon.com, Inc. has a 52-week low of $161.38 and a 52-week high of $242.52. The company has a debt-to-equity ratio of 0.15, a current ratio of 1.02 and a quick ratio of 0.81.
Insider Buying and Selling at Amazon.com
In other Amazon.com news, CEO Douglas J. Herrington sold 6,835 shares of the firm’s stock in a transaction dated Thursday, August 21st. The stock was sold at an average price of $221.62, for a total transaction of $1,514,772.70. Following the transaction, the chief executive officer directly owned 520,507 shares in the company, valued at $115,354,761.34. This trade represents a 1.30% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, CFO Brian T. Olsavsky sold 17,750 shares of the business’s stock in a transaction dated Thursday, August 21st. The stock was sold at an average price of $222.74, for a total value of $3,953,635.00. Following the completion of the sale, the chief financial officer directly owned 49,000 shares of the company’s stock, valued at $10,914,260. This represents a 26.59% decrease in their position. The disclosure for this sale can be found here. Insiders have sold 97,911 shares of company stock worth $21,765,202 in the last ninety days. Company insiders own 10.80% of the company’s stock.
Wall Street Analysts Forecast Growth
A number of equities analysts recently weighed in on the company. Benchmark reiterated a “buy” rating and issued a $260.00 price target on shares of Amazon.com in a research report on Wednesday, October 22nd. Wells Fargo & Company upgraded shares of Amazon.com from an “equal weight” rating to an “overweight” rating and raised their target price for the stock from $245.00 to $280.00 in a report on Wednesday, September 24th. Piper Sandler boosted their price target on shares of Amazon.com from $250.00 to $255.00 and gave the company an “overweight” rating in a report on Friday, August 1st. Stifel Nicolaus raised their price objective on shares of Amazon.com from $260.00 to $269.00 and gave the stock a “buy” rating in a research note on Friday. Finally, Cowen reissued a “buy” rating on shares of Amazon.com in a research note on Friday, August 1st. Four research analysts have rated the stock with a Strong Buy rating, forty-seven have issued a Buy rating and one has given a Hold rating to the company’s stock. According to data from MarketBeat, the company presently has an average rating of “Buy” and a consensus target price of $268.69.
View Our Latest Stock Report on AMZN
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.
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