Traphagen Investment Advisors LLC boosted its position in shares of Amazon.com, Inc. (NASDAQ:AMZN – Free Report) by 3.5% in the 2nd quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 18,564 shares of the e-commerce giant’s stock after purchasing an additional 632 shares during the period. Amazon.com comprises about 0.4% of Traphagen Investment Advisors LLC’s investment portfolio, making the stock its 28th biggest position. Traphagen Investment Advisors LLC’s holdings in Amazon.com were worth $4,073,000 at the end of the most recent reporting period.
Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Carderock Capital Management Inc. acquired a new stake in Amazon.com in the 2nd quarter valued at about $27,000. Cooksen Wealth LLC acquired a new stake in Amazon.com in the 1st quarter valued at about $36,000. Inlight Wealth Management LLC acquired a new stake in Amazon.com in the 1st quarter valued at about $40,000. Capitol Family Office Inc. acquired a new stake in Amazon.com in the 1st quarter valued at about $42,000. Finally, Maryland Capital Advisors Inc. increased its position in Amazon.com by 81.9% in the 2nd quarter. Maryland Capital Advisors Inc. now owns 211 shares of the e-commerce giant’s stock valued at $46,000 after acquiring an additional 95 shares in the last quarter. Institutional investors and hedge funds own 72.20% of the company’s stock.
Amazon.com Stock Up 1.4%
Shares of NASDAQ AMZN opened at $224.21 on Monday. The stock has a market cap of $2.39 trillion, a P/E ratio of 34.18, a P/E/G ratio of 1.48 and a beta of 1.28. The firm has a 50 day moving average price of $225.10 and a 200 day moving average price of $214.44. The company has a debt-to-equity ratio of 0.15, a quick ratio of 0.81 and a current ratio of 1.02. Amazon.com, Inc. has a 52-week low of $161.38 and a 52-week high of $242.52.
Insider Activity
In related news, CFO Brian T. Olsavsky sold 17,750 shares of the business’s stock in a transaction that occurred on Thursday, August 21st. The shares were sold at an average price of $222.74, for a total transaction of $3,953,635.00. Following the completion of the transaction, the chief financial officer owned 49,000 shares in the company, valued at approximately $10,914,260. The trade was a 26.59% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, CEO Matthew S. Garman sold 17,785 shares of Amazon.com stock in a transaction that occurred on Thursday, August 21st. The shares were sold at an average price of $221.57, for a total transaction of $3,940,622.45. Following the completion of the transaction, the chief executive officer directly owned 3,138 shares in the company, valued at approximately $695,286.66. The trade was a 85.00% decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 97,911 shares of company stock valued at $21,765,202. 10.80% of the stock is currently owned by company insiders.
Analyst Upgrades and Downgrades
Several equities research analysts have weighed in on the stock. Susquehanna raised their price objective on shares of Amazon.com from $225.00 to $260.00 and gave the company a “positive” rating in a research report on Friday, August 1st. Scotiabank lifted their price target on shares of Amazon.com from $250.00 to $275.00 and gave the stock a “sector outperform” rating in a research report on Tuesday, July 22nd. The Goldman Sachs Group lifted their price target on shares of Amazon.com from $240.00 to $275.00 and gave the stock a “buy” rating in a research report on Friday, October 3rd. Wolfe Research lifted their price target on shares of Amazon.com from $265.00 to $270.00 in a research report on Tuesday, September 30th. Finally, Mizuho set a $300.00 price target on shares of Amazon.com and gave the stock an “outperform” rating in a research report on Monday, September 29th. Four research analysts have rated the stock with a Strong Buy rating, forty-seven have given a Buy rating and one has given a Hold rating to the company’s stock. According to data from MarketBeat.com, the company currently has an average rating of “Buy” and a consensus price target of $268.69.
Get Our Latest Stock Report on Amazon.com
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.
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