Amazon.com, Inc. $AMZN Shares Acquired by McKinley Carter Wealth Services Inc.

McKinley Carter Wealth Services Inc. lifted its stake in shares of Amazon.com, Inc. (NASDAQ:AMZN) by 3.8% during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 50,744 shares of the e-commerce giant’s stock after acquiring an additional 1,848 shares during the quarter. McKinley Carter Wealth Services Inc.’s holdings in Amazon.com were worth $11,133,000 at the end of the most recent reporting period.

Several other hedge funds also recently modified their holdings of AMZN. Carderock Capital Management Inc. acquired a new position in shares of Amazon.com in the 2nd quarter worth approximately $27,000. Cooksen Wealth LLC acquired a new position in shares of Amazon.com in the 1st quarter worth approximately $36,000. Inlight Wealth Management LLC acquired a new position in shares of Amazon.com in the 1st quarter worth approximately $40,000. Maryland Capital Advisors Inc. grew its position in Amazon.com by 81.9% in the second quarter. Maryland Capital Advisors Inc. now owns 211 shares of the e-commerce giant’s stock worth $46,000 after buying an additional 95 shares during the last quarter. Finally, Capitol Family Office Inc. acquired a new position in Amazon.com in the first quarter worth approximately $42,000. 72.20% of the stock is currently owned by institutional investors and hedge funds.

Amazon.com Stock Performance

AMZN stock opened at $230.30 on Thursday. The company has a quick ratio of 0.81, a current ratio of 1.02 and a debt-to-equity ratio of 0.15. The company has a market capitalization of $2.46 trillion, a price-to-earnings ratio of 35.11, a P/E/G ratio of 1.51 and a beta of 1.28. Amazon.com, Inc. has a 12 month low of $161.38 and a 12 month high of $242.52. The firm has a 50 day moving average of $225.17 and a two-hundred day moving average of $215.34.

Amazon.com (NASDAQ:AMZN) last issued its quarterly earnings data on Thursday, July 31st. The e-commerce giant reported $1.68 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.31 by $0.37. The firm 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%. Amazon.com’s revenue for the quarter was up 13.3% on a year-over-year basis. During the same period in the prior year, the company posted $1.26 earnings per share. As a group, equities analysts anticipate that Amazon.com, Inc. will post 6.31 EPS for the current fiscal year.

Insider Buying and Selling at Amazon.com

In other Amazon.com news, CEO Andrew R. Jassy sold 19,872 shares of the company’s stock in a transaction dated Thursday, August 21st. The shares were sold at an average price of $221.58, for a total transaction of $4,403,237.76. Following the completion of the sale, the chief executive officer directly owned 2,178,502 shares in the company, valued at $482,712,473.16. This represents a 0.90% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, SVP David Zapolsky sold 13,570 shares of the stock in a transaction that occurred on Friday, August 22nd. The shares were sold at an average price of $222.76, for a total value of $3,022,853.20. Following the completion of the sale, the senior vice president directly owned 44,110 shares of the company’s stock, valued at $9,825,943.60. This represents a 23.53% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders sold 97,911 shares of company stock worth $21,765,202 in the last quarter. 9.70% of the stock is owned by corporate insiders.

Wall Street Analyst Weigh In

Several research analysts have issued reports on AMZN shares. BMO Capital Markets lifted their price target on shares of Amazon.com from $270.00 to $280.00 and gave the stock an “outperform” rating in a research report on Friday, August 1st. Roth Capital set a $250.00 target price on Amazon.com and gave the stock a “buy” rating in a report on Tuesday, July 8th. Evercore ISI reissued an “outperform” rating and issued a $280.00 price target on shares of Amazon.com in a research note on Wednesday, August 13th. Cowen reissued a “buy” rating on shares of Amazon.com in a research note on Friday, August 1st. Finally, Zacks Research raised shares of Amazon.com from a “hold” rating to a “strong-buy” rating in a research report on Wednesday, October 22nd. Four investment analysts have rated the stock with a Strong Buy rating, forty-eight have given a Buy rating and one has given a Hold rating to the stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Buy” and an average price target of $268.54.

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.