Stiles Financial Services Inc Purchases 792 Shares of Amazon.com, Inc. $AMZN

Stiles Financial Services Inc increased its holdings in shares of Amazon.com, Inc. (NASDAQ:AMZN) by 2.0% during the 2nd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 39,652 shares of the e-commerce giant’s stock after acquiring an additional 792 shares during the quarter. Amazon.com makes up approximately 3.0% of Stiles Financial Services Inc’s holdings, making the stock its 3rd biggest holding. Stiles Financial Services Inc’s holdings in Amazon.com were worth $8,699,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors and hedge funds have also recently bought and sold shares of the business. Carderock Capital Management Inc. acquired a new stake in Amazon.com in the second quarter worth $27,000. Cooksen Wealth LLC acquired a new stake in shares of Amazon.com in the 1st quarter worth about $36,000. Inlight Wealth Management LLC acquired a new stake in shares of Amazon.com in the 1st quarter worth about $40,000. Capitol Family Office Inc. acquired a new stake in shares of Amazon.com in the 1st quarter worth about $42,000. Finally, Maryland Capital Advisors Inc. increased its holdings in shares of Amazon.com by 81.9% in the 2nd quarter. Maryland Capital Advisors Inc. now owns 211 shares of the e-commerce giant’s stock worth $46,000 after acquiring an additional 95 shares during the period. Institutional investors and hedge funds own 72.20% of the company’s stock.

Amazon.com Stock Performance

Shares of NASDAQ AMZN 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 stock has a market capitalization of $2.46 trillion, a price-to-earnings ratio of 35.11, a PEG ratio of 1.51 and a beta of 1.28. The stock’s fifty day simple moving average is $225.17 and its 200 day simple moving average is $215.34. Amazon.com, Inc. has a 52-week low of $161.38 and a 52-week high of $242.52.

Amazon.com (NASDAQ:AMZN) last issued its earnings results 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 business had revenue of $167.70 billion for the quarter, compared to analysts’ expectations of $161.80 billion. Amazon.com had a return on equity of 23.84% and a net margin of 10.54%.The company’s quarterly revenue was up 13.3% on a year-over-year basis. During the same period in the previous year, the firm posted $1.26 EPS. As a group, sell-side analysts forecast that Amazon.com, Inc. will post 6.31 earnings per share for the current fiscal year.

Insiders Place Their Bets

In other news, SVP David Zapolsky sold 13,570 shares of Amazon.com stock in a transaction on Friday, August 22nd. The stock was sold at an average price of $222.76, for a total transaction of $3,022,853.20. Following the transaction, the senior vice president owned 44,110 shares in the company, valued at approximately $9,825,943.60. The trade was a 23.53% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, CFO Brian T. Olsavsky sold 17,750 shares of Amazon.com stock in a transaction on Thursday, August 21st. The shares were sold at an average price of $222.74, for a total value of $3,953,635.00. Following the transaction, the chief financial officer owned 49,000 shares in the company, valued at $10,914,260. This represents a 26.59% decrease in their position. The SEC filing for this sale provides additional information. Insiders sold a total of 97,911 shares of company stock valued at $21,765,202 over the last 90 days. 9.70% of the stock is owned by corporate insiders.

Analyst Ratings Changes

AMZN has been the topic of several analyst reports. Westpark Capital restated a “buy” rating and issued a $280.00 price target on shares of Amazon.com in a research note on Friday, August 1st. Citigroup restated a “market outperform” rating on shares of Amazon.com in a research report on Tuesday. Susquehanna raised their target price on Amazon.com from $225.00 to $260.00 and gave the company a “positive” rating in a research report on Friday, August 1st. JMP Securities reissued a “market outperform” rating and set a $285.00 price target on shares of Amazon.com in a report on Friday, August 1st. Finally, Cantor Fitzgerald raised their price target on Amazon.com from $260.00 to $280.00 and gave the company an “overweight” rating in a report on Friday, August 1st. Four research analysts have rated the stock with a Strong Buy rating, forty-eight have issued a Buy rating and one has given a Hold rating to the company’s stock. According to data from MarketBeat, the stock has a consensus rating of “Buy” and an average target price of $268.54.

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.