ACT Advisors LLC. Increases Stock Holdings in Amazon.com, Inc. (NASDAQ:AMZN)

ACT Advisors LLC. raised its stake in Amazon.com, Inc. (NASDAQ:AMZN) by 23.3% during the 2nd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 2,883 shares of the e-commerce giant’s stock after purchasing an additional 545 shares during the period. Amazon.com accounts for about 0.3% of ACT Advisors LLC.’s holdings, making the stock its 25th biggest position. ACT Advisors LLC.’s holdings in Amazon.com were worth $557,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds have also modified their holdings of the company. Cooksen Wealth LLC acquired a new stake in shares of Amazon.com during the fourth quarter worth $30,000. Clarity Asset Management Inc. acquired a new position in shares of Amazon.com during the 4th quarter worth $46,000. Steph & Co. acquired a new position in shares of Amazon.com during the 1st quarter worth $65,000. Koesten Hirschmann & Crabtree INC. acquired a new position in shares of Amazon.com during the 1st quarter worth $69,000. Finally, Advantage Trust Co acquired a new position in shares of Amazon.com during the 4th quarter worth $68,000. 72.20% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

AMZN has been the subject of several research reports. Royal Bank of Canada reaffirmed an “outperform” rating and set a $215.00 price target on shares of Amazon.com in a research note on Friday, August 2nd. Maxim Group lifted their price objective on Amazon.com from $238.00 to $251.00 and gave the stock a “buy” rating in a research report on Friday, August 2nd. BMO Capital Markets lifted their price target on Amazon.com from $220.00 to $230.00 and gave the company an “outperform” rating in a report on Thursday, July 25th. JMP Securities lifted their price objective on Amazon.com from $245.00 to $265.00 and gave the company a “market outperform” rating in a research note on Tuesday, September 3rd. Finally, UBS Group boosted their price target on Amazon.com from $217.00 to $224.00 and gave the stock a “buy” rating in a research report on Tuesday, July 30th. One analyst has rated the stock with a hold rating, forty have issued a buy rating and two have assigned a strong buy rating to the company. According to MarketBeat, the stock has an average rating of “Buy” and an average price target of $222.49.

Insider Activity

In related news, SVP David Zapolsky sold 4,710 shares of the company’s stock in a transaction on Thursday, June 27th. The stock was sold at an average price of $195.00, for a total transaction of $918,450.00. Following the transaction, the senior vice president now directly owns 59,500 shares of the company’s stock, valued at $11,602,500. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. In related news, SVP David Zapolsky sold 4,710 shares of the company’s stock in a transaction on Thursday, June 27th. The stock was sold at an average price of $195.00, for a total transaction of $918,450.00. Following the transaction, the senior vice president now directly owns 59,500 shares of the company’s stock, valued at $11,602,500. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Also, CEO Douglas J. Herrington sold 3,500 shares of the company’s stock in a transaction on Monday, July 1st. The shares were sold at an average price of $195.99, for a total value of $685,965.00. Following the transaction, the chief executive officer now directly owns 519,753 shares in the company, valued at $101,866,390.47. The disclosure for this sale can be found here. Insiders sold a total of 6,104,317 shares of company stock valued at $1,220,621,322 over the last three months. Insiders own 10.80% of the company’s stock.

Amazon.com Trading Down 0.3 %

Shares of NASDAQ AMZN opened at $186.49 on Friday. Amazon.com, Inc. has a 12 month low of $118.35 and a 12 month high of $201.20. The company has a market cap of $1.96 trillion, a price-to-earnings ratio of 52.24, a P/E/G ratio of 1.39 and a beta of 1.14. The company has a quick ratio of 0.88, a current ratio of 1.10 and a debt-to-equity ratio of 0.23. The business has a fifty day simple moving average of $179.51 and a 200-day simple moving average of $181.62.

Amazon.com (NASDAQ:AMZN) last announced its earnings results on Thursday, August 1st. The e-commerce giant reported $1.23 EPS for the quarter, beating the consensus estimate of $1.05 by $0.18. Amazon.com had a return on equity of 21.39% and a net margin of 7.35%. The business had revenue of $147.98 billion during the quarter, compared to the consensus estimate of $148.63 billion. Sell-side analysts predict that Amazon.com, Inc. will post 4.86 EPS for the current year.

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.