Amazon.com, Inc. (NASDAQ:AMZN) Shares Acquired by TSA Wealth Managment LLC

TSA Wealth Managment LLC lifted its position in shares of Amazon.com, Inc. (NASDAQ:AMZN) by 55.7% during the second quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 2,057 shares of the e-commerce giant’s stock after acquiring an additional 736 shares during the quarter. TSA Wealth Managment LLC’s holdings in Amazon.com were worth $398,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in AMZN. Garrison Point Advisors LLC lifted its holdings in Amazon.com by 0.3% during the 1st quarter. Garrison Point Advisors LLC now owns 20,375 shares of the e-commerce giant’s stock valued at $3,675,000 after purchasing an additional 55 shares during the last quarter. Meridian Investment Counsel Inc. boosted its holdings in shares of Amazon.com by 1.8% in the second quarter. Meridian Investment Counsel Inc. now owns 3,076 shares of the e-commerce giant’s stock valued at $594,000 after buying an additional 55 shares during the period. Ridgecrest Wealth Partners LLC lifted its position in shares of Amazon.com by 0.7% in the first quarter. Ridgecrest Wealth Partners LLC now owns 7,755 shares of the e-commerce giant’s stock worth $1,399,000 after purchasing an additional 56 shares in the last quarter. Stordahl Capital Management Inc. raised its position in Amazon.com by 2.1% during the first quarter. Stordahl Capital Management Inc. now owns 2,763 shares of the e-commerce giant’s stock worth $498,000 after acquiring an additional 56 shares in the last quarter. Finally, Lutz Financial Services LLC raised its position in Amazon.com by 1.9% during the first quarter. Lutz Financial Services LLC now owns 3,053 shares of the e-commerce giant’s stock worth $551,000 after acquiring an additional 57 shares in the last quarter. 72.20% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling

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

Amazon.com Stock Up 0.9 %

NASDAQ:AMZN opened at $191.60 on Friday. The company has a debt-to-equity ratio of 0.23, a current ratio of 1.10 and a quick ratio of 0.88. The firm’s 50-day moving average price is $178.54 and its 200-day moving average price is $181.98. The company has a market capitalization of $1.99 trillion, a PE ratio of 53.67, a P/E/G ratio of 1.39 and a beta of 1.14. Amazon.com, Inc. has a 1-year low of $118.35 and a 1-year high of $201.20.

Amazon.com (NASDAQ:AMZN) last released its quarterly earnings data on Thursday, August 1st. The e-commerce giant reported $1.23 earnings per share (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 for the quarter, compared to analysts’ expectations of $148.63 billion. On average, equities analysts predict that Amazon.com, Inc. will post 4.86 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

AMZN has been the topic of a number of recent analyst reports. JPMorgan Chase & Co. decreased their price objective on shares of Amazon.com from $240.00 to $230.00 and set an “overweight” rating on the stock in a research note on Friday, August 2nd. Wedbush reaffirmed an “outperform” rating and set a $225.00 price target on shares of Amazon.com in a research note on Friday, August 2nd. Bank of America dropped their price target on shares of Amazon.com from $220.00 to $210.00 and set a “buy” rating on the stock in a research report on Friday, August 2nd. Stifel Nicolaus cut their target price on Amazon.com from $228.00 to $224.00 and set a “buy” rating on the stock in a research note on Friday, August 2nd. Finally, Rosenblatt Securities increased their price objective on Amazon.com from $220.00 to $221.00 and gave the company a “buy” rating in a report on Friday, August 2nd. One equities research analyst has rated the stock with a hold rating, forty have assigned a buy rating and two have issued a strong buy rating to the company’s stock. Based on data from MarketBeat, Amazon.com currently has an average rating of “Buy” and an average price target of $222.84.

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.