Ameritas Advisory Services LLC Purchases 4,508 Shares of Amazon.com, Inc. (NASDAQ:AMZN)

Ameritas Advisory Services LLC increased its position in shares of Amazon.com, Inc. (NASDAQ:AMZN) by 3.2% in the 2nd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 144,223 shares of the e-commerce giant’s stock after purchasing an additional 4,508 shares during the quarter. Amazon.com accounts for approximately 1.1% of Ameritas Advisory Services LLC’s investment portfolio, making the stock its 18th largest position. Ameritas Advisory Services LLC’s holdings in Amazon.com were worth $27,871,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also bought and sold shares of the company. Vanguard Group Inc. raised its stake in Amazon.com by 1.9% during the first quarter. Vanguard Group Inc. now owns 785,811,114 shares of the e-commerce giant’s stock worth $141,744,609,000 after acquiring an additional 14,724,687 shares in the last quarter. Norges Bank acquired a new position in Amazon.com during the fourth quarter worth about $17,700,551,000. Capital Research Global Investors raised its stake in Amazon.com by 8.5% during the first quarter. Capital Research Global Investors now owns 86,982,857 shares of the e-commerce giant’s stock worth $15,689,968,000 after acquiring an additional 6,810,145 shares in the last quarter. Bank of New York Mellon Corp raised its stake in Amazon.com by 0.4% during the second quarter. Bank of New York Mellon Corp now owns 67,745,972 shares of the e-commerce giant’s stock worth $13,091,909,000 after acquiring an additional 289,532 shares in the last quarter. Finally, Jennison Associates LLC raised its stake in Amazon.com by 0.5% during the first quarter. Jennison Associates LLC now owns 56,666,183 shares of the e-commerce giant’s stock worth $10,221,446,000 after acquiring an additional 295,132 shares in the last quarter. Institutional investors own 72.20% of the company’s stock.

Analysts Set New Price Targets

AMZN has been the subject of several research analyst reports. Wolfe Research started coverage on Amazon.com in a research note on Tuesday, July 16th. They set an “outperform” rating and a $250.00 target price for the company. The Goldman Sachs Group lowered their price objective on Amazon.com from $250.00 to $230.00 and set a “buy” rating for the company in a research note on Friday, August 2nd. Itau BBA Securities downgraded Amazon.com from an “outperform” rating to a “market perform” rating and set a $186.00 price objective for the company. in a research note on Friday, August 2nd. JPMorgan Chase & Co. lowered their price objective on Amazon.com from $240.00 to $230.00 and set an “overweight” rating for the company in a research note on Friday, August 2nd. Finally, Piper Sandler lowered their price objective on Amazon.com from $220.00 to $215.00 and set an “overweight” rating for the company in a research note on Friday, August 2nd. One research analyst has rated the stock with a hold rating, forty have given a buy rating and two have assigned a strong buy rating to the stock. Based on data from MarketBeat.com, Amazon.com currently has a consensus rating of “Buy” and an average price target of $222.84.

Insider Buying and Selling

In other Amazon.com news, CEO Douglas J. Herrington sold 3,500 shares of the firm’s stock in a transaction dated Monday, July 1st. The stock was 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 owns 519,753 shares in the company, valued at approximately $101,866,390.47. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. In other news, CEO Douglas J. Herrington sold 3,500 shares of Amazon.com stock in a transaction dated Monday, July 1st. The stock was sold at an average price of $195.99, for a total transaction of $685,965.00. Following the completion of the sale, the chief executive officer now owns 519,753 shares in the company, valued at approximately $101,866,390.47. The sale was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, CEO Andrew R. Jassy sold 20,784 shares of Amazon.com stock in a transaction dated Wednesday, August 21st. The shares were sold at an average price of $180.77, for a total value of $3,757,123.68. Following the sale, the chief executive officer now owns 2,056,534 shares of the company’s stock, valued at approximately $371,759,651.18. The disclosure for this sale can be found here. In the last 90 days, insiders sold 6,104,317 shares of company stock valued at $1,220,621,322. 10.80% of the stock is owned by insiders.

Amazon.com Trading Up 0.9 %

Shares of Amazon.com stock opened at $191.60 on Friday. Amazon.com, Inc. has a 1 year low of $118.35 and a 1 year high of $201.20. The firm has a market cap of $1.99 trillion, a PE ratio of 53.67, a P/E/G ratio of 1.39 and a beta of 1.14. The stock has a fifty day moving average price of $178.54 and a 200-day moving average price of $182.04. The company has a debt-to-equity ratio of 0.23, a current ratio of 1.10 and a quick ratio of 0.88.

Amazon.com (NASDAQ:AMZN) last announced its earnings results 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 firm had revenue of $147.98 billion during the quarter, compared to analyst estimates of $148.63 billion. Equities research analysts anticipate 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.