ARK & TLK Investments LLC Grows Position in Amazon.com, Inc. (NASDAQ:AMZN)

ARK & TLK Investments LLC raised its holdings in Amazon.com, Inc. (NASDAQ:AMZN) by 6.8% during the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 1,561 shares of the e-commerce giant’s stock after purchasing an additional 100 shares during the period. ARK & TLK Investments LLC’s holdings in Amazon.com were worth $302,000 at the end of the most recent quarter.

Other large investors also recently added to or reduced their stakes in the company. Cooksen Wealth LLC acquired a new stake in shares of Amazon.com in the fourth quarter valued at approximately $30,000. Clarity Asset Management Inc. acquired a new stake in shares of Amazon.com in the fourth quarter valued at $46,000. Christopher J. Hasenberg Inc lifted its position in shares of Amazon.com by 650.0% during the second quarter. Christopher J. Hasenberg Inc now owns 300 shares of the e-commerce giant’s stock worth $58,000 after purchasing an additional 260 shares in the last quarter. Steph & Co. purchased a new stake in shares of Amazon.com during the first quarter worth $65,000. Finally, Advantage Trust Co acquired a new stake in Amazon.com in the fourth quarter valued at approximately $68,000. 72.20% of the stock is currently owned by institutional investors and hedge funds.

Amazon.com Stock Performance

NASDAQ:AMZN opened at $191.60 on Monday. The firm has a market cap of $1.99 trillion, a price-to-earnings ratio of 53.67, a price-to-earnings-growth ratio of 1.39 and a beta of 1.14. Amazon.com, Inc. has a twelve month low of $118.35 and a twelve month high of $201.20. The company has a 50-day moving average of $178.54 and a 200-day moving average of $182.10. The company has a current ratio of 1.10, a quick ratio of 0.88 and a debt-to-equity ratio of 0.23.

Amazon.com (NASDAQ:AMZN) last released its quarterly earnings results on Thursday, August 1st. The e-commerce giant reported $1.23 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.05 by $0.18. Amazon.com had a net margin of 7.35% and a return on equity of 21.39%. The business had revenue of $147.98 billion for the quarter, compared to analyst estimates of $148.63 billion. Analysts forecast that Amazon.com, Inc. will post 4.86 earnings per share for the current fiscal year.

Insider Activity at Amazon.com

In related news, CEO Douglas J. Herrington sold 3,500 shares of the business’s stock in a transaction that occurred on 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 sale, the chief executive officer now owns 519,753 shares of the company’s stock, valued at approximately $101,866,390.47. The sale was disclosed in a document filed with the SEC, which is available at this link. In other Amazon.com news, CEO Douglas J. Herrington sold 3,500 shares of the business’s stock in a transaction on Monday, July 1st. The shares were sold at an average price of $195.99, for a total transaction of $685,965.00. Following the completion of the transaction, the chief executive officer now owns 519,753 shares of the company’s stock, valued at approximately $101,866,390.47. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, insider Jeffrey P. Bezos sold 1,228,993 shares of the business’s stock in a transaction on Monday, July 8th. The stock was sold at an average price of $200.36, for a total transaction of $246,241,037.48. Following the transaction, the insider now directly owns 930,696,284 shares in the company, valued at approximately $186,474,307,462.24. The disclosure for this sale can be found here. Over the last three months, insiders have sold 6,104,317 shares of company stock valued at $1,220,621,322. Corporate insiders own 10.80% of the company’s stock.

Analyst Upgrades and Downgrades

Several equities analysts have commented on AMZN shares. Piper Sandler dropped their price target on shares of Amazon.com from $220.00 to $215.00 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 objective on shares of Amazon.com in a report on Friday, August 2nd. Tigress Financial boosted their price objective on shares of Amazon.com from $210.00 to $245.00 and gave the stock a “buy” rating in a research report on Thursday, May 30th. Rosenblatt Securities boosted their target price on shares of Amazon.com from $220.00 to $221.00 and gave the company a “buy” rating in a research note on Friday, August 2nd. Finally, Wells Fargo & Company lowered their price target on Amazon.com from $232.00 to $225.00 and set an “overweight” rating for the company in a report on Monday, August 26th. One research analyst has rated the stock with a hold rating, forty have given a buy rating and two have given a strong buy rating to the stock. Based on data from MarketBeat, the company has a consensus rating of “Buy” and an average target price 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.