Innealta Capital LLC Invests $77,000 in Amazon.com, Inc. (NASDAQ:AMZN)

Innealta Capital LLC purchased a new stake in shares of Amazon.com, Inc. (NASDAQ:AMZN) in the second quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm purchased 400 shares of the e-commerce giant’s stock, valued at approximately $77,000.

Several other institutional investors have also recently bought and sold shares of AMZN. GUNN & Co INVESTMENT MANAGEMENT INC. boosted its position in Amazon.com by 291.8% in the 4th quarter. GUNN & Co INVESTMENT MANAGEMENT INC. now owns 28,995 shares of the e-commerce giant’s stock valued at $4,406,000 after buying an additional 21,595 shares during the last quarter. Solutions 4 Wealth Ltd acquired a new stake in shares of Amazon.com during the fourth quarter worth $242,000. Bare Financial Services Inc bought a new stake in Amazon.com in the fourth quarter valued at about $149,000. Horan Capital Advisors LLC. grew its position in shares of Amazon.com by 2.7% during the 4th quarter. Horan Capital Advisors LLC. now owns 7,165 shares of the e-commerce giant’s stock worth $1,089,000 after buying an additional 185 shares during the period. Finally, Alterna Wealth Management Inc. increased its stake in shares of Amazon.com by 7.2% in the 4th quarter. Alterna Wealth Management Inc. now owns 12,912 shares of the e-commerce giant’s stock valued at $1,962,000 after acquiring an additional 863 shares during the last quarter. Institutional investors own 72.20% of the company’s stock.

Amazon.com Trading Up 0.9 %

Shares of AMZN stock opened at $191.60 on Monday. Amazon.com, Inc. has a fifty-two week low of $118.35 and a fifty-two week high of $201.20. The company has a debt-to-equity ratio of 0.23, a quick ratio of 0.88 and a current ratio of 1.10. The stock has a 50 day simple moving average of $178.54 and a two-hundred day simple moving average of $182.10. The company has a market cap of $1.99 trillion, a P/E ratio of 53.67, a PEG ratio of 1.39 and a beta of 1.14.

Amazon.com (NASDAQ:AMZN) last released its 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 company had revenue of $147.98 billion for the quarter, compared to the consensus estimate of $148.63 billion. Research analysts forecast that Amazon.com, Inc. will post 4.86 earnings per share for the current year.

Analysts Set New Price Targets

Several research analysts recently weighed in on the stock. Benchmark reissued a “buy” rating and set a $200.00 price objective on shares of Amazon.com in a research note on Friday, August 2nd. Robert W. Baird lifted their price target on shares of Amazon.com from $210.00 to $213.00 and gave the company an “outperform” rating in a research note on Friday, June 21st. Tigress Financial increased 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. BMO Capital Markets reiterated an “outperform” rating and set a $230.00 target price on shares of Amazon.com in a report on Thursday. Finally, Stifel Nicolaus reduced their price objective on Amazon.com from $228.00 to $224.00 and set a “buy” rating for the company in a research report on Friday, August 2nd. 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. According to MarketBeat, the stock currently has an average rating of “Buy” and a consensus target price of $222.84.

Insider Activity

In related news, SVP David Zapolsky sold 4,710 shares of the company’s stock in a transaction that occurred 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 approximately $11,602,500. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. In other Amazon.com news, SVP David Zapolsky sold 4,710 shares of the business’s stock in a transaction on Thursday, June 27th. The shares were sold at an average price of $195.00, for a total transaction of $918,450.00. Following the completion of the sale, the senior vice president now owns 59,500 shares in the company, valued at approximately $11,602,500. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CEO Douglas J. Herrington sold 3,500 shares of the 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 directly owns 519,753 shares of the company’s stock, 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 worth $1,220,621,322 in the last three months. Company insiders own 10.80% of the company’s stock.

Amazon.com Company 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.