Wealthstream Advisors Inc. Boosts Position in Amazon.com, Inc. (NASDAQ:AMZN)

Wealthstream Advisors Inc. grew its holdings in Amazon.com, Inc. (NASDAQ:AMZN) by 3.4% during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 12,627 shares of the e-commerce giant’s stock after acquiring an additional 414 shares during the period. Amazon.com comprises 0.9% of Wealthstream Advisors Inc.’s holdings, making the stock its 21st biggest position. Wealthstream Advisors Inc.’s holdings in Amazon.com were worth $2,440,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also recently made changes to their positions in the business. Cooksen Wealth LLC purchased a new stake in shares of Amazon.com during the 4th quarter worth about $30,000. Christopher J. Hasenberg Inc raised its position in shares of Amazon.com by 650.0% in the second quarter. Christopher J. Hasenberg Inc now owns 300 shares of the e-commerce giant’s stock valued at $58,000 after buying an additional 260 shares during the last quarter. Clarity Asset Management Inc. acquired a new position in Amazon.com during the fourth quarter worth about $46,000. Steph & Co. purchased a new stake in Amazon.com during the 1st quarter valued at about $65,000. Finally, Koesten Hirschmann & Crabtree INC. acquired a new stake in Amazon.com in the 1st quarter valued at about $69,000. Institutional investors and hedge funds own 72.20% of the company’s stock.

Wall Street Analyst Weigh In

Several equities research analysts recently commented on AMZN shares. Needham & Company LLC reaffirmed a “buy” rating and issued a $210.00 price target on shares of Amazon.com in a report on Thursday, September 12th. Evercore ISI raised their price objective on shares of Amazon.com from $225.00 to $240.00 and gave the stock an “outperform” rating in a research report on Friday. TD Securities boosted their target price on shares of Amazon.com from $225.00 to $245.00 in a report on Wednesday, July 10th. Royal Bank of Canada restated an “outperform” rating and set a $215.00 price target on shares of Amazon.com in a report on Friday, August 2nd. Finally, Benchmark reiterated a “buy” rating and issued a $200.00 price objective on shares of Amazon.com in a report on Friday, August 2nd. One research analyst has rated the stock with a hold rating, forty-one have assigned a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat, the company has a consensus rating of “Buy” and a consensus price target of $222.84.

Amazon.com Stock Up 1.2 %

Amazon.com stock opened at $193.88 on Tuesday. The stock has a market capitalization of $2.02 trillion, a price-to-earnings ratio of 54.31, a PEG ratio of 1.39 and a beta of 1.14. 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, Inc. has a twelve month low of $118.35 and a twelve month high of $201.20. The stock has a 50 day moving average of $178.57 and a two-hundred day moving average of $182.22.

Amazon.com (NASDAQ:AMZN) last posted its quarterly earnings results on Thursday, August 1st. The e-commerce giant reported $1.23 earnings per share for the quarter, beating analysts’ consensus estimates 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 for the quarter, compared to the consensus estimate of $148.63 billion. As a group, research analysts expect that Amazon.com, Inc. will post 4.86 earnings per share for the current year.

Insider Activity at Amazon.com

In other Amazon.com news, VP Shelley Reynolds sold 3,791 shares of the company’s stock in a transaction dated Wednesday, August 21st. The shares were sold at an average price of $181.04, for a total value of $686,322.64. Following the sale, the vice president now owns 121,461 shares of the company’s stock, valued at $21,989,299.44. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. In other Amazon.com news, VP Shelley Reynolds sold 3,791 shares of the firm’s stock in a transaction dated Wednesday, August 21st. The shares were sold at an average price of $181.04, for a total transaction of $686,322.64. Following the sale, the vice president now directly owns 121,461 shares of the company’s stock, valued at approximately $21,989,299.44. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, 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 sale, the chief executive officer now 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 6,104,317 shares of company stock valued at $1,220,621,322 in the last ninety days. Corporate insiders own 10.80% of the company’s stock.

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.