Atlas Capital Advisors LLC Boosts Stock Position in Amazon.com, Inc. (NASDAQ:AMZN)

Atlas Capital Advisors LLC raised its position in shares of Amazon.com, Inc. (NASDAQ:AMZN) by 631.3% during the 2nd quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 45,715 shares of the e-commerce giant’s stock after purchasing an additional 39,464 shares during the quarter. Amazon.com accounts for 1.1% of Atlas Capital Advisors LLC’s portfolio, making the stock its 22nd largest position. Atlas Capital Advisors LLC’s holdings in Amazon.com were worth $8,834,000 at the end of the most recent reporting period.

Other large investors have also added to or reduced their stakes in the company. Collective Family Office LLC boosted its stake in shares of Amazon.com by 9.7% in the first quarter. Collective Family Office LLC now owns 9,278 shares of the e-commerce giant’s stock worth $1,674,000 after buying an additional 819 shares during the last quarter. Phillips Wealth Planners LLC boosted its stake in shares of Amazon.com by 9.2% in the first quarter. Phillips Wealth Planners LLC now owns 2,655 shares of the e-commerce giant’s stock worth $487,000 after buying an additional 224 shares during the last quarter. Bayesian Capital Management LP purchased a new stake in shares of Amazon.com in the fourth quarter worth about $5,926,000. Summa Corp. purchased a new stake in shares of Amazon.com in the fourth quarter worth about $1,506,000. Finally, Concord Investment Counsel Inc. purchased a new stake in shares of Amazon.com in the first quarter worth about $20,790,000. Hedge funds and other institutional investors own 72.20% of the company’s stock.

Amazon.com Trading Up 0.0 %

Shares of Amazon.com stock opened at $193.96 on Wednesday. Amazon.com, Inc. has a fifty-two week low of $118.35 and a fifty-two week high of $201.20. The stock has a 50 day moving average of $178.59 and a 200 day moving average of $182.35. The firm has a market capitalization of $2.02 trillion, a price-to-earnings ratio of 54.33, a PEG ratio of 1.39 and a beta of 1.14. The company has a debt-to-equity ratio of 0.23, a quick ratio of 0.88 and a current ratio of 1.10.

Amazon.com (NASDAQ:AMZN) last released its quarterly earnings results on Thursday, August 1st. The e-commerce giant reported $1.23 EPS for the quarter, topping 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 during the quarter, compared to analyst estimates of $148.63 billion. As a group, research analysts predict 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, insider Jeffrey P. Bezos sold 1,228,993 shares of the firm’s stock in a transaction on Monday, July 8th. The stock was sold at an average price of $200.36, for a total value of $246,241,037.48. Following the sale, the insider now directly owns 930,696,284 shares in the company, valued at $186,474,307,462.24. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. In other Amazon.com news, CEO Andrew R. Jassy sold 20,784 shares of the firm’s stock in a transaction on Wednesday, August 21st. The stock was 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 directly owns 2,056,534 shares in the company, valued at $371,759,651.18. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, insider Jeffrey P. Bezos sold 1,228,993 shares of the firm’s stock in a transaction on Monday, July 8th. The shares were sold at an average price of $200.36, for a total value of $246,241,037.48. Following the completion of the sale, the insider now owns 930,696,284 shares in the company, valued at $186,474,307,462.24. The disclosure for this sale can be found here. Over the last three months, insiders sold 6,104,317 shares of company stock worth $1,220,621,322. Company insiders own 10.80% of the company’s stock.

Analysts Set New Price Targets

A number of analysts have recently commented on AMZN shares. Piper Sandler lowered their target price on Amazon.com from $220.00 to $215.00 and set an “overweight” rating on the stock in a research note on Friday, August 2nd. Benchmark restated a “buy” rating and issued a $200.00 target price on shares of Amazon.com in a research note on Friday, August 2nd. Evercore ISI upped their target price on Amazon.com from $225.00 to $240.00 and gave the stock an “outperform” rating in a research note on Friday, September 20th. TD Securities increased their price target on Amazon.com from $225.00 to $245.00 in a research report on Wednesday, July 10th. Finally, Itau BBA Securities downgraded Amazon.com from an “outperform” rating to a “market perform” rating and set a $186.00 price target on the stock. in a research report on Friday, August 2nd. One equities 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’s stock. According to MarketBeat.com, the stock presently has an average rating of “Buy” and an average target price of $222.84.

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.