DiNuzzo Private Wealth Inc. Increases Position in Amazon.com, Inc. (NASDAQ:AMZN)

DiNuzzo Private Wealth Inc. raised its holdings in Amazon.com, Inc. (NASDAQ:AMZN) by 44.1% during the 2nd quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 1,252 shares of the e-commerce giant’s stock after purchasing an additional 383 shares during the quarter. DiNuzzo Private Wealth Inc.’s holdings in Amazon.com were worth $242,000 at the end of the most recent reporting period.

Several other hedge funds also recently added to or reduced their stakes in AMZN. Norges Bank purchased a new stake in Amazon.com in the fourth quarter valued at $17,700,551,000. Vanguard Group Inc. boosted its holdings in Amazon.com by 1.9% in the first quarter. Vanguard Group Inc. now owns 785,811,114 shares of the e-commerce giant’s stock valued at $141,744,609,000 after purchasing an additional 14,724,687 shares during the last quarter. Swedbank AB purchased a new stake in Amazon.com in the first quarter valued at $2,239,757,000. Capital World Investors boosted its holdings in Amazon.com by 64.6% in the first quarter. Capital World Investors now owns 29,359,677 shares of the e-commerce giant’s stock valued at $5,295,899,000 after purchasing an additional 11,524,463 shares during the last quarter. Finally, Capital Research Global Investors boosted its holdings in Amazon.com by 8.5% in the first quarter. Capital Research Global Investors now owns 86,982,857 shares of the e-commerce giant’s stock valued at $15,689,968,000 after purchasing an additional 6,810,145 shares during the last quarter. 72.20% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

AMZN has been the subject of a number of analyst reports. Itau BBA Securities downgraded shares of Amazon.com from an “outperform” rating to a “market perform” rating and set a $186.00 price objective for the company. in a research report on Friday, August 2nd. TD Cowen upped their price objective on shares of Amazon.com from $225.00 to $245.00 and gave the stock a “buy” rating in a research report on Wednesday, July 10th. Benchmark reiterated a “buy” rating and issued a $200.00 price objective on shares of Amazon.com in a research report on Friday, August 2nd. JMP Securities upped their price objective on shares of Amazon.com from $245.00 to $265.00 and gave the stock a “market outperform” rating in a research report on Tuesday, September 3rd. Finally, JPMorgan Chase & Co. decreased their price objective on shares of Amazon.com from $240.00 to $230.00 and set an “overweight” rating for the company 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 issued a strong buy rating to the stock. According to MarketBeat.com, the company currently has an average rating of “Buy” and an average price target of $222.84.

Insider Activity

In related news, VP Shelley Reynolds sold 3,791 shares of the stock in a transaction that occurred on Wednesday, August 21st. The shares were sold at an average price of $181.04, for a total transaction of $686,322.64. Following the completion of the transaction, the vice president now 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 accessible through the SEC website. In related news, VP Shelley Reynolds sold 3,791 shares of the stock in a transaction that occurred on Wednesday, August 21st. The shares were sold at an average price of $181.04, for a total transaction of $686,322.64. Following the completion of the transaction, the vice president now 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 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 transaction of $685,965.00. Following the transaction, the chief executive officer now directly owns 519,753 shares of the company’s stock, valued at approximately $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 valued at $1,220,621,322 in the last 90 days. Company insiders own 10.80% of the company’s stock.

Amazon.com Stock Performance

Amazon.com stock opened at $193.96 on Wednesday. The firm has a 50 day simple moving average of $178.59 and a 200-day simple moving average of $182.35. Amazon.com, Inc. has a 1-year low of $118.35 and a 1-year high of $201.20. The company has a debt-to-equity ratio of 0.23, a current ratio of 1.10 and a quick ratio of 0.88. The stock has a market cap of $2.02 trillion, a price-to-earnings ratio of 54.33, a price-to-earnings-growth ratio of 1.39 and a beta of 1.14.

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 the consensus estimate 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 during the quarter, compared to analysts’ expectations of $148.63 billion. On average, analysts expect that Amazon.com, Inc. will post 4.86 EPS for the current year.

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.