FRG Family Wealth Advisors LLC Has $36.85 Million Stock Holdings in Amazon.com, Inc. (NASDAQ:AMZN)

FRG Family Wealth Advisors LLC grew its stake in Amazon.com, Inc. (NASDAQ:AMZN) by 0.1% in the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 190,692 shares of the e-commerce giant’s stock after buying an additional 200 shares during the period. Amazon.com makes up about 5.3% of FRG Family Wealth Advisors LLC’s holdings, making the stock its 4th biggest holding. FRG Family Wealth Advisors LLC’s holdings in Amazon.com were worth $36,851,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors have also recently made changes to their positions in the company. PayPay Securities Corp raised its position in Amazon.com by 64.6% during the second quarter. PayPay Securities Corp now owns 163 shares of the e-commerce giant’s stock valued at $32,000 after purchasing an additional 64 shares in the last quarter. Cooksen Wealth LLC bought a new position in shares of Amazon.com during the 4th quarter valued at about $30,000. Christopher J. Hasenberg Inc raised its holdings in shares of Amazon.com by 650.0% during the 2nd 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 in the last quarter. Clarity Asset Management Inc. bought a new stake in Amazon.com in the 4th quarter worth approximately $46,000. Finally, Steph & Co. purchased a new stake in Amazon.com in the first quarter worth approximately $65,000. Institutional investors own 72.20% of the company’s stock.

Amazon.com Stock Up 0.8 %

NASDAQ:AMZN opened at $186.65 on Friday. 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 firm has a market cap of $1.94 trillion, a P/E ratio of 52.28, a P/E/G ratio of 1.46 and a beta of 1.14. Amazon.com, Inc. has a fifty-two week low of $118.35 and a fifty-two week high of $201.20. The firm has a 50-day simple moving average of $179.11 and a two-hundred day simple moving average of $183.05.

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

Insider Activity

In related news, CEO Douglas J. Herrington sold 3,500 shares of Amazon.com stock in a transaction dated Thursday, August 1st. The stock was sold at an average price of $189.25, for a total value of $662,375.00. Following the completion of the sale, the chief executive officer now directly owns 503,753 shares in the company, valued at approximately $95,335,255.25. This trade represents a 0.00 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. In other news, CEO Douglas J. Herrington sold 3,500 shares of the stock in a transaction on Thursday, August 1st. The stock was sold at an average price of $189.25, for a total transaction of $662,375.00. Following the transaction, the chief executive officer now directly owns 503,753 shares of the company’s stock, valued at $95,335,255.25. This represents a 0.00 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, VP Shelley Reynolds sold 3,791 shares of Amazon.com stock in a transaction on Wednesday, August 21st. The stock was sold at an average price of $181.04, for a total value of $686,322.64. Following the completion of the sale, the vice president now directly owns 121,461 shares of the company’s stock, valued at $21,989,299.44. The trade was a 0.00 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 54,355 shares of company stock valued at $9,877,423 over the last ninety days. 10.80% of the stock is currently owned by corporate insiders.

Analyst Upgrades and Downgrades

AMZN has been the topic of several research reports. Wells Fargo & Company downgraded shares of Amazon.com from an “overweight” rating to an “equal weight” rating and decreased their price target for the stock from $225.00 to $183.00 in a research note on Monday. Maxim Group boosted their price target on shares of Amazon.com from $238.00 to $251.00 and gave the stock a “buy” rating in a research note on Friday, August 2nd. Royal Bank of Canada reaffirmed an “outperform” rating and set a $215.00 price objective on shares of Amazon.com in a research note on Friday, August 2nd. UBS Group boosted their target price on Amazon.com from $217.00 to $224.00 and gave the company a “buy” rating in a research note on Tuesday, July 30th. Finally, Piper Sandler reduced their price target on Amazon.com from $220.00 to $215.00 and set an “overweight” rating on the stock in a research report on Friday, August 2nd. Two equities research analysts have rated the stock with a hold rating, forty have given a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $222.67.

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.