Amazon.com, Inc. (NASDAQ:AMZN) Shares Acquired by WCG Wealth Advisors LLC

WCG Wealth Advisors LLC lifted its stake in shares of Amazon.com, Inc. (NASDAQ:AMZN) by 7.3% during the second quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 123,523 shares of the e-commerce giant’s stock after purchasing an additional 8,429 shares during the quarter. Amazon.com comprises 1.8% of WCG Wealth Advisors LLC’s portfolio, making the stock its 14th largest position. WCG Wealth Advisors LLC’s holdings in Amazon.com were worth $23,871,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors and hedge funds have also made changes to their positions in AMZN. PayPay Securities Corp raised its position in shares of Amazon.com by 64.6% during the 2nd quarter. PayPay Securities Corp now owns 163 shares of the e-commerce giant’s stock worth $32,000 after purchasing an additional 64 shares during the period. Christopher J. Hasenberg Inc increased its position in Amazon.com by 650.0% in the 2nd quarter. Christopher J. Hasenberg Inc now owns 300 shares of the e-commerce giant’s stock valued at $58,000 after acquiring an additional 260 shares during the period. Steph & Co. acquired a new stake in Amazon.com in the 1st quarter valued at approximately $65,000. Koesten Hirschmann & Crabtree INC. acquired a new stake in Amazon.com in the 1st quarter valued at approximately $69,000. Finally, Innealta Capital LLC acquired a new stake in Amazon.com in the 2nd quarter valued at approximately $77,000. 72.20% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling

In related news, SVP David Zapolsky sold 2,190 shares of the stock in a transaction on Tuesday, September 24th. The stock was sold at an average price of $195.00, for a total transaction of $427,050.00. Following the completion of the sale, the senior vice president now directly owns 62,420 shares in the company, valued at approximately $12,171,900. This trade represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. In other Amazon.com news, CEO Andrew R. Jassy sold 20,784 shares of the firm’s stock in a transaction dated Wednesday, August 21st. The stock was sold at an average price of $180.77, for a total transaction of $3,757,123.68. Following the transaction, the chief executive officer now directly owns 2,056,534 shares in the company, valued at $371,759,651.18. This trade represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, SVP David Zapolsky sold 2,190 shares of the firm’s stock in a transaction dated Tuesday, September 24th. The shares were sold at an average price of $195.00, for a total value of $427,050.00. Following the transaction, the senior vice president now owns 62,420 shares in the company, valued at approximately $12,171,900. This trade represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 54,355 shares of company stock worth $9,877,423. Corporate insiders own 10.80% of the company’s stock.

Amazon.com Price Performance

Shares of NASDAQ:AMZN opened at $188.99 on Friday. 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 1 year low of $118.35 and a 1 year high of $201.20. The business has a fifty day simple moving average of $181.98 and a 200 day simple moving average of $183.42. The firm has a market cap of $1.97 trillion, a price-to-earnings ratio of 52.94, a P/E/G ratio of 1.38 and a beta of 1.14.

Amazon.com (NASDAQ:AMZN) last announced its quarterly earnings data on Thursday, August 1st. The e-commerce giant reported $1.23 earnings per share (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, sell-side analysts predict that Amazon.com, Inc. will post 4.85 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

Several research firms recently commented on AMZN. Pivotal Research began coverage on Amazon.com in a research report on Friday, October 11th. They issued a “buy” rating and a $260.00 target price on the stock. Needham & Company LLC restated a “buy” rating and issued a $210.00 target price on shares of Amazon.com in a research report on Thursday, September 12th. BMO Capital Markets restated an “outperform” rating and issued a $230.00 target price on shares of Amazon.com in a research report on Thursday, September 19th. Morgan Stanley reiterated an “overweight” rating and set a $210.00 price target on shares of Amazon.com in a research report on Thursday, October 3rd. Finally, Roth Mkm lifted their price target on Amazon.com from $210.00 to $215.00 and gave the company a “buy” rating in a research report on Friday, August 2nd. Two research analysts have rated the stock with a hold rating, forty-two have given a buy rating and one has given a strong buy rating to the stock. According to MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $236.78.

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.