Amazon.com, Inc. (NASDAQ:AMZN) Stock Holdings Boosted by ProVise Management Group LLC

ProVise Management Group LLC grew its position in shares of Amazon.com, Inc. (NASDAQ:AMZN) by 2.1% during the second quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 142,521 shares of the e-commerce giant’s stock after acquiring an additional 2,996 shares during the quarter. Amazon.com accounts for approximately 2.3% of ProVise Management Group LLC’s portfolio, making the stock its 5th largest holding. ProVise Management Group LLC’s holdings in Amazon.com were worth $27,542,000 at the end of the most recent reporting period.

A number of other hedge funds have also recently bought and sold shares of the company. Halpern Financial Inc. boosted its holdings in shares of Amazon.com by 5.3% in the 1st quarter. Halpern Financial Inc. now owns 16,810 shares of the e-commerce giant’s stock worth $3,066,000 after buying an additional 840 shares during the last quarter. Ellenbecker Investment Group boosted its holdings in shares of Amazon.com by 4.2% in the 1st quarter. Ellenbecker Investment Group now owns 7,991 shares of the e-commerce giant’s stock worth $1,441,000 after buying an additional 323 shares during the last quarter. Safeguard Financial LLC boosted its holdings in shares of Amazon.com by 340.3% in the 1st quarter. Safeguard Financial LLC now owns 9,220 shares of the e-commerce giant’s stock worth $1,663,000 after buying an additional 7,126 shares during the last quarter. Clearview Wealth Advisors LLC boosted its holdings in shares of Amazon.com by 3.0% in the 1st quarter. Clearview Wealth Advisors LLC now owns 3,051 shares of the e-commerce giant’s stock worth $550,000 after buying an additional 90 shares during the last quarter. Finally, Perpetual Ltd boosted its holdings in shares of Amazon.com by 5.9% in the 1st quarter. Perpetual Ltd now owns 642,502 shares of the e-commerce giant’s stock worth $115,895,000 after buying an additional 36,031 shares during the last quarter. 72.20% of the stock is owned by hedge funds and other institutional investors.

Amazon.com Stock Up 0.8 %

Shares of Amazon.com stock opened at $188.99 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. Amazon.com, Inc. has a 52-week low of $118.35 and a 52-week high of $201.20. The stock has a market capitalization 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. The company’s 50 day moving average price is $181.98 and its 200-day moving average price is $183.42.

Amazon.com (NASDAQ:AMZN) last issued its earnings results 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. The firm had revenue of $147.98 billion for the quarter, compared to analysts’ expectations of $148.63 billion. Amazon.com had a net margin of 7.35% and a return on equity of 21.39%. Equities research analysts forecast that Amazon.com, Inc. will post 4.85 EPS for the current year.

Analyst Upgrades and Downgrades

AMZN has been the topic of a number of research reports. Stifel Nicolaus lowered their price objective on Amazon.com from $228.00 to $224.00 and set a “buy” rating on the stock in a research note on Friday, August 2nd. Sanford C. Bernstein boosted their price objective on Amazon.com from $210.00 to $215.00 and gave the company an “outperform” rating in a research note on Monday, July 22nd. JPMorgan Chase & Co. lowered their price objective on Amazon.com from $240.00 to $230.00 and set an “overweight” rating on the stock in a research note on Friday, August 2nd. Needham & Company LLC restated a “buy” rating and issued a $210.00 price objective on shares of Amazon.com in a research note on Thursday, September 12th. Finally, Wells Fargo & Company cut Amazon.com from an “overweight” rating to an “equal weight” rating and lowered their price objective for the company from $225.00 to $183.00 in a research note on Monday, October 7th. Two investment analysts have rated the stock with a hold rating, forty-two have given a buy rating and one has issued a strong buy rating to the company’s stock. According to data from MarketBeat.com, Amazon.com currently has a consensus rating of “Moderate Buy” and an average target price of $236.78.

Insider Activity at Amazon.com

In related news, VP Shelley Reynolds sold 3,791 shares of Amazon.com stock in a transaction on 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 in the company, valued at $21,989,299.44. The trade was a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this link. In related news, VP Shelley Reynolds sold 3,791 shares of Amazon.com stock in a transaction on 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 in the company, valued at $21,989,299.44. The trade was a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Also, CEO Andrew R. Jassy sold 20,784 shares of Amazon.com stock in a transaction on Wednesday, August 21st. The shares were sold at an average price of $180.77, for a total transaction of $3,757,123.68. Following the completion of the sale, the chief executive officer now owns 2,056,534 shares in the company, valued at approximately $371,759,651.18. This trade represents 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 worth $9,877,423 over the last quarter. 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.