Benjamin Edwards Inc. Has $8.14 Million Stock Position in Amazon.com, Inc. (NASDAQ:AMZN)

Benjamin Edwards Inc. raised its position in 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 firm owned 42,143 shares of the e-commerce giant’s stock after purchasing an additional 873 shares during the quarter. Amazon.com accounts for approximately 1.6% of Benjamin Edwards Inc.’s holdings, making the stock its 5th biggest holding. Benjamin Edwards Inc.’s holdings in Amazon.com were worth $8,144,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in AMZN. Halpern Financial Inc. raised its position in 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 purchasing an additional 840 shares during the period. Ellenbecker Investment Group increased its position in shares of Amazon.com by 4.2% during the first quarter. Ellenbecker Investment Group now owns 7,991 shares of the e-commerce giant’s stock worth $1,441,000 after acquiring an additional 323 shares during the period. Safeguard Financial LLC increased its position in shares of Amazon.com by 340.3% during the first quarter. Safeguard Financial LLC now owns 9,220 shares of the e-commerce giant’s stock worth $1,663,000 after acquiring an additional 7,126 shares during the period. Clearview Wealth Advisors LLC increased its position in shares of Amazon.com by 3.0% during the first quarter. Clearview Wealth Advisors LLC now owns 3,051 shares of the e-commerce giant’s stock worth $550,000 after acquiring an additional 90 shares during the period. Finally, Perpetual Ltd increased its position in shares of Amazon.com by 5.9% during the first quarter. Perpetual Ltd now owns 642,502 shares of the e-commerce giant’s stock worth $115,895,000 after acquiring an additional 36,031 shares during the period. 72.20% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

A number of equities analysts have recently commented on the stock. Loop Capital raised their target price on shares of Amazon.com from $750.00 to $800.00 and gave the stock a “buy” rating in a research report on Wednesday. DA Davidson reaffirmed a “buy” rating and set a $235.00 target price on shares of Amazon.com in a research report on Thursday, October 10th. Scotiabank assumed coverage on shares of Amazon.com in a research report on Friday, October 11th. They set a “sector outperform” rating and a $245.00 target price on the stock. Royal Bank of Canada reaffirmed an “outperform” rating and set a $215.00 target price on shares of Amazon.com in a research report on Friday, August 2nd. Finally, Pivotal Research began coverage on shares of Amazon.com in a research report on Friday, October 11th. They set a “buy” rating and a $260.00 target price on the stock. Two equities research analysts have rated the stock with a hold rating, forty-two have assigned a buy rating and one has given a strong buy rating to the company’s stock. Based on data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average target price of $236.78.

Amazon.com Trading 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 current ratio of 1.10 and a quick ratio of 0.88. The firm has a fifty day moving average price of $181.98 and a 200 day moving average price of $183.42. Amazon.com, Inc. has a 1 year low of $118.35 and a 1 year high of $201.20. The stock has a market cap of $1.97 trillion, a PE ratio of 52.94, a price-to-earnings-growth ratio of 1.38 and a beta of 1.14.

Amazon.com (NASDAQ:AMZN) last released its quarterly earnings data on Thursday, August 1st. The e-commerce giant reported $1.23 earnings per share for the quarter, beating analysts’ consensus estimates of $1.05 by $0.18. Amazon.com had a net margin of 7.35% and a return on equity of 21.39%. The company had revenue of $147.98 billion during the quarter, compared to analysts’ expectations of $148.63 billion. Equities research analysts predict that Amazon.com, Inc. will post 4.85 earnings per share for the current year.

Insider Buying and Selling at Amazon.com

In other Amazon.com 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 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 trade was a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. In other Amazon.com 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 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 trade was a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, SVP David Zapolsky sold 9,490 shares of the business’s stock in a transaction dated Wednesday, August 21st. The stock was sold at an average price of $180.88, for a total transaction of $1,716,551.20. Following the sale, the senior vice president now directly owns 64,610 shares of the company’s stock, valued at $11,686,656.80. This represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders sold 54,355 shares of company stock valued at $9,877,423. Corporate insiders own 10.80% of the company’s stock.

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.