Amazon.com, Inc. (NASDAQ:AMZN) Shares Purchased by Daymark Wealth Partners LLC

Daymark Wealth Partners LLC lifted its position in shares of Amazon.com, Inc. (NASDAQ:AMZN) by 18.5% during the second quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 295,501 shares of the e-commerce giant’s stock after purchasing an additional 46,202 shares during the quarter. Amazon.com accounts for 2.1% of Daymark Wealth Partners LLC’s investment portfolio, making the stock its 10th largest holding. Daymark Wealth Partners LLC’s holdings in Amazon.com were worth $57,106,000 at the end of the most recent quarter.

A number of other large investors also recently modified their holdings of AMZN. PayPay Securities Corp increased its holdings in 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 in the last quarter. Christopher J. Hasenberg Inc boosted its position in shares of Amazon.com by 650.0% during the second 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 during the last quarter. Koesten Hirschmann & Crabtree INC. bought a new stake in Amazon.com during the first quarter worth $69,000. Innealta Capital LLC purchased a new stake in Amazon.com in the 2nd quarter valued at $77,000. Finally, Abich Financial Wealth Management LLC lifted its stake in Amazon.com by 84.7% during the 2nd quarter. Abich Financial Wealth Management LLC now owns 434 shares of the e-commerce giant’s stock valued at $84,000 after acquiring an additional 199 shares in the last quarter. 72.20% of the stock is currently owned by institutional investors.

Amazon.com Price Performance

Amazon.com stock opened at $187.83 on Friday. The stock has a market cap of $1.95 trillion, a price-to-earnings ratio of 52.61, a PEG ratio of 1.38 and a beta of 1.14. The company has a quick ratio of 0.88, a current ratio of 1.10 and a debt-to-equity ratio of 0.23. The business has a 50-day simple moving average of $183.29 and a 200 day simple moving average of $183.56. Amazon.com, Inc. has a 52 week low of $118.35 and a 52 week high of $201.20.

Amazon.com (NASDAQ:AMZN) last issued its quarterly earnings data on Thursday, August 1st. The e-commerce giant reported $1.23 EPS for the quarter, topping the consensus estimate 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 return on equity of 21.39% and a net margin of 7.35%. On average, research analysts forecast that Amazon.com, Inc. will post 4.85 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

AMZN has been the subject of several recent analyst reports. Bank of America reduced their target price on shares of Amazon.com from $220.00 to $210.00 and set a “buy” rating for the company in a research note on Friday, August 2nd. BMO Capital Markets reiterated an “outperform” rating and issued a $230.00 price objective on shares of Amazon.com in a research note on Thursday, September 19th. TD Securities boosted their target price on Amazon.com from $225.00 to $245.00 in a research note on Wednesday, July 10th. Wedbush reaffirmed an “outperform” rating and set a $225.00 price target on shares of Amazon.com in a research report on Friday, August 2nd. Finally, JPMorgan Chase & Co. dropped their price target on Amazon.com from $240.00 to $230.00 and set an “overweight” rating on the stock in a report on Friday, August 2nd. Two 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 stock. According to data from MarketBeat.com, Amazon.com currently has an average rating of “Moderate Buy” and an average target price of $236.78.

Insider Transactions at Amazon.com

In other news, CEO Douglas J. Herrington sold 3,500 shares of Amazon.com stock in a transaction on Thursday, August 1st. The shares were sold at an average price of $189.25, for a total transaction of $662,375.00. Following the completion of the sale, the chief executive officer now directly owns 503,753 shares of the company’s stock, valued at approximately $95,335,255.25. The trade was a 0.00 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. In other Amazon.com news, SVP David Zapolsky sold 2,190 shares of the stock in a transaction that occurred on Tuesday, September 24th. The shares were sold at an average price of $195.00, for a total transaction of $427,050.00. Following the transaction, the senior vice president now directly owns 62,420 shares in the company, valued at $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 available at this hyperlink. Also, CEO Douglas J. Herrington sold 3,500 shares of Amazon.com stock in a transaction that occurred 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 in the company, valued at $95,335,255.25. This trade represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 54,355 shares of company stock valued at $9,877,423 in the last quarter. 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.