Sensible Money LLC Increases Stake in Amazon.com, Inc. (NASDAQ:AMZN)

Sensible Money LLC increased its position in shares of Amazon.com, Inc. (NASDAQ:AMZN) by 3.2% in the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 3,590 shares of the e-commerce giant’s stock after purchasing an additional 111 shares during the period. Sensible Money LLC’s holdings in Amazon.com were worth $694,000 at the end of the most recent quarter.

Several other hedge funds also recently added to or reduced their stakes in AMZN. Vanguard Group Inc. lifted its stake in shares of Amazon.com by 1.9% during the 1st quarter. Vanguard Group Inc. now owns 785,811,114 shares of the e-commerce giant’s stock worth $141,744,609,000 after acquiring an additional 14,724,687 shares during the last quarter. Swedbank AB purchased a new position in Amazon.com in the 1st quarter worth about $2,239,757,000. Capital World Investors increased its position in shares of Amazon.com by 64.6% during the first quarter. Capital World Investors now owns 29,359,677 shares of the e-commerce giant’s stock worth $5,295,899,000 after acquiring an additional 11,524,463 shares during the period. Capital Research Global Investors raised its stake in shares of Amazon.com by 8.5% during the first quarter. Capital Research Global Investors now owns 86,982,857 shares of the e-commerce giant’s stock valued at $15,689,968,000 after acquiring an additional 6,810,145 shares in the last quarter. Finally, Strategic Financial Concepts LLC boosted its holdings in shares of Amazon.com by 13,606.7% in the second quarter. Strategic Financial Concepts LLC now owns 3,932,580 shares of the e-commerce giant’s stock valued at $759,971,000 after purchasing an additional 3,903,889 shares during the period. 72.20% of the stock is currently owned by institutional investors.

Amazon.com Price Performance

Shares of AMZN opened at $190.83 on Wednesday. The business’s 50-day moving average is $183.94 and its two-hundred day moving average is $183.57. The company has a market capitalization of $1.99 trillion, a P/E ratio of 53.45, a P/E/G ratio of 1.38 and a beta of 1.14. Amazon.com, Inc. has a fifty-two week low of $128.56 and a fifty-two week high of $201.20. 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 (NASDAQ:AMZN) last issued its earnings results on Thursday, August 1st. The e-commerce giant reported $1.23 EPS for the quarter, topping analysts’ consensus estimates of $1.05 by $0.18. The firm had revenue of $147.98 billion for the quarter, compared to the consensus estimate of $148.63 billion. Amazon.com had a return on equity of 21.39% and a net margin of 7.35%. Research analysts predict that Amazon.com, Inc. will post 4.85 earnings per share for the current year.

Insiders Place Their Bets

In other news, CEO Andrew R. Jassy sold 20,784 shares of Amazon.com stock in a transaction that occurred 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 transaction, the chief executive officer now directly owns 2,056,534 shares of the company’s stock, valued at $371,759,651.18. The trade was a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. In related news, CEO Andrew R. Jassy sold 20,784 shares of the firm’s 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 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 ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CFO Brian T. Olsavsky sold 14,600 shares of Amazon.com stock in a transaction on Wednesday, August 21st. The shares were sold at an average price of $180.00, for a total transaction of $2,628,000.00. Following the completion of the transaction, the chief financial officer now directly owns 49,000 shares of the company’s stock, valued at $8,820,000. The trade was a 0.00 % decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 54,355 shares of company stock worth $9,877,423. Corporate insiders own 10.80% of the company’s stock.

Analysts Set New Price Targets

Several equities research analysts have weighed in on AMZN shares. Morgan Stanley reiterated an “overweight” rating and issued a $210.00 target price on shares of Amazon.com in a report on Thursday, October 3rd. Truist Financial raised their target price on shares of Amazon.com from $230.00 to $265.00 and gave the company a “buy” rating in a research report on Monday, September 30th. JMP Securities reaffirmed a “market outperform” rating and issued a $265.00 price target on shares of Amazon.com in a research report on Tuesday, October 15th. Loop Capital lifted their price objective on shares of Amazon.com from $750.00 to $800.00 and gave the company a “buy” rating in a report on Wednesday, October 16th. Finally, Wolfe Research initiated coverage on Amazon.com in a research report on Tuesday, July 16th. They set an “outperform” rating and a $250.00 target price on the stock. Two equities research analysts have rated the stock with a hold rating, forty-two have issued a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat.com, Amazon.com currently has a consensus rating of “Moderate Buy” and an average target price of $236.76.

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.