Whitaker Myers Wealth Managers LTD. Has $1.29 Million Stock Holdings in Amazon.com, Inc. (NASDAQ:AMZN)

Whitaker Myers Wealth Managers LTD. grew its holdings in Amazon.com, Inc. (NASDAQ:AMZN) by 4.4% during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 6,664 shares of the e-commerce giant’s stock after purchasing an additional 281 shares during the quarter. Whitaker Myers Wealth Managers LTD.’s holdings in Amazon.com were worth $1,288,000 at the end of the most recent reporting period.

Several other institutional investors also recently modified their holdings of the business. Cooksen Wealth LLC acquired a new position in Amazon.com in the fourth quarter valued at about $30,000. Clarity Asset Management Inc. acquired a new stake in shares of Amazon.com in the 4th quarter valued at approximately $46,000. Christopher J. Hasenberg Inc boosted its stake in Amazon.com by 650.0% during the 2nd quarter. Christopher J. Hasenberg Inc now owns 300 shares of the e-commerce giant’s stock worth $58,000 after acquiring an additional 260 shares during the last quarter. Steph & Co. acquired a new position in Amazon.com during the first quarter valued at approximately $65,000. Finally, Advantage Trust Co bought a new stake in Amazon.com in the fourth quarter valued at approximately $68,000. Institutional investors and hedge funds own 72.20% of the company’s stock.

Amazon.com Stock Up 0.9 %

Amazon.com stock opened at $191.60 on Friday. Amazon.com, Inc. has a twelve month low of $118.35 and a twelve month high of $201.20. The stock has a market cap of $1.99 trillion, a P/E ratio of 53.67, a P/E/G ratio of 1.39 and a beta of 1.14. The company’s 50-day moving average price is $178.54 and its two-hundred day moving average price is $181.98. The company has a quick ratio of 0.88, a current ratio of 1.10 and a debt-to-equity ratio of 0.23.

Amazon.com (NASDAQ:AMZN) last announced its earnings results on Thursday, August 1st. The e-commerce giant reported $1.23 earnings per share for the quarter, topping analysts’ consensus estimates of $1.05 by $0.18. The company had revenue of $147.98 billion for 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%. As a group, analysts expect that Amazon.com, Inc. will post 4.86 EPS for the current year.

Insider Transactions at Amazon.com

In other Amazon.com news, VP Shelley Reynolds sold 3,791 shares of the business’s stock in a transaction dated 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 sale, the vice president now owns 121,461 shares of the company’s stock, valued at approximately $21,989,299.44. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. In related news, insider Jeffrey P. Bezos sold 3,085,116 shares of the firm’s stock in a transaction on Friday, July 5th. The stock was sold at an average price of $200.07, for a total value of $617,239,158.12. Following the transaction, the insider now owns 931,925,277 shares in the company, valued at $186,450,290,169.39. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, VP Shelley Reynolds sold 3,791 shares of the business’s stock in a transaction dated 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 directly owns 121,461 shares of the company’s stock, valued at approximately $21,989,299.44. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 6,104,317 shares of company stock valued at $1,220,621,322. 10.80% of the stock is currently owned by corporate insiders.

Wall Street Analyst Weigh In

AMZN has been the topic of a number of recent analyst reports. Piper Sandler reduced their price target on shares of Amazon.com from $220.00 to $215.00 and set an “overweight” rating on the stock in a research report on Friday, August 2nd. Benchmark reissued a “buy” rating and issued a $200.00 target price on shares of Amazon.com in a research note on Friday, August 2nd. Tigress Financial raised their price target on Amazon.com from $210.00 to $245.00 and gave the stock a “buy” rating in a research report on Thursday, May 30th. Wells Fargo & Company decreased their price objective on Amazon.com from $232.00 to $225.00 and set an “overweight” rating for the company in a research report on Monday, August 26th. Finally, JMP Securities increased their target price on Amazon.com from $245.00 to $265.00 and gave the stock a “market outperform” rating in a research note on Tuesday, September 3rd. One investment analyst has rated the stock with a hold rating, forty have given a buy rating and two have given a strong buy rating to the company. According to MarketBeat.com, the company currently has a consensus rating of “Buy” and an average target price of $222.84.

About Amazon.com

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.