Addison Advisors LLC Purchases 454 Shares of Amazon.com, Inc. (NASDAQ:AMZN)

Addison Advisors LLC increased its holdings in Amazon.com, Inc. (NASDAQ:AMZN) by 7.8% in the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 6,252 shares of the e-commerce giant’s stock after acquiring an additional 454 shares during the period. Addison Advisors LLC’s holdings in Amazon.com were worth $1,208,000 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently modified their holdings of the company. Vanguard Group Inc. grew its stake in Amazon.com by 1.9% in the 1st quarter. Vanguard Group Inc. now owns 785,811,114 shares of the e-commerce giant’s stock valued at $141,744,609,000 after purchasing an additional 14,724,687 shares during the period. Capital Research Global Investors boosted its holdings in shares of Amazon.com by 8.5% in the 1st quarter. Capital Research Global Investors now owns 86,982,857 shares of the e-commerce giant’s stock worth $15,689,968,000 after buying an additional 6,810,145 shares during the last quarter. Bank of New York Mellon Corp grew its position in Amazon.com by 0.4% during the second quarter. Bank of New York Mellon Corp now owns 67,745,972 shares of the e-commerce giant’s stock valued at $13,091,909,000 after buying an additional 289,532 shares during the period. Jennison Associates LLC increased its holdings in Amazon.com by 0.5% during the first quarter. Jennison Associates LLC now owns 56,666,183 shares of the e-commerce giant’s stock worth $10,221,446,000 after buying an additional 295,132 shares during the last quarter. Finally, Capital International Investors raised its position in Amazon.com by 7.4% in the first quarter. Capital International Investors now owns 42,370,172 shares of the e-commerce giant’s stock worth $7,642,732,000 after acquiring an additional 2,932,192 shares during the period. 72.20% of the stock is owned by hedge funds and other institutional investors.

Insiders Place Their Bets

In other news, SVP David Zapolsky sold 2,190 shares of Amazon.com 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 completion of the transaction, the senior vice president now directly owns 62,420 shares in the company, valued at approximately $12,171,900. This trade represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. In other Amazon.com news, VP Shelley Reynolds sold 3,791 shares of the business’s stock in a transaction on Wednesday, August 21st. The stock was sold at an average price of $181.04, for a total value of $686,322.64. Following the sale, the vice president now directly 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 legal filing with the SEC, which can be accessed through this link. Also, SVP David Zapolsky sold 2,190 shares of the firm’s stock in a transaction on Tuesday, September 24th. The shares were sold at an average price of $195.00, for a total value of $427,050.00. Following the transaction, the senior vice president now owns 62,420 shares of the company’s stock, valued at $12,171,900. The trade was a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 1,549,744 shares of company stock worth $309,400,324. 10.80% of the stock is currently owned by company insiders.

Analysts Set New Price Targets

A number of research analysts have recently weighed in on AMZN shares. Piper Sandler reduced their target price on shares of Amazon.com from $220.00 to $215.00 and set an “overweight” rating for the company in a research report on Friday, August 2nd. Bank of America reduced their price objective on Amazon.com from $220.00 to $210.00 and set a “buy” rating for the company in a report on Friday, August 2nd. The Goldman Sachs Group dropped their price target on Amazon.com from $250.00 to $230.00 and set a “buy” rating on the stock in a research report on Friday, August 2nd. Roth Mkm increased their price target on Amazon.com from $210.00 to $215.00 and gave the stock a “buy” rating in a research note on Friday, August 2nd. Finally, Wedbush restated an “outperform” rating and issued a $225.00 price objective on shares of Amazon.com in a research note on Friday, August 2nd. One investment analyst has rated the stock with a hold rating, forty-one have issued a buy rating and one has assigned a strong buy rating to the company’s stock. Based on data from MarketBeat.com, the company has an average rating of “Buy” and an average price target of $223.65.

Amazon.com Price Performance

Shares of AMZN stock opened at $186.51 on Friday. The business’s fifty day moving average is $179.17 and its 200 day moving average is $182.95. 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 stock has a market cap of $1.94 trillion, a price-to-earnings ratio of 52.24, a PEG ratio of 1.46 and a beta of 1.14. Amazon.com, Inc. has a twelve month low of $118.35 and a twelve month high of $201.20.

Amazon.com (NASDAQ:AMZN) last released 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 firm had revenue of $147.98 billion for the quarter, compared to the consensus estimate of $148.63 billion. Amazon.com had a net margin of 7.35% and a return on equity of 21.39%. Research analysts expect that Amazon.com, Inc. will post 4.86 EPS for the current fiscal year.

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.