Amazon.com, Inc. (NASDAQ:AMZN) Stock Position Lifted by Tennessee Valley Asset Management Partners

Tennessee Valley Asset Management Partners boosted its holdings in Amazon.com, Inc. (NASDAQ:AMZN) by 62.3% during the second quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 7,919 shares of the e-commerce giant’s stock after acquiring an additional 3,041 shares during the period. Tennessee Valley Asset Management Partners’ holdings in Amazon.com were worth $1,530,000 at the end of the most recent quarter.

A number of other large investors have also recently bought and sold shares of AMZN. Cooksen Wealth LLC bought a new position in Amazon.com in the 4th quarter valued at about $30,000. PayPay Securities Corp lifted its stake in Amazon.com by 64.6% during the second quarter. PayPay Securities Corp now owns 163 shares of the e-commerce giant’s stock valued at $32,000 after purchasing an additional 64 shares during the last quarter. Christopher J. Hasenberg Inc grew its position in Amazon.com by 650.0% in the second quarter. Christopher J. Hasenberg Inc now owns 300 shares of the e-commerce giant’s stock worth $58,000 after buying an additional 260 shares during the last quarter. Steph & Co. bought a new position in shares of Amazon.com in the first quarter valued at $65,000. Finally, Koesten Hirschmann & Crabtree INC. acquired a new stake in shares of Amazon.com during the first quarter worth $69,000. Institutional investors own 72.20% of the company’s stock.

Analyst Ratings Changes

Several analysts have issued reports on AMZN shares. Roth Mkm boosted their price objective on Amazon.com from $210.00 to $215.00 and gave the stock a “buy” rating in a report on Friday, August 2nd. Wolfe Research assumed coverage on shares of Amazon.com in a research report on Tuesday, July 16th. They issued an “outperform” rating and a $250.00 price target for the company. Robert W. Baird boosted their price target on shares of Amazon.com from $210.00 to $213.00 and gave the company an “outperform” rating in a report on Friday, June 21st. Needham & Company LLC reissued a “buy” rating and set a $210.00 price objective on shares of Amazon.com in a research report on Thursday, September 12th. Finally, Scotiabank assumed coverage on Amazon.com in a report on Friday, October 11th. They issued a “sector outperform” rating and a $245.00 price objective on the stock. Two research analysts have rated the stock with a hold rating, forty-two have issued a buy rating and one has assigned a strong buy rating to the company’s stock. Based on data from MarketBeat, the stock has an average rating of “Moderate Buy” and an average target price of $224.00.

Amazon.com Stock Performance

NASDAQ AMZN opened at $187.69 on Wednesday. Amazon.com, Inc. has a 1 year low of $118.35 and a 1 year high of $201.20. The firm’s 50 day simple moving average is $180.63 and its 200 day simple moving average is $183.30. The company has a current ratio of 1.10, a quick ratio of 0.88 and a debt-to-equity ratio of 0.23. The firm has a market capitalization of $1.95 trillion, a price-to-earnings ratio of 52.57, a P/E/G ratio of 1.38 and a beta of 1.14.

Amazon.com (NASDAQ:AMZN) last announced its quarterly earnings results on Thursday, August 1st. The e-commerce giant reported $1.23 earnings per share (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 the consensus estimate of $148.63 billion. Amazon.com had a net margin of 7.35% and a return on equity of 21.39%. As a group, research analysts expect that Amazon.com, Inc. will post 4.85 earnings per share for the current fiscal year.

Insider Buying and Selling

In other Amazon.com news, VP Shelley Reynolds sold 3,791 shares of the stock in a transaction dated Wednesday, August 21st. The stock was sold at an average price of $181.04, for a total transaction of $686,322.64. Following the completion of the sale, the vice president now directly owns 121,461 shares in the company, valued at approximately $21,989,299.44. This trade represents a 0.00 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. In related news, SVP David Zapolsky sold 2,190 shares of the firm’s stock in a transaction dated 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 approximately $12,171,900. This trade represents a 0.00 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, VP Shelley Reynolds sold 3,791 shares of the company’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 owns 121,461 shares of the company’s stock, valued at $21,989,299.44. This trade represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 54,355 shares of company stock valued at $9,877,423 over the last ninety days. 10.80% of the stock is owned by company insiders.

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.