Semmax Financial Advisors Inc. Buys 1,300 Shares of Amazon.com, Inc. (NASDAQ:AMZN)

Semmax Financial Advisors Inc. increased its position in Amazon.com, Inc. (NASDAQ:AMZN) by 6.2% in the second quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 22,115 shares of the e-commerce giant’s stock after acquiring an additional 1,300 shares during the period. Amazon.com comprises approximately 1.3% of Semmax Financial Advisors Inc.’s holdings, making the stock its 22nd largest position. Semmax Financial Advisors Inc.’s holdings in Amazon.com were worth $4,274,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. PayPay Securities Corp increased its position in shares of Amazon.com by 64.6% during the 2nd 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 raised 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. Steph & Co. purchased a new stake in shares of Amazon.com in the first quarter worth about $65,000. Koesten Hirschmann & Crabtree INC. bought a new position in shares of Amazon.com in the 1st quarter valued at about $69,000. Finally, Innealta Capital LLC purchased a new position in Amazon.com during the second quarter worth $77,000. 72.20% of the stock is owned by institutional investors.

Insider Transactions at Amazon.com

In related news, CEO Andrew R. Jassy sold 20,784 shares of the business’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 completion of the transaction, the chief executive officer now owns 2,056,534 shares in the company, valued at approximately $371,759,651.18. The trade was a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. In other Amazon.com news, CEO Andrew R. Jassy sold 20,784 shares of the company’s stock in a transaction on Wednesday, August 21st. The shares were sold at an average price of $180.77, for a total value of $3,757,123.68. Following the completion of the transaction, the chief executive officer now owns 2,056,534 shares in the company, valued at $371,759,651.18. This represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, SVP David Zapolsky sold 2,190 shares of Amazon.com stock in a transaction 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 $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 ninety days, insiders sold 54,355 shares of company stock valued at $9,877,423. 10.80% of the stock is currently owned by corporate insiders.

Amazon.com Stock Down 2.6 %

Shares of NASDAQ AMZN opened at $184.71 on Thursday. 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 firm has a market cap of $1.92 trillion, a price-to-earnings ratio of 51.74, a PEG ratio of 1.38 and a beta of 1.14. Amazon.com, Inc. has a 52-week low of $118.35 and a 52-week high of $201.20. The business’s 50 day moving average is $183.11 and its two-hundred day moving average is $183.54.

Amazon.com (NASDAQ:AMZN) last released its earnings results on Thursday, August 1st. The e-commerce giant reported $1.23 earnings per share (EPS) 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 net margin of 7.35% and a return on equity of 21.39%. Research analysts predict that Amazon.com, Inc. will post 4.85 EPS for the current year.

Analyst Ratings Changes

A number of equities analysts have recently commented on AMZN shares. Needham & Company LLC reaffirmed a “buy” rating and set a $210.00 target price on shares of Amazon.com in a research report on Thursday, September 12th. Barclays upped their price target on shares of Amazon.com from $220.00 to $235.00 and gave the company an “overweight” rating in a research note on Friday, August 2nd. Jefferies Financial Group reduced their price target on shares of Amazon.com from $235.00 to $225.00 and set a “buy” rating for the company in a research report on Friday, August 2nd. Roth Mkm upped their price objective on Amazon.com from $210.00 to $215.00 and gave the stock a “buy” rating in a research report on Friday, August 2nd. Finally, Rosenblatt Securities increased their price target on Amazon.com from $220.00 to $221.00 and gave the stock a “buy” rating in a research report on Friday, August 2nd. Two investment analysts have rated the stock with a hold rating, forty-two have given 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 a consensus rating of “Moderate Buy” and a consensus price target of $236.78.

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.