Amazon.com, Inc. (NASDAQ:AMZN) Shares Acquired by Scientech Research LLC

Scientech Research LLC increased its holdings in Amazon.com, Inc. (NASDAQ:AMZN) by 176.0% during the second quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 12,454 shares of the e-commerce giant’s stock after acquiring an additional 7,941 shares during the quarter. Amazon.com makes up about 0.5% of Scientech Research LLC’s holdings, making the stock its 21st biggest position. Scientech Research LLC’s holdings in Amazon.com were worth $2,407,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also recently bought and sold shares of AMZN. PayPay Securities Corp lifted its position in Amazon.com by 64.6% during the 2nd quarter. PayPay Securities Corp now owns 163 shares of the e-commerce giant’s stock worth $32,000 after acquiring an additional 64 shares during the period. Christopher J. Hasenberg Inc increased its holdings in shares of Amazon.com by 650.0% in the second quarter. Christopher J. Hasenberg Inc now owns 300 shares of the e-commerce giant’s stock valued at $58,000 after purchasing an additional 260 shares during the period. Koesten Hirschmann & Crabtree INC. purchased a new stake in shares of Amazon.com during the first quarter worth approximately $69,000. Innealta Capital LLC acquired a new stake in shares of Amazon.com during the second quarter worth $77,000. Finally, Abich Financial Wealth Management LLC grew its position in Amazon.com by 84.7% in the 2nd quarter. Abich Financial Wealth Management LLC now owns 434 shares of the e-commerce giant’s stock valued at $84,000 after buying an additional 199 shares during the last quarter. Hedge funds and other institutional investors own 72.20% of the company’s stock.

Amazon.com Trading Up 0.8 %

Shares of AMZN opened at $187.83 on Friday. Amazon.com, Inc. has a fifty-two week low of $118.35 and a fifty-two week high of $201.20. The company has a market capitalization of $1.95 trillion, a PE ratio of 52.61, a price-to-earnings-growth ratio of 1.38 and a beta of 1.14. The stock has a fifty day moving average of $183.29 and a two-hundred day moving average of $183.56. 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 announced its quarterly earnings data on Thursday, August 1st. The e-commerce giant reported $1.23 EPS for the quarter, beating analysts’ consensus estimates of $1.05 by $0.18. Amazon.com had a return on equity of 21.39% and a net margin of 7.35%. The business had revenue of $147.98 billion during the quarter, compared to the consensus estimate of $148.63 billion. As a group, analysts forecast that Amazon.com, Inc. will post 4.85 EPS for the current year.

Insider Buying and Selling at Amazon.com

In other news, VP Shelley Reynolds sold 3,791 shares of the stock in a transaction dated Wednesday, August 21st. The shares were sold at an average price of $181.04, for a total transaction of $686,322.64. Following the transaction, the vice president now directly owns 121,461 shares in the company, valued at $21,989,299.44. This represents a 0.00 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available at this link. In other Amazon.com news, CFO Brian T. Olsavsky sold 14,600 shares of the business’s stock in a transaction dated Wednesday, August 21st. The stock was sold at an average price of $180.00, for a total transaction of $2,628,000.00. Following the completion of the sale, the chief financial officer now owns 49,000 shares of the company’s stock, valued at approximately $8,820,000. The trade was a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, VP Shelley Reynolds sold 3,791 shares of the company’s stock in a transaction dated 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 represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 54,355 shares of company stock worth $9,877,423 in the last 90 days. 10.80% of the stock is owned by company insiders.

Wall Street Analyst Weigh In

AMZN has been the subject of a number of analyst reports. Jefferies Financial Group cut their price objective 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. Stifel Nicolaus cut their price target on shares of Amazon.com from $228.00 to $224.00 and set a “buy” rating for the company in a report on Friday, August 2nd. Roth Mkm lifted their price objective on Amazon.com from $210.00 to $215.00 and gave the company a “buy” rating in a report on Friday, August 2nd. TD Cowen boosted their target price on Amazon.com from $225.00 to $245.00 and gave the stock a “buy” rating in a research report on Wednesday, July 10th. Finally, Wells Fargo & Company cut Amazon.com from an “overweight” rating to an “equal weight” rating and reduced their price target for the company from $225.00 to $183.00 in a report on Monday, October 7th. Two 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. According to MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average price target of $236.78.

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.