Regal Investment Advisors LLC Grows Position in Amazon.com, Inc. (NASDAQ:AMZN)

Regal Investment Advisors LLC grew its stake in shares of Amazon.com, Inc. (NASDAQ:AMZN) by 5.7% during the 2nd quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 76,021 shares of the e-commerce giant’s stock after purchasing an additional 4,092 shares during the period. Amazon.com makes up about 1.0% of Regal Investment Advisors LLC’s holdings, making the stock its 17th largest position. Regal Investment Advisors LLC’s holdings in Amazon.com were worth $14,691,000 as of its most recent filing with the SEC.

A number of other institutional investors and hedge funds have also made changes to their positions in the stock. Prentice Wealth Management LLC raised its stake in shares of Amazon.com by 4.6% during the 1st quarter. Prentice Wealth Management LLC now owns 9,856 shares of the e-commerce giant’s stock worth $1,778,000 after buying an additional 436 shares during the last quarter. Security National Bank increased its holdings in Amazon.com by 0.7% during the 1st quarter. Security National Bank now owns 73,164 shares of the e-commerce giant’s stock valued at $13,197,000 after acquiring an additional 533 shares in the last quarter. Arkfeld Wealth Strategies L.L.C. raised its position in Amazon.com by 3.5% during the first quarter. Arkfeld Wealth Strategies L.L.C. now owns 98,998 shares of the e-commerce giant’s stock worth $18,409,000 after acquiring an additional 3,376 shares during the last quarter. West Paces Advisors Inc. grew its position in shares of Amazon.com by 8.7% in the first quarter. West Paces Advisors Inc. now owns 9,485 shares of the e-commerce giant’s stock valued at $1,711,000 after purchasing an additional 758 shares during the last quarter. Finally, Ayalon Insurance Comp Ltd. increased its stake in shares of Amazon.com by 9.0% during the 1st quarter. Ayalon Insurance Comp Ltd. now owns 14,518 shares of the e-commerce giant’s stock worth $2,619,000 after purchasing an additional 1,198 shares in the last quarter. 72.20% of the stock is owned by institutional investors and hedge funds.

Amazon.com Stock Up 0.8 %

Shares of NASDAQ:AMZN opened at $187.83 on Monday. The company has a market capitalization of $1.95 trillion, a price-to-earnings ratio of 52.61, a price-to-earnings-growth ratio of 1.38 and a beta of 1.14. The company has a 50 day moving average of $183.50 and a two-hundred day moving average of $183.54. Amazon.com, Inc. has a 52-week low of $118.35 and a 52-week high of $201.20. 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 released its quarterly earnings results on Thursday, August 1st. The e-commerce giant reported $1.23 earnings per share for the quarter, beating analysts’ consensus estimates of $1.05 by $0.18. Amazon.com had a net margin of 7.35% and a return on equity of 21.39%. The business had revenue of $147.98 billion during the quarter, compared to analyst estimates of $148.63 billion. As a group, analysts forecast that Amazon.com, Inc. will post 4.85 earnings per share for the current fiscal year.

Analysts Set New Price Targets

AMZN has been the topic of a number of recent research reports. Wells Fargo & Company lowered Amazon.com from an “overweight” rating to an “equal weight” rating and reduced their target price for the company from $225.00 to $183.00 in a research note on Monday, October 7th. Stifel Nicolaus reduced their price objective on Amazon.com from $228.00 to $224.00 and set a “buy” rating on the stock in a research report on Friday, August 2nd. TD Securities lifted their price objective on Amazon.com from $225.00 to $245.00 in a research report on Wednesday, July 10th. Morgan Stanley restated an “overweight” rating and issued a $210.00 target price on shares of Amazon.com in a report on Thursday, October 3rd. Finally, Piper Sandler lowered their price target on shares of Amazon.com from $220.00 to $215.00 and set an “overweight” rating for the company in a report on Friday, August 2nd. Two investment 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. According to MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus target price of $236.78.

Insider Activity

In related news, CEO Douglas J. Herrington sold 3,500 shares of the business’s stock in a transaction dated Thursday, August 1st. The stock was sold at an average price of $189.25, for a total value of $662,375.00. Following the transaction, the chief executive officer now owns 503,753 shares in the company, valued at approximately $95,335,255.25. 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. In other news, SVP David Zapolsky sold 2,190 shares of the business’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 completion of the sale, the senior vice president now owns 62,420 shares of the company’s stock, valued at approximately $12,171,900. The trade was a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, CEO Douglas J. Herrington sold 3,500 shares of the company’s stock in a transaction dated Thursday, August 1st. The shares were sold at an average price of $189.25, for a total transaction of $662,375.00. Following the completion of the sale, the chief executive officer now owns 503,753 shares in the company, valued at approximately $95,335,255.25. This trade represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 54,355 shares of company stock worth $9,877,423 over the last ninety days. Corporate insiders own 10.80% of the company’s stock.

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.