Atlas Private Wealth Advisors Buys 9,472 Shares of Amazon.com, Inc. (NASDAQ:AMZN)

Atlas Private Wealth Advisors raised its stake in Amazon.com, Inc. (NASDAQ:AMZN) by 100.4% in the 2nd quarter, HoldingsChannel.com reports. The firm owned 18,908 shares of the e-commerce giant’s stock after acquiring an additional 9,472 shares during the period. Atlas Private Wealth Advisors’ holdings in Amazon.com were worth $2,465,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also recently bought and sold shares of AMZN. Leonard Rickey Investment Advisors P.L.L.C. raised its holdings in shares of Amazon.com by 2.5% during the second quarter. Leonard Rickey Investment Advisors P.L.L.C. now owns 11,645 shares of the e-commerce giant’s stock valued at $1,518,000 after acquiring an additional 288 shares in the last quarter. ANTIPODES PARTNERS Ltd bought a new position in shares of Amazon.com during the second quarter valued at approximately $123,733,000. Meitav Investment House Ltd. raised its holdings in shares of Amazon.com by 3.3% during the second quarter. Meitav Investment House Ltd. now owns 636,652 shares of the e-commerce giant’s stock valued at $81,543,000 after acquiring an additional 20,574 shares in the last quarter. SP Asset Management LLC raised its holdings in shares of Amazon.com by 2.6% during the second quarter. SP Asset Management LLC now owns 129,316 shares of the e-commerce giant’s stock valued at $16,858,000 after acquiring an additional 3,293 shares in the last quarter. Finally, Golden State Equity Partners raised its holdings in shares of Amazon.com by 162.4% during the second quarter. Golden State Equity Partners now owns 47,315 shares of the e-commerce giant’s stock valued at $6,168,000 after acquiring an additional 29,281 shares in the last quarter. Institutional investors own 57.96% of the company’s stock.

Amazon.com Stock Up 1.6 %

AMZN stock opened at $145.18 on Monday. Amazon.com, Inc. has a fifty-two week low of $81.43 and a fifty-two week high of $147.29. The business’s 50-day moving average is $133.72 and its two-hundred day moving average is $129.77. The company has a debt-to-equity ratio of 0.33, a quick ratio of 0.74 and a current ratio of 0.98. The company has a market cap of $1.50 trillion, a price-to-earnings ratio of 75.22, a P/E/G ratio of 1.93 and a beta of 1.17.

Amazon.com (NASDAQ:AMZN) last posted its earnings results on Thursday, October 26th. The e-commerce giant reported $0.85 earnings per share for the quarter, beating analysts’ consensus estimates of $0.58 by $0.27. Amazon.com had a return on equity of 12.75% and a net margin of 3.62%. The company had revenue of $143.08 billion for the quarter, compared to the consensus estimate of $141.53 billion. As a group, analysts forecast that Amazon.com, Inc. will post 2.6 earnings per share for the current year.

Insider Transactions at Amazon.com

In other news, SVP David Zapolsky sold 42,816 shares of the firm’s stock in a transaction dated Thursday, September 14th. The stock was sold at an average price of $145.13, for a total value of $6,213,886.08. Following the transaction, the senior vice president now owns 64,380 shares of the company’s stock, valued at $9,343,469.40. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. In other news, CEO Douglas J. Herrington sold 4,000 shares of the firm’s stock in a transaction dated Friday, September 1st. The stock was sold at an average price of $139.48, for a total value of $557,920.00. Following the transaction, the chief executive officer now owns 526,316 shares of the company’s stock, valued at $73,410,555.68. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, SVP David Zapolsky sold 42,816 shares of the firm’s stock in a transaction dated Thursday, September 14th. The stock was sold at an average price of $145.13, for a total value of $6,213,886.08. Following the completion of the transaction, the senior vice president now directly owns 64,380 shares in the company, valued at approximately $9,343,469.40. The disclosure for this sale can be found here. Insiders have sold 67,572 shares of company stock valued at $9,639,169 over the last quarter. 12.30% of the stock is currently owned by company insiders.

Wall Street Analysts Forecast Growth

A number of equities analysts recently commented on the company. Truist Financial decreased their target price on Amazon.com from $176.00 to $174.00 and set a “buy” rating for the company in a report on Tuesday, October 17th. BNP Paribas raised Amazon.com from an “underperform” rating to a “neutral” rating and set a $140.00 price target on the stock in a research note on Friday, August 4th. Susquehanna upped their price target on Amazon.com from $150.00 to $185.00 and gave the stock a “positive” rating in a research note on Friday, August 4th. Mizuho reaffirmed a “buy” rating and issued a $180.00 price target on shares of Amazon.com in a research note on Wednesday, September 27th. Finally, Wells Fargo & Company reaffirmed an “overweight” rating and issued a $165.00 price target on shares of Amazon.com in a research note on Tuesday, October 10th. One analyst has rated the stock with a hold rating and forty-four have given a buy rating to the stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $168.93.

Amazon.com Profile

Amazon.com, Inc engages in the retail sale of consumer products and subscriptions through online and physical stores in North America and internationally. It operates through three segments: North America, International, and Amazon Web Services (AWS). The company's products offered through its stores include merchandise and content purchased for resale; and products offered by third-party sellers.