Amazon.com, Inc. (NASDAQ:AMZN) Holdings Increased by GPS Wealth Strategies Group LLC

GPS Wealth Strategies Group LLC lifted its stake in shares of Amazon.com, Inc. (NASDAQ:AMZN - Free Report) by 4.8% during the 2nd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 97,632 shares of the e-commerce giant's stock after acquiring an additional 4,450 shares during the period. Amazon.com accounts for approximately 2.8% of GPS Wealth Strategies Group LLC's portfolio, making the stock its 8th biggest position. GPS Wealth Strategies Group LLC's holdings in Amazon.com were worth $18,867,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently modified their holdings of AMZN. Garrison Point Advisors LLC increased its position in shares of Amazon.com by 0.3% during the 1st quarter. Garrison Point Advisors LLC now owns 20,375 shares of the e-commerce giant's stock worth $3,675,000 after purchasing an additional 55 shares during the last quarter. Ridgecrest Wealth Partners LLC raised its position in Amazon.com by 0.7% during the first quarter. Ridgecrest Wealth Partners LLC now owns 7,755 shares of the e-commerce giant's stock worth $1,399,000 after acquiring an additional 56 shares in the last quarter. Stordahl Capital Management Inc. raised its position in Amazon.com by 2.1% during the first quarter. Stordahl Capital Management Inc. now owns 2,763 shares of the e-commerce giant's stock worth $498,000 after acquiring an additional 56 shares in the last quarter. Lutz Financial Services LLC lifted its stake in Amazon.com by 1.9% in the first quarter. Lutz Financial Services LLC now owns 3,053 shares of the e-commerce giant's stock valued at $551,000 after acquiring an additional 57 shares during the last quarter. Finally, O Dell Group LLC grew its position in shares of Amazon.com by 0.4% in the 1st quarter. O Dell Group LLC now owns 13,638 shares of the e-commerce giant's stock valued at $2,460,000 after acquiring an additional 57 shares during the period. Institutional investors and hedge funds own 72.20% of the company's stock.

Amazon.com Trading Up 3.7 %

Shares of Amazon.com stock traded up $6.38 during midday trading on Friday, reaching $178.50. The company had a trading volume of 43,378,623 shares, compared to its average volume of 42,637,316. The firm has a market cap of $1.86 trillion, a PE ratio of 50.00, a P/E/G ratio of 1.32 and a beta of 1.15. The stock has a fifty day moving average price of $182.90 and a 200 day moving average price of $180.95. The company has a debt-to-equity ratio of 0.27, a current ratio of 1.07 and a quick ratio of 0.87. Amazon.com, Inc. has a fifty-two week low of $118.35 and a fifty-two week high of $201.20.

Amazon.com (NASDAQ:AMZN - Get Free Report) last posted 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 net margin of 7.35% and a return on equity of 22.35%. The company had revenue of $147.98 billion for the quarter, compared to analyst estimates of $148.63 billion. On average, equities analysts anticipate that Amazon.com, Inc. will post 4.73 earnings per share for the current year.

Wall Street Analyst Weigh In

Several equities research analysts recently issued reports on AMZN shares. Argus raised their target price on shares of Amazon.com from $185.00 to $205.00 and gave the company a "buy" rating in a research note on Thursday, May 2nd. Royal Bank of Canada reiterated an "outperform" rating and set a $215.00 target price on shares of Amazon.com in a research note on Friday, August 2nd. Sanford C. Bernstein boosted their target price on Amazon.com from $210.00 to $215.00 and gave the stock an "outperform" rating in a report on Monday, July 22nd. TD Cowen raised their price target on Amazon.com from $225.00 to $245.00 and gave the company a "buy" rating in a report on Wednesday, July 10th. Finally, Itau BBA Securities downgraded shares of Amazon.com from an "outperform" rating to a "market perform" rating and set a $186.00 price objective on the stock. in a report on Friday, August 2nd. One equities research analyst has rated the stock with a hold rating, forty have given a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat.com, the company presently has an average rating of "Buy" and a consensus price target of $221.36.

Insider Transactions at Amazon.com

In other Amazon.com news, VP Shelley Reynolds sold 3,791 shares of Amazon.com stock in a transaction that occurred 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 completion of the sale, the vice president now directly owns 121,461 shares in the company, valued at $21,989,299.44. The sale was disclosed in a filing with the SEC, which is available at the SEC website. In related news, VP Shelley Reynolds sold 3,791 shares of the company's stock in a transaction that occurred on Wednesday, August 21st. The stock was 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 of the company's stock, valued at approximately $21,989,299.44. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. Also, CEO Douglas J. Herrington sold 3,500 shares of the business's stock in a transaction that occurred on Monday, June 3rd. The shares were sold at an average price of $177.29, for a total value of $620,515.00. Following the sale, the chief executive officer now owns 523,253 shares of the company's stock, valued at approximately $92,767,524.37. The disclosure for this sale can be found here. In the last ninety days, insiders sold 6,107,817 shares of company stock valued at $1,221,241,837. Corporate insiders own 10.80% of the company's stock.

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.