BlueSky Wealth Advisors LLC Raises Holdings in Amazon.com, Inc. (NASDAQ:AMZN)

BlueSky Wealth Advisors LLC grew its position in shares of Amazon.com, Inc. (NASDAQ:AMZN - Free Report) by 871.2% in the 2nd quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 25,785 shares of the e-commerce giant's stock after purchasing an additional 23,130 shares during the quarter. Amazon.com comprises approximately 0.8% of BlueSky Wealth Advisors LLC's investment portfolio, making the stock its 25th largest position. BlueSky Wealth Advisors LLC's holdings in Amazon.com were worth $4,983,000 at the end of the most recent reporting period.

Other hedge funds have also recently added to or reduced their stakes in the company. Westside Investment Management Inc. increased its stake in shares of Amazon.com by 0.8% in the 2nd quarter. Westside Investment Management Inc. now owns 53,444 shares of the e-commerce giant's stock valued at $10,318,000 after acquiring an additional 405 shares in the last quarter. Shulman DeMeo Asset Management LLC increased its stake in shares of Amazon.com by 1.4% in the 2nd quarter. Shulman DeMeo Asset Management LLC now owns 4,307 shares of the e-commerce giant's stock valued at $832,000 after acquiring an additional 59 shares in the last quarter. Whitener Capital Management Inc. increased its stake in shares of Amazon.com by 2.6% in the 2nd quarter. Whitener Capital Management Inc. now owns 79,606 shares of the e-commerce giant's stock valued at $15,384,000 after acquiring an additional 2,026 shares in the last quarter. SOA Wealth Advisors LLC. increased its stake in shares of Amazon.com by 1.0% in the 2nd quarter. SOA Wealth Advisors LLC. now owns 66,900 shares of the e-commerce giant's stock valued at $12,928,000 after acquiring an additional 649 shares in the last quarter. Finally, DeDora Capital Inc. increased its stake in shares of Amazon.com by 0.6% in the 2nd quarter. DeDora Capital Inc. now owns 39,036 shares of the e-commerce giant's stock valued at $7,544,000 after acquiring an additional 238 shares in the last quarter. Institutional investors own 72.20% of the company's stock.

Amazon.com Stock Performance

NASDAQ AMZN traded up $6.38 during trading on Monday, hitting $178.50. 43,429,301 shares of the company's stock traded hands, compared to its average volume of 42,637,758. The business has a 50 day moving average of $182.68 and a 200-day moving average of $181.15. Amazon.com, Inc. has a 12-month low of $118.35 and a 12-month high of $201.20. The stock has a market capitalization of $1.86 trillion, a price-to-earnings ratio of 50.00, a PEG ratio of 1.34 and a beta of 1.15. 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 - Get Free Report) last announced its quarterly earnings results on Thursday, August 1st. The e-commerce giant reported $1.23 earnings per share for the quarter, beating the consensus estimate of $1.05 by $0.18. Amazon.com had a return on equity of 21.39% and a net margin of 7.35%. The firm had revenue of $147.98 billion for the quarter, compared to analysts' expectations of $148.63 billion. As a group, equities research analysts anticipate that Amazon.com, Inc. will post 4.86 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

Several research firms have recently weighed in on AMZN. Wells Fargo & Company lowered their price objective on shares of Amazon.com from $232.00 to $225.00 and set an "overweight" rating for the company in a research note on Monday, August 26th. Royal Bank of Canada restated an "outperform" rating and set a $215.00 price target on shares of Amazon.com in a research note on Friday, August 2nd. Morgan Stanley decreased their price target on shares of Amazon.com from $240.00 to $210.00 and set an "overweight" rating for the company in a research note on Tuesday, August 6th. The Goldman Sachs Group decreased their price target on shares of Amazon.com from $250.00 to $230.00 and set a "buy" rating for the company in a research note on Friday, August 2nd. Finally, Needham & Company LLC boosted their price target on shares of Amazon.com from $205.00 to $210.00 and gave the company a "buy" rating in a research note on Wednesday, July 17th. One investment analyst has rated the stock with a hold rating, forty have given a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat, Amazon.com presently has an average rating of "Buy" and an average target price of $221.36.

Insider Activity

In other news, CEO Andrew R. Jassy sold 20,784 shares of the company's stock in a transaction dated Wednesday, August 21st. The stock was sold at an average price of $180.77, for a total transaction of $3,757,123.68. Following the sale, the chief executive officer now directly owns 2,056,534 shares in the company, valued at $371,759,651.18. The sale was disclosed in a document filed with the SEC, which is available at this link. In related news, CEO Andrew R. Jassy sold 20,784 shares of the company's stock in a transaction that occurred 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 transaction, the chief executive officer now directly owns 2,056,534 shares in the company, valued at $371,759,651.18. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, CEO Douglas J. Herrington sold 3,500 shares of the company's stock in a transaction that occurred on Monday, July 1st. The stock was sold at an average price of $195.99, for a total transaction of $685,965.00. Following the completion of the transaction, the chief executive officer now owns 519,753 shares in the company, valued at $101,866,390.47. The disclosure for this sale can be found here. Insiders have sold a total of 6,104,317 shares of company stock worth $1,220,621,322 over the last ninety days. Company 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.