Amazon.com, Inc. (NASDAQ:AMZN) Shares Purchased by Rainey & Randall Wealth Advisors Inc.

Key Points

• Rainey & Randall Wealth Advisors Inc. increased its stake in Amazon.com by 156.5%, acquiring a total of 5,548 shares worth approximately $1.06 million.
• Multiple institutional investors have boosted their holdings in Amazon, with Vanguard Group Inc. owning 823 million shares valued at around $180.6 billion.
• Amazon reported earnings of $1.68 EPS for the last quarter, exceeding the consensus estimate by $0.37, and showed a revenue increase of 13.3% year-over-year.

Rainey & Randall Wealth Advisors Inc. increased its holdings in Amazon.com, Inc. (NASDAQ:AMZN - Free Report) by 156.5% during the first quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 5,548 shares of the e-commerce giant's stock after purchasing an additional 3,385 shares during the quarter. Amazon.com accounts for 0.2% of Rainey & Randall Wealth Advisors Inc.'s investment portfolio, making the stock its 26th biggest position. Rainey & Randall Wealth Advisors Inc.'s holdings in Amazon.com were worth $1,056,000 as of its most recent SEC filing.

A number of other large investors also recently added to or reduced their stakes in the business. Prudent Man Investment Management Inc. purchased a new position in shares of Amazon.com in the fourth quarter valued at about $27,000. LSV Asset Management purchased a new position in shares of Amazon.com in the fourth quarter valued at about $35,000. Perritt Capital Management Inc increased its position in shares of Amazon.com by 72.7% in the fourth quarter. Perritt Capital Management Inc now owns 190 shares of the e-commerce giant's stock valued at $42,000 after acquiring an additional 80 shares during the period. Cooksen Wealth LLC purchased a new position in shares of Amazon.com in the first quarter valued at about $36,000. Finally, Inlight Wealth Management LLC purchased a new position in shares of Amazon.com in the first quarter valued at about $40,000. Hedge funds and other institutional investors own 72.20% of the company's stock.

Amazon.com Stock Up 0.1%

Shares of AMZN traded up $0.17 during mid-day trading on Tuesday, hitting $221.47. The company's stock had a trading volume of 37,075,084 shares, compared to its average volume of 44,927,371. The company's 50-day moving average is $219.94 and its 200-day moving average is $208.52. Amazon.com, Inc. has a 52-week low of $161.38 and a 52-week high of $242.52. The firm has a market capitalization of $2.36 trillion, a price-to-earnings ratio of 33.76, a PEG ratio of 1.50 and a beta of 1.31. The company has a current ratio of 1.02, a quick ratio of 0.81 and a debt-to-equity ratio of 0.15.

Amazon.com (NASDAQ:AMZN - Get Free Report) last announced its quarterly earnings results on Thursday, July 31st. The e-commerce giant reported $1.68 earnings per share for the quarter, topping the consensus estimate of $1.31 by $0.37. Amazon.com had a net margin of 10.54% and a return on equity of 23.84%. The firm had revenue of $167.70 billion during the quarter, compared to analysts' expectations of $161.80 billion. During the same quarter in the prior year, the company earned $1.26 EPS. The company's revenue was up 13.3% compared to the same quarter last year. On average, equities research analysts forecast that Amazon.com, Inc. will post 6.31 EPS for the current fiscal year.

Insider Activity at Amazon.com

In other Amazon.com news, CEO Douglas J. Herrington sold 2,500 shares of the firm's stock in a transaction that occurred on Friday, August 1st. The shares were sold at an average price of $217.00, for a total value of $542,500.00. Following the completion of the sale, the chief executive officer directly owned 512,050 shares in the company, valued at $111,114,850. This trade represents a 0.49% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, insider Jeffrey P. Bezos sold 2,643,142 shares of the firm's stock in a transaction that occurred on Thursday, July 24th. The shares were sold at an average price of $230.43, for a total transaction of $609,059,211.06. Following the completion of the sale, the insider owned 883,779,901 shares of the company's stock, valued at approximately $203,649,402,587.43. This trade represents a 0.30% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 25,101,037 shares of company stock valued at $5,674,726,368. 10.80% of the stock is owned by insiders.

Analysts Set New Price Targets

A number of equities analysts have issued reports on AMZN shares. Wall Street Zen upgraded shares of Amazon.com from a "hold" rating to a "buy" rating in a research report on Saturday, August 2nd. Truist Financial boosted their price target on shares of Amazon.com from $226.00 to $250.00 and gave the company a "buy" rating in a research report on Wednesday, July 2nd. DA Davidson boosted their price target on shares of Amazon.com from $230.00 to $265.00 and gave the company a "buy" rating in a research report on Friday, August 1st. Evercore ISI reduced their price target on shares of Amazon.com from $270.00 to $260.00 and set an "outperform" rating on the stock in a research report on Friday, May 2nd. Finally, Moffett Nathanson boosted their price target on shares of Amazon.com from $250.00 to $253.00 and gave the company a "buy" rating in a research report on Tuesday, June 24th. One equities research analyst has rated the stock with a hold rating, forty-seven have assigned a buy rating and two have issued a strong buy rating to the company. According to data from MarketBeat.com, the stock has a consensus rating of "Buy" and a consensus target price of $262.45.

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.