2,786 Shares in Amazon.com, Inc. (NASDAQ:AMZN) Purchased by AF Advisors Inc.

AF Advisors Inc. acquired a new position in shares of Amazon.com, Inc. (NASDAQ:AMZN) in the first quarter, Holdings Channel.com reports. The institutional investor acquired 2,786 shares of the e-commerce giant’s stock, valued at approximately $288,000. Amazon.com makes up about 0.1% of AF Advisors Inc.’s holdings, making the stock its 12th biggest holding.

Other hedge funds have also added to or reduced their stakes in the company. USAdvisors Wealth Management LLC boosted its stake in Amazon.com by 12.5% in the 4th quarter. USAdvisors Wealth Management LLC now owns 3,242 shares of the e-commerce giant’s stock worth $272,000 after purchasing an additional 359 shares during the period. McGlone Suttner Wealth Management Inc. purchased a new stake in shares of Amazon.com in the fourth quarter worth about $426,000. Veritas Asset Management LLP boosted its position in shares of Amazon.com by 19.6% in the fourth quarter. Veritas Asset Management LLP now owns 7,868,621 shares of the e-commerce giant’s stock valued at $660,964,000 after acquiring an additional 1,286,797 shares during the period. Mayfair Advisory Group LLC grew its stake in Amazon.com by 12.0% during the first quarter. Mayfair Advisory Group LLC now owns 4,561 shares of the e-commerce giant’s stock valued at $468,000 after acquiring an additional 488 shares in the last quarter. Finally, Little House Capital LLC increased its holdings in Amazon.com by 6.3% during the 1st quarter. Little House Capital LLC now owns 37,942 shares of the e-commerce giant’s stock worth $3,919,000 after acquiring an additional 2,251 shares during the period. Institutional investors own 57.96% of the company’s stock.

Insider Activity

In related news, CEO Adam Selipsky sold 500 shares of Amazon.com stock in a transaction on Wednesday, June 21st. The stock was sold at an average price of $125.07, for a total transaction of $62,535.00. Following the transaction, the chief executive officer now directly owns 151,780 shares in the company, valued at $18,983,124.60. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. In related news, VP Shelley Reynolds sold 3,100 shares of the stock in a transaction that occurred on Monday, August 21st. The shares were sold at an average price of $133.87, for a total value of $414,997.00. Following the completion of the sale, the vice president now directly owns 119,780 shares of the company’s stock, valued at approximately $16,034,948.60. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, CEO Adam Selipsky sold 500 shares of Amazon.com stock in a transaction that occurred on Wednesday, June 21st. The shares were sold at an average price of $125.07, for a total transaction of $62,535.00. Following the transaction, the chief executive officer now directly owns 151,780 shares in the company, valued at approximately $18,983,124.60. The disclosure for this sale can be found here. Insiders sold a total of 1,365,829 shares of company stock valued at $49,002,857 in the last 90 days. Company insiders own 12.30% of the company’s stock.

Amazon.com Price Performance

AMZN opened at $137.85 on Friday. The company’s 50-day simple moving average is $133.60 and its two-hundred day simple moving average is $117.10. The stock has a market capitalization of $1.42 trillion, a P/E ratio of 108.54, a P/E/G ratio of 1.82 and a beta of 1.24. The company has a debt-to-equity ratio of 0.37, a quick ratio of 0.70 and a current ratio of 0.95. Amazon.com, Inc. has a 52-week low of $81.43 and a 52-week high of $143.63.

Amazon.com (NASDAQ:AMZN) last posted its quarterly earnings data on Thursday, August 3rd. The e-commerce giant reported $0.63 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.34 by $0.29. Amazon.com had a net margin of 2.43% and a return on equity of 9.14%. The company had revenue of $134.38 billion for the quarter, compared to the consensus estimate of $131.54 billion. As a group, analysts predict that Amazon.com, Inc. will post 2.23 EPS for the current year.

Analyst Upgrades and Downgrades

Several research analysts have commented on AMZN shares. Loop Capital raised their price target on shares of Amazon.com from $180.00 to $200.00 and gave the company a “buy” rating in a report on Wednesday, August 23rd. Stifel Nicolaus boosted their target price on Amazon.com from $101.00 to $115.00 and gave the stock a “buy” rating in a research report on Friday, August 4th. TD Cowen raised their price target on Amazon.com from $150.00 to $165.00 and gave the company an “outperform” rating in a report on Friday, August 4th. Benchmark boosted their price objective on Amazon.com from $130.00 to $170.00 and gave the stock a “buy” rating in a report on Friday, August 4th. Finally, CICC Research started coverage on shares of Amazon.com in a research note on Sunday, July 9th. They issued an “outperform” rating on the stock. Three research analysts have rated the stock with a hold rating and forty-seven have issued a buy rating to the company. Based on data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average price target of $160.87.

About Amazon.com

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.