Atomi Financial Group Inc. Acquires 3,397 Shares of Amazon.com, Inc. (NASDAQ:AMZN)

Atomi Financial Group Inc. grew its holdings in shares of Amazon.com, Inc. (NASDAQ:AMZN) by 37.8% in the 2nd quarter, according to its most recent disclosure with the SEC. The fund owned 12,388 shares of the e-commerce giant’s stock after acquiring an additional 3,397 shares during the period. Amazon.com comprises 0.7% of Atomi Financial Group Inc.’s holdings, making the stock its 24th largest holding. Atomi Financial Group Inc.’s holdings in Amazon.com were worth $1,615,000 as of its most recent SEC filing.

Several other large investors have also recently modified their holdings of the business. SP Asset Management LLC raised its stake 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 during the last quarter. Corundum Trust Company INC bought a new position in shares of Amazon.com during the second quarter valued at $267,000. Larson Financial Group LLC raised its stake in Amazon.com by 76.1% during the second quarter. Larson Financial Group LLC now owns 66,003 shares of the e-commerce giant’s stock worth $8,604,000 after buying an additional 28,512 shares during the last quarter. PFG Investments LLC raised its stake in Amazon.com by 8.3% during the second quarter. PFG Investments LLC now owns 66,092 shares of the e-commerce giant’s stock worth $8,616,000 after buying an additional 5,053 shares during the last quarter. Finally, SPC Financial Inc. raised its stake in Amazon.com by 13.4% during the second quarter. SPC Financial Inc. now owns 15,608 shares of the e-commerce giant’s stock worth $2,035,000 after buying an additional 1,849 shares during the last quarter. Institutional investors own 57.96% of the company’s stock.

Insiders Place Their Bets

In other Amazon.com news, CEO Adam Selipsky sold 500 shares of Amazon.com stock in a transaction dated Wednesday, September 20th. The shares were sold at an average price of $138.48, for a total value of $69,240.00. Following the sale, the chief executive officer now owns 106,520 shares of the company’s stock, valued at $14,750,889.60. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. In other news, CEO Adam Selipsky sold 500 shares of the business’s stock in a transaction that occurred on Wednesday, September 20th. The shares were sold at an average price of $138.48, for a total value of $69,240.00. Following the sale, the chief executive officer now owns 106,520 shares of the company’s stock, valued at $14,750,889.60. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Also, CEO Douglas J. Herrington sold 4,000 shares of the business’s stock in a transaction that occurred on Monday, October 2nd. The shares were sold at an average price of $127.20, for a total transaction of $508,800.00. Following the completion of the sale, the chief executive officer now directly owns 522,316 shares in the company, valued at approximately $66,438,595.20. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 122,845 shares of company stock valued at $17,035,294. Company insiders own 12.30% of the company’s stock.

Amazon.com Stock Performance

Shares of AMZN stock opened at $145.18 on Friday. The firm 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. The company has a debt-to-equity ratio of 0.33, a quick ratio of 0.74 and a current ratio of 0.98. Amazon.com, Inc. has a 52 week low of $81.43 and a 52 week high of $147.29. The firm’s 50-day simple moving average is $133.72 and its two-hundred day simple moving average is $129.41.

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

Analyst Upgrades and Downgrades

AMZN has been the subject of a number of analyst reports. Evercore ISI lifted their target price on shares of Amazon.com from $150.00 to $190.00 and gave the stock an “outperform” rating in a research note on Friday, August 4th. BNP Paribas raised shares of Amazon.com from an “underperform” rating to a “neutral” rating and set a $140.00 target price for the company in a research note on Friday, August 4th. Canaccord Genuity Group lifted their target price on shares of Amazon.com from $160.00 to $170.00 and gave the stock a “buy” rating in a research note on Friday, August 4th. Redburn Partners lifted their target price on shares of Amazon.com from $220.00 to $230.00 and gave the stock a “buy” rating in a research note on Friday, August 11th. Finally, Deutsche Bank Aktiengesellschaft reissued a “buy” rating and set a $175.00 target price on shares of Amazon.com in a research note on Tuesday, October 17th. Two analysts have rated the stock with a hold rating and forty-four have assigned a buy rating to the company’s stock. According to data from MarketBeat, Amazon.com presently has an average rating of “Moderate Buy” and an average price target of $168.93.

Amazon.com Company 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.