PFG Investments LLC Buys 5,053 Shares of Amazon.com, Inc. (NASDAQ:AMZN)

PFG Investments LLC lifted its stake in shares of Amazon.com, Inc. (NASDAQ:AMZN) by 8.3% during the second quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 66,092 shares of the e-commerce giant’s stock after purchasing an additional 5,053 shares during the quarter. Amazon.com comprises about 1.5% of PFG Investments LLC’s investment portfolio, making the stock its 6th largest position. PFG Investments LLC’s holdings in Amazon.com were worth $8,616,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors and hedge funds have also made changes to their positions in the stock. Laurel Wealth Planning LLC boosted its position in shares of Amazon.com by 1,900.0% in the 2nd quarter. Laurel Wealth Planning LLC now owns 320 shares of the e-commerce giant’s stock worth $34,000 after buying an additional 304 shares in the last quarter. Sanctuary Wealth Management L.L.C. purchased a new stake in shares of Amazon.com in the 4th quarter worth about $37,000. Swaine & Leidel Wealth Services LLC purchased a new stake in shares of Amazon.com in the 1st quarter worth about $38,000. Atlantic Private Wealth LLC purchased a new stake in shares of Amazon.com in the 1st quarter worth about $43,000. Finally, Goodwin Investment Advisory boosted its position in shares of Amazon.com by 1,225.8% in the 2nd quarter. Goodwin Investment Advisory now owns 411 shares of the e-commerce giant’s stock worth $44,000 after buying an additional 380 shares in the last quarter. 57.96% of the stock is owned by institutional investors and hedge funds.

Insider Buying and Selling

In other Amazon.com news, CEO Andrew R. Jassy sold 21,933 shares of the firm’s stock in a transaction on Monday, August 21st. The stock was sold at an average price of $133.92, for a total value of $2,937,267.36. Following the sale, the chief executive officer now directly owns 2,030,868 shares in the company, valued at $271,973,842.56. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. In other Amazon.com news, CEO Andrew R. Jassy sold 21,933 shares of the firm’s stock in a transaction on Monday, August 21st. The stock was sold at an average price of $133.92, for a total value of $2,937,267.36. Following the sale, the chief executive officer now directly owns 2,030,868 shares in the company, valued at $271,973,842.56. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, SVP David Zapolsky sold 6,720 shares of the firm’s stock in a transaction on Monday, August 21st. The shares were sold at an average price of $133.87, for a total value of $899,606.40. Following the completion of the sale, the senior vice president now owns 107,196 shares in the company, valued at $14,350,328.52. The disclosure for this sale can be found here. Insiders have sold 122,845 shares of company stock worth $17,035,294 over the last ninety days. 12.30% of the stock is owned by insiders.

Amazon.com Stock Performance

Shares of AMZN opened at $145.18 on Friday. The business’s fifty day moving average price is $133.72 and its 200 day moving average price is $129.41. Amazon.com, Inc. has a 12-month low of $81.43 and a 12-month high of $147.29. The stock has a market capitalization of $1.50 trillion, a PE ratio of 75.22, a price-to-earnings-growth ratio of 1.93 and a beta of 1.17. The company has a debt-to-equity ratio of 0.33, a current ratio of 0.98 and a quick ratio of 0.74.

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

Analysts Set New Price Targets

Several equities research analysts recently commented on the stock. Barclays boosted their price objective on shares of Amazon.com from $180.00 to $190.00 and gave the stock an “overweight” rating in a research report on Friday, October 27th. Truist Financial reduced their target price on shares of Amazon.com from $176.00 to $174.00 and set a “buy” rating on the stock in a report on Tuesday, October 17th. Needham & Company LLC restated a “buy” rating and issued a $160.00 target price on shares of Amazon.com in a report on Friday, October 27th. Oppenheimer restated an “outperform” rating and issued a $170.00 target price on shares of Amazon.com in a report on Thursday, October 19th. Finally, Citigroup upped their target price on shares of Amazon.com from $145.00 to $167.00 and gave the company a “buy” rating in a report on Friday, August 4th. Two investment analysts have rated the stock with a hold rating and forty-four have issued a buy rating to the company. According to MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus target price 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.