Amazon.com, Inc. (NASDAQ:AMZN) Holdings Lifted by Financial Strategies Group Inc.

Financial Strategies Group Inc. boosted its holdings in Amazon.com, Inc. (NASDAQ:AMZN) by 12.4% during the 4th quarter, Holdings Channel.com reports. The fund owned 37,337 shares of the e-commerce giant’s stock after purchasing an additional 4,114 shares during the quarter. Amazon.com accounts for about 1.7% of Financial Strategies Group Inc.’s portfolio, making the stock its 15th biggest position. Financial Strategies Group Inc.’s holdings in Amazon.com were worth $5,857,000 as of its most recent SEC filing.

Other institutional investors and hedge funds also recently bought and sold shares of the company. Vanguard Group Inc. raised its position in shares of Amazon.com by 4.4% during the third quarter. Vanguard Group Inc. now owns 757,951,795 shares of the e-commerce giant’s stock worth $96,350,832,000 after purchasing an additional 32,038,029 shares during the period. International Assets Investment Management LLC raised its holdings in Amazon.com by 16,029.3% during the 4th quarter. International Assets Investment Management LLC now owns 23,865,216 shares of the e-commerce giant’s stock worth $36,260,810,000 after buying an additional 23,717,254 shares during the period. FMR LLC lifted its stake in Amazon.com by 7.7% during the third quarter. FMR LLC now owns 302,101,441 shares of the e-commerce giant’s stock valued at $38,403,135,000 after buying an additional 21,649,871 shares in the last quarter. Jennison Associates LLC boosted its holdings in shares of Amazon.com by 28.4% in the third quarter. Jennison Associates LLC now owns 54,981,548 shares of the e-commerce giant’s stock worth $6,989,254,000 after buying an additional 12,176,114 shares during the period. Finally, J.P. Morgan Private Wealth Advisors LLC purchased a new position in shares of Amazon.com in the third quarter worth approximately $610,138,000. 72.20% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

AMZN has been the subject of several research analyst reports. Mizuho upped their price target on shares of Amazon.com from $230.00 to $240.00 and gave the company a “buy” rating in a research report on Wednesday, May 1st. Raymond James raised their target price on Amazon.com from $200.00 to $205.00 and gave the stock a “strong-buy” rating in a research report on Wednesday, May 1st. JMP Securities reissued a “market outperform” rating and set a $225.00 price target on shares of Amazon.com in a research report on Wednesday, May 1st. Barclays raised their price objective on Amazon.com from $220.00 to $230.00 and gave the stock an “overweight” rating in a research report on Wednesday, May 1st. Finally, Wedbush reiterated an “outperform” rating and issued a $225.00 target price on shares of Amazon.com in a report on Wednesday, May 1st. One analyst has rated the stock with a hold rating, forty-four have issued a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat.com, the company currently has an average rating of “Buy” and a consensus target price of $211.62.

Amazon.com Trading Up 1.3 %

Shares of AMZN stock opened at $188.70 on Tuesday. The company has a debt-to-equity ratio of 0.27, a quick ratio of 0.87 and a current ratio of 1.07. The firm has a fifty day moving average of $179.29 and a 200-day moving average of $161.18. Amazon.com, Inc. has a 52-week low of $104.70 and a 52-week high of $189.77. The stock has a market cap of $1.96 trillion, a price-to-earnings ratio of 52.86, a P/E/G ratio of 1.35 and a beta of 1.15.

Amazon.com (NASDAQ:AMZN) last announced its quarterly earnings results on Tuesday, April 30th. The e-commerce giant reported $0.98 EPS for the quarter, topping analysts’ consensus estimates of $0.83 by $0.15. Amazon.com had a net margin of 6.38% and a return on equity of 19.86%. The firm had revenue of $143.31 billion during the quarter, compared to analysts’ expectations of $142.65 billion. During the same quarter last year, the company earned $0.31 earnings per share. The company’s revenue for the quarter was up 12.5% compared to the same quarter last year. On average, equities research analysts forecast that Amazon.com, Inc. will post 4.67 earnings per share for the current fiscal year.

Insider Activity at Amazon.com

In other Amazon.com news, CEO Adam Selipsky sold 500 shares of the stock in a transaction on Thursday, March 21st. The stock was sold at an average price of $180.00, for a total transaction of $90,000.00. Following the completion of the transaction, the chief executive officer now directly owns 132,600 shares in the company, valued at $23,868,000. The transaction was disclosed in a filing with the Securities & Exchange Commission, 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 Thursday, March 21st. The stock was sold at an average price of $180.00, for a total value of $90,000.00. Following the transaction, the chief executive officer now directly owns 132,600 shares of the company’s stock, valued at approximately $23,868,000. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, insider Jeffrey P. Bezos sold 2,009,208 shares of Amazon.com stock in a transaction on Tuesday, February 20th. The shares were sold at an average price of $166.79, for a total value of $335,115,802.32. Following the completion of the transaction, the insider now owns 938,251,817 shares of the company’s stock, valued at approximately $156,491,020,557.43. The disclosure for this sale can be found here. Insiders have sold a total of 32,217,010 shares of company stock valued at $5,506,442,301 in the last 90 days. 10.80% of the stock is owned by corporate insiders.

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.