Amazon.com, Inc. (NASDAQ:AMZN) Shares Acquired by Midwest Financial Group LLC

Midwest Financial Group LLC increased its stake in Amazon.com, Inc. (NASDAQ:AMZN) by 3.1% during the second quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 5,405 shares of the e-commerce giant’s stock after acquiring an additional 163 shares during the quarter. Midwest Financial Group LLC’s holdings in Amazon.com were worth $1,045,000 at the end of the most recent quarter.

A number of other hedge funds have also modified their holdings of AMZN. Collective Family Office LLC grew its holdings in shares of Amazon.com by 9.7% during the first quarter. Collective Family Office LLC now owns 9,278 shares of the e-commerce giant’s stock valued at $1,674,000 after buying an additional 819 shares in the last quarter. Members Trust Co grew its holdings in shares of Amazon.com by 8.9% during the fourth quarter. Members Trust Co now owns 4,157 shares of the e-commerce giant’s stock valued at $638,000 after buying an additional 341 shares in the last quarter. Phillips Wealth Planners LLC grew its holdings in shares of Amazon.com by 9.2% during the first quarter. Phillips Wealth Planners LLC now owns 2,655 shares of the e-commerce giant’s stock valued at $487,000 after buying an additional 224 shares in the last quarter. LifePlan Financial LLC purchased a new position in shares of Amazon.com during the fourth quarter valued at $1,276,000. Finally, Legacy CG LLC boosted its position in Amazon.com by 8.2% during the fourth quarter. Legacy CG LLC now owns 55,645 shares of the e-commerce giant’s stock valued at $8,455,000 after purchasing an additional 4,217 shares during the last quarter. 72.20% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

A number of analysts recently issued reports on AMZN shares. UBS Group lifted their price objective on Amazon.com from $217.00 to $224.00 and gave the company a “buy” rating in a research report on Tuesday, July 30th. Sanford C. Bernstein lifted their price objective on Amazon.com from $210.00 to $215.00 and gave the company an “outperform” rating in a research report on Monday, July 22nd. Wedbush reissued an “outperform” rating and set a $225.00 price objective on shares of Amazon.com in a research report on Friday, August 2nd. BMO Capital Markets lifted their price objective on Amazon.com from $220.00 to $230.00 and gave the company an “outperform” rating in a research report on Thursday, July 25th. Finally, Loop Capital boosted their price target on Amazon.com from $215.00 to $225.00 and gave the stock a “buy” rating in a research report on Monday, May 6th. One research analyst has rated the stock with a hold rating, forty have given a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat, the stock has a consensus rating of “Buy” and a consensus target price of $221.36.

Amazon.com Stock Up 3.7 %

Shares of AMZN opened at $178.50 on Friday. The company has a market capitalization of $1.86 trillion, a P/E ratio of 50.00, a PEG ratio of 1.32 and a beta of 1.15. The company has a debt-to-equity ratio of 0.27, a current ratio of 1.07 and a quick ratio of 0.87. Amazon.com, Inc. has a one year low of $118.35 and a one year high of $201.20. The business’s 50 day simple moving average is $182.68 and its 200-day simple moving average is $180.99.

Amazon.com (NASDAQ:AMZN) last posted its quarterly earnings data on Thursday, August 1st. The e-commerce giant reported $1.23 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.05 by $0.18. Amazon.com had a return on equity of 22.35% and a net margin of 7.35%. The firm had revenue of $147.98 billion for the quarter, compared to the consensus estimate of $148.63 billion. As a group, sell-side analysts predict that Amazon.com, Inc. will post 4.73 EPS for the current fiscal year.

Insider Activity

In other news, CEO Andrew R. Jassy sold 20,784 shares of the stock in a transaction on Wednesday, August 21st. The stock was sold at an average price of $180.77, for a total value of $3,757,123.68. Following the transaction, the chief executive officer now owns 2,056,534 shares of the company’s stock, valued at approximately $371,759,651.18. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. In related news, CEO Andrew R. Jassy sold 20,784 shares of the company’s stock in a transaction on Wednesday, August 21st. The shares were sold at an average price of $180.77, for a total value of $3,757,123.68. Following the completion of the sale, the chief executive officer now owns 2,056,534 shares in the company, valued at approximately $371,759,651.18. The transaction was disclosed in a filing with the SEC, which is available through this link. Also, insider Jeffrey P. Bezos sold 3,085,116 shares of the stock in a transaction dated Friday, July 5th. The stock was sold at an average price of $200.07, for a total value of $617,239,158.12. Following the transaction, the insider now owns 931,925,277 shares of the company’s stock, valued at approximately $186,450,290,169.39. The disclosure for this sale can be found here. Insiders have sold a total of 6,107,817 shares of company stock valued at $1,221,241,837 in the last 90 days. 10.80% of the stock is owned by company insiders.

Amazon.com Company Profile

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.