Delta Financial Group Inc. Has $4.03 Million Holdings in Amazon.com, Inc. (NASDAQ:AMZN)

Delta Financial Group Inc. increased its holdings in shares of Amazon.com, Inc. (NASDAQ:AMZN) by 3.4% in the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 21,608 shares of the e-commerce giant’s stock after buying an additional 708 shares during the period. Amazon.com accounts for about 1.5% of Delta Financial Group Inc.’s investment portfolio, making the stock its 11th biggest holding. Delta Financial Group Inc.’s holdings in Amazon.com were worth $4,026,000 at the end of the most recent quarter.

Several other large investors have also bought and sold shares of AMZN. PayPay Securities Corp lifted its stake in shares of Amazon.com by 64.6% in the 2nd quarter. PayPay Securities Corp now owns 163 shares of the e-commerce giant’s stock valued at $32,000 after purchasing an additional 64 shares during the period. Christopher J. Hasenberg Inc increased its holdings in Amazon.com by 650.0% in the second quarter. Christopher J. Hasenberg Inc now owns 300 shares of the e-commerce giant’s stock valued at $58,000 after purchasing an additional 260 shares during the last quarter. Koesten Hirschmann & Crabtree INC. acquired a new position in Amazon.com in the first quarter valued at about $69,000. Innealta Capital LLC bought a new position in Amazon.com during the second quarter worth about $77,000. Finally, Abich Financial Wealth Management LLC grew its position in shares of Amazon.com by 84.7% during the 2nd quarter. Abich Financial Wealth Management LLC now owns 434 shares of the e-commerce giant’s stock worth $84,000 after buying an additional 199 shares during the period. 72.20% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

A number of brokerages recently weighed in on AMZN. UBS Group increased their price target on shares of Amazon.com from $220.00 to $223.00 and gave the company a “buy” rating in a research report on Monday. Loop Capital upped their price objective on shares of Amazon.com from $750.00 to $800.00 and gave the company a “buy” rating in a research report on Wednesday, October 16th. Wells Fargo & Company cut Amazon.com from an “overweight” rating to an “equal weight” rating and decreased their target price for the company from $225.00 to $183.00 in a research note on Monday, October 7th. TD Cowen raised their price target on Amazon.com from $225.00 to $245.00 and gave the stock a “buy” rating in a research report on Wednesday, July 10th. Finally, JMP Securities reiterated a “market outperform” rating and set a $265.00 price objective on shares of Amazon.com in a report on Tuesday, October 15th. Two analysts have rated the stock with a hold rating, forty-two have assigned a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $236.76.

Amazon.com Stock Down 3.3 %

Shares of AMZN stock opened at $186.40 on Friday. Amazon.com, Inc. has a 52-week low of $131.71 and a 52-week high of $201.20. The company has a debt-to-equity ratio of 0.23, a quick ratio of 0.88 and a current ratio of 1.10. The stock has a market cap of $1.96 trillion, a price-to-earnings ratio of 44.59, a PEG ratio of 1.38 and a beta of 1.14. The firm’s 50-day moving average is $184.40 and its 200-day moving average is $183.65.

Amazon.com (NASDAQ:AMZN) last released its quarterly earnings data on Thursday, August 1st. The e-commerce giant reported $1.23 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.05 by $0.18. Amazon.com had a return on equity of 21.39% and a net margin of 7.35%. The firm had revenue of $147.98 billion for the quarter, compared to analyst estimates of $148.63 billion. Sell-side analysts predict that Amazon.com, Inc. will post 4.85 EPS for the current year.

Insider Buying and Selling

In other Amazon.com news, SVP David Zapolsky sold 2,190 shares of the firm’s stock in a transaction on Tuesday, September 24th. The stock was sold at an average price of $195.00, for a total transaction of $427,050.00. Following the completion of the sale, the senior vice president now owns 62,420 shares of the company’s stock, valued at $12,171,900. This trade represents a 0.00 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. In other news, SVP David Zapolsky sold 2,190 shares of the stock in a transaction dated Tuesday, September 24th. The shares were sold at an average price of $195.00, for a total value of $427,050.00. Following the transaction, the senior vice president now directly owns 62,420 shares of the company’s stock, valued at $12,171,900. This represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, CEO Andrew R. Jassy sold 20,784 shares of the firm’s stock in a transaction dated Wednesday, August 21st. The stock was sold at an average price of $180.77, for a total transaction of $3,757,123.68. Following the sale, the chief executive officer now owns 2,056,534 shares of the company’s stock, valued at approximately $371,759,651.18. This represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. In the last three months, insiders have sold 50,855 shares of company stock valued at $9,215,048. 10.80% of the stock is owned by 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.