Focus Financial Network Inc. Grows Stake in Amazon.com, Inc. (NASDAQ:AMZN)

Focus Financial Network Inc. raised its holdings in shares of Amazon.com, Inc. (NASDAQ:AMZN) by 0.3% during the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 323,070 shares of the e-commerce giant’s stock after purchasing an additional 930 shares during the period. Amazon.com makes up about 2.5% of Focus Financial Network Inc.’s investment portfolio, making the stock its 8th largest holding. Focus Financial Network Inc.’s holdings in Amazon.com were worth $61,467,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also modified their holdings of the business. Norges Bank purchased a new position in shares of Amazon.com during the fourth quarter valued at approximately $27,266,582,000. GAMMA Investing LLC boosted its holdings in Amazon.com by 21,420.5% in the first quarter. GAMMA Investing LLC now owns 30,245,061 shares of the e-commerce giant’s stock worth $5,754,425,000 after purchasing an additional 30,104,520 shares during the last quarter. Capital World Investors grew its position in Amazon.com by 36.8% in the 4th quarter. Capital World Investors now owns 65,709,496 shares of the e-commerce giant’s stock worth $14,416,078,000 after purchasing an additional 17,681,004 shares during the period. Vanguard Group Inc. raised its stake in Amazon.com by 2.2% during the 4th quarter. Vanguard Group Inc. now owns 823,360,597 shares of the e-commerce giant’s stock valued at $180,637,081,000 after buying an additional 17,635,391 shares during the last quarter. Finally, Proficio Capital Partners LLC raised its stake in Amazon.com by 17,054.5% during the 4th quarter. Proficio Capital Partners LLC now owns 12,088,589 shares of the e-commerce giant’s stock valued at $2,652,116,000 after buying an additional 12,018,120 shares during the last quarter. Institutional investors own 72.20% of the company’s stock.

Amazon.com Price Performance

Amazon.com stock opened at $217.12 on Friday. Amazon.com, Inc. has a 12-month low of $151.61 and a 12-month high of $242.52. The company has a current ratio of 1.05, a quick ratio of 0.84 and a debt-to-equity ratio of 0.17. The firm has a 50-day moving average price of $201.25 and a 200-day moving average price of $209.02. The firm has a market capitalization of $2.31 trillion, a PE ratio of 35.36, a price-to-earnings-growth ratio of 1.60 and a beta of 1.33.

Amazon.com (NASDAQ:AMZN) last announced its quarterly earnings data on Thursday, May 1st. The e-commerce giant reported $1.59 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.38 by $0.21. Amazon.com had a net margin of 10.14% and a return on equity of 24.14%. The business had revenue of $155.67 billion during the quarter, compared to the consensus estimate of $154.96 billion. During the same quarter last year, the firm earned $0.98 earnings per share. The firm’s quarterly revenue was up 8.6% compared to the same quarter last year. As a group, equities research analysts forecast that Amazon.com, Inc. will post 6.31 EPS for the current year.

Insider Buying and Selling at Amazon.com

In other Amazon.com news, VP Shelley Reynolds sold 2,695 shares of the firm’s stock in a transaction on Wednesday, May 21st. The stock was sold at an average price of $200.79, for a total transaction of $541,129.05. Following the transaction, the vice president now directly owns 119,780 shares in the company, valued at $24,050,626.20. This trade represents a 2.20% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. Also, CEO Douglas J. Herrington sold 2,500 shares of the company’s stock in a transaction on Thursday, May 1st. The stock was sold at an average price of $190.67, for a total value of $476,675.00. Following the completion of the sale, the chief executive officer now owns 506,974 shares of the company’s stock, valued at $96,664,732.58. This represents a 0.49% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 102,037 shares of company stock valued at $20,531,075 in the last quarter. 9.70% of the stock is owned by insiders.

Analyst Ratings Changes

A number of research firms have recently issued reports on AMZN. Benchmark restated a “buy” rating and issued a $260.00 price target on shares of Amazon.com in a research note on Friday, May 2nd. Mizuho lowered their target price on Amazon.com from $285.00 to $255.00 and set an “outperform” rating on the stock in a research report on Wednesday, April 9th. BNP Paribas raised Amazon.com to a “hold” rating in a report on Wednesday, April 30th. Moffett Nathanson raised their price objective on Amazon.com from $250.00 to $253.00 and gave the stock a “buy” rating in a research note on Tuesday. Finally, Truist Financial cut their price objective on Amazon.com from $265.00 to $230.00 and set a “buy” rating for the company in a research note on Thursday, April 10th. Four analysts have rated the stock with a hold rating and forty-four have given a buy rating to the company’s stock. Based on data from MarketBeat, Amazon.com presently has an average rating of “Moderate Buy” and an average price target of $245.64.

Amazon.com 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.