Amazon.com, Inc. (NASDAQ:AMZN) Shares Bought by Archford Capital Strategies LLC

Archford Capital Strategies LLC raised its position in Amazon.com, Inc. (NASDAQ:AMZN) by 13.9% during the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 50,897 shares of the e-commerce giant’s stock after purchasing an additional 6,227 shares during the quarter. Amazon.com comprises approximately 1.4% of Archford Capital Strategies LLC’s investment portfolio, making the stock its 11th biggest holding. Archford Capital Strategies LLC’s holdings in Amazon.com were worth $9,684,000 at the end of the most recent quarter.

Other large investors also recently made changes to their positions in the company. Cable Hill Partners LLC boosted its holdings in Amazon.com by 0.5% in the fourth quarter. Cable Hill Partners LLC now owns 9,588 shares of the e-commerce giant’s stock worth $2,104,000 after purchasing an additional 44 shares in the last quarter. Northern Capital Management Inc. boosted its holdings in Amazon.com by 0.6% in the fourth quarter. Northern Capital Management Inc. now owns 7,353 shares of the e-commerce giant’s stock worth $1,613,000 after purchasing an additional 45 shares in the last quarter. White Wing Wealth Management boosted its holdings in Amazon.com by 2.4% in the fourth quarter. White Wing Wealth Management now owns 1,972 shares of the e-commerce giant’s stock worth $433,000 after purchasing an additional 47 shares in the last quarter. Balanced Wealth Group LLC boosted its holdings in Amazon.com by 1.6% in the fourth quarter. Balanced Wealth Group LLC now owns 2,966 shares of the e-commerce giant’s stock worth $705,000 after purchasing an additional 48 shares in the last quarter. Finally, ETF Store Inc. boosted its holdings in Amazon.com by 2.1% in the fourth quarter. ETF Store Inc. now owns 2,378 shares of the e-commerce giant’s stock worth $522,000 after purchasing an additional 48 shares in the last quarter. Institutional investors and hedge funds own 72.20% of the company’s stock.

Analyst Upgrades and Downgrades

A number of research analysts have weighed in on AMZN shares. Jefferies Financial Group boosted their target price on shares of Amazon.com from $255.00 to $265.00 in a research report on Wednesday. Morgan Stanley boosted their target price on shares of Amazon.com from $250.00 to $300.00 and gave the stock an “overweight” rating in a research report on Thursday, July 10th. Rosenblatt Securities boosted their target price on shares of Amazon.com from $287.00 to $288.00 and gave the stock a “buy” rating in a research report on Friday, May 2nd. Tigress Financial boosted their target price on shares of Amazon.com from $290.00 to $305.00 and gave the stock a “buy” rating in a research report on Tuesday, May 6th. Finally, Needham & Company LLC reissued a “buy” rating and set a $220.00 target price on shares of Amazon.com in a research report on Friday, May 2nd. Three investment analysts have rated the stock with a hold rating, forty-five have issued a buy rating and two have issued a strong buy rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average target price of $250.35.

Amazon.com Stock Performance

NASDAQ AMZN opened at $223.19 on Thursday. The firm has a market cap of $2.37 trillion, a price-to-earnings ratio of 36.35, a PEG ratio of 1.69 and a beta of 1.33. The company has a 50 day moving average of $212.21 and a 200-day moving average of $208.60. The company has a current ratio of 1.05, a quick ratio of 0.84 and a debt-to-equity ratio of 0.17. Amazon.com, Inc. has a 1-year low of $151.61 and a 1-year high of $242.52.

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

Insider Activity at Amazon.com

In other news, insider Jeffrey P. Bezos sold 2,442,187 shares of the firm’s stock in a transaction that occurred on Monday, July 14th. The shares were sold at an average price of $225.89, for a total transaction of $551,665,621.43. Following the completion of the sale, the insider owned 895,279,901 shares of the company’s stock, valued at approximately $202,234,776,836.89. This trade represents a 0.27% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through this link. Also, CEO Douglas J. Herrington sold 2,500 shares of the firm’s stock in a transaction that occurred on Tuesday, July 1st. The stock was sold at an average price of $220.06, for a total transaction of $550,150.00. Following the sale, the chief executive officer directly owned 514,550 shares of the company’s stock, valued at approximately $113,231,873. The trade was a 0.48% decrease in their position. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 13,602,037 shares of company stock valued at $3,044,172,641. Company insiders own 9.70% of the company’s stock.

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.