Beacon Financial Advisory LLC Increases Position in Amazon.com, Inc. (NASDAQ:AMZN)

Beacon Financial Advisory LLC raised its position in Amazon.com, Inc. (NASDAQ:AMZN) by 13.3% during the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 21,477 shares of the e-commerce giant’s stock after purchasing an additional 2,521 shares during the period. Amazon.com accounts for 1.2% of Beacon Financial Advisory LLC’s investment portfolio, making the stock its 11th largest holding. Beacon Financial Advisory LLC’s holdings in Amazon.com were worth $4,086,000 at the end of the most recent quarter.

A number of other large investors also recently modified their holdings of AMZN. Cable Hill Partners LLC lifted its position in Amazon.com by 0.5% during 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 during the period. Northern Capital Management Inc. lifted its holdings in shares of Amazon.com by 0.6% in the 4th 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 lifted its stake in Amazon.com by 2.4% during the 4th quarter. White Wing Wealth Management now owns 1,972 shares of the e-commerce giant’s stock valued at $433,000 after acquiring an additional 47 shares in the last quarter. Balanced Wealth Group LLC raised its stake in shares of Amazon.com by 1.6% during the 4th 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 during the period. Finally, ETF Store Inc. increased its holdings in Amazon.com by 2.1% in the 4th quarter. ETF Store Inc. now owns 2,378 shares of the e-commerce giant’s stock worth $522,000 after acquiring an additional 48 shares during the last quarter. 72.20% of the stock is owned by hedge funds and other institutional investors.

Amazon.com Trading Up 1.0%

Shares of NASDAQ AMZN opened at $226.13 on Friday. Amazon.com, Inc. has a 1-year low of $151.61 and a 1-year high of $242.52. The company has a market cap of $2.40 trillion, a PE ratio of 36.83, a P/E/G ratio of 1.69 and a beta of 1.33. 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 company has a 50-day moving average of $213.50 and a two-hundred day moving average of $208.59.

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

Analyst Ratings Changes

A number of analysts have recently weighed in on AMZN shares. Barclays dropped their price objective on Amazon.com from $265.00 to $240.00 and set an “overweight” rating for the company in a research note on Friday, May 2nd. JMP Securities raised their price target on Amazon.com from $250.00 to $285.00 and gave the company a “market outperform” rating in a report on Thursday, July 10th. Royal Bank Of Canada reduced their price target on Amazon.com from $235.00 to $230.00 and set an “outperform” rating for the company in a report on Friday, May 2nd. Jefferies Financial Group raised their price target on Amazon.com from $255.00 to $265.00 in a report on Wednesday. Finally, Telsey Advisory Group reaffirmed an “outperform” rating and set a $235.00 price objective on shares of Amazon.com in a research report on Thursday, July 10th. Three analysts have rated the stock with a hold rating, forty-five have given a buy rating and two have assigned a strong buy rating to the company. According to MarketBeat, Amazon.com currently has an average rating of “Moderate Buy” and an average price target of $250.35.

Insider Activity at Amazon.com

In other Amazon.com news, insider Jeffrey P. Bezos sold 4,273,237 shares of the company’s stock in a transaction on Friday, July 11th. The stock was sold at an average price of $224.81, for a total value of $960,666,409.97. Following the completion of the transaction, the insider owned 897,722,088 shares in the company, valued at $201,816,902,603.28. This represents a 0.47% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, CEO Matthew S. Garman sold 20,923 shares of the stock in a transaction on Wednesday, May 21st. The stock was sold at an average price of $201.30, for a total value of $4,211,799.90. The disclosure for this sale can be found here. Over the last three months, insiders sold 14,335,232 shares of company stock worth $3,210,622,570. Insiders own 9.70% of the company’s stock.

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.