Amazon.com, Inc. (NASDAQ:AMZN) Shares Acquired by IFC Advisors LLC

IFC Advisors LLC raised its position in shares of Amazon.com, Inc. (NASDAQ:AMZN) by 0.5% in the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 41,783 shares of the e-commerce giant’s stock after acquiring an additional 220 shares during the quarter. Amazon.com makes up about 1.7% of IFC Advisors LLC’s holdings, making the stock its 12th largest holding. IFC Advisors LLC’s holdings in Amazon.com were worth $7,950,000 at the end of the most recent reporting period.

A number of other hedge funds have also made changes to their positions in the company. Northern Capital Management Inc. raised its holdings in shares of Amazon.com by 0.6% during the fourth quarter. Northern Capital Management Inc. now owns 7,353 shares of the e-commerce giant’s stock valued at $1,613,000 after acquiring an additional 45 shares during the last quarter. Balanced Wealth Group LLC raised its holdings in shares of Amazon.com by 1.6% during the fourth quarter. Balanced Wealth Group LLC now owns 2,966 shares of the e-commerce giant’s stock valued at $705,000 after acquiring an additional 48 shares during the last quarter. ETF Store Inc. increased its holdings in shares of Amazon.com by 2.1% in the fourth quarter. ETF Store Inc. now owns 2,378 shares of the e-commerce giant’s stock valued at $522,000 after purchasing an additional 48 shares during the last quarter. Talisman Wealth Advisors LLC increased its holdings in shares of Amazon.com by 1.2% in the fourth quarter. Talisman Wealth Advisors LLC now owns 4,647 shares of the e-commerce giant’s stock valued at $1,020,000 after purchasing an additional 53 shares during the last quarter. Finally, SWAN Capital LLC increased its holdings in shares of Amazon.com by 3.1% in the fourth quarter. SWAN Capital LLC now owns 1,804 shares of the e-commerce giant’s stock valued at $396,000 after purchasing an additional 55 shares during the last quarter. Institutional investors and hedge funds own 72.20% of the company’s stock.

Wall Street Analyst Weigh In

Several equities research analysts recently commented on AMZN shares. Cowen reaffirmed a “buy” rating on shares of Amazon.com in a report on Friday, August 1st. Morgan Stanley reaffirmed an “overweight” rating on shares of Amazon.com in a report on Monday, July 28th. Benchmark reaffirmed a “buy” rating and issued a $260.00 price target on shares of Amazon.com in a report on Friday, May 2nd. HSBC increased their price target on Amazon.com from $240.00 to $256.00 in a report on Tuesday, July 22nd. Finally, Piper Sandler increased their price target on Amazon.com from $250.00 to $255.00 and gave the company an “overweight” rating in a report on Friday, August 1st. One investment analyst has rated the stock with a hold rating, forty-seven have issued a buy rating and two have issued a strong buy rating to the stock. Based on data from MarketBeat, the company presently has an average rating of “Buy” and a consensus target price of $262.45.

Insider Activity

In other news, insider Jeffrey P. Bezos sold 4,273,237 shares of the company’s stock in a transaction dated Friday, July 11th. The stock was sold at an average price of $224.81, for a total transaction of $960,666,409.97. Following the completion of the transaction, the insider directly owned 897,722,088 shares of the company’s stock, valued at approximately $201,816,902,603.28. This represents a 0.47% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Over the last ninety days, insiders sold 25,102,037 shares of company stock worth $5,674,937,048. Corporate insiders own 9.70% of the company’s stock.

Amazon.com Trading Up 0.4%

AMZN opened at $223.13 on Friday. Amazon.com, Inc. has a 12 month low of $161.38 and a 12 month high of $242.52. The stock has a market capitalization of $2.38 trillion, a price-to-earnings ratio of 34.01, a PEG ratio of 1.50 and a beta of 1.31. The company has a debt-to-equity ratio of 0.15, a current ratio of 1.02 and a quick ratio of 0.81. The business has a fifty day moving average price of $219.27 and a 200 day moving average price of $209.03.

Amazon.com (NASDAQ:AMZN) last released its earnings results on Thursday, July 31st. The e-commerce giant reported $1.68 EPS for the quarter, topping the consensus estimate of $1.31 by $0.37. Amazon.com had a return on equity of 23.84% and a net margin of 10.54%. The firm had revenue of $167.70 billion during the quarter, compared to analysts’ expectations of $161.80 billion. During the same period in the previous year, the firm posted $1.26 EPS. Amazon.com’s revenue for the quarter was up 13.3% on a year-over-year basis. Sell-side analysts expect that Amazon.com, Inc. will post 6.31 earnings per share for the current fiscal year.

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.