Financial Security Advisor Inc. Increases Holdings in Amazon.com, Inc. (NASDAQ:AMZN)

Financial Security Advisor Inc. grew its holdings in shares of Amazon.com, Inc. (NASDAQ:AMZN) by 13.9% in the first quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 17,360 shares of the e-commerce giant’s stock after buying an additional 2,125 shares during the period. Amazon.com accounts for about 0.8% of Financial Security Advisor Inc.’s holdings, making the stock its 24th largest holding. Financial Security Advisor Inc.’s holdings in Amazon.com were worth $3,303,000 as of its most recent SEC filing.

A number of other institutional investors also recently bought and sold shares of AMZN. Northern Capital Management Inc. increased its position in 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 valued at $1,613,000 after acquiring an additional 45 shares during the period. Balanced Wealth Group LLC increased its position in Amazon.com by 1.6% in the 4th 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 period. ETF Store Inc. increased its position 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 valued at $522,000 after acquiring an additional 48 shares during the period. Talisman Wealth Advisors LLC increased its position in Amazon.com by 1.2% in the 4th quarter. Talisman Wealth Advisors LLC now owns 4,647 shares of the e-commerce giant’s stock valued at $1,020,000 after acquiring an additional 53 shares during the period. Finally, SWAN Capital LLC increased its position in Amazon.com by 3.1% in the 4th quarter. SWAN Capital LLC now owns 1,804 shares of the e-commerce giant’s stock valued at $396,000 after acquiring an additional 55 shares during the period. 72.20% of the stock is owned by hedge funds and other institutional investors.

Amazon.com Stock Down 0.2%

Shares of NASDAQ:AMZN opened at $222.69 on Friday. The company has a current ratio of 1.02, a quick ratio of 0.81 and a debt-to-equity ratio of 0.15. The firm has a market cap of $2.37 trillion, a price-to-earnings ratio of 33.95, a PEG ratio of 1.50 and a beta of 1.31. The stock’s 50-day moving average price is $219.65 and its two-hundred day moving average price is $208.98. Amazon.com, Inc. has a 12-month low of $161.38 and a 12-month high of $242.52.

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

Insiders Place Their Bets

In other Amazon.com 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 sale, the insider directly owned 897,722,088 shares in the company, valued at $201,816,902,603.28. This represents a 0.47% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. Insiders sold a total of 25,102,037 shares of company stock valued at $5,674,937,048 in the last 90 days. 9.70% of the stock is currently owned by company insiders.

Analyst Upgrades and Downgrades

Several equities analysts recently issued reports on AMZN shares. Truist Financial boosted their price target on Amazon.com from $226.00 to $250.00 and gave the company a “buy” rating in a research report on Wednesday, July 2nd. Cowen reissued a “buy” rating on shares of Amazon.com in a research note on Friday, August 1st. Benchmark reissued a “buy” rating and issued a $260.00 price target on shares of Amazon.com in a report on Friday, May 2nd. Jefferies Financial Group upped their price objective on Amazon.com from $255.00 to $265.00 in a report on Wednesday, July 16th. Finally, DA Davidson raised their target price on Amazon.com from $230.00 to $265.00 and gave the company a “buy” rating in a report on Friday, August 1st. One equities research analyst has rated the stock with a hold rating, forty-seven have assigned a buy rating and two have assigned a strong buy rating to the company’s stock. According to data from MarketBeat.com, the stock has a consensus rating of “Buy” and a consensus price target of $262.45.

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.