PAX Financial Group LLC Acquires 737 Shares of Amazon.com, Inc. (NASDAQ:AMZN)

PAX Financial Group LLC increased its holdings in shares of Amazon.com, Inc. (NASDAQ:AMZN) by 5.3% in the first quarter, according to its most recent filing with the SEC. The fund owned 14,519 shares of the e-commerce giant’s stock after acquiring an additional 737 shares during the period. PAX Financial Group LLC’s holdings in Amazon.com were worth $2,762,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also recently modified their holdings of the business. Wealthfront Advisers LLC lifted its stake in shares of Amazon.com by 4.9% during the 1st quarter. Wealthfront Advisers LLC now owns 1,031,367 shares of the e-commerce giant’s stock worth $196,228,000 after acquiring an additional 48,118 shares during the last quarter. GPM Growth Investors Inc. lifted its stake in shares of Amazon.com by 2.0% during the 1st quarter. GPM Growth Investors Inc. now owns 53,532 shares of the e-commerce giant’s stock worth $10,185,000 after acquiring an additional 1,038 shares during the last quarter. First Business Financial Services Inc. lifted its stake in shares of Amazon.com by 6.0% during the 1st quarter. First Business Financial Services Inc. now owns 9,169 shares of the e-commerce giant’s stock worth $1,744,000 after acquiring an additional 515 shares during the last quarter. Landaas & Co. WI ADV lifted its stake in shares of Amazon.com by 1.4% during the 1st quarter. Landaas & Co. WI ADV now owns 7,654 shares of the e-commerce giant’s stock worth $1,456,000 after acquiring an additional 106 shares during the last quarter. Finally, Pinkerton Retirement Specialists LLC lifted its stake in shares of Amazon.com by 9.7% during the 1st quarter. Pinkerton Retirement Specialists LLC now owns 18,240 shares of the e-commerce giant’s stock worth $3,470,000 after acquiring an additional 1,606 shares during the last quarter. 72.20% of the stock is owned by institutional investors.

Amazon.com Price Performance

Shares of Amazon.com stock opened at $221.47 on Wednesday. The company has a quick ratio of 0.81, a current ratio of 1.02 and a debt-to-equity ratio of 0.15. Amazon.com, Inc. has a twelve month low of $161.38 and a twelve month high of $242.52. The business has a 50-day moving average price of $220.25 and a 200 day moving average price of $208.61. The firm has a market cap of $2.36 trillion, a PE ratio of 33.76, a P/E/G ratio of 1.49 and a beta of 1.31.

Amazon.com (NASDAQ:AMZN) last posted its quarterly earnings data 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 company had revenue of $167.70 billion during the quarter, compared to analyst estimates of $161.80 billion. During the same period in the previous year, the business earned $1.26 EPS. Amazon.com’s quarterly revenue was up 13.3% on a year-over-year basis. Sell-side analysts predict that Amazon.com, Inc. will post 6.31 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

AMZN has been the topic of several research reports. Morgan Stanley restated an “overweight” rating on shares of Amazon.com in a report on Monday, July 28th. Citizens Jmp initiated coverage on Amazon.com in a report on Thursday, July 10th. They set a “strong-buy” rating on the stock. Jefferies Financial Group raised their price objective on Amazon.com from $255.00 to $265.00 in a report on Wednesday, July 16th. Stifel Nicolaus raised their price objective on Amazon.com from $245.00 to $262.00 and gave the stock a “buy” rating in a report on Tuesday, July 29th. Finally, Bank of America raised their price objective on Amazon.com from $265.00 to $272.00 and gave the stock a “buy” rating in a report on Friday, August 1st. One investment analyst has rated the stock with a hold rating, forty-seven have given a buy rating and two have issued a strong buy rating to the company’s stock. According to MarketBeat, Amazon.com currently has an average rating of “Buy” and a consensus target price of $262.45.

Insider Activity at Amazon.com

In other Amazon.com news, CEO Douglas J. Herrington sold 2,500 shares of the business’s stock in a transaction that occurred on Friday, August 1st. The stock was sold at an average price of $217.00, for a total transaction of $542,500.00. Following the completion of the sale, the chief executive officer directly owned 512,050 shares in the company, valued at approximately $111,114,850. The trade was a 0.49% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, insider Jeffrey P. Bezos sold 2,643,142 shares of the business’s stock in a transaction that occurred on Thursday, July 24th. The stock was sold at an average price of $230.43, for a total value of $609,059,211.06. Following the sale, the insider owned 883,779,901 shares of the company’s stock, valued at approximately $203,649,402,587.43. This trade represents a 0.30% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 25,101,037 shares of company stock valued at $5,674,726,368. 10.80% of the stock is owned by company insiders.

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.