Resurgent Financial Advisors LLC Acquires 695 Shares of Amazon.com, Inc. (NASDAQ:AMZN)

Resurgent Financial Advisors LLC increased its holdings in shares of Amazon.com, Inc. (NASDAQ:AMZN) by 4.6% during the first quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 15,881 shares of the e-commerce giant’s stock after acquiring an additional 695 shares during the period. Amazon.com makes up approximately 1.8% of Resurgent Financial Advisors LLC’s portfolio, making the stock its 10th biggest holding. Resurgent Financial Advisors LLC’s holdings in Amazon.com were worth $3,022,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also recently bought and sold shares of the business. Prudent Man Investment Management Inc. acquired a new stake in Amazon.com in the fourth quarter valued at $27,000. LSV Asset Management acquired a new stake in Amazon.com in the fourth quarter valued at $35,000. Perritt Capital Management Inc lifted its position in shares of Amazon.com by 72.7% in the fourth quarter. Perritt Capital Management Inc now owns 190 shares of the e-commerce giant’s stock valued at $42,000 after acquiring an additional 80 shares in the last quarter. Cooksen Wealth LLC purchased a new stake in shares of Amazon.com in the first quarter valued at $36,000. Finally, Inlight Wealth Management LLC purchased a new stake in shares of Amazon.com in the first quarter valued at $40,000. Institutional investors and hedge funds own 72.20% of the company’s stock.

Amazon.com Price Performance

Shares of AMZN stock opened at $231.03 on Friday. The firm has a fifty day simple moving average of $221.41 and a 200-day simple moving average of $208.44. The company has a market capitalization of $2.46 trillion, a PE ratio of 35.22, a price-to-earnings-growth ratio of 1.56 and a beta of 1.31. Amazon.com, Inc. has a twelve month low of $161.38 and a twelve month high of $242.52. The company has a current ratio of 1.02, a quick ratio of 0.81 and a debt-to-equity ratio of 0.15.

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

Insider Activity at Amazon.com

In other Amazon.com news, insider Jeffrey P. Bezos sold 4,273,237 shares of the firm’s stock in a transaction that occurred on 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 owned 897,722,088 shares in the company, valued at $201,816,902,603.28. This trade 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. Insiders sold a total of 25,096,253 shares of company stock valued at $5,673,745,409 in the last 90 days. Insiders own 9.70% of the company’s stock.

Analyst Upgrades and Downgrades

Several brokerages have recently issued reports on AMZN. Pivotal Research upped their price objective on Amazon.com from $260.00 to $285.00 and gave the company a “buy” rating in a research report on Friday, August 1st. HSBC upped their price objective on Amazon.com from $240.00 to $256.00 in a research report on Tuesday, July 22nd. Roth Capital set a $250.00 price objective on Amazon.com and gave the company a “buy” rating in a research report on Tuesday, July 8th. Stifel Nicolaus upped their price objective on Amazon.com from $245.00 to $262.00 and gave the company a “buy” rating in a research report on Tuesday, July 29th. Finally, Citizens Jmp began coverage on Amazon.com in a research report on Thursday, July 10th. They issued a “strong-buy” rating on the stock. One research analyst has rated the stock with a hold rating, forty-seven have issued a buy rating and two have assigned a strong buy rating to the stock. According to MarketBeat.com, Amazon.com has an average rating of “Buy” and an average target price of $262.87.

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.