Amazon.com, Inc. $AMZN Position Lifted by IFP Advisors Inc

IFP Advisors Inc boosted its holdings in Amazon.com, Inc. (NASDAQ:AMZN) by 7.1% during the 1st quarter, according to its most recent disclosure with the SEC. The firm owned 168,579 shares of the e-commerce giant’s stock after buying an additional 11,127 shares during the period. Amazon.com makes up about 1.0% of IFP Advisors Inc’s investment portfolio, making the stock its 9th largest position. IFP Advisors Inc’s holdings in Amazon.com were worth $32,074,000 as of its most recent SEC filing.

Several other hedge funds have also recently bought and sold shares of the business. Talisman Wealth Advisors LLC grew its position in shares of Amazon.com by 1.2% during the fourth quarter. Talisman Wealth Advisors LLC now owns 4,647 shares of the e-commerce giant’s stock worth $1,020,000 after buying an additional 53 shares in the last quarter. SWAN Capital LLC grew its position in shares of Amazon.com by 3.1% during the fourth quarter. SWAN Capital LLC now owns 1,804 shares of the e-commerce giant’s stock worth $396,000 after buying an additional 55 shares in the last quarter. Lokken Investment Group LLC grew its position in shares of Amazon.com by 1.5% during the fourth quarter. Lokken Investment Group LLC now owns 3,866 shares of the e-commerce giant’s stock worth $848,000 after buying an additional 56 shares in the last quarter. CWC Advisors LLC. grew its position in shares of Amazon.com by 3.1% during the fourth quarter. CWC Advisors LLC. now owns 1,872 shares of the e-commerce giant’s stock worth $411,000 after buying an additional 56 shares in the last quarter. Finally, JBGlobal.com LLC grew its position in shares of Amazon.com by 2.1% during the first quarter. JBGlobal.com LLC now owns 2,669 shares of the e-commerce giant’s stock worth $508,000 after buying an additional 56 shares in the last quarter. Hedge funds and other institutional investors own 72.20% of the company’s stock.

Insiders Place Their Bets

In other Amazon.com news, insider Jeffrey P. Bezos sold 4,273,237 shares of Amazon.com 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 transaction, the insider owned 897,722,088 shares of the company’s stock, valued at $201,816,902,603.28. The trade was a 0.47% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. Over the last 90 days, insiders sold 25,096,253 shares of company stock worth $5,673,745,409. Insiders own 10.80% of the company’s stock.

Amazon.com Trading Up 0.0%

NASDAQ:AMZN opened at $231.03 on Monday. The company has a debt-to-equity ratio of 0.15, a current ratio of 1.02 and a quick ratio of 0.81. Amazon.com, Inc. has a fifty-two week low of $161.38 and a fifty-two week high of $242.52. The stock’s 50-day moving average is $221.41 and its two-hundred day moving average is $208.26. The stock has a market cap 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 (NASDAQ:AMZN) last released its earnings results on Thursday, July 31st. The e-commerce giant reported $1.68 earnings per share for the quarter, beating 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 for the quarter, compared to analysts’ expectations of $161.80 billion. During the same quarter in the previous year, the business posted $1.26 EPS. The business’s revenue for the quarter was up 13.3% on a year-over-year basis. As a group, equities research analysts forecast that Amazon.com, Inc. will post 6.31 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

A number of equities analysts have commented on the stock. Oppenheimer decreased their price objective on shares of Amazon.com from $250.00 to $245.00 and set an “outperform” rating for the company in a report on Friday, August 1st. Tigress Financial lifted their price objective on shares of Amazon.com from $290.00 to $305.00 and gave the stock a “buy” rating in a report on Tuesday, May 6th. Susquehanna lifted their price objective on shares of Amazon.com from $225.00 to $260.00 and gave the stock a “positive” rating in a report on Friday, August 1st. UBS Group reaffirmed a “buy” rating and issued a $271.00 price objective (up previously from $249.00) on shares of Amazon.com in a report on Monday, July 28th. Finally, Citigroup reaffirmed an “overweight” rating on shares of Amazon.com in a report on Wednesday. One 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. According to MarketBeat, the stock currently has an average rating of “Buy” and a consensus target price of $262.87.

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.