Foundry Financial Group Inc. Has $332,000 Stock Position in Amazon.com, Inc. $AMZN

Foundry Financial Group Inc. boosted its holdings in shares of Amazon.com, Inc. (NASDAQ:AMZN) by 15.7% during the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 1,744 shares of the e-commerce giant’s stock after buying an additional 237 shares during the period. Foundry Financial Group Inc.’s holdings in Amazon.com were worth $332,000 as of its most recent filing with the Securities and Exchange Commission.

Several other large investors have also recently bought and sold shares of the business. Prudent Man Investment Management Inc. acquired a new position in shares of Amazon.com during the 4th quarter valued at about $27,000. LSV Asset Management acquired a new position in shares of Amazon.com during the 4th quarter valued at about $35,000. Perritt Capital Management Inc increased its holdings in shares of Amazon.com by 72.7% during the 4th 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 during the last quarter. Cooksen Wealth LLC bought a new stake in Amazon.com during the 1st quarter valued at approximately $36,000. Finally, Inlight Wealth Management LLC acquired a new stake in Amazon.com in the 1st quarter valued at approximately $40,000. 72.20% of the stock is owned by institutional investors and hedge funds.

Insider Activity

In related news, CEO Douglas J. Herrington sold 2,500 shares of the company’s stock in a transaction dated Friday, August 1st. The stock was sold at an average price of $217.00, for a total transaction of $542,500.00. Following the sale, the chief executive officer owned 512,050 shares in the company, valued at approximately $111,114,850. This represents a 0.49% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, insider Jeffrey P. Bezos sold 2,643,142 shares of the company’s stock in a transaction dated 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 in the company, valued at $203,649,402,587.43. The trade was a 0.30% decrease in their position. The disclosure for this sale can be found here. Insiders have sold 25,096,253 shares of company stock worth $5,673,745,409 in the last quarter. 10.80% of the stock is currently owned by corporate insiders.

Analyst Upgrades and Downgrades

A number of analysts have issued reports on AMZN shares. Susquehanna raised their target price on Amazon.com from $225.00 to $260.00 and gave the company a “positive” rating in a report on Friday, August 1st. HSBC raised their target price on Amazon.com from $240.00 to $256.00 in a report on Tuesday, July 22nd. Telsey Advisory Group reaffirmed an “outperform” rating and issued a $265.00 target price on shares of Amazon.com in a report on Wednesday, August 13th. Benchmark reaffirmed a “buy” rating and issued a $260.00 target price on shares of Amazon.com in a report on Friday, May 2nd. Finally, Scotiabank raised their price objective on Amazon.com from $250.00 to $275.00 and gave the stock a “sector outperform” rating in a research report on Tuesday, July 22nd. 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 company. According to data from MarketBeat, the company presently has a consensus rating of “Buy” and a consensus price target of $262.87.

Amazon.com Stock Performance

Shares of Amazon.com stock opened at $231.03 on Monday. The firm has a market cap of $2.46 trillion, a price-to-earnings ratio of 35.22, a price-to-earnings-growth ratio of 1.56 and a beta of 1.31. The stock’s 50-day moving average is $221.41 and its 200-day moving average is $208.26. Amazon.com, Inc. has a one year low of $161.38 and a one year high of $242.52. 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 (NASDAQ:AMZN) last issued its quarterly earnings results on Thursday, July 31st. The e-commerce giant reported $1.68 EPS for the quarter, beating analysts’ consensus estimates 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 analyst estimates of $161.80 billion. During the same period in the previous year, the company posted $1.26 earnings per share. The company’s quarterly revenue was up 13.3% compared to the same quarter last year. Equities analysts predict 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.