Bouchey Financial Group Ltd grew its position in Amazon.com, Inc. (NASDAQ:AMZN) by 0.4% in the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 116,897 shares of the e-commerce giant’s stock after buying an additional 497 shares during the quarter. Amazon.com accounts for 2.0% of Bouchey Financial Group Ltd’s holdings, making the stock its 15th largest holding. Bouchey Financial Group Ltd’s holdings in Amazon.com were worth $22,241,000 at the end of the most recent reporting period.
A number of other institutional investors have also modified their holdings of the company. Western Wealth Management LLC grew its stake in Amazon.com by 0.9% during the 1st quarter. Western Wealth Management LLC now owns 140,122 shares of the e-commerce giant’s stock worth $26,660,000 after purchasing an additional 1,297 shares in the last quarter. Barnes Dennig Private Wealth Management LLC acquired a new position in Amazon.com during the 1st quarter worth $514,000. Bearing Point Capital LLC acquired a new position in Amazon.com during the 4th quarter worth $12,014,000. Evergreen Capital Management LLC grew its stake in Amazon.com by 0.5% during the 4th quarter. Evergreen Capital Management LLC now owns 242,550 shares of the e-commerce giant’s stock worth $53,213,000 after purchasing an additional 1,198 shares in the last quarter. Finally, Keyvantage Wealth LLC acquired a new position in Amazon.com during the 4th quarter worth $2,735,000. 72.20% of the stock is owned by institutional investors and hedge funds.
Amazon.com Stock Down 1.4%
Amazon.com stock opened at $232.33 on Friday. Amazon.com, Inc. has a fifty-two week low of $161.38 and a fifty-two week high of $242.52. The company has a debt-to-equity ratio of 0.15, a quick ratio of 0.81 and a current ratio of 1.02. The company has a market capitalization of $2.48 trillion, a P/E ratio of 35.42, a PEG ratio of 1.58 and a beta of 1.30. The stock has a 50-day simple moving average of $225.74 and a 200-day simple moving average of $208.13.
Wall Street Analysts Forecast Growth
AMZN has been the subject of several analyst reports. BNP Paribas raised Amazon.com from a “hold” rating to a “strong-buy” rating in a research note on Friday, June 27th. Cantor Fitzgerald boosted their target price on Amazon.com from $260.00 to $280.00 and gave the stock an “overweight” rating in a research note on Friday, August 1st. Susquehanna boosted their target price on Amazon.com from $225.00 to $260.00 and gave the stock a “positive” rating in a research note on Friday, August 1st. UBS Group reaffirmed a “buy” rating and set a $271.00 price target (up from $249.00) on shares of Amazon.com in a report on Monday, July 28th. Finally, Jefferies Financial Group lifted their price target on Amazon.com from $255.00 to $265.00 in a report on Wednesday, July 16th. Two research analysts have rated the stock with a Strong Buy rating, forty-six have assigned a Buy rating and two have issued a Hold rating to the company’s stock. According to data from MarketBeat, the company currently has a consensus rating of “Buy” and a consensus price target of $262.87.
Read Our Latest Report on AMZN
Insider Activity
In other Amazon.com news, CFO Brian T. Olsavsky sold 17,750 shares of the company’s stock in a transaction that occurred on Thursday, August 21st. The stock was sold at an average price of $222.74, for a total transaction of $3,953,635.00. Following the completion of the sale, the chief financial officer directly owned 49,000 shares of the company’s stock, valued at $10,914,260. This represents a 26.59% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, VP Shelley Reynolds sold 2,715 shares of the company’s stock in a transaction that occurred on Thursday, August 21st. The shares were sold at an average price of $221.64, for a total value of $601,752.60. Following the sale, the vice president directly owned 119,780 shares of the company’s stock, valued at approximately $26,548,039.20. This represents a 2.22% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 25,097,911 shares of company stock worth $5,676,032,574 over the last quarter. 9.70% of the stock is owned by 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.
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