FF Advisors LLC raised its holdings in shares of Amazon.com, Inc. (NASDAQ:AMZN – Free Report) by 20.4% in the 2nd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 3,983 shares of the e-commerce giant’s stock after buying an additional 675 shares during the quarter. FF Advisors LLC’s holdings in Amazon.com were worth $874,000 as of its most recent filing with the Securities & Exchange Commission.
A number of other institutional investors have also added to or reduced their stakes in AMZN. Western Wealth Management LLC raised its stake in shares of Amazon.com by 0.9% during the first quarter. Western Wealth Management LLC now owns 140,122 shares of the e-commerce giant’s stock worth $26,660,000 after acquiring an additional 1,297 shares in the last quarter. Flaharty Asset Management LLC raised its position in shares of Amazon.com by 87.7% in the 1st quarter. Flaharty Asset Management LLC now owns 5,088 shares of the e-commerce giant’s stock worth $968,000 after acquiring an additional 2,377 shares in the last quarter. Barnes Dennig Private Wealth Management LLC bought a new position in Amazon.com in the first quarter worth $514,000. Colonial Trust Co SC lifted its position in Amazon.com by 5.9% during the 4th quarter. Colonial Trust Co SC now owns 61,074 shares of the e-commerce giant’s stock valued at $13,399,000 after acquiring an additional 3,413 shares during the period. Finally, McIlrath & Eck LLC grew its holdings in Amazon.com by 8.8% in the fourth quarter. McIlrath & Eck LLC now owns 18,498 shares of the e-commerce giant’s stock worth $4,058,000 after purchasing an additional 1,490 shares during the period. 72.20% of the stock is currently owned by institutional investors.
Amazon.com Stock Up 0.1%
NASDAQ:AMZN opened at $231.48 on Friday. The company has a debt-to-equity ratio of 0.15, a current ratio of 1.02 and a quick ratio of 0.81. The company has a 50-day moving average of $227.81 and a 200 day moving average of $209.43. Amazon.com, Inc. has a 1-year low of $161.38 and a 1-year high of $242.52. The firm has a market cap of $2.47 trillion, a PE ratio of 35.29, a price-to-earnings-growth ratio of 1.55 and a beta of 1.30.
Wall Street Analyst Weigh In
A number of equities research analysts have recently commented on the company. Jefferies Financial Group reissued a “buy” rating on shares of Amazon.com in a research note on Thursday, September 11th. BNP Paribas upgraded shares of Amazon.com from a “hold” rating to a “strong-buy” rating in a research note on Friday, June 27th. Zacks Research lowered shares of Amazon.com from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, August 19th. Truist Financial lifted their target price on shares of Amazon.com from $250.00 to $270.00 and gave the stock a “buy” rating in a report on Tuesday, September 16th. Finally, Sanford C. Bernstein set a $235.00 target price on shares of Amazon.com and gave the stock an “outperform” rating in a research note on Tuesday, July 1st. Two equities research analysts have rated the stock with a Strong Buy rating, forty-six have given a Buy rating and two have issued a Hold rating to the stock. According to MarketBeat.com, Amazon.com currently has an average rating of “Buy” and an average price target of $263.30.
Read Our Latest Stock Analysis on Amazon.com
Insider Activity at Amazon.com
In related news, insider Jeffrey P. Bezos sold 4,273,237 shares of the stock in a transaction that occurred on Friday, July 11th. The shares were 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 of the company’s stock, valued at $201,816,902,603.28. This represents a 0.47% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this link. In the last three months, insiders have sold 25,097,911 shares of company stock worth $5,676,032,574. Insiders own 9.70% of the company’s stock.
Amazon.com Company 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.
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