Professional Financial Advisors LLC increased its stake in Amazon.com, Inc. (NASDAQ:AMZN – Free Report) by 0.7% in the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 10,191 shares of the e-commerce giant’s stock after acquiring an additional 73 shares during the period. Professional Financial Advisors LLC’s holdings in Amazon.com were worth $2,236,000 as of its most recent SEC filing.
Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Bare Financial Services Inc lifted its stake in Amazon.com by 5.4% in the first quarter. Bare Financial Services Inc now owns 930 shares of the e-commerce giant’s stock worth $177,000 after purchasing an additional 48 shares during the last quarter. Talisman Wealth Advisors LLC raised its stake in Amazon.com by 1.2% in 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 raised its stake in Amazon.com by 3.1% in 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. Hamel Associates Inc. raised its stake in Amazon.com by 1.4% in the first quarter. Hamel Associates Inc. now owns 4,100 shares of the e-commerce giant’s stock worth $780,000 after buying an additional 55 shares in the last quarter. Finally, Clifford Group LLC grew its holdings in Amazon.com by 0.4% in the first quarter. Clifford Group LLC now owns 13,605 shares of the e-commerce giant’s stock worth $2,589,000 after purchasing an additional 55 shares during the last quarter. Hedge funds and other institutional investors own 72.20% of the company’s stock.
Amazon.com Stock Performance
Shares of AMZN stock opened at $220.21 on Thursday. The company has a quick ratio of 0.81, a current ratio of 1.02 and a debt-to-equity ratio of 0.15. Amazon.com, Inc. has a 52 week low of $161.38 and a 52 week high of $242.52. The stock has a market capitalization of $2.35 trillion, a PE ratio of 33.57, a P/E/G ratio of 1.47 and a beta of 1.30. The firm has a 50 day moving average of $227.68 and a two-hundred day moving average of $209.83.
Analyst Upgrades and Downgrades
Several equities analysts have issued reports on the stock. Wells Fargo & Company raised shares of Amazon.com from an “equal weight” rating to an “overweight” rating and lifted their price target for the stock from $245.00 to $280.00 in a report on Wednesday. Jefferies Financial Group reaffirmed a “buy” rating on shares of Amazon.com in a report on Thursday, September 11th. Citigroup reissued an “overweight” rating on shares of Amazon.com in a research note on Wednesday, August 13th. DA Davidson upped their price target on shares of Amazon.com from $230.00 to $265.00 and gave the stock a “buy” rating in a research report on Friday, August 1st. Finally, Bank of America increased their price objective on shares of Amazon.com from $265.00 to $272.00 and gave the company a “buy” rating in a report on Friday, August 1st. Two equities research analysts have rated the stock with a Strong Buy rating, forty-seven have assigned a Buy rating and one has given a Hold rating to the stock. According to data from MarketBeat.com, Amazon.com has a consensus rating of “Buy” and a consensus target price of $264.04.
Check Out Our Latest Research Report on Amazon.com
Insiders Place Their Bets
In related news, CFO Brian T. Olsavsky sold 17,750 shares of Amazon.com stock in a transaction on Thursday, August 21st. The shares were sold at an average price of $222.74, for a total transaction of $3,953,635.00. Following the sale, the chief financial officer directly owned 49,000 shares in the company, valued at $10,914,260. This trade represents a 26.59% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, CEO Douglas J. Herrington sold 2,500 shares of Amazon.com stock in a transaction on Tuesday, September 2nd. The stock was sold at an average price of $223.49, for a total transaction of $558,725.00. Following the sale, the chief executive officer owned 518,007 shares in the company, valued at $115,769,384.43. This represents a 0.48% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders sold 25,097,911 shares of company stock worth $5,676,032,574. 9.70% of the stock is currently owned by insiders.
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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