A&I Financial Services LLC lifted its stake in Amazon.com, Inc. (NASDAQ:AMZN – Free Report) by 7.6% during the 2nd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 5,817 shares of the e-commerce giant’s stock after buying an additional 410 shares during the quarter. Amazon.com comprises 0.7% of A&I Financial Services LLC’s portfolio, making the stock its 18th biggest holding. A&I Financial Services LLC’s holdings in Amazon.com were worth $1,276,000 as of its most recent filing with the Securities & Exchange Commission.
Several other institutional investors have also recently made changes to their positions in the stock. Avanza Fonder AB increased its stake in Amazon.com by 9.2% in the 2nd quarter. Avanza Fonder AB now owns 894,271 shares of the e-commerce giant’s stock worth $196,194,000 after acquiring an additional 75,636 shares during the last quarter. Matrix Trust Co increased its stake in Amazon.com by 43.9% in the 2nd quarter. Matrix Trust Co now owns 1,582 shares of the e-commerce giant’s stock worth $347,000 after acquiring an additional 483 shares during the last quarter. Sowell Financial Services LLC increased its stake in Amazon.com by 4.1% in the 2nd quarter. Sowell Financial Services LLC now owns 227,629 shares of the e-commerce giant’s stock worth $49,939,000 after acquiring an additional 8,957 shares during the last quarter. Westfuller Advisors LLC increased its stake in Amazon.com by 470.6% in the 2nd quarter. Westfuller Advisors LLC now owns 28,078 shares of the e-commerce giant’s stock worth $6,160,000 after acquiring an additional 23,157 shares during the last quarter. Finally, Quad Cities Investment Group LLC increased its stake in Amazon.com by 4.5% in the 2nd quarter. Quad Cities Investment Group LLC now owns 28,506 shares of the e-commerce giant’s stock worth $6,254,000 after acquiring an additional 1,236 shares during the last quarter. Institutional investors own 72.20% of the company’s stock.
Amazon.com Trading Up 1.1%
Shares of NASDAQ:AMZN opened at $222.17 on Tuesday. The business’s 50-day moving average is $227.30 and its 200 day moving average is $210.52. Amazon.com, Inc. has a 1 year low of $161.38 and a 1 year high of $242.52. The firm has a market capitalization of $2.37 trillion, a P/E ratio of 33.87, a P/E/G ratio of 1.47 and a beta of 1.31. The company has a debt-to-equity ratio of 0.15, a current ratio of 1.02 and a quick ratio of 0.81.
Analyst Upgrades and Downgrades
Several research firms have recently weighed in on AMZN. BNP Paribas Exane raised Amazon.com from a “neutral” rating to an “outperform” rating and set a $254.00 target price on the stock in a research report on Friday, June 27th. Deutsche Bank Aktiengesellschaft boosted their target price on Amazon.com from $230.00 to $266.00 in a research report on Tuesday, July 22nd. Westpark Capital reissued a “buy” rating and set a $280.00 target price on shares of Amazon.com in a research report on Friday, August 1st. Bank of America boosted their target price on Amazon.com from $265.00 to $272.00 and gave the company a “buy” rating in a research report on Friday, August 1st. Finally, Citigroup reissued an “overweight” rating on shares of Amazon.com in a research report on Wednesday, August 13th. Two analysts have rated the stock with a Strong Buy rating, forty-seven have given a Buy rating and one has issued a Hold rating to the company. According to data from MarketBeat.com, the company has a consensus rating of “Buy” and a consensus target price of $264.13.
Get Our Latest Stock Analysis on Amazon.com
Insider Transactions at Amazon.com
In other Amazon.com news, SVP David Zapolsky sold 13,570 shares of the stock in a transaction that occurred on Friday, August 22nd. The stock was sold at an average price of $222.76, for a total transaction of $3,022,853.20. Following the transaction, the senior vice president owned 44,110 shares in the company, valued at approximately $9,825,943.60. This represents a 23.53% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, CEO Douglas J. Herrington sold 2,500 shares of the stock in a transaction that occurred on Tuesday, September 2nd. The stock was sold at an average price of $223.49, for a total value of $558,725.00. Following the transaction, 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 position. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 21,770,485 shares of company stock valued at $4,938,795,968. 10.80% of the stock is 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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