Financial Management Professionals Inc. lifted its stake in Amazon.com, Inc. (NASDAQ:AMZN – Free Report) by 5.5% in the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 9,299 shares of the e-commerce giant’s stock after acquiring an additional 484 shares during the period. Financial Management Professionals Inc.’s holdings in Amazon.com were worth $2,040,000 as of its most recent filing with the Securities and Exchange Commission.
A number of other institutional investors also recently made changes to their positions in the stock. Western Wealth Management LLC lifted its stake in 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 valued at $26,660,000 after purchasing an additional 1,297 shares during the last quarter. Flaharty Asset Management LLC lifted 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 valued at $968,000 after acquiring an additional 2,377 shares in the last quarter. Barnes Dennig Private Wealth Management LLC acquired a new position in Amazon.com in the 1st quarter worth approximately $514,000. Border to Coast Pensions Partnership Ltd grew its position in Amazon.com by 6.0% during the 2nd quarter. Border to Coast Pensions Partnership Ltd now owns 1,136,311 shares of the e-commerce giant’s stock worth $249,295,000 after purchasing an additional 63,924 shares in the last quarter. Finally, Harbor Investment Advisory LLC raised its stake in Amazon.com by 0.7% during the 1st quarter. Harbor Investment Advisory LLC now owns 304,091 shares of the e-commerce giant’s stock valued at $58,000 after purchasing an additional 2,145 shares during the period. 72.20% of the stock is owned by institutional investors and hedge funds.
Amazon.com Stock Performance
Shares of AMZN stock opened at $219.51 on Friday. The firm has a market cap of $2.34 trillion, a PE ratio of 33.46, a P/E/G ratio of 1.47 and a beta of 1.28. Amazon.com, Inc. has a 12 month low of $161.38 and a 12 month high of $242.52. The company’s fifty day simple moving average is $226.55 and its 200-day simple moving average is $211.13. The company has a quick ratio of 0.81, a current ratio of 1.02 and a debt-to-equity ratio of 0.15.
Insider Buying and Selling at Amazon.com
In related news, insider Jeffrey P. Bezos sold 4,273,237 shares of the firm’s stock in a transaction dated 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 transaction, the insider directly owned 897,722,088 shares of the company’s stock, valued at approximately $201,816,902,603.28. This trade represents a 0.47% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Insiders have sold 20,845,122 shares of company stock valued at $4,731,747,929 over the last 90 days. 9.70% of the stock is owned by corporate insiders.
Wall Street Analysts Forecast Growth
Several analysts have issued reports on the stock. Barclays boosted their target price on shares of Amazon.com from $240.00 to $275.00 and gave the company an “overweight” rating in a research note on Friday, August 1st. Truist Financial boosted their target price on shares of Amazon.com from $250.00 to $270.00 and gave the company a “buy” rating in a research note on Tuesday, September 16th. Scotiabank boosted their target price on shares of Amazon.com from $250.00 to $275.00 and gave the company a “sector outperform” rating in a research note on Tuesday, July 22nd. Wolfe Research increased their target price on shares of Amazon.com from $265.00 to $270.00 in a research report on Tuesday, September 30th. Finally, BNP Paribas Exane upgraded shares of Amazon.com from a “neutral” rating to an “outperform” rating and set a $254.00 target price for the company in a research report on Friday, June 27th. Three investment analysts have rated the stock with a Strong Buy rating, forty-seven have assigned a Buy rating and one has issued a Hold rating to the company’s stock. According to MarketBeat.com, the company currently has an average rating of “Buy” and a consensus target price of $266.26.
Read Our Latest Stock Report on AMZN
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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