Amazon.com, Inc. $AMZN is IFP Advisors Inc’s 9th Largest Position

IFP Advisors Inc decreased its holdings in Amazon.com, Inc. (NASDAQ:AMZN) by 3.0% in the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 163,455 shares of the e-commerce giant’s stock after selling 5,124 shares during the period. Amazon.com comprises about 1.0% of IFP Advisors Inc’s investment portfolio, making the stock its 9th biggest holding. IFP Advisors Inc’s holdings in Amazon.com were worth $35,861,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also modified their holdings of AMZN. Carderock Capital Management Inc. purchased a new position in shares of Amazon.com in the 2nd quarter worth $27,000. Cooksen Wealth LLC purchased a new position in shares of Amazon.com in the 1st quarter worth $36,000. Inlight Wealth Management LLC purchased a new position in shares of Amazon.com in the 1st quarter worth $40,000. Maryland Capital Advisors Inc. boosted its stake in shares of Amazon.com by 81.9% in the 2nd quarter. Maryland Capital Advisors Inc. now owns 211 shares of the e-commerce giant’s stock worth $46,000 after buying an additional 95 shares during the last quarter. Finally, Capitol Family Office Inc. purchased a new position in shares of Amazon.com in the 1st quarter worth $42,000. Institutional investors own 72.20% of the company’s stock.

Amazon.com Stock Up 0.5%

Shares of NASDAQ AMZN opened at $230.30 on Thursday. The firm’s 50-day moving average price is $225.17 and its 200-day moving average price is $215.34. The company has a current ratio of 1.02, a quick ratio of 0.81 and a debt-to-equity ratio of 0.15. The stock has a market capitalization of $2.46 trillion, a price-to-earnings ratio of 35.11, a P/E/G ratio of 1.51 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.

Amazon.com (NASDAQ:AMZN) last issued its quarterly earnings results on Thursday, July 31st. The e-commerce giant reported $1.68 EPS for the quarter, beating the consensus estimate of $1.31 by $0.37. The company had revenue of $167.70 billion for the quarter, compared to the consensus estimate of $161.80 billion. Amazon.com had a net margin of 10.54% and a return on equity of 23.84%. The firm’s revenue was up 13.3% compared to the same quarter last year. During the same period in the prior year, the firm posted $1.26 EPS. On average, equities research analysts anticipate that Amazon.com, Inc. will post 6.31 EPS for the current fiscal year.

Insider Activity at Amazon.com

In other Amazon.com news, CEO Douglas J. Herrington sold 6,835 shares of the business’s stock in a transaction dated Thursday, August 21st. The shares were sold at an average price of $221.62, for a total value of $1,514,772.70. Following the completion of the sale, the chief executive officer directly owned 520,507 shares of the company’s stock, valued at $115,354,761.34. The trade was a 1.30% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, CEO Andrew R. Jassy sold 19,872 shares of Amazon.com stock in a transaction that occurred on Thursday, August 21st. The shares were sold at an average price of $221.58, for a total transaction of $4,403,237.76. Following the sale, the chief executive officer directly owned 2,178,502 shares of the company’s stock, valued at $482,712,473.16. This represents a 0.90% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold a total of 97,911 shares of company stock worth $21,765,202 in the last three months. 9.70% of the stock is owned by insiders.

Analysts Set New Price Targets

AMZN has been the topic of a number of recent research reports. Canaccord Genuity Group reaffirmed a “buy” rating and issued a $280.00 target price on shares of Amazon.com in a report on Friday, August 1st. Citigroup reaffirmed a “market outperform” rating on shares of Amazon.com in a report on Tuesday. Morgan Stanley reaffirmed an “overweight” rating on shares of Amazon.com in a report on Wednesday, September 10th. KeyCorp initiated coverage on Amazon.com in a report on Thursday, October 23rd. They issued an “overweight” rating on the stock. Finally, Roth Capital set a $250.00 price target on Amazon.com and gave the stock a “buy” rating in a research note on Tuesday, July 8th. Four equities research analysts have rated the stock with a Strong Buy rating, forty-eight have given a Buy rating and one has issued a Hold rating to the company. According to data from MarketBeat.com, the stock presently has an average rating of “Buy” and a consensus price target of $268.54.

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.