Amazon.com, Inc. $AMZN Shares Bought by Financial Security Advisor Inc.

Financial Security Advisor Inc. raised its stake in Amazon.com, Inc. (NASDAQ:AMZN) by 11.9% during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 19,432 shares of the e-commerce giant’s stock after purchasing an additional 2,072 shares during the period. Amazon.com comprises 1.0% of Financial Security Advisor Inc.’s investment portfolio, making the stock its 21st biggest position. Financial Security Advisor Inc.’s holdings in Amazon.com were worth $4,263,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds also recently bought and sold shares of AMZN. Carderock Capital Management Inc. purchased a new position in shares of Amazon.com in the 2nd quarter valued at about $27,000. Cooksen Wealth LLC purchased a new position in Amazon.com during the 1st quarter worth approximately $36,000. Inlight Wealth Management LLC purchased a new position in Amazon.com during the 1st quarter worth approximately $40,000. Capitol Family Office Inc. purchased a new position in Amazon.com during the 1st quarter worth approximately $42,000. Finally, Maryland Capital Advisors Inc. grew its stake in Amazon.com by 81.9% during 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. Institutional investors and hedge funds own 72.20% of the company’s stock.

Amazon.com Stock Performance

Amazon.com stock opened at $230.30 on Thursday. The company has a debt-to-equity ratio of 0.15, a quick ratio of 0.81 and a current ratio of 1.02. The stock has a fifty day moving average of $225.17 and a two-hundred day moving average of $215.34. The company has a market capitalization of $2.46 trillion, a price-to-earnings ratio of 35.11, a PEG ratio of 1.51 and a beta of 1.28. Amazon.com, Inc. has a fifty-two week low of $161.38 and a fifty-two week high of $242.52.

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

Insider Activity

In other Amazon.com news, CEO Andrew R. Jassy sold 19,872 shares of the business’s stock in a transaction dated Thursday, August 21st. The stock was sold at an average price of $221.58, for a total transaction of $4,403,237.76. Following the completion of the sale, the chief executive officer owned 2,178,502 shares of the company’s stock, valued at approximately $482,712,473.16. The trade was a 0.90% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CFO Brian T. Olsavsky sold 17,750 shares of the business’s stock in a transaction dated Thursday, August 21st. The stock was sold at an average price of $222.74, for a total value of $3,953,635.00. Following the transaction, the chief financial officer owned 49,000 shares in the company, valued at approximately $10,914,260. This represents a 26.59% 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 valued at $21,765,202 in the last three months. Company insiders own 9.70% of the company’s stock.

Analyst Upgrades and Downgrades

AMZN has been the topic of a number of research reports. Stifel Nicolaus raised their price target on Amazon.com from $260.00 to $269.00 and gave the stock a “buy” rating in a research note on Friday, October 24th. Scotiabank raised their price target on Amazon.com from $250.00 to $275.00 and gave the stock a “sector outperform” rating in a research note on Tuesday, July 22nd. Barclays raised their price target on Amazon.com from $240.00 to $275.00 and gave the stock an “overweight” rating in a research note on Friday, August 1st. Benchmark reaffirmed a “buy” rating and set a $260.00 price objective on shares of Amazon.com in a research report on Wednesday, October 22nd. Finally, Needham & Company LLC reaffirmed a “buy” rating and set a $265.00 price objective on shares of Amazon.com in a research report on Friday, August 1st. Four analysts have rated the stock with a Strong Buy rating, forty-eight have issued a Buy rating and one has given a Hold rating to the stock. According to data from MarketBeat, Amazon.com currently has a consensus rating of “Buy” and an average price target of $268.54.

Amazon.com 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.