Trek Financial LLC boosted its position in shares of Amazon.com, Inc. (NASDAQ:AMZN) by 3.9% during the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 62,262 shares of the e-commerce giant’s stock after acquiring an additional 2,364 shares during the quarter. Trek Financial LLC’s holdings in Amazon.com were worth $6,431,000 at the end of the most recent reporting period.
Several other institutional investors and hedge funds have also recently added to or reduced their stakes in AMZN. Fiduciary Planning LLC lifted its holdings in Amazon.com by 1.5% in the 1st quarter. Fiduciary Planning LLC now owns 349 shares of the e-commerce giant’s stock worth $1,138,000 after purchasing an additional 5 shares in the last quarter. HBC Financial Services PLLC increased its position in shares of Amazon.com by 0.8% during the 1st quarter. HBC Financial Services PLLC now owns 616 shares of the e-commerce giant’s stock valued at $1,717,000 after purchasing an additional 5 shares during the last quarter. Meridian Investment Counsel Inc. increased its position in shares of Amazon.com by 3.4% during the 1st quarter. Meridian Investment Counsel Inc. now owns 151 shares of the e-commerce giant’s stock valued at $492,000 after purchasing an additional 5 shares during the last quarter. Alterna Wealth Management Inc. increased its position in shares of Amazon.com by 1.8% during the 1st quarter. Alterna Wealth Management Inc. now owns 289 shares of the e-commerce giant’s stock valued at $942,000 after purchasing an additional 5 shares during the last quarter. Finally, Archetype Wealth Partners increased its position in shares of Amazon.com by 3.7% during the 1st quarter. Archetype Wealth Partners now owns 169 shares of the e-commerce giant’s stock valued at $552,000 after purchasing an additional 6 shares during the last quarter. 57.96% of the stock is owned by institutional investors.
Amazon.com Stock Up 0.3 %
Shares of AMZN opened at $138.23 on Friday. The company has a current ratio of 0.95, a quick ratio of 0.70 and a debt-to-equity ratio of 0.37. Amazon.com, Inc. has a 12 month low of $81.43 and a 12 month high of $143.63. The stock’s 50 day moving average is $133.76 and its two-hundred day moving average is $117.39. The firm has a market cap of $1.43 trillion, a P/E ratio of 108.84, a PEG ratio of 1.79 and a beta of 1.24.
Analyst Upgrades and Downgrades
AMZN has been the topic of several research analyst reports. Evercore ISI upped their price objective on Amazon.com from $150.00 to $190.00 and gave the company an “outperform” rating in a research report on Friday, August 4th. Tigress Financial upped their target price on Amazon.com from $192.00 to $204.00 in a report on Thursday, July 13th. Stifel Nicolaus upped their target price on Amazon.com from $101.00 to $115.00 and gave the stock a “buy” rating in a report on Friday, August 4th. Credit Suisse Group upped their target price on Amazon.com from $176.00 to $189.00 and gave the stock an “outperform” rating in a report on Friday, August 4th. Finally, Needham & Company LLC upped their price objective on Amazon.com from $150.00 to $160.00 and gave the stock a “buy” rating in a research note on Friday, August 4th. Three analysts have rated the stock with a hold rating and forty-seven have issued a buy rating to the company’s stock. According to data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $160.87.
Read Our Latest Stock Report on Amazon.com
Insider Activity
In other news, CEO Douglas J. Herrington sold 50,000 shares of the firm’s stock in a transaction that occurred on Friday, August 4th. The stock was sold at an average price of $141.00, for a total value of $7,050,000.00. Following the transaction, the chief executive officer now owns 510,301 shares in the company, valued at $71,952,441. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. In other news, CEO Douglas J. Herrington sold 50,000 shares of the firm’s stock in a transaction that occurred on Friday, August 4th. The stock was sold at an average price of $141.00, for a total value of $7,050,000.00. Following the transaction, the chief executive officer now owns 510,301 shares in the company, valued at $71,952,441. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, CEO Adam Selipsky sold 500 shares of Amazon.com stock in a transaction that occurred on Wednesday, June 21st. The stock was sold at an average price of $125.07, for a total value of $62,535.00. Following the transaction, the chief executive officer now owns 151,780 shares in the company, valued at approximately $18,983,124.60. The disclosure for this sale can be found here. Insiders have sold a total of 1,365,829 shares of company stock worth $49,002,857 over the last quarter. 12.30% of the stock is currently owned by corporate insiders.
About Amazon.com
Amazon.com, Inc engages in the retail sale of consumer products and subscriptions through online and physical stores in North America and internationally. It operates through three segments: North America, International, and Amazon Web Services (AWS). The company's products offered through its stores include merchandise and content purchased for resale; and products offered by third-party sellers.
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