Physicians Financial Services Inc. grew its position in shares of Amazon.com, Inc. (NASDAQ:AMZN – Free Report) by 1.3% during the first quarter, according to its most recent filing with the SEC. The firm owned 91,128 shares of the e-commerce giant’s stock after acquiring an additional 1,160 shares during the period. Amazon.com comprises about 4.0% of Physicians Financial Services Inc.’s holdings, making the stock its 3rd largest holding. Physicians Financial Services Inc.’s holdings in Amazon.com were worth $9,413,000 at the end of the most recent reporting period.
A number of other hedge funds and other institutional investors have also recently made changes to their positions in AMZN. St. James Investment Advisors LLC lifted its holdings in shares of Amazon.com by 97.7% during the fourth quarter. St. James Investment Advisors LLC now owns 344 shares of the e-commerce giant’s stock valued at $29,000 after purchasing an additional 170 shares during the last quarter. Laurel Wealth Planning LLC increased its holdings in shares of Amazon.com by 1,900.0% during the second quarter. Laurel Wealth Planning LLC now owns 320 shares of the e-commerce giant’s stock valued at $34,000 after acquiring an additional 304 shares in the last quarter. Sanctuary Wealth Management L.L.C. bought a new position in shares of Amazon.com during the fourth quarter valued at $37,000. Swaine & Leidel Wealth Services LLC bought a new position in shares of Amazon.com during the first quarter valued at $38,000. Finally, Ruedi Wealth Management Inc. bought a new position in shares of Amazon.com during the fourth quarter valued at $40,000. Hedge funds and other institutional investors own 57.96% of the company’s stock.
Insider Transactions at Amazon.com
In other news, CEO Adam Selipsky sold 500 shares of the company’s stock in a transaction dated Wednesday, June 21st. The shares were sold at an average price of $125.07, for a total value of $62,535.00. Following the transaction, the chief executive officer now directly owns 151,780 shares in the company, valued at $18,983,124.60. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. In related news, VP Shelley Reynolds sold 3,100 shares of Amazon.com stock in a transaction dated Monday, August 21st. The stock was sold at an average price of $133.87, for a total value of $414,997.00. Following the completion of the sale, the vice president now directly owns 119,780 shares in the company, valued at $16,034,948.60. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CEO Adam Selipsky sold 500 shares of the company’s stock in a transaction 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 sale, the chief executive officer now owns 151,780 shares of the company’s stock, valued at approximately $18,983,124.60. The disclosure for this sale can be found here. Over the last three months, insiders have sold 1,365,829 shares of company stock worth $49,002,857. 12.30% of the stock is currently owned by company insiders.
Amazon.com Price Performance
Amazon.com (NASDAQ:AMZN – Get Free Report) last issued its quarterly earnings results on Thursday, August 3rd. The e-commerce giant reported $0.63 earnings per share for the quarter, topping the consensus estimate of $0.34 by $0.29. Amazon.com had a return on equity of 9.14% and a net margin of 2.43%. The firm had revenue of $134.38 billion for the quarter, compared to the consensus estimate of $131.54 billion. As a group, equities research analysts forecast that Amazon.com, Inc. will post 2.23 EPS for the current year.
Wall Street Analysts Forecast Growth
A number of research firms have recently commented on AMZN. Citigroup increased their price target on shares of Amazon.com from $145.00 to $167.00 and gave the company a “buy” rating in a report on Friday, August 4th. Susquehanna boosted their price objective on shares of Amazon.com from $150.00 to $185.00 and gave the company a “positive” rating in a report on Friday, August 4th. Piper Sandler boosted their price objective on shares of Amazon.com from $175.00 to $185.00 and gave the company an “overweight” rating in a report on Thursday, August 24th. Redburn Partners upped their price objective on Amazon.com from $220.00 to $230.00 and gave the company a “buy” rating in a research report on Friday, August 11th. Finally, Tigress Financial upped their price objective on Amazon.com from $192.00 to $204.00 in a research report on Thursday, July 13th. Three research analysts have rated the stock with a hold rating and forty-seven have given a buy rating to the company. Based on data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $161.22.
View Our Latest Stock Report on AMZN
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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