AFS Financial Group LLC Grows Position in Amazon.com, Inc. (NASDAQ:AMZN)

Posted by on Oct 4th, 2023

AFS Financial Group LLC increased its holdings in Amazon.com, Inc. (NASDAQ:AMZN) by 2.0% in the second quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 12,890 shares of the e-commerce giant’s stock after buying an additional 250 shares during the period. Amazon.com comprises approximately 1.1% of AFS Financial Group LLC’s investment portfolio, making the stock its 17th biggest holding. AFS Financial Group LLC’s holdings in Amazon.com were worth $1,680,000 as of its most recent SEC filing.

A number of other hedge funds also recently bought and sold shares of AMZN. Fiduciary Planning LLC lifted its stake in Amazon.com by 1.5% in the 1st quarter. Fiduciary Planning LLC now owns 349 shares of the e-commerce giant’s stock valued at $1,138,000 after buying an additional 5 shares in the last quarter. HBC Financial Services PLLC raised its stake in Amazon.com by 0.8% in 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. raised its stake in Amazon.com by 3.4% in 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. raised its stake in Amazon.com by 1.8% in 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 raised its stake in Amazon.com by 3.7% in 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. Hedge funds and other institutional investors own 57.96% of the company’s stock.

Amazon.com Price Performance

Shares of NASDAQ:AMZN opened at $124.72 on Wednesday. The company’s fifty day moving average price is $134.80 and its 200 day moving average price is $122.44. The firm has a market capitalization of $1.29 trillion, a P/E ratio of 98.21, a P/E/G ratio of 1.68 and a beta of 1.24. The company has a debt-to-equity ratio of 0.37, a current ratio of 0.95 and a quick ratio of 0.70. Amazon.com, Inc. has a 12 month low of $81.43 and a 12 month high of $145.86.

Amazon.com (NASDAQ:AMZN – Get Free Report) last released its quarterly earnings results on Thursday, August 3rd. The e-commerce giant reported $0.63 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.34 by $0.29. The firm had revenue of $134.38 billion for the quarter, compared to the consensus estimate of $131.54 billion. Amazon.com had a return on equity of 9.14% and a net margin of 2.43%. As a group, sell-side analysts predict that Amazon.com, Inc. will post 2.23 earnings per share for the current fiscal year.

Insider Buying and Selling

In related news, CEO Adam Selipsky sold 500 shares of the stock in a transaction on Monday, July 24th. The shares were sold at an average price of $129.48, for a total transaction of $64,740.00. Following the completion of the sale, the chief executive officer now owns 149,780 shares in the company, valued at approximately $19,393,514.40. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. In related news, VP Shelley Reynolds sold 3,100 shares of the stock in a transaction dated Monday, August 21st. The shares were sold at an average price of $133.87, for a total transaction of $414,997.00. Following the completion of the transaction, the vice president now directly owns 119,780 shares of the company’s stock, valued at $16,034,948.60. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, CEO Adam Selipsky sold 500 shares of Amazon.com stock in a transaction that occurred on Monday, July 24th. The shares were sold at an average price of $129.48, for a total value of $64,740.00. Following the completion of the sale, the chief executive officer now directly owns 149,780 shares in the company, valued at approximately $19,393,514.40. The disclosure for this sale can be found here. Insiders sold a total of 1,404,645 shares of company stock worth $54,699,728 in the last 90 days. Company insiders own 12.70% of the company’s stock.

Analysts Set New Price Targets

AMZN has been the subject of several research reports. Roth Mkm upped their price objective on shares of Amazon.com from $155.00 to $165.00 and gave the company a “buy” rating in a research note on Friday, August 4th. Morgan Stanley restated an “overweight” rating and issued a $175.00 target price on shares of Amazon.com in a report on Monday. UBS Group lifted their price target on Amazon.com from $150.00 to $175.00 and gave the stock a “buy” rating in a report on Friday, August 4th. Sanford C. Bernstein raised their price objective on shares of Amazon.com from $140.00 to $155.00 and gave the stock an “outperform” rating in a research report on Wednesday, July 19th. Finally, Stifel Nicolaus boosted their target price on shares of Amazon.com from $101.00 to $115.00 and gave the company a “buy” rating in a report on Friday, August 4th. Three analysts have rated the stock with a hold rating and forty-eight have given a buy rating to the company’s stock. According to data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus target price of $161.30.

View Our Latest Research Report on Amazon.com

Amazon.com Profile

(Free Report)

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.

See Also

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Institutional Ownership by Quarter for Amazon.com (NASDAQ:AMZN)

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