IFG Advisors LLC boosted its position in Amazon.com, Inc. (NASDAQ:AMZN – Free Report) by 1.2% during the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 6,604 shares of the e-commerce giant’s stock after buying an additional 80 shares during the period. IFG Advisors LLC’s holdings in Amazon.com were worth $861,000 at the end of the most recent quarter.
Several other hedge funds and other institutional investors have also bought and sold shares of the company. Laurel Wealth Planning LLC increased its stake in Amazon.com by 1,900.0% in the second quarter. Laurel Wealth Planning LLC now owns 320 shares of the e-commerce giant’s stock valued at $34,000 after purchasing an additional 304 shares in the last quarter. Sanctuary Wealth Management L.L.C. bought a new stake in Amazon.com in the fourth quarter valued at $37,000. Swaine & Leidel Wealth Services LLC bought a new stake in Amazon.com in the first quarter valued at $38,000. Ruedi Wealth Management Inc. bought a new stake in Amazon.com in the fourth quarter valued at $40,000. Finally, Atlantic Private Wealth LLC bought a new stake in Amazon.com in the first quarter valued at $43,000. Institutional investors and hedge funds own 57.96% of the company’s stock.
Analyst Ratings Changes
Several equities research analysts have weighed in on AMZN shares. Loop Capital lifted their price target on shares of Amazon.com from $180.00 to $200.00 and gave the company a “buy” rating in a research note on Wednesday, August 23rd. Needham & Company LLC reaffirmed a “buy” rating and issued a $160.00 price target on shares of Amazon.com in a research note on Thursday, September 28th. Piper Sandler boosted their target price on shares of Amazon.com from $175.00 to $185.00 and gave the stock an “overweight” rating in a research report on Thursday, August 24th. Rosenblatt Securities raised shares of Amazon.com from a “neutral” rating to a “buy” rating and boosted their target price for the stock from $111.00 to $184.00 in a research report on Friday, August 4th. Finally, Telsey Advisory Group reissued an “outperform” rating and set a $160.00 target price on shares of Amazon.com in a research report on Friday, September 22nd. Three equities research analysts have rated the stock with a hold rating and forty-eight have assigned a buy rating to the company. According to data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average price target of $161.30.
Insider Buying and Selling
In related news, CEO Douglas J. Herrington sold 4,000 shares of the company’s stock in a transaction that occurred on Monday, October 2nd. The shares were sold at an average price of $127.20, for a total transaction of $508,800.00. Following the sale, the chief executive officer now owns 522,316 shares of the company’s stock, valued at approximately $66,438,595.20. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. In other news, VP Shelley Reynolds sold 3,100 shares of the stock in a transaction on Monday, August 21st. The shares were sold at an average price of $133.87, for a total value of $414,997.00. Following the transaction, the vice president now owns 119,780 shares of the company’s stock, valued at approximately $16,034,948.60. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. Also, CEO Douglas J. Herrington sold 4,000 shares of the stock in a transaction on Monday, October 2nd. The stock was sold at an average price of $127.20, for a total transaction of $508,800.00. Following the completion of the transaction, the chief executive officer now directly owns 522,316 shares in the company, valued at approximately $66,438,595.20. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 1,408,145 shares of company stock valued at $55,144,443. Company insiders own 12.30% of the company’s stock.
Amazon.com Stock Performance
Amazon.com stock opened at $127.96 on Friday. The firm’s 50 day simple moving average is $134.65 and its 200 day simple moving average is $122.71. The company has a current ratio of 0.95, a quick ratio of 0.70 and a debt-to-equity ratio of 0.37. The firm has a market capitalization of $1.32 trillion, a PE ratio of 100.76, a price-to-earnings-growth ratio of 1.68 and a beta of 1.24. Amazon.com, Inc. has a 1-year low of $81.43 and a 1-year high of $145.86.
Amazon.com (NASDAQ:AMZN – Get Free Report) last posted its earnings results on Thursday, August 3rd. The e-commerce giant reported $0.63 earnings per share for the quarter, topping analysts’ consensus estimates of $0.34 by $0.29. The business had revenue of $134.38 billion for the quarter, compared to analyst estimates of $131.54 billion. Amazon.com had a net margin of 2.43% and a return on equity of 9.14%. As a group, analysts expect that Amazon.com, Inc. will post 2.23 earnings per share for the current fiscal year.
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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