Amazon.com, Inc. (NASDAQ:AMZN) Shares Acquired by Financial Strategies Group Inc.

Financial Strategies Group Inc. grew its position in Amazon.com, Inc. (NASDAQ:AMZN) by 12.4% during the fourth quarter, according to its most recent Form 13F filing with the SEC. The firm owned 37,337 shares of the e-commerce giant’s stock after purchasing an additional 4,114 shares during the period. Amazon.com makes up 1.7% of Financial Strategies Group Inc.’s holdings, making the stock its 15th largest position. Financial Strategies Group Inc.’s holdings in Amazon.com were worth $5,857,000 at the end of the most recent quarter.

A number of other hedge funds have also modified their holdings of AMZN. PayPay Securities Corp raised its stake in shares of Amazon.com by 54.3% during the 3rd quarter. PayPay Securities Corp now owns 267 shares of the e-commerce giant’s stock valued at $34,000 after buying an additional 94 shares during the last quarter. E Fund Management Hong Kong Co. Ltd. grew its holdings in Amazon.com by 45.0% during the fourth quarter. E Fund Management Hong Kong Co. Ltd. now owns 277 shares of the e-commerce giant’s stock worth $42,000 after acquiring an additional 86 shares during the period. Harbor Investment Advisory LLC raised its position in Amazon.com by 0.7% during the fourth quarter. Harbor Investment Advisory LLC now owns 299,959 shares of the e-commerce giant’s stock valued at $46,000 after acquiring an additional 1,988 shares in the last quarter. Authentikos Wealth Advisory LLC acquired a new position in Amazon.com in the third quarter valued at approximately $49,000. Finally, Bruce G. Allen Investments LLC purchased a new stake in Amazon.com in the 4th quarter worth approximately $57,000. 72.20% of the stock is owned by institutional investors and hedge funds.

Insider Buying and Selling

In other Amazon.com news, CEO Douglas J. Herrington sold 20,200 shares of the firm’s stock in a transaction that occurred on Wednesday, February 7th. The shares were sold at an average price of $169.99, for a total value of $3,433,798.00. Following the completion of the transaction, the chief executive officer now owns 514,131 shares of the company’s stock, valued at approximately $87,397,128.69. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. In other Amazon.com news, CEO Douglas J. Herrington sold 20,200 shares of the company’s stock in a transaction dated Wednesday, February 7th. The stock was sold at an average price of $169.99, for a total transaction of $3,433,798.00. Following the sale, the chief executive officer now owns 514,131 shares in the company, valued at approximately $87,397,128.69. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Also, CEO Douglas J. Herrington sold 14,300 shares of Amazon.com stock in a transaction dated Monday, February 12th. The shares were sold at an average price of $175.00, for a total value of $2,502,500.00. Following the completion of the transaction, the chief executive officer now owns 499,831 shares of the company’s stock, valued at approximately $87,470,425. The disclosure for this sale can be found here. Insiders have sold a total of 32,217,010 shares of company stock valued at $5,506,442,301 in the last ninety days. Company insiders own 10.80% of the company’s stock.

Amazon.com Price Performance

AMZN stock opened at $188.70 on Tuesday. The business’s fifty day moving average price is $179.29 and its 200 day moving average price is $161.18. Amazon.com, Inc. has a 12-month low of $104.70 and a 12-month high of $189.77. The company has a current ratio of 1.07, a quick ratio of 0.87 and a debt-to-equity ratio of 0.27. The company has a market capitalization of $1.96 trillion, a PE ratio of 52.86, a P/E/G ratio of 1.35 and a beta of 1.15.

Amazon.com (NASDAQ:AMZN) last issued its quarterly earnings results on Tuesday, April 30th. The e-commerce giant reported $0.98 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.83 by $0.15. The company had revenue of $143.31 billion for the quarter, compared to analyst estimates of $142.65 billion. Amazon.com had a net margin of 6.38% and a return on equity of 19.86%. The business’s revenue for the quarter was up 12.5% compared to the same quarter last year. During the same period in the prior year, the firm earned $0.31 earnings per share. On average, sell-side analysts anticipate that Amazon.com, Inc. will post 4.67 EPS for the current year.

Analysts Set New Price Targets

Several equities analysts have recently weighed in on AMZN shares. The Goldman Sachs Group lifted their target price on shares of Amazon.com from $220.00 to $225.00 and gave the company a “buy” rating in a report on Wednesday, May 1st. Canaccord Genuity Group lifted their price target on Amazon.com from $185.00 to $200.00 and gave the company a “buy” rating in a research note on Friday, February 2nd. Morgan Stanley raised their price objective on Amazon.com from $215.00 to $220.00 and gave the company an “overweight” rating in a report on Wednesday, May 1st. Needham & Company LLC restated a “buy” rating and issued a $205.00 price objective on shares of Amazon.com in a research report on Wednesday, May 1st. Finally, TD Cowen increased their target price on Amazon.com from $200.00 to $225.00 and gave the company an “outperform” rating in a research report on Friday, February 2nd. One equities research analyst has rated the stock with a hold rating, forty-four have given a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Buy” and an average price target of $211.62.

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.