Financial Enhancement Group LLC Buys 101 Shares of Amazon.com, Inc. (NASDAQ:AMZN)

Financial Enhancement Group LLC raised its stake in Amazon.com, Inc. (NASDAQ:AMZN) by 4.0% in the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 2,653 shares of the e-commerce giant’s stock after purchasing an additional 101 shares during the period. Financial Enhancement Group LLC’s holdings in Amazon.com were worth $494,000 as of its most recent SEC filing.

Other hedge funds have also recently bought and sold shares of the company. Collective Family Office LLC boosted its holdings in Amazon.com by 9.7% in the 1st quarter. Collective Family Office LLC now owns 9,278 shares of the e-commerce giant’s stock valued at $1,674,000 after purchasing an additional 819 shares during the period. Members Trust Co boosted its holdings in Amazon.com by 8.9% in the 4th quarter. Members Trust Co now owns 4,157 shares of the e-commerce giant’s stock valued at $638,000 after purchasing an additional 341 shares during the period. Cherrydale Wealth Management LLC lifted its holdings in shares of Amazon.com by 14.7% during the 4th quarter. Cherrydale Wealth Management LLC now owns 5,260 shares of the e-commerce giant’s stock worth $799,000 after acquiring an additional 675 shares during the period. Tompkins Financial Corp lifted its holdings in shares of Amazon.com by 3.3% during the 4th quarter. Tompkins Financial Corp now owns 71,576 shares of the e-commerce giant’s stock worth $10,875,000 after acquiring an additional 2,273 shares during the period. Finally, Nicholas Company Inc. lifted its holdings in shares of Amazon.com by 3.9% during the 3rd quarter. Nicholas Company Inc. now owns 705,065 shares of the e-commerce giant’s stock worth $89,628,000 after acquiring an additional 26,465 shares during the period. 72.20% of the stock is owned by institutional investors.

Amazon.com Stock Down 2.3 %

Amazon.com stock opened at $193.25 on Friday. The company’s 50 day simple moving average is $183.87 and its 200 day simple moving average is $173.11. Amazon.com, Inc. has a fifty-two week low of $118.35 and a fifty-two week high of $199.84. The firm has a market capitalization of $2.01 trillion, a price-to-earnings ratio of 54.13, a PEG ratio of 1.42 and a beta of 1.14. The company has a debt-to-equity ratio of 0.27, a current ratio of 1.07 and a quick ratio of 0.87.

Amazon.com (NASDAQ:AMZN) last released its quarterly earnings data on Tuesday, April 30th. The e-commerce giant reported $0.98 earnings per share for the quarter, topping the consensus estimate of $0.83 by $0.15. Amazon.com had a net margin of 6.38% and a return on equity of 19.86%. The business had revenue of $143.31 billion for the quarter, compared to analyst estimates of $142.65 billion. During the same quarter last year, the firm earned $0.31 EPS. Amazon.com’s quarterly revenue was up 12.5% compared to the same quarter last year. As a group, sell-side analysts anticipate that Amazon.com, Inc. will post 4.72 EPS for the current year.

Insider Buying and Selling

In related news, VP Shelley Reynolds sold 2,700 shares of Amazon.com stock in a transaction that occurred on Tuesday, May 21st. The shares were sold at an average price of $181.39, for a total transaction of $489,753.00. Following the transaction, the vice president now owns 119,780 shares of the company’s stock, valued at approximately $21,726,894.20. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. In other Amazon.com news, VP Shelley Reynolds sold 2,700 shares of Amazon.com stock in a transaction that occurred on Tuesday, May 21st. The shares were sold at an average price of $181.39, for a total value of $489,753.00. Following the transaction, the vice president now owns 119,780 shares of the company’s stock, valued at $21,726,894.20. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Also, CEO Adam Selipsky sold 500 shares of Amazon.com stock in a transaction that occurred on Thursday, April 4th. The shares were sold at an average price of $184.00, for a total transaction of $92,000.00. Following the completion of the transaction, the chief executive officer now directly owns 131,600 shares in the company, valued at approximately $24,214,400. The disclosure for this sale can be found here. Insiders have sold 65,338 shares of company stock valued at $11,894,344 in the last 90 days. 10.80% of the stock is owned by insiders.

Analyst Upgrades and Downgrades

AMZN has been the subject of a number of analyst reports. The Goldman Sachs Group raised their price objective on shares of Amazon.com from $220.00 to $225.00 and gave the stock a “buy” rating in a report on Wednesday, May 1st. Truist Financial raised their price objective on shares of Amazon.com from $216.00 to $220.00 and gave the stock a “buy” rating in a report on Wednesday, May 1st. Needham & Company LLC reaffirmed a “buy” rating and set a $205.00 price objective on shares of Amazon.com in a report on Wednesday, May 15th. Roth Mkm reaffirmed a “buy” rating and set a $210.00 price objective (up from $205.00) on shares of Amazon.com in a report on Wednesday, May 1st. Finally, Wedbush reaffirmed an “outperform” rating and set a $225.00 price objective on shares of Amazon.com in a report on Wednesday, May 1st. One research analyst has rated the stock with a hold rating, forty-three have issued a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat, the company presently has an average rating of “Buy” and an average target price of $215.86.

About Amazon.com

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.