Arkansas Financial Group Inc. Invests $233,000 in Amazon.com, Inc. (NASDAQ:AMZN)

Arkansas Financial Group Inc. purchased a new position in shares of Amazon.com, Inc. (NASDAQ:AMZN) in the 1st quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm purchased 1,290 shares of the e-commerce giant’s stock, valued at approximately $233,000.

Several other hedge funds and other institutional investors have also modified their holdings of the company. Norges Bank purchased a new position in Amazon.com in the fourth quarter valued at $17,700,551,000. Vanguard Group Inc. boosted its holdings in Amazon.com by 4.4% in the third quarter. Vanguard Group Inc. now owns 757,951,795 shares of the e-commerce giant’s stock valued at $96,350,832,000 after purchasing an additional 32,038,029 shares during the period. International Assets Investment Management LLC boosted its holdings in Amazon.com by 16,029.3% in the fourth quarter. International Assets Investment Management LLC now owns 23,865,216 shares of the e-commerce giant’s stock valued at $36,260,810,000 after purchasing an additional 23,717,254 shares during the period. FMR LLC boosted its holdings in Amazon.com by 7.7% in the third quarter. FMR LLC now owns 302,101,441 shares of the e-commerce giant’s stock valued at $38,403,135,000 after purchasing an additional 21,649,871 shares during the period. Finally, Global Assets Advisory LLC boosted its holdings in Amazon.com by 30,350.2% in the first quarter. Global Assets Advisory LLC now owns 6,531,569 shares of the e-commerce giant’s stock valued at $1,178,164,000 after purchasing an additional 6,510,119 shares during the period. 72.20% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

A number of research analysts recently issued reports on AMZN shares. UBS Group lifted their target price on Amazon.com from $215.00 to $217.00 and gave the company a “buy” rating in a report on Wednesday, May 1st. Stifel Nicolaus lifted their target price on Amazon.com from $224.00 to $228.00 and gave the company a “buy” rating in a report on Wednesday, May 1st. Truist Financial lifted their target price on Amazon.com from $216.00 to $220.00 and gave the company a “buy” rating in a report on Wednesday, May 1st. JPMorgan Chase & Co. lifted their price target on Amazon.com from $225.00 to $240.00 and gave the stock an “overweight” rating in a report on Wednesday, May 1st. Finally, Moffett Nathanson reaffirmed a “buy” rating and set a $228.00 price target on shares of Amazon.com in a report on Thursday, April 11th. One analyst has rated the stock with a hold rating, forty-three have given a buy rating and one has assigned a strong buy rating to the company’s stock. Based on data from MarketBeat.com, Amazon.com has an average rating of “Buy” and a consensus target price of $215.86.

Amazon.com Price Performance

Shares of NASDAQ:AMZN opened at $197.20 on Tuesday. The firm has a market capitalization of $2.05 trillion, a price-to-earnings ratio of 55.24, a price-to-earnings-growth ratio of 1.38 and a beta of 1.15. The company has a debt-to-equity ratio of 0.27, a current ratio of 1.07 and a quick ratio of 0.87. The business’s 50 day simple moving average is $183.87 and its 200-day simple moving average is $173.28. Amazon.com, Inc. has a 12 month low of $118.35 and a 12 month high of $199.84.

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

Insider Buying and Selling

In related news, VP Shelley Reynolds sold 2,700 shares of the company’s stock in a transaction that occurred on Tuesday, May 21st. The stock was sold at an average price of $181.39, for a total value of $489,753.00. Following the sale, the vice president now owns 119,780 shares in the company, valued at approximately $21,726,894.20. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. In related news, VP Shelley Reynolds sold 2,700 shares of the company’s stock in a transaction that occurred on Tuesday, May 21st. The stock was sold at an average price of $181.39, for a total value of $489,753.00. Following the sale, the vice president now owns 119,780 shares in the company, valued at approximately $21,726,894.20. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, CEO Andrew R. Jassy sold 20,784 shares of the company’s stock in a transaction that occurred on Tuesday, May 21st. The stock was sold at an average price of $181.44, for a total value of $3,771,048.96. Following the completion of the sale, the chief executive officer now owns 2,025,358 shares in the company, valued at approximately $367,480,955.52. The disclosure for this sale can be found here. Insiders have sold a total of 66,548 shares of company stock worth $12,180,239 in the last quarter. Company insiders own 10.80% of the company’s stock.

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.