Emfo LLC Has $5.50 Million Stake in Amazon.com, Inc. (NASDAQ:AMZN)

Emfo LLC boosted its holdings in Amazon.com, Inc. (NASDAQ:AMZN) by 7.9% in the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 28,462 shares of the e-commerce giant’s stock after buying an additional 2,087 shares during the period. Amazon.com makes up 4.9% of Emfo LLC’s investment portfolio, making the stock its 4th biggest holding. Emfo LLC’s holdings in Amazon.com were worth $5,500,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also bought and sold shares of the business. GUNN & Co INVESTMENT MANAGEMENT INC. raised its holdings in shares of Amazon.com by 291.8% in the 4th quarter. GUNN & Co INVESTMENT MANAGEMENT INC. now owns 28,995 shares of the e-commerce giant’s stock valued at $4,406,000 after acquiring an additional 21,595 shares in the last quarter. Essex Financial Services Inc. raised its stake in Amazon.com by 0.7% in the fourth quarter. Essex Financial Services Inc. now owns 111,194 shares of the e-commerce giant’s stock valued at $16,895,000 after purchasing an additional 774 shares in the last quarter. DiNuzzo Private Wealth Inc. bought a new stake in Amazon.com during the fourth quarter valued at approximately $131,000. Concord Wealth Partners grew its stake in Amazon.com by 25.0% in the 4th quarter. Concord Wealth Partners now owns 31,427 shares of the e-commerce giant’s stock worth $4,775,000 after buying an additional 6,290 shares in the last quarter. Finally, Howe & Rusling Inc. increased its holdings in shares of Amazon.com by 3.4% in the 4th quarter. Howe & Rusling Inc. now owns 102,470 shares of the e-commerce giant’s stock worth $15,569,000 after buying an additional 3,351 shares during the last quarter. Institutional investors own 72.20% of the company’s stock.

Insider Buying and Selling at Amazon.com

In related news, CFO Brian T. Olsavsky sold 14,600 shares of the company’s stock in a transaction that occurred on Wednesday, August 21st. The stock was sold at an average price of $180.00, for a total value of $2,628,000.00. Following the sale, the chief financial officer now owns 49,000 shares in the company, valued at approximately $8,820,000. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. In other Amazon.com news, insider Jeffrey P. Bezos sold 3,085,116 shares of Amazon.com stock in a transaction dated Friday, July 5th. The shares were sold at an average price of $200.07, for a total value of $617,239,158.12. Following the completion of the transaction, the insider now directly owns 931,925,277 shares of the company’s stock, valued at $186,450,290,169.39. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, CFO Brian T. Olsavsky sold 14,600 shares of the company’s stock in a transaction that occurred on Wednesday, August 21st. The stock was sold at an average price of $180.00, for a total transaction of $2,628,000.00. Following the completion of the transaction, the chief financial officer now owns 49,000 shares in the company, valued at approximately $8,820,000. The disclosure for this sale can be found here. Over the last quarter, insiders sold 6,104,317 shares of company stock valued at $1,220,621,322. Corporate insiders own 10.80% of the company’s stock.

Analyst Ratings Changes

Several brokerages recently issued reports on AMZN. Robert W. Baird upped their target price on shares of Amazon.com from $210.00 to $213.00 and gave the stock an “outperform” rating in a research report on Friday, June 21st. Wedbush reiterated an “outperform” rating and issued a $225.00 price objective on shares of Amazon.com in a report on Friday, August 2nd. TD Securities raised their price objective on Amazon.com from $225.00 to $245.00 in a report on Wednesday, July 10th. Piper Sandler dropped their target price on Amazon.com from $220.00 to $215.00 and set an “overweight” rating for the company in a research report on Friday, August 2nd. Finally, JMP Securities increased their price target on shares of Amazon.com from $245.00 to $265.00 and gave the company a “market outperform” rating in a research report on Tuesday, September 3rd. One equities research analyst has rated the stock with a hold rating, forty have assigned a buy rating and two have assigned a strong buy rating to the company. Based on data from MarketBeat.com, the company currently has a consensus rating of “Buy” and a consensus price target of $222.84.

Amazon.com Stock Up 0.9 %

AMZN stock opened at $191.60 on Friday. The company has a market capitalization of $1.99 trillion, a price-to-earnings ratio of 53.67, a price-to-earnings-growth ratio of 1.39 and a beta of 1.14. The business’s 50 day moving average price is $178.54 and its two-hundred day moving average price is $181.98. Amazon.com, Inc. has a fifty-two week low of $118.35 and a fifty-two week high of $201.20. The company has a debt-to-equity ratio of 0.23, a quick ratio of 0.88 and a current ratio of 1.10.

Amazon.com (NASDAQ:AMZN) last announced its quarterly earnings data on Thursday, August 1st. The e-commerce giant reported $1.23 EPS for the quarter, beating the consensus estimate of $1.05 by $0.18. The business had revenue of $147.98 billion during the quarter, compared to analyst estimates of $148.63 billion. Amazon.com had a return on equity of 21.39% and a net margin of 7.35%. As a group, analysts forecast that Amazon.com, Inc. will post 4.86 earnings per share for the current fiscal year.

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.