Team Financial Group LLC Acquires New Holdings in Amazon.com, Inc. (NASDAQ:AMZN)

Team Financial Group LLC acquired a new position in shares of Amazon.com, Inc. (NASDAQ:AMZN) during the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm acquired 1,137 shares of the e-commerce giant’s stock, valued at approximately $220,000.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. PayPay Securities Corp lifted its position in Amazon.com by 64.6% in the 2nd quarter. PayPay Securities Corp now owns 163 shares of the e-commerce giant’s stock valued at $32,000 after acquiring an additional 64 shares in the last quarter. Christopher J. Hasenberg Inc lifted its stake in Amazon.com by 650.0% in the 2nd quarter. Christopher J. Hasenberg Inc now owns 300 shares of the e-commerce giant’s stock valued at $58,000 after acquiring an additional 260 shares in the last quarter. Steph & Co. bought a new position in shares of Amazon.com during the 1st quarter worth approximately $65,000. Koesten Hirschmann & Crabtree INC. acquired a new stake in shares of Amazon.com in the first quarter valued at approximately $69,000. Finally, Innealta Capital LLC acquired a new stake in Amazon.com in the 2nd quarter valued at $77,000. 72.20% of the stock is currently owned by institutional investors.

Amazon.com Trading Up 0.0 %

Shares of AMZN stock opened at $189.07 on Tuesday. 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, Inc. has a fifty-two week low of $118.35 and a fifty-two week high of $201.20. The company has a market cap of $1.97 trillion, a PE ratio of 52.96, a P/E/G ratio of 1.38 and a beta of 1.14. The stock’s fifty day moving average price is $182.43 and its two-hundred day moving average price is $183.50.

Amazon.com (NASDAQ:AMZN) last posted its quarterly earnings data on Thursday, August 1st. The e-commerce giant reported $1.23 EPS for the quarter, topping analysts’ consensus estimates of $1.05 by $0.18. Amazon.com had a return on equity of 21.39% and a net margin of 7.35%. The company had revenue of $147.98 billion for the quarter, compared to analyst estimates of $148.63 billion. Equities analysts predict that Amazon.com, Inc. will post 4.85 EPS for the current fiscal year.

Insider Buying and Selling

In other Amazon.com news, CFO Brian T. Olsavsky sold 14,600 shares of the stock in a transaction dated 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 sale, the chief financial officer now directly owns 49,000 shares in the company, valued at approximately $8,820,000. This trade represents a 0.00 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. In other news, VP Shelley Reynolds sold 3,791 shares of the company’s stock in a transaction dated Wednesday, August 21st. The shares were sold at an average price of $181.04, for a total transaction of $686,322.64. Following the transaction, the vice president now owns 121,461 shares in the company, valued at approximately $21,989,299.44. This represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible 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 value of $2,628,000.00. Following the transaction, the chief financial officer now directly owns 49,000 shares in the company, valued at approximately $8,820,000. This trade represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 54,355 shares of company stock valued at $9,877,423 over the last quarter. Insiders own 10.80% of the company’s stock.

Analysts Set New Price Targets

A number of analysts recently issued reports on AMZN shares. Benchmark reaffirmed a “buy” rating and issued a $200.00 target price on shares of Amazon.com in a research report on Friday, August 2nd. Wells Fargo & Company cut Amazon.com from an “overweight” rating to an “equal weight” rating and dropped their price objective for the stock from $225.00 to $183.00 in a research note on Monday, October 7th. TD Securities raised their target price on shares of Amazon.com from $225.00 to $245.00 in a research note on Wednesday, July 10th. Evercore ISI reiterated an “outperform” rating and set a $240.00 price target on shares of Amazon.com in a report on Friday, October 11th. Finally, Truist Financial boosted their price target on Amazon.com from $230.00 to $265.00 and gave the stock a “buy” rating in a research report on Monday, September 30th. Two equities research analysts have rated the stock with a hold rating, forty-two have given a buy rating and one has given a strong buy rating to the company. According to MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average price target of $236.78.

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.