Financial Advisory Partners LLC Buys New Shares in Amazon.com, Inc. (NASDAQ:AMZN)

Financial Advisory Partners LLC acquired a new stake in Amazon.com, Inc. (NASDAQ:AMZN) in the third quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor acquired 2,580 shares of the e-commerce giant’s stock, valued at approximately $481,000.

A number of other hedge funds also recently made changes to their positions in the business. PayPay Securities Corp boosted its stake in shares of 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 purchasing an additional 64 shares during the last quarter. Christopher J. Hasenberg Inc raised its position in shares of 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 during the period. Koesten Hirschmann & Crabtree INC. acquired a new stake in Amazon.com during the 1st quarter worth approximately $69,000. Innealta Capital LLC acquired a new stake in Amazon.com during the 2nd quarter worth approximately $77,000. Finally, Abich Financial Wealth Management LLC raised its holdings in Amazon.com by 84.7% during the 2nd quarter. Abich Financial Wealth Management LLC now owns 434 shares of the e-commerce giant’s stock worth $84,000 after buying an additional 199 shares during the period. Institutional investors and hedge funds own 72.20% of the company’s stock.

Insider Activity

In related news, CEO Andrew R. Jassy sold 20,784 shares of the company’s stock in a transaction dated Wednesday, August 21st. The stock was sold at an average price of $180.77, for a total value of $3,757,123.68. Following the completion of the transaction, the chief executive officer now owns 2,056,534 shares of the company’s stock, valued at approximately $371,759,651.18. This represents a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. In other Amazon.com news, CEO Andrew R. Jassy sold 20,784 shares of the business’s stock in a transaction that occurred on Wednesday, August 21st. The stock was sold at an average price of $180.77, for a total transaction of $3,757,123.68. Following the completion of the sale, the chief executive officer now directly owns 2,056,534 shares in the company, valued at approximately $371,759,651.18. The trade was a 0.00 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CFO Brian T. Olsavsky sold 14,600 shares of the business’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 of the company’s stock, 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 a total of 55,859 shares of company stock valued at $10,215,097 in the last quarter. 10.80% of the stock is currently owned by company insiders.

Amazon.com Price Performance

Shares of AMZN stock opened at $207.09 on Thursday. The company has a debt-to-equity ratio of 0.21, a quick ratio of 0.87 and a current ratio of 1.09. The stock has a 50 day moving average price of $186.48 and a 200 day moving average price of $184.23. The firm has a market capitalization of $2.17 trillion, a P/E ratio of 44.34, a P/E/G ratio of 1.46 and a beta of 1.14. Amazon.com, Inc. has a 52-week low of $139.52 and a 52-week high of $207.55.

Amazon.com (NASDAQ:AMZN) last announced its earnings results on Thursday, October 31st. The e-commerce giant reported $1.43 earnings per share for the quarter, topping the consensus estimate of $1.14 by $0.29. Amazon.com had a return on equity of 22.41% and a net margin of 8.04%. The firm had revenue of $158.88 billion for the quarter, compared to the consensus estimate of $157.28 billion. During the same period in the previous year, the business earned $0.85 EPS. The firm’s revenue for the quarter was up 11.0% on a year-over-year basis. As a group, sell-side analysts predict that Amazon.com, Inc. will post 4.98 earnings per share for the current year.

Wall Street Analyst Weigh In

Several equities analysts recently weighed in on the stock. Pivotal Research started coverage on shares of Amazon.com in a research note on Friday, October 11th. They issued a “buy” rating and a $260.00 target price for the company. Jefferies Financial Group boosted their price target on Amazon.com from $225.00 to $235.00 and gave the company a “buy” rating in a research note on Friday, November 1st. Bank of America boosted their price target on Amazon.com from $210.00 to $230.00 and gave the company a “buy” rating in a research note on Friday, November 1st. Wedbush boosted their target price on Amazon.com from $225.00 to $250.00 and gave the stock an “outperform” rating in a research note on Friday, November 1st. Finally, Morgan Stanley boosted their price target on Amazon.com from $210.00 to $230.00 and gave the stock an “overweight” rating in a report on Monday. Two equities research analysts have rated the stock with a hold rating, forty have given a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat.com, Amazon.com presently has an average rating of “Moderate Buy” and an average target price of $234.55.

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.