AFG Fiduciary Services Limited Partnership Has $6.08 Million Stock Holdings in Amazon.com, Inc. (NASDAQ:AMZN)

AFG Fiduciary Services Limited Partnership increased its position in Amazon.com, Inc. (NASDAQ:AMZN) by 2.1% in the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 32,177 shares of the e-commerce giant’s stock after acquiring an additional 649 shares during the quarter. Amazon.com comprises approximately 1.9% of AFG Fiduciary Services Limited Partnership’s holdings, making the stock its 5th biggest position. AFG Fiduciary Services Limited Partnership’s holdings in Amazon.com were worth $6,076,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in the company. EdgeRock Capital LLC bought a new stake in Amazon.com during the third quarter valued at about $2,029,000. Kapitalo Investimentos Ltda grew its position in shares of Amazon.com by 489.8% during the third quarter. Kapitalo Investimentos Ltda now owns 82,544 shares of the e-commerce giant’s stock worth $15,380,000 after purchasing an additional 68,549 shares in the last quarter. ERn Financial LLC grew its position in shares of Amazon.com by 2.1% during the third quarter. ERn Financial LLC now owns 19,279 shares of the e-commerce giant’s stock worth $3,592,000 after purchasing an additional 391 shares in the last quarter. Lynch & Associates IN grew its position in shares of Amazon.com by 1.1% during the third quarter. Lynch & Associates IN now owns 20,368 shares of the e-commerce giant’s stock worth $3,795,000 after purchasing an additional 219 shares in the last quarter. Finally, Brady Family Wealth LLC grew its position in shares of Amazon.com by 3.5% during the third quarter. Brady Family Wealth LLC now owns 33,991 shares of the e-commerce giant’s stock worth $6,334,000 after purchasing an additional 1,161 shares in the last quarter. Institutional investors own 72.20% of the company’s stock.

Analyst Upgrades and Downgrades

Several research firms recently issued reports on AMZN. JMP Securities increased their target price on Amazon.com from $265.00 to $285.00 and gave the stock a “market outperform” rating in a research report on Friday, November 1st. Roth Mkm increased their target price on Amazon.com from $210.00 to $215.00 and gave the stock a “buy” rating in a research report on Friday, August 2nd. Jefferies Financial Group increased their target price on Amazon.com from $225.00 to $235.00 and gave the stock a “buy” rating in a research report on Friday, November 1st. Loop Capital increased their target price on Amazon.com from $225.00 to $275.00 and gave the stock a “buy” rating in a research report on Wednesday, November 6th. Finally, Barclays raised their price target on Amazon.com from $220.00 to $235.00 and gave the company an “overweight” rating in a report on Friday, August 2nd. Two investment analysts have rated the stock with a hold rating, forty have issued a buy rating and one has issued a strong buy rating to the company’s stock. According to MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $234.55.

Amazon.com Price Performance

AMZN stock opened at $214.10 on Thursday. The company has a debt-to-equity ratio of 0.21, a current ratio of 1.09 and a quick ratio of 0.87. The business has a 50 day simple moving average of $189.05 and a 200-day simple moving average of $185.15. The firm has a market capitalization of $2.25 trillion, a PE ratio of 45.85, a price-to-earnings-growth ratio of 1.40 and a beta of 1.14. Amazon.com, Inc. has a 1 year low of $139.52 and a 1 year high of $215.09.

Amazon.com (NASDAQ:AMZN) last released its quarterly earnings data on Thursday, October 31st. The e-commerce giant reported $1.43 EPS for the quarter, beating analysts’ consensus estimates 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 analysts’ expectations of $157.28 billion. During the same period in the prior year, the firm posted $0.85 earnings per share. The firm’s quarterly revenue was up 11.0% on a year-over-year basis. Equities research analysts anticipate that Amazon.com, Inc. will post 5.27 earnings per share for the current fiscal year.

Insiders Place Their Bets

In other Amazon.com news, insider Jeffrey P. Bezos sold 2,996,362 shares of the company’s stock in a transaction on Monday, November 11th. The stock was sold at an average price of $206.75, for a total transaction of $619,497,843.50. Following the transaction, the insider now directly owns 914,420,614 shares in the company, valued at $189,056,461,944.50. This represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. In other news, Director Jonathan Rubinstein sold 4,766 shares of the stock in a transaction on Thursday, November 7th. The stock was sold at an average price of $209.85, for a total value of $1,000,145.10. Following the sale, the director now directly owns 94,630 shares in the company, valued at approximately $19,858,105.50. This trade represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, insider Jeffrey P. Bezos sold 2,996,362 shares of the stock in a transaction on Monday, November 11th. The shares were sold at an average price of $206.75, for a total value of $619,497,843.50. Following the completion of the sale, the insider now owns 914,420,614 shares in the company, valued at approximately $189,056,461,944.50. The trade was a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 6,053,349 shares of company stock worth $1,256,503,289 over the last ninety days. Corporate insiders own 10.80% of the company’s stock.

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.