IFG Advisors LLC Boosts Stake in Amazon.com, Inc. (NASDAQ:AMZN)

IFG Advisors LLC boosted its stake in shares of Amazon.com, Inc. (NASDAQ:AMZN) by 14.3% during the third quarter, according to its most recent Form 13F filing with the SEC. The fund owned 8,039 shares of the e-commerce giant’s stock after buying an additional 1,006 shares during the period. IFG Advisors LLC’s holdings in Amazon.com were worth $1,498,000 at the end of the most recent quarter.

Several other large investors also recently added to or reduced their stakes in AMZN. China Universal Asset Management Co. Ltd. raised its stake in shares of Amazon.com by 31.6% in the first quarter. China Universal Asset Management Co. Ltd. now owns 182,359 shares of the e-commerce giant’s stock valued at $32,894,000 after acquiring an additional 43,759 shares in the last quarter. Quent Capital LLC lifted its stake in Amazon.com by 3.3% in the first quarter. Quent Capital LLC now owns 33,729 shares of the e-commerce giant’s stock worth $6,084,000 after acquiring an additional 1,081 shares during the last quarter. Pittenger & Anderson Inc. raised its holdings in Amazon.com by 1.6% during the first quarter. Pittenger & Anderson Inc. now owns 201,991 shares of the e-commerce giant’s stock worth $36,435,000 after purchasing an additional 3,094 shares in the last quarter. Haverford Trust Co lifted its position in Amazon.com by 2.4% in the first quarter. Haverford Trust Co now owns 66,778 shares of the e-commerce giant’s stock valued at $12,045,000 after acquiring an additional 1,555 shares during the last quarter. Finally, Graypoint LLC boosted its stake in Amazon.com by 9.4% in the first quarter. Graypoint LLC now owns 80,620 shares of the e-commerce giant’s stock valued at $14,542,000 after acquiring an additional 6,929 shares in the last quarter. 72.20% of the stock is currently owned by hedge funds and other institutional investors.

Amazon.com Stock Down 0.4 %

Shares of NASDAQ AMZN opened at $201.70 on Tuesday. The firm’s 50 day moving average price is $191.69 and its 200 day moving average price is $185.93. The company has a debt-to-equity ratio of 0.21, a quick ratio of 0.87 and a current ratio of 1.09. Amazon.com, Inc. has a 1 year low of $141.50 and a 1 year high of $215.90. The firm has a market cap of $2.12 trillion, a P/E ratio of 43.19, a price-to-earnings-growth ratio of 1.36 and a beta of 1.14.

Amazon.com (NASDAQ:AMZN) last issued 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 business had revenue of $158.88 billion for the quarter, compared to analyst estimates of $157.28 billion. During the same period last year, the company posted $0.85 EPS. The business’s quarterly revenue was up 11.0% on a year-over-year basis. As a group, sell-side analysts anticipate that Amazon.com, Inc. will post 5.27 earnings per share for the current year.

Wall Street Analyst Weigh In

Several analysts have recently weighed in on AMZN shares. Telsey Advisory Group boosted their target price on Amazon.com from $215.00 to $235.00 and gave the company an “outperform” rating in a report on Friday, November 1st. Royal Bank of Canada increased their price objective on Amazon.com from $215.00 to $225.00 and gave the company an “outperform” rating in a report on Friday, November 1st. Piper Sandler lifted their target price on shares of Amazon.com from $215.00 to $225.00 and gave the company an “overweight” rating in a report on Friday, November 1st. Rosenblatt Securities increased their price target on shares of Amazon.com from $221.00 to $236.00 and gave the stock a “buy” rating in a research note on Friday, November 1st. Finally, BMO Capital Markets restated an “outperform” rating and issued a $236.00 price objective (up from $230.00) on shares of Amazon.com in a research note on Friday, November 1st. Two investment analysts have rated the stock with a hold rating, forty have issued a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $235.45.

Insider Activity at Amazon.com

In related news, SVP David Zapolsky sold 9,490 shares of the business’s stock in a transaction dated Wednesday, August 21st. The stock was sold at an average price of $180.88, for a total value of $1,716,551.20. Following the transaction, the senior vice president now owns 64,610 shares in the company, valued at approximately $11,686,656.80. The trade was a 12.81 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, CEO Andrew R. Jassy sold 20,784 shares of Amazon.com 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 $371,759,651.18. This trade represents a 1.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders sold 6,053,349 shares of company stock worth $1,256,503,289. Corporate insiders own 10.80% of the company’s stock.

Amazon.com Company 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.