Atlas Financial Advisors Inc. Increases Stock Holdings in Amazon.com, Inc. (NASDAQ:AMZN)

Atlas Financial Advisors Inc. grew its holdings in shares of Amazon.com, Inc. (NASDAQ:AMZN) by 3.0% in the 3rd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 2,921 shares of the e-commerce giant’s stock after purchasing an additional 85 shares during the quarter. Amazon.com makes up approximately 0.9% of Atlas Financial Advisors Inc.’s holdings, making the stock its 18th biggest position. Atlas Financial Advisors Inc.’s holdings in Amazon.com were worth $544,000 at the end of the most recent quarter.

Other institutional investors have also recently made changes to their positions in the company. PayPay Securities Corp boosted its stake in shares of Amazon.com by 64.6% during the 2nd quarter. PayPay Securities Corp now owns 163 shares of the e-commerce giant’s stock worth $32,000 after acquiring an additional 64 shares during the last quarter. Hoese & Co LLP bought a new position in Amazon.com in the 3rd quarter worth $37,000. Bull Oak Capital LLC purchased a new position in Amazon.com during the third quarter valued at $45,000. Christopher J. Hasenberg Inc grew its holdings in Amazon.com by 650.0% during the second quarter. Christopher J. Hasenberg Inc now owns 300 shares of the e-commerce giant’s stock valued at $58,000 after purchasing an additional 260 shares during the period. Finally, Values First Advisors Inc. bought a new position in shares of Amazon.com in the third quarter worth about $56,000. Institutional investors own 72.20% of the company’s stock.

Insider Activity

In other Amazon.com news, SVP David Zapolsky sold 2,190 shares of the stock in a transaction on Tuesday, September 24th. The stock was sold at an average price of $195.00, for a total transaction of $427,050.00. Following the sale, the senior vice president now owns 62,420 shares of the company’s stock, valued at approximately $12,171,900. This trade represents a 3.39 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CEO Matthew S. Garman sold 15,260 shares of Amazon.com stock in a transaction on Thursday, November 21st. The shares were sold at an average price of $200.19, for a total value of $3,054,899.40. Following the completion of the transaction, the chief executive officer now owns 349,261 shares in the company, valued at $69,918,559.59. This represents a 4.19 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 6,030,183 shares of company stock worth $1,252,883,795. Corporate insiders own 10.80% of the company’s stock.

Analysts Set New Price Targets

AMZN has been the subject of several analyst reports. Rosenblatt Securities increased their target price on shares of Amazon.com from $221.00 to $236.00 and gave the stock a “buy” rating in a report on Friday, November 1st. Wells Fargo & Company reissued an “equal weight” rating and issued a $197.00 price objective on shares of Amazon.com in a research note on Wednesday, November 20th. Moffett Nathanson lifted their target price on shares of Amazon.com from $235.00 to $248.00 and gave the company a “buy” rating in a research note on Tuesday, November 26th. Royal Bank of Canada increased their price target on Amazon.com from $215.00 to $225.00 and gave the stock an “outperform” rating in a research note on Friday, November 1st. Finally, Benchmark upped their price objective on Amazon.com from $200.00 to $215.00 and gave the stock a “buy” rating in a research note on Friday, November 1st. Two equities research analysts have rated the stock with a hold rating, forty-one have issued a buy rating and one has given a strong buy rating to the company’s stock. According to MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average price target of $236.20.

Amazon.com Price Performance

Shares of AMZN stock opened at $227.03 on Monday. The stock has a market capitalization of $2.39 trillion, a price-to-earnings ratio of 48.61, a P/E/G ratio of 1.46 and a beta of 1.16. The company has a current ratio of 1.09, a quick ratio of 0.87 and a debt-to-equity ratio of 0.21. Amazon.com, Inc. has a twelve month low of $143.64 and a twelve month high of $227.15. The stock has a fifty day simple moving average of $197.39 and a two-hundred day simple moving average of $188.15.

Amazon.com (NASDAQ:AMZN) last issued its earnings results on Thursday, October 31st. The e-commerce giant reported $1.43 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.14 by $0.29. Amazon.com had a net margin of 8.04% and a return on equity of 22.41%. The company 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 business earned $0.85 EPS. The firm’s quarterly revenue was up 11.0% on a year-over-year basis. On average, analysts predict that Amazon.com, Inc. will post 5.29 EPS for the current fiscal year.

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.