PFG Advisors Grows Position in Amazon.com, Inc. (NASDAQ:AMZN)

PFG Advisors boosted its stake in Amazon.com, Inc. (NASDAQ:AMZN) by 0.7% in the third quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 65,994 shares of the e-commerce giant’s stock after buying an additional 478 shares during the quarter. Amazon.com makes up 0.8% of PFG Advisors’ investment portfolio, making the stock its 25th largest holding. PFG Advisors’ holdings in Amazon.com were worth $12,297,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors and hedge funds have also bought and sold shares of the company. Regatta Capital Group LLC grew its stake in shares of Amazon.com by 1.2% during the 3rd quarter. Regatta Capital Group LLC now owns 62,554 shares of the e-commerce giant’s stock worth $11,656,000 after acquiring an additional 766 shares during the period. Prospect Financial Services LLC grew its stake in shares of Amazon.com by 17.4% during the 3rd quarter. Prospect Financial Services LLC now owns 28,878 shares of the e-commerce giant’s stock worth $5,381,000 after acquiring an additional 4,290 shares during the period. Paragon Financial Partners Inc. grew its stake in shares of Amazon.com by 15.5% during the 3rd quarter. Paragon Financial Partners Inc. now owns 8,190 shares of the e-commerce giant’s stock worth $1,526,000 after acquiring an additional 1,100 shares during the period. Oxinas Partners Wealth Management LLC grew its stake in shares of Amazon.com by 18.6% during the 3rd quarter. Oxinas Partners Wealth Management LLC now owns 28,749 shares of the e-commerce giant’s stock worth $5,357,000 after acquiring an additional 4,515 shares during the period. Finally, Astoria Strategic Wealth Inc. bought a new position in shares of Amazon.com during the 3rd quarter worth $222,000. 72.20% of the stock is owned by hedge funds and other institutional investors.

Amazon.com Stock Up 2.5 %

Amazon.com stock opened at $214.10 on Thursday. The stock has a market cap 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. 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 one year low of $139.52 and a one year high of $215.09. The stock has a fifty day moving average of $189.05 and a 200 day moving average of $185.15.

Amazon.com (NASDAQ:AMZN) last posted 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. The company had revenue of $158.88 billion during the quarter, compared to analysts’ expectations of $157.28 billion. Amazon.com had a return on equity of 22.41% and a net margin of 8.04%. Amazon.com’s revenue for the quarter was up 11.0% compared to the same quarter last year. During the same quarter in the prior year, the business earned $0.85 earnings per share. As a group, sell-side analysts predict that Amazon.com, Inc. will post 5.27 EPS for the current year.

Insider Buying and Selling at Amazon.com

In other Amazon.com news, VP Shelley Reynolds sold 3,791 shares of the business’s stock in a transaction dated Wednesday, August 21st. The stock was sold at an average price of $181.04, for a total transaction of $686,322.64. Following the completion of the sale, the vice president now owns 121,461 shares of the company’s stock, valued at approximately $21,989,299.44. The trade was a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. In other Amazon.com news, CFO Brian T. Olsavsky sold 14,600 shares of the business’s 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 owns 49,000 shares of the company’s stock, valued at approximately $8,820,000. The trade was a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, VP Shelley Reynolds sold 3,791 shares of the business’s stock in a transaction dated Wednesday, August 21st. The shares were sold at an average price of $181.04, for a total value of $686,322.64. Following the sale, the vice president now directly owns 121,461 shares of the company’s stock, valued at $21,989,299.44. This represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders sold 6,053,349 shares of company stock valued at $1,256,503,289. Company insiders own 10.80% of the company’s stock.

Wall Street Analyst Weigh In

Several research analysts have recently weighed in on AMZN shares. JPMorgan Chase & Co. increased their price target on Amazon.com from $230.00 to $250.00 and gave the stock an “overweight” rating in a research note on Friday, November 1st. Monness Crespi & Hardt raised their target price on Amazon.com from $225.00 to $245.00 and gave the stock a “buy” rating in a research note on Friday, November 1st. Bank of America raised their target price on Amazon.com from $210.00 to $230.00 and gave the stock a “buy” rating in a research note on Friday, November 1st. Barclays raised their target price on Amazon.com from $220.00 to $235.00 and gave the stock an “overweight” rating in a research note on Friday, August 2nd. Finally, Benchmark raised their target price 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 research analysts have rated the stock with a hold rating, forty have assigned a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $234.55.

About Amazon.com

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.