Amazon.com, Inc. (NASDAQ:AMZN) Shares Purchased by Financial Enhancement Group LLC

Financial Enhancement Group LLC lifted its holdings in shares of Amazon.com, Inc. (NASDAQ:AMZN) by 40.7% during the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 2,558 shares of the e-commerce giant’s stock after purchasing an additional 740 shares during the quarter. Financial Enhancement Group LLC’s holdings in Amazon.com were worth $559,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also made changes to their positions in the business. Heritage Family Offices LLP purchased a new position in shares of Amazon.com in the 2nd quarter worth about $206,000. Crestwood Advisors Group LLC lifted its position in Amazon.com by 6.4% during the second quarter. Crestwood Advisors Group LLC now owns 839,745 shares of the e-commerce giant’s stock valued at $162,283,000 after buying an additional 50,629 shares in the last quarter. United Asset Strategies Inc. grew its stake in Amazon.com by 8.0% during the second quarter. United Asset Strategies Inc. now owns 175,356 shares of the e-commerce giant’s stock worth $33,888,000 after buying an additional 13,059 shares during the period. Consilium Wealth Advisory LLC lifted its holdings in shares of Amazon.com by 9.3% during the 2nd quarter. Consilium Wealth Advisory LLC now owns 24,164 shares of the e-commerce giant’s stock valued at $4,670,000 after acquiring an additional 2,047 shares in the last quarter. Finally, Flaharty Asset Management LLC boosted its position in Amazon.com by 2.2% during the 2nd quarter. Flaharty Asset Management LLC now owns 4,032 shares of the e-commerce giant’s stock worth $779,000 after purchasing an additional 85 shares during the period. Hedge funds and other institutional investors own 72.20% of the company’s stock.

Amazon.com Stock Performance

NASDAQ:AMZN opened at $238.15 on Wednesday. The firm has a market capitalization of $2.50 trillion, a PE ratio of 51.00, a PEG ratio of 1.31 and a beta of 1.14. Amazon.com, Inc. has a 1 year low of $151.61 and a 1 year high of $241.77. The company has a current ratio of 1.09, a quick ratio of 0.87 and a debt-to-equity ratio of 0.21. The firm’s fifty day simple moving average is $220.95 and its 200 day simple moving average is $197.72.

Amazon.com (NASDAQ:AMZN) last issued its quarterly earnings results on Thursday, October 31st. The e-commerce giant reported $1.43 earnings per share (EPS) for the quarter, beating 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 company had revenue of $158.88 billion for the quarter, compared to the consensus estimate of $157.28 billion. During the same period last year, the business posted $0.85 earnings per share. The firm’s revenue was up 11.0% compared to the same quarter last year. On average, sell-side analysts anticipate that Amazon.com, Inc. will post 5.39 EPS for the current year.

Wall Street Analysts Forecast Growth

Several equities research analysts have recently weighed in on the company. Stifel Nicolaus upped their target price on Amazon.com from $224.00 to $245.00 and gave the stock a “buy” rating in a research report on Friday, November 1st. Raymond James upped their target price on shares of Amazon.com from $230.00 to $260.00 and gave the company a “strong-buy” rating in a research note on Tuesday, January 21st. Tigress Financial boosted their price target on Amazon.com from $245.00 to $290.00 and gave the stock a “buy” rating in a research note on Friday, December 20th. Wells Fargo & Company boosted their target price on shares of Amazon.com from $197.00 to $212.00 and gave the stock an “equal weight” rating in a research report on Tuesday, January 14th. Finally, Redburn Atlantic increased their target price on Amazon.com from $225.00 to $235.00 and gave the stock a “buy” rating in a report on Tuesday, November 26th. Two equities research analysts have rated the stock with a hold rating, forty-two have issued a buy rating and one has assigned a strong buy rating to the company’s stock. According to data from MarketBeat.com, Amazon.com currently has an average rating of “Moderate Buy” and an average price target of $249.46.

Insider Activity at Amazon.com

In other Amazon.com news, insider Jeffrey P. Bezos sold 2,996,362 shares of the company’s stock in a transaction dated Friday, November 8th. The shares were sold at an average price of $208.85, for a total transaction of $625,790,203.70. Following the sale, the insider now directly owns 917,416,976 shares of the company’s stock, valued at approximately $191,602,535,437.60. This represents a 0.33 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, Director Jonathan Rubinstein sold 5,004 shares of the business’s stock in a transaction that occurred on Friday, November 1st. The stock was sold at an average price of $199.85, for a total value of $1,000,049.40. Following the completion of the transaction, the director now directly owns 99,396 shares in the company, valued at $19,864,290.60. The trade was a 4.79 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 6,032,344 shares of company stock worth $1,253,456,822 over the last three months. Company insiders own 10.80% of the company’s stock.

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.