Amazon.com, Inc. (NASDAQ:AMZN) Stock Position Increased by Family CFO Inc

Family CFO Inc lifted its position in Amazon.com, Inc. (NASDAQ:AMZNFree Report) by 47.5% during the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 1,062 shares of the e-commerce giant’s stock after acquiring an additional 342 shares during the period. Family CFO Inc’s holdings in Amazon.com were worth $135,000 as of its most recent SEC filing.

Several other institutional investors have also made changes to their positions in the company. Leonard Rickey Investment Advisors P.L.L.C. grew its position in Amazon.com by 2.5% during the second quarter. Leonard Rickey Investment Advisors P.L.L.C. now owns 11,645 shares of the e-commerce giant’s stock valued at $1,518,000 after purchasing an additional 288 shares in the last quarter. ANTIPODES PARTNERS Ltd purchased a new position in Amazon.com during the second quarter valued at approximately $123,733,000. King Wealth grew its position in Amazon.com by 4.6% during the second quarter. King Wealth now owns 29,352 shares of the e-commerce giant’s stock valued at $3,826,000 after purchasing an additional 1,296 shares in the last quarter. Meitav Investment House Ltd. grew its position in Amazon.com by 3.3% during the second quarter. Meitav Investment House Ltd. now owns 636,652 shares of the e-commerce giant’s stock valued at $81,543,000 after purchasing an additional 20,574 shares in the last quarter. Finally, Ascension Asset Management LLC purchased a new position in Amazon.com during the second quarter valued at approximately $2,001,000. 57.96% of the stock is owned by hedge funds and other institutional investors.

Insider Buying and Selling at Amazon.com

In other Amazon.com news, insider Jeffrey P. Bezos sold 5,998,849 shares of the firm’s stock in a transaction dated Wednesday, February 7th. The shares were sold at an average price of $170.16, for a total value of $1,020,764,145.84. Following the completion of the sale, the insider now owns 982,252,968 shares in the company, valued at approximately $167,140,165,034.88. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. In other news, insider Jeffrey P. Bezos sold 5,998,849 shares of Amazon.com stock in a transaction that occurred on Wednesday, February 7th. The shares were sold at an average price of $170.16, for a total transaction of $1,020,764,145.84. Following the completion of the sale, the insider now owns 982,252,968 shares in the company, valued at approximately $167,140,165,034.88. The sale was disclosed in a filing with the SEC, which can be accessed through this link. Also, CEO Andrew R. Jassy sold 21,933 shares of Amazon.com stock in a transaction that occurred on Tuesday, November 21st. The stock was sold at an average price of $142.66, for a total transaction of $3,128,961.78. Following the sale, the chief executive officer now owns 2,064,055 shares of the company’s stock, valued at approximately $294,458,086.30. The disclosure for this sale can be found here. In the last 90 days, insiders sold 6,080,878 shares of company stock worth $1,033,083,657. 12.30% of the stock is currently owned by corporate insiders.

Analysts Set New Price Targets

AMZN has been the subject of several recent research reports. Telsey Advisory Group boosted their target price on shares of Amazon.com from $185.00 to $200.00 and gave the stock an “outperform” rating in a research report on Friday, February 2nd. Robert W. Baird boosted their target price on shares of Amazon.com from $185.00 to $205.00 and gave the stock an “outperform” rating in a research report on Friday, February 2nd. Truist Financial boosted their target price on shares of Amazon.com from $180.00 to $195.00 and gave the stock a “buy” rating in a research report on Friday, February 2nd. BMO Capital Markets initiated coverage on shares of Amazon.com in a research report on Tuesday, January 9th. They issued an “outperform” rating and a $200.00 target price for the company. Finally, Wells Fargo & Company boosted their target price on shares of Amazon.com from $197.00 to $211.00 and gave the stock an “overweight” rating in a research report on Friday, February 2nd. One analyst has rated the stock with a hold rating, forty-three have issued a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat.com, the stock has a consensus rating of “Buy” and a consensus target price of $197.95.

Check Out Our Latest Research Report on AMZN

Amazon.com Price Performance

NASDAQ:AMZN opened at $174.45 on Monday. The company has a market capitalization of $1.81 trillion, a price-to-earnings ratio of 60.16, a PEG ratio of 1.54 and a beta of 1.14. The company has a debt-to-equity ratio of 0.29, a quick ratio of 0.84 and a current ratio of 1.05. The company has a 50-day moving average of $154.41 and a 200-day moving average of $142.30. Amazon.com, Inc. has a 52 week low of $88.12 and a 52 week high of $175.00.

Amazon.com (NASDAQ:AMZNGet Free Report) last announced its earnings results on Thursday, February 1st. The e-commerce giant reported $1.00 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.81 by $0.19. The business had revenue of $169.96 billion during the quarter, compared to analysts’ expectations of $165.96 billion. Amazon.com had a net margin of 5.29% and a return on equity of 16.61%. The firm’s revenue for the quarter was up 13.9% on a year-over-year basis. During the same quarter last year, the company posted $0.21 EPS. As a group, equities research analysts anticipate that Amazon.com, Inc. will post 4.03 earnings per share for the current fiscal year.

Amazon.com Profile

(Free Report)

Amazon.com, Inc engages in the retail sale of consumer products and subscriptions through online and physical stores in North America and internationally. It operates through three segments: North America, International, and Amazon Web Services (AWS). The company's products offered through its stores include merchandise and content purchased for resale; and products offered by third-party sellers.

Further Reading

Institutional Ownership by Quarter for Amazon.com (NASDAQ:AMZN)

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