Demars Financial Group LLC Has $360.38 Million Holdings in Amazon.com, Inc. (NASDAQ:AMZN)

Demars Financial Group LLC increased its position in shares of Amazon.com, Inc. (NASDAQ:AMZN) by 2.3% in the first quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 1,894,116 shares of the e-commerce giant’s stock after buying an additional 43,252 shares during the period. Amazon.com accounts for 1.2% of Demars Financial Group LLC’s holdings, making the stock its 14th biggest holding. Demars Financial Group LLC’s holdings in Amazon.com were worth $360,375,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also bought and sold shares of the company. Bfsg LLC increased its holdings in Amazon.com by 3.1% in the first quarter. Bfsg LLC now owns 46,672 shares of the e-commerce giant’s stock worth $8,880,000 after purchasing an additional 1,388 shares in the last quarter. Lesa Sroufe & Co acquired a new stake in shares of Amazon.com during the 1st quarter worth approximately $443,000. Halbert Hargrove Global Advisors LLC grew its position in shares of Amazon.com by 70.2% during the 1st quarter. Halbert Hargrove Global Advisors LLC now owns 417 shares of the e-commerce giant’s stock worth $79,000 after buying an additional 172 shares during the period. Cultivar Capital Inc. bought a new stake in shares of Amazon.com in the 1st quarter valued at $240,000. Finally, Lynch & Associates IN lifted its position in shares of Amazon.com by 1.0% during the 1st quarter. Lynch & Associates IN now owns 21,413 shares of the e-commerce giant’s stock valued at $4,074,000 after acquiring an additional 221 shares during the period. Institutional investors and hedge funds own 72.20% of the company’s stock.

Insider Buying and Selling

In other Amazon.com news, SVP David Zapolsky sold 13,570 shares of the business’s stock in a transaction on Thursday, May 22nd. The shares were sold at an average price of $202.41, for a total transaction of $2,746,703.70. Following the sale, the senior vice president owned 47,030 shares of the company’s stock, valued at $9,519,342.30. The trade was a 22.39% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, CFO Brian T. Olsavsky sold 17,750 shares of the stock in a transaction on Wednesday, May 21st. The stock was sold at an average price of $201.57, for a total value of $3,577,867.50. Following the sale, the chief financial officer owned 49,000 shares in the company, valued at approximately $9,876,930. This represents a 26.59% decrease in their position. The disclosure for this sale can be found here. Insiders sold 3,426,963 shares of company stock worth $757,297,707 in the last 90 days. 9.70% of the stock is currently owned by company insiders.

Amazon.com Trading Up 1.5%

Shares of AMZN opened at $223.13 on Friday. Amazon.com, Inc. has a fifty-two week low of $151.61 and a fifty-two week high of $242.52. The business has a 50-day moving average of $206.44 and a 200 day moving average of $208.70. The firm has a market cap of $2.37 trillion, a P/E ratio of 36.34, a price-to-earnings-growth ratio of 1.68 and a beta of 1.33. The company has a debt-to-equity ratio of 0.17, a quick ratio of 0.84 and a current ratio of 1.05.

Amazon.com (NASDAQ:AMZN) last posted its earnings results on Thursday, May 1st. The e-commerce giant reported $1.59 earnings per share for the quarter, topping the consensus estimate of $1.38 by $0.21. Amazon.com had a net margin of 10.14% and a return on equity of 24.14%. The firm had revenue of $155.67 billion during the quarter, compared to the consensus estimate of $154.96 billion. During the same quarter last year, the company earned $0.98 earnings per share. The company’s revenue was up 8.6% on a year-over-year basis. As a group, research analysts forecast that Amazon.com, Inc. will post 6.31 EPS for the current year.

Wall Street Analysts Forecast Growth

A number of equities research analysts have commented on the stock. Needham & Company LLC restated a “buy” rating and issued a $220.00 price target on shares of Amazon.com in a report on Friday, May 2nd. Sanford C. Bernstein set a $235.00 target price on Amazon.com and gave the company an “outperform” rating in a research note on Tuesday. BNP Paribas raised Amazon.com from a “hold” rating to a “strong-buy” rating in a research note on Friday, June 27th. Morgan Stanley cut their price target on Amazon.com from $280.00 to $245.00 and set an “overweight” rating on the stock in a report on Monday, April 14th. Finally, Telsey Advisory Group restated an “outperform” rating and set a $235.00 price objective on shares of Amazon.com in a report on Friday, May 2nd. Three analysts have rated the stock with a hold rating, forty-five have assigned a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $245.60.

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.