Frederick Financial Consultants LLC Grows Position in Amazon.com, Inc. (NASDAQ:AMZN)

Frederick Financial Consultants LLC raised its position in Amazon.com, Inc. (NASDAQ:AMZN) by 21.6% during the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 4,429 shares of the e-commerce giant’s stock after purchasing an additional 788 shares during the quarter. Frederick Financial Consultants LLC’s holdings in Amazon.com were worth $843,000 at the end of the most recent quarter.

Several other hedge funds have also recently bought and sold shares of AMZN. Brighton Jones LLC raised its holdings in shares of Amazon.com by 10.9% during the 4th quarter. Brighton Jones LLC now owns 4,036,091 shares of the e-commerce giant’s stock valued at $885,478,000 after buying an additional 397,007 shares during the period. Revolve Wealth Partners LLC raised its stake in shares of Amazon.com by 4.1% during the fourth quarter. Revolve Wealth Partners LLC now owns 25,045 shares of the e-commerce giant’s stock valued at $5,495,000 after purchasing an additional 986 shares during the period. Bank Pictet & Cie Europe AG raised its stake in shares of Amazon.com by 2.8% during the fourth quarter. Bank Pictet & Cie Europe AG now owns 2,016,869 shares of the e-commerce giant’s stock valued at $442,481,000 after purchasing an additional 54,987 shares during the period. Highview Capital Management LLC DE raised its stake in shares of Amazon.com by 5.5% during the fourth quarter. Highview Capital Management LLC DE now owns 28,975 shares of the e-commerce giant’s stock valued at $6,357,000 after purchasing an additional 1,518 shares during the period. Finally, Liberty Square Wealth Partners LLC purchased a new stake in shares of Amazon.com during the fourth quarter valued at approximately $2,153,000. Hedge funds and other institutional investors own 72.20% of the company’s stock.

Insider Activity

In other Amazon.com news, insider Jeffrey P. Bezos sold 4,273,237 shares of the stock in a transaction on Friday, July 11th. The stock was sold at an average price of $224.81, for a total transaction of $960,666,409.97. Following the completion of the transaction, the insider directly owned 897,722,088 shares of the company’s stock, valued at approximately $201,816,902,603.28. This trade represents a 0.47% decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Insiders have sold 25,096,253 shares of company stock valued at $5,673,745,409 in the last ninety days. Company insiders own 9.70% of the company’s stock.

Wall Street Analyst Weigh In

Several equities research analysts recently issued reports on AMZN shares. Evercore ISI reaffirmed an “outperform” rating and set a $280.00 price target on shares of Amazon.com in a research note on Wednesday. Citizens Jmp assumed coverage on Amazon.com in a research report on Thursday, July 10th. They set a “strong-buy” rating on the stock. JMP Securities reaffirmed a “market outperform” rating and set a $285.00 target price on shares of Amazon.com in a research report on Friday, August 1st. Westpark Capital reaffirmed a “buy” rating and set a $280.00 target price on shares of Amazon.com in a research report on Friday, August 1st. Finally, Canaccord Genuity Group restated a “buy” rating and set a $280.00 price objective on shares of Amazon.com in a report on Friday, August 1st. One analyst has rated the stock with a hold rating, forty-seven have assigned a buy rating and two have issued a strong buy rating to the stock. According to data from MarketBeat, the stock currently has a consensus rating of “Buy” and an average price target of $262.87.

Amazon.com Trading Up 2.9%

NASDAQ:AMZN opened at $230.98 on Friday. The business has a fifty day moving average of $221.06 and a 200-day moving average of $208.69. The stock has a market cap of $2.46 trillion, a price-to-earnings ratio of 35.21, a PEG ratio of 1.51 and a beta of 1.31. The company has a debt-to-equity ratio of 0.15, a quick ratio of 0.81 and a current ratio of 1.02. Amazon.com, Inc. has a 1 year low of $161.38 and a 1 year high of $242.52.

Amazon.com (NASDAQ:AMZN) last announced its earnings results on Thursday, July 31st. The e-commerce giant reported $1.68 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.31 by $0.37. The firm had revenue of $167.70 billion during the quarter, compared to analyst estimates of $161.80 billion. Amazon.com had a net margin of 10.54% and a return on equity of 23.84%. Amazon.com’s revenue was up 13.3% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $1.26 EPS. Equities analysts predict that Amazon.com, Inc. will post 6.31 earnings per share for the current year.

Amazon.com 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.