TFG Advisers LLC Grows Position in Amazon.com, Inc. (NASDAQ:AMZN)

TFG Advisers LLC raised its position in Amazon.com, Inc. (NASDAQ:AMZNFree Report) by 0.8% during the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 38,242 shares of the e-commerce giant’s stock after buying an additional 298 shares during the quarter. Amazon.com comprises about 2.4% of TFG Advisers LLC’s portfolio, making the stock its 6th largest position. TFG Advisers LLC’s holdings in Amazon.com were worth $5,811,000 at the end of the most recent reporting period.

Other hedge funds have also recently bought and sold shares of the company. E Fund Management Hong Kong Co. Ltd. increased its stake in shares of Amazon.com by 45.0% in the 4th quarter. E Fund Management Hong Kong Co. Ltd. now owns 277 shares of the e-commerce giant’s stock valued at $42,000 after acquiring an additional 86 shares in the last quarter. Strid Group LLC bought a new stake in Amazon.com during the 4th quarter valued at $43,000. Harbor Investment Advisory LLC increased its stake in Amazon.com by 0.7% during the 4th quarter. Harbor Investment Advisory LLC now owns 299,959 shares of the e-commerce giant’s stock valued at $46,000 after purchasing an additional 1,988 shares in the last quarter. Authentikos Wealth Advisory LLC bought a new stake in Amazon.com during the 3rd quarter valued at $49,000. Finally, Bruce G. Allen Investments LLC purchased a new position in Amazon.com during the 4th quarter worth $57,000. 72.20% of the stock is owned by institutional investors.

Insider Activity

In related news, CEO Andrew R. Jassy sold 20,784 shares of the firm’s stock in a transaction on Tuesday, May 21st. The stock was sold at an average price of $181.44, for a total value of $3,771,048.96. Following the completion of the sale, the chief executive officer now owns 2,025,358 shares of the company’s stock, valued at $367,480,955.52. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. In other Amazon.com news, CEO Andrew R. Jassy sold 20,784 shares of the stock in a transaction on Tuesday, May 21st. The stock was sold at an average price of $181.44, for a total value of $3,771,048.96. Following the completion of the transaction, the chief executive officer now owns 2,025,358 shares in the company, valued at $367,480,955.52. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. Also, CFO Brian T. Olsavsky sold 14,600 shares of the stock in a transaction on Tuesday, May 21st. The stock was sold at an average price of $182.11, for a total value of $2,658,806.00. Following the completion of the transaction, the chief financial officer now owns 49,000 shares of the company’s stock, valued at approximately $8,923,390. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 65,838 shares of company stock valued at $11,984,344. 10.80% of the stock is currently owned by company insiders.

Amazon.com Stock Performance

NASDAQ:AMZN opened at $187.06 on Tuesday. The firm has a market cap of $1.95 trillion, a PE ratio of 52.40, a price-to-earnings-growth ratio of 1.32 and a beta of 1.14. Amazon.com, Inc. has a fifty-two week low of $118.35 and a fifty-two week high of $191.70. The company has a debt-to-equity ratio of 0.27, a quick ratio of 0.87 and a current ratio of 1.07. The business has a 50 day moving average price of $182.66 and a 200-day moving average price of $169.27.

Amazon.com (NASDAQ:AMZNGet Free Report) last released its quarterly earnings data on Tuesday, April 30th. The e-commerce giant reported $0.98 earnings per share for the quarter, beating analysts’ consensus estimates of $0.83 by $0.15. The firm had revenue of $143.31 billion during the quarter, compared to analyst estimates of $142.65 billion. Amazon.com had a return on equity of 19.86% and a net margin of 6.38%. The business’s quarterly revenue was up 12.5% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $0.31 earnings per share. Equities research analysts predict that Amazon.com, Inc. will post 4.72 earnings per share for the current year.

Wall Street Analysts Forecast Growth

AMZN has been the topic of a number of analyst reports. Morgan Stanley lifted their price objective on shares of Amazon.com from $215.00 to $220.00 and gave the stock an “overweight” rating in a report on Wednesday, May 1st. Benchmark reissued a “buy” rating and issued a $200.00 price target on shares of Amazon.com in a report on Wednesday, May 1st. Mizuho boosted their price target on shares of Amazon.com from $230.00 to $240.00 and gave the stock a “buy” rating in a report on Wednesday, May 1st. UBS Group boosted their price target on shares of Amazon.com from $215.00 to $217.00 and gave the stock a “buy” rating in a report on Wednesday, May 1st. Finally, Wedbush reissued an “outperform” rating and issued a $225.00 price target on shares of Amazon.com in a report on Wednesday, May 1st. One investment analyst has rated the stock with a hold rating, forty-three have given a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat, the company currently has a consensus rating of “Buy” and an average target price of $213.82.

Read Our Latest Stock Report on AMZN

Amazon.com Profile

(Free Report)

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.

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

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