Affiance Financial LLC Acquires 436 Shares of Amazon.com, Inc. (NASDAQ:AMZN)

Affiance Financial LLC raised its holdings in shares of Amazon.com, Inc. (NASDAQ:AMZN) by 4.3% in the 1st quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor owned 10,690 shares of the e-commerce giant’s stock after acquiring an additional 436 shares during the quarter. Amazon.com makes up approximately 0.5% of Affiance Financial LLC’s holdings, making the stock its 29th biggest position. Affiance Financial LLC’s holdings in Amazon.com were worth $1,928,000 at the end of the most recent quarter.

Several other hedge funds also recently made changes to their positions in the business. ShoreHaven Wealth Partners LLC lifted its position in shares of Amazon.com by 1.9% during the 4th quarter. ShoreHaven Wealth Partners LLC now owns 3,234 shares of the e-commerce giant’s stock valued at $491,000 after buying an additional 60 shares in the last quarter. O Dell Group LLC lifted its position in shares of Amazon.com by 0.5% during the 4th quarter. O Dell Group LLC now owns 13,581 shares of the e-commerce giant’s stock valued at $2,064,000 after buying an additional 61 shares in the last quarter. Measured Wealth Private Client Group LLC raised its stake in Amazon.com by 2.5% in the 4th quarter. Measured Wealth Private Client Group LLC now owns 2,562 shares of the e-commerce giant’s stock valued at $389,000 after purchasing an additional 62 shares during the last quarter. Ballew Advisors Inc raised its stake in Amazon.com by 1.5% in the 1st quarter. Ballew Advisors Inc now owns 4,248 shares of the e-commerce giant’s stock valued at $790,000 after purchasing an additional 62 shares during the last quarter. Finally, Socha Financial Group LLC raised its stake in Amazon.com by 3.3% in the 4th quarter. Socha Financial Group LLC now owns 1,991 shares of the e-commerce giant’s stock valued at $303,000 after purchasing an additional 63 shares during the last quarter. 72.20% of the stock is owned by institutional investors.

Amazon.com Trading Up 2.0 %

Shares of AMZN stock opened at $197.20 on Tuesday. The business’s fifty day moving average price is $183.87 and its 200 day moving average price is $173.28. Amazon.com, Inc. has a 1-year low of $118.35 and a 1-year high of $199.84. The firm has a market capitalization of $2.05 trillion, a PE ratio of 55.24, a P/E/G ratio of 1.38 and a beta of 1.15. The company has a debt-to-equity ratio of 0.27, a current ratio of 1.07 and a quick ratio of 0.87.

Amazon.com (NASDAQ:AMZN) last announced its quarterly earnings data on Tuesday, April 30th. The e-commerce giant reported $0.98 earnings per share for the quarter, topping analysts’ consensus estimates of $0.83 by $0.15. The firm had revenue of $143.31 billion for 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%. Amazon.com’s quarterly revenue was up 12.5% on a year-over-year basis. During the same quarter in the prior year, the company posted $0.31 earnings per share. As a group, sell-side analysts forecast that Amazon.com, Inc. will post 4.72 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

Several research analysts recently commented on the company. Barclays increased their price objective on Amazon.com from $220.00 to $230.00 and gave the company an “overweight” rating in a research note on Wednesday, May 1st. Rosenblatt Securities reissued a “buy” rating and issued a $220.00 price objective on shares of Amazon.com in a research note on Wednesday, May 1st. Needham & Company LLC reaffirmed a “buy” rating and issued a $205.00 target price on shares of Amazon.com in a research note on Monday. Monness Crespi & Hardt raised their target price on Amazon.com from $215.00 to $225.00 and gave the stock a “buy” rating in a research note on Wednesday, May 1st. Finally, Citigroup raised their target price on Amazon.com from $235.00 to $245.00 and gave the stock a “buy” rating in a research note on Wednesday, May 1st. One research 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 stock. Based on data from MarketBeat, the stock has an average rating of “Buy” and an average price target of $215.86.

Insider Buying and Selling at Amazon.com

In other Amazon.com news, SVP David Zapolsky sold 4,710 shares of the company’s stock in a transaction on Thursday, June 27th. The stock was sold at an average price of $195.00, for a total value of $918,450.00. Following the sale, the senior vice president now owns 59,500 shares of the company’s stock, valued at $11,602,500. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. In other Amazon.com news, SVP David Zapolsky sold 4,710 shares of the company’s stock in a transaction on Thursday, June 27th. The stock was sold at an average price of $195.00, for a total value of $918,450.00. Following the sale, the senior vice president now owns 59,500 shares of the company’s stock, valued at $11,602,500. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CEO Adam Selipsky sold 500 shares of the company’s stock in a transaction on Thursday, April 18th. The shares were sold at an average price of $181.38, for a total value of $90,690.00. Following the completion of the sale, the chief executive officer now directly owns 130,600 shares in the company, valued at approximately $23,688,228. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 66,548 shares of company stock valued at $12,180,239. 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.