Midwest Financial Group LLC Acquires 163 Shares of Amazon.com, Inc. (NASDAQ:AMZN)

Midwest Financial Group LLC lifted its position in Amazon.com, Inc. (NASDAQ:AMZN) by 3.1% during the 2nd quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 5,405 shares of the e-commerce giant’s stock after buying an additional 163 shares during the period. Midwest Financial Group LLC’s holdings in Amazon.com were worth $1,045,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also recently made changes to their positions in AMZN. Garrison Point Advisors LLC boosted its position in shares of Amazon.com by 0.3% during the first quarter. Garrison Point Advisors LLC now owns 20,375 shares of the e-commerce giant’s stock worth $3,675,000 after acquiring an additional 55 shares during the last quarter. Ridgecrest Wealth Partners LLC lifted its position in Amazon.com by 0.7% during the first quarter. Ridgecrest Wealth Partners LLC now owns 7,755 shares of the e-commerce giant’s stock valued at $1,399,000 after purchasing an additional 56 shares during the last quarter. Stordahl Capital Management Inc. lifted its position in Amazon.com by 2.1% during the first quarter. Stordahl Capital Management Inc. now owns 2,763 shares of the e-commerce giant’s stock valued at $498,000 after purchasing an additional 56 shares during the last quarter. Lutz Financial Services LLC lifted its position in Amazon.com by 1.9% during the first quarter. Lutz Financial Services LLC now owns 3,053 shares of the e-commerce giant’s stock valued at $551,000 after purchasing an additional 57 shares during the last quarter. Finally, O Dell Group LLC lifted its position in Amazon.com by 0.4% during the first quarter. O Dell Group LLC now owns 13,638 shares of the e-commerce giant’s stock valued at $2,460,000 after purchasing an additional 57 shares during the last quarter. Institutional investors own 72.20% of the company’s stock.

Analyst Ratings Changes

AMZN has been the subject of several research reports. UBS Group increased their price objective on shares of Amazon.com from $217.00 to $224.00 and gave the company a “buy” rating in a research report on Tuesday, July 30th. Stifel Nicolaus lowered their price objective on shares of Amazon.com from $228.00 to $224.00 and set a “buy” rating for the company in a research report on Friday, August 2nd. Barclays increased their price objective on shares of Amazon.com from $220.00 to $235.00 and gave the company an “overweight” rating in a research report on Friday, August 2nd. JPMorgan Chase & Co. lowered their price objective on shares of Amazon.com from $240.00 to $230.00 and set an “overweight” rating for the company in a research report on Friday, August 2nd. Finally, Rosenblatt Securities increased their target price on shares of Amazon.com from $220.00 to $221.00 and gave the company a “buy” rating in a research note on Friday, August 2nd. One investment analyst has rated the stock with a hold rating, forty have given a buy rating and one has assigned a strong buy rating to the company’s stock. According to MarketBeat.com, the company currently has a consensus rating of “Buy” and an average target price of $221.36.

Amazon.com Stock Up 3.7 %

AMZN stock opened at $178.50 on Friday. Amazon.com, Inc. has a 52 week low of $118.35 and a 52 week high of $201.20. The company has a quick ratio of 0.87, a current ratio of 1.07 and a debt-to-equity ratio of 0.27. The stock has a market capitalization of $1.86 trillion, a PE ratio of 50.00, a price-to-earnings-growth ratio of 1.32 and a beta of 1.15. The firm has a 50 day moving average of $182.68 and a 200 day moving average of $180.99.

Amazon.com (NASDAQ:AMZN) last posted its quarterly earnings results on Thursday, August 1st. The e-commerce giant reported $1.23 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.05 by $0.18. Amazon.com had a net margin of 7.35% and a return on equity of 22.35%. The company had revenue of $147.98 billion during the quarter, compared to analyst estimates of $148.63 billion. Sell-side analysts forecast that Amazon.com, Inc. will post 4.73 earnings per share for the current year.

Insiders Place Their Bets

In other news, CEO Andrew R. Jassy sold 20,784 shares of Amazon.com stock in a transaction that occurred on Wednesday, August 21st. The shares were sold at an average price of $180.77, for a total transaction of $3,757,123.68. Following the completion of the transaction, the chief executive officer now directly owns 2,056,534 shares of the company’s stock, valued at approximately $371,759,651.18. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. In other news, CFO Brian T. Olsavsky sold 14,600 shares of Amazon.com stock in a transaction that occurred on Wednesday, August 21st. The shares were sold at an average price of $180.00, for a total transaction of $2,628,000.00. Following the completion of the transaction, the chief financial officer now directly owns 49,000 shares of the company’s stock, valued at approximately $8,820,000. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, CEO Andrew R. Jassy sold 20,784 shares of Amazon.com stock in a transaction that occurred on Wednesday, August 21st. The shares were sold at an average price of $180.77, for a total transaction of $3,757,123.68. Following the transaction, the chief executive officer now directly owns 2,056,534 shares of the company’s stock, valued at $371,759,651.18. The disclosure for this sale can be found here. In the last ninety days, insiders sold 6,107,817 shares of company stock valued at $1,221,241,837. 10.80% of the stock is owned by insiders.

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.