Marshall Financial Group LLC Raises Stake in Amazon.com, Inc. (NASDAQ:AMZN)

Marshall Financial Group LLC increased its stake in shares of Amazon.com, Inc. (NASDAQ:AMZN) by 1.8% in the second quarter, according to its most recent Form 13F filing with the SEC. The fund owned 7,098 shares of the e-commerce giant’s stock after buying an additional 125 shares during the period. Marshall Financial Group LLC’s holdings in Amazon.com were worth $1,372,000 as of its most recent SEC filing.

Several other hedge funds have also added to or reduced their stakes in AMZN. Signet Investment Advisory Group Inc. grew its position in shares of Amazon.com by 0.6% during the 2nd quarter. Signet Investment Advisory Group Inc. now owns 14,521 shares of the e-commerce giant’s stock valued at $2,806,000 after acquiring an additional 85 shares during the period. Hedeker Wealth LLC lifted its stake in Amazon.com by 0.7% in the second quarter. Hedeker Wealth LLC now owns 71,230 shares of the e-commerce giant’s stock valued at $13,765,000 after purchasing an additional 489 shares during the last quarter. MBL Wealth LLC lifted its stake in Amazon.com by 6.3% in the second quarter. MBL Wealth LLC now owns 22,515 shares of the e-commerce giant’s stock valued at $4,351,000 after purchasing an additional 1,337 shares during the last quarter. Solitude Financial Services grew its holdings in Amazon.com by 56.8% during the second quarter. Solitude Financial Services now owns 2,762 shares of the e-commerce giant’s stock valued at $534,000 after purchasing an additional 1,000 shares during the period. Finally, CAP Partners LLC increased its position in Amazon.com by 1.7% in the second quarter. CAP Partners LLC now owns 15,433 shares of the e-commerce giant’s stock worth $2,982,000 after buying an additional 259 shares during the last quarter. Institutional investors own 72.20% of the company’s stock.

Amazon.com Price Performance

Shares of NASDAQ AMZN opened at $177.89 on Friday. The company has a debt-to-equity ratio of 0.23, a current ratio of 1.10 and a quick ratio of 0.88. Amazon.com, Inc. has a 1 year low of $118.35 and a 1 year high of $201.20. The company’s 50-day moving average is $181.54 and its 200 day moving average is $181.18. The stock has a market capitalization of $1.85 trillion, a P/E ratio of 49.83, a P/E/G ratio of 1.34 and a beta of 1.15.

Amazon.com (NASDAQ:AMZN) last announced its earnings results on Thursday, August 1st. The e-commerce giant reported $1.23 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.05 by $0.18. The firm had revenue of $147.98 billion during the quarter, compared to analyst estimates of $148.63 billion. Amazon.com had a return on equity of 21.39% and a net margin of 7.35%. On average, sell-side analysts expect that Amazon.com, Inc. will post 4.86 earnings per share for the current year.

Insider Buying and Selling at Amazon.com

In related news, CEO Douglas J. Herrington sold 3,500 shares of the stock in a transaction dated Monday, July 1st. The shares were sold at an average price of $195.99, for a total value of $685,965.00. Following the completion of the transaction, the chief executive officer now directly owns 519,753 shares in the company, valued at approximately $101,866,390.47. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. In related news, CEO Douglas J. Herrington sold 3,500 shares of the business’s stock in a transaction dated Monday, July 1st. The shares were sold at an average price of $195.99, for a total transaction of $685,965.00. Following the sale, the chief executive officer now owns 519,753 shares of the company’s stock, valued at $101,866,390.47. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, CFO Brian T. Olsavsky sold 14,600 shares of the firm’s 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 transaction, the chief financial officer now directly owns 49,000 shares of the company’s stock, valued at approximately $8,820,000. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 6,104,317 shares of company stock valued at $1,220,621,322. 10.80% of the stock is currently owned by company insiders.

Analyst Upgrades and Downgrades

A number of research analysts have recently commented on AMZN shares. Morgan Stanley dropped their price target on Amazon.com from $240.00 to $210.00 and set an “overweight” rating on the stock in a research report on Tuesday, August 6th. Barclays upped their price objective on shares of Amazon.com from $220.00 to $235.00 and gave the company an “overweight” rating in a report on Friday, August 2nd. Wells Fargo & Company reduced their target price on shares of Amazon.com from $232.00 to $225.00 and set an “overweight” rating for the company in a research note on Monday, August 26th. Wolfe Research initiated coverage on shares of Amazon.com in a research note on Tuesday, July 16th. They set an “outperform” rating and a $250.00 price target on the stock. Finally, BMO Capital Markets lifted their price objective on shares of Amazon.com from $220.00 to $230.00 and gave the company an “outperform” rating in a research note on Thursday, July 25th. One analyst has rated the stock with a hold rating, forty-one have assigned a buy rating and one has given a strong buy rating to the stock. According to MarketBeat, Amazon.com has an average rating of “Buy” and a consensus target price of $222.49.

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.