American Financial Advisors LLC Grows Position in Amazon.com, Inc. (NASDAQ:AMZN)

American Financial Advisors LLC increased its position in Amazon.com, Inc. (NASDAQ:AMZN) by 1.4% during the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 28,744 shares of the e-commerce giant’s stock after buying an additional 390 shares during the quarter. Amazon.com accounts for approximately 0.8% of American Financial Advisors LLC’s holdings, making the stock its 27th biggest holding. American Financial Advisors LLC’s holdings in Amazon.com were worth $5,555,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Cooksen Wealth LLC bought a new position in shares of Amazon.com during the fourth quarter valued at about $30,000. Clarity Asset Management Inc. purchased a new position in Amazon.com during the 4th quarter valued at about $46,000. Steph & Co. bought a new position in Amazon.com during the 1st quarter valued at approximately $65,000. Advantage Trust Co purchased a new stake in Amazon.com in the 4th quarter worth approximately $68,000. Finally, Koesten Hirschmann & Crabtree INC. bought a new stake in shares of Amazon.com in the 1st quarter worth approximately $69,000. 72.20% of the stock is currently owned by institutional investors.

Insiders Place Their Bets

In other news, CEO Andrew R. Jassy sold 20,784 shares of the business’s stock in a transaction dated Wednesday, August 21st. The stock was sold at an average price of $180.77, for a total value of $3,757,123.68. Following the transaction, the chief executive officer now directly owns 2,056,534 shares in the company, valued at $371,759,651.18. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. In related news, CFO Brian T. Olsavsky sold 14,600 shares of the company’s stock in a transaction 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 owns 49,000 shares in the company, valued at $8,820,000. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, CEO Andrew R. Jassy sold 20,784 shares of Amazon.com stock in a transaction 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 sale, the chief executive officer now owns 2,056,534 shares in the company, valued at $371,759,651.18. The disclosure for this sale can be found here. In the last quarter, insiders sold 6,104,317 shares of company stock worth $1,220,621,322. Corporate insiders own 10.80% of the company’s stock.

Wall Street Analyst Weigh In

A number of equities analysts recently commented on the company. Barclays upped their target price on Amazon.com from $220.00 to $235.00 and gave the company an “overweight” rating in a report on Friday, August 2nd. Tigress Financial upped their price objective on shares of Amazon.com from $210.00 to $245.00 and gave the stock a “buy” rating in a report on Thursday, May 30th. TD Securities lifted their target price on shares of Amazon.com from $225.00 to $245.00 in a research note on Wednesday, July 10th. Royal Bank of Canada reiterated an “outperform” rating and set a $215.00 price target on shares of Amazon.com in a research report on Friday, August 2nd. Finally, 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 report on Friday, August 2nd. One research analyst has rated the stock with a hold rating, forty have issued a buy rating and two have assigned a strong buy rating to the stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Buy” and a consensus target price of $222.49.

Amazon.com Price Performance

NASDAQ AMZN opened at $186.49 on Friday. The company has a current ratio of 1.10, a quick ratio of 0.88 and a debt-to-equity ratio of 0.23. Amazon.com, Inc. has a 12 month low of $118.35 and a 12 month high of $201.20. The stock has a market cap of $1.96 trillion, a price-to-earnings ratio of 52.24, a PEG ratio of 1.39 and a beta of 1.14. The company’s 50 day moving average is $179.51 and its two-hundred day moving average is $181.56.

Amazon.com (NASDAQ:AMZN) last announced its quarterly earnings data 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 21.39%. The firm had revenue of $147.98 billion during the quarter, compared to analysts’ expectations of $148.63 billion. As a group, research analysts anticipate that Amazon.com, Inc. will post 4.86 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.