Amazon.com, Inc. (NASDAQ:AMZN) is Financial Counselors Inc.’s 5th Largest Position

Financial Counselors Inc. increased its holdings in shares of Amazon.com, Inc. (NASDAQ:AMZN) by 2.2% in the 2nd quarter, HoldingsChannel.com reports. The firm owned 840,351 shares of the e-commerce giant’s stock after acquiring an additional 17,830 shares during the period. Amazon.com comprises approximately 2.6% of Financial Counselors Inc.’s portfolio, making the stock its 5th biggest holding. Financial Counselors Inc.’s holdings in Amazon.com were worth $162,398,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also recently modified their holdings of the stock. Cooksen Wealth LLC bought a new stake in shares of Amazon.com during the fourth quarter worth $30,000. PayPay Securities Corp lifted its position in shares of Amazon.com by 64.6% during the second quarter. PayPay Securities Corp now owns 163 shares of the e-commerce giant’s stock valued at $32,000 after buying an additional 64 shares during the last quarter. Clarity Asset Management Inc. acquired a new position in shares of Amazon.com during the fourth quarter worth $46,000. Christopher J. Hasenberg Inc grew its stake in shares of Amazon.com by 650.0% during the second quarter. Christopher J. Hasenberg Inc now owns 300 shares of the e-commerce giant’s stock worth $58,000 after acquiring an additional 260 shares during the last quarter. Finally, Steph & Co. purchased a new position in shares of Amazon.com in the first quarter worth $65,000. Institutional investors own 72.20% of the company’s stock.

Wall Street Analysts Forecast Growth

AMZN has been the topic of several recent research reports. Rosenblatt Securities upped their price objective on shares of Amazon.com from $220.00 to $221.00 and gave the company a “buy” rating in a report on Friday, August 2nd. Needham & Company LLC restated a “buy” rating and issued a $210.00 target price on shares of Amazon.com in a research report on Thursday, September 12th. BMO Capital Markets restated an “outperform” rating and set a $230.00 target price on shares of Amazon.com in a report on Thursday, September 19th. Cantor Fitzgerald restated an “overweight” rating and set a $230.00 price target on shares of Amazon.com in a report on Monday, September 23rd. Finally, TD Cowen lifted their target price on shares of Amazon.com from $225.00 to $245.00 and gave the company a “buy” rating in a report on Wednesday, July 10th. One analyst has rated the stock with a hold rating, forty-one have issued a buy rating and one has issued a strong buy rating to the company’s stock. According to MarketBeat, Amazon.com has an average rating of “Buy” and an average price target of $222.84.

Amazon.com Stock Performance

Shares of Amazon.com stock opened at $187.97 on Monday. The firm’s fifty day simple moving average is $178.92 and its 200-day simple moving average is $182.68. Amazon.com, Inc. has a 12 month low of $118.35 and a 12 month high of $201.20. The stock has a market capitalization of $1.96 trillion, a price-to-earnings ratio of 52.65, a PEG ratio of 1.46 and a beta of 1.14. 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 (NASDAQ:AMZN) last posted its quarterly earnings data on Thursday, August 1st. The e-commerce giant reported $1.23 EPS for the quarter, beating 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 company had revenue of $147.98 billion for the quarter, compared to analyst estimates of $148.63 billion. As a group, equities analysts forecast 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, insider Jeffrey P. Bezos sold 3,085,116 shares of Amazon.com stock in a transaction on Friday, July 5th. The shares were sold at an average price of $200.07, for a total value of $617,239,158.12. Following the transaction, the insider now directly owns 931,925,277 shares in the company, valued at approximately $186,450,290,169.39. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. In related news, insider Jeffrey P. Bezos sold 3,085,116 shares of the stock in a transaction dated Friday, July 5th. The shares were sold at an average price of $200.07, for a total transaction of $617,239,158.12. Following the completion of the transaction, the insider now directly owns 931,925,277 shares of the company’s stock, valued at $186,450,290,169.39. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, 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 value of $2,628,000.00. Following the completion of the sale, the chief financial officer now directly owns 49,000 shares in the company, valued at approximately $8,820,000. The disclosure for this sale can be found here. Insiders sold a total of 6,098,297 shares of company stock valued at $1,219,443,957 in the last ninety days. 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.