Ford Financial Group Inc. Raises Holdings in Amazon.com, Inc. (AMZN)

Ford Financial Group Inc. boosted its holdings in Amazon.com, Inc. (NASDAQ:AMZN) by 105.9% during the 4th quarter, HoldingsChannel reports. The fund owned 383 shares of the e-commerce giant’s stock after purchasing an additional 197 shares during the quarter. Ford Financial Group Inc.’s holdings in Amazon.com were worth $575,000 at the end of the most recent reporting period.

Other institutional investors have also modified their holdings of the company. HC Financial Advisors Inc. lifted its stake in Amazon.com by 22.6% in the 3rd quarter. HC Financial Advisors Inc. now owns 315 shares of the e-commerce giant’s stock worth $631,000 after purchasing an additional 58 shares in the last quarter. Merit Financial Group LLC lifted its stake in Amazon.com by 20.6% in the 3rd quarter. Merit Financial Group LLC now owns 935 shares of the e-commerce giant’s stock worth $1,872,000 after purchasing an additional 160 shares in the last quarter. Mycio Wealth Partners LLC lifted its stake in Amazon.com by 16.0% in the 3rd quarter. Mycio Wealth Partners LLC now owns 2,994 shares of the e-commerce giant’s stock worth $5,997,000 after purchasing an additional 412 shares in the last quarter. CFO4Life Group LLC lifted its stake in Amazon.com by 3.5% in the 3rd quarter. CFO4Life Group LLC now owns 2,959 shares of the e-commerce giant’s stock worth $5,927,000 after purchasing an additional 100 shares in the last quarter. Finally, Day & Ennis LLC lifted its stake in Amazon.com by 30.9% in the 3rd quarter. Day & Ennis LLC now owns 322 shares of the e-commerce giant’s stock worth $645,000 after purchasing an additional 76 shares in the last quarter. Hedge funds and other institutional investors own 55.33% of the company’s stock.

Shares of AMZN stock opened at $1,815.48 on Friday. The company has a debt-to-equity ratio of 0.48, a quick ratio of 0.83 and a current ratio of 1.09. The stock has a market capitalization of $914.52 billion, a price-to-earnings ratio of 90.14, a P/E/G ratio of 2.11 and a beta of 1.62. Amazon.com, Inc. has a one year low of $1,307.00 and a one year high of $2,050.50.

Amazon.com (NASDAQ:AMZN) last issued its earnings results on Thursday, April 25th. The e-commerce giant reported $7.09 EPS for the quarter, topping the Zacks’ consensus estimate of $4.61 by $2.48. The business had revenue of $59.70 billion for the quarter, compared to the consensus estimate of $59.73 billion. Amazon.com had a net margin of 4.97% and a return on equity of 28.91%. The company’s revenue for the quarter was up 17.0% compared to the same quarter last year. During the same period in the prior year, the firm earned $3.27 EPS. On average, equities analysts forecast that Amazon.com, Inc. will post 26.59 EPS for the current fiscal year.

In other news, CEO Jeffrey A. Wilke sold 2,500 shares of the stock in a transaction that occurred on Wednesday, May 1st. The shares were sold at an average price of $1,934.42, for a total transaction of $4,836,050.00. Following the transaction, the chief executive officer now directly owns 10,000 shares in the company, valued at $19,344,200. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, Director Indra K. Nooyi sold 58 shares of the stock in a transaction that occurred on Tuesday, March 5th. The shares were sold at an average price of $1,701.56, for a total transaction of $98,690.48. Following the transaction, the director now owns 150 shares in the company, valued at $255,234. The disclosure for this sale can be found here. Insiders sold a total of 12,990 shares of company stock worth $24,295,428 over the last 90 days. Insiders own 16.10% of the company’s stock.

Several analysts have recently issued reports on AMZN shares. Zacks Investment Research cut shares of Amazon.com from a “buy” rating to a “hold” rating in a research report on Monday, January 28th. Wedbush restated an “outperform” rating and set a $2,100.00 target price (up from $2,000.00) on shares of Amazon.com in a research report on Friday, February 1st. They noted that the move was a valuation call. Pivotal Research started coverage on shares of Amazon.com in a research report on Friday, February 1st. They set a “buy” rating and a $1,920.00 target price on the stock. JPMorgan Chase & Co. restated a “buy” rating on shares of Amazon.com in a research report on Monday, April 29th. Finally, BMO Capital Markets upped their target price on shares of Amazon.com from $2,250.00 to $2,300.00 and gave the company an “outperform” rating in a research report on Wednesday, January 30th. Five investment analysts have rated the stock with a hold rating and forty-three have assigned a buy rating to the company. The company presently has a consensus rating of “Buy” and an average price target of $2,181.89.

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Amazon.com Profile

Amazon.com, Inc engages in the retail sale of consumer products and subscriptions in North America and internationally. The company operates through three segments: North America, International, and Amazon Web Services (AWS) segments. It sells merchandise and content purchased for resale from third-party sellers through physical stores and online stores.

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Institutional Ownership by Quarter for Amazon.com (NASDAQ:AMZN)

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