AA Financial Advisors LLC Grows Holdings in Amazon.com, Inc. (NASDAQ:AMZN)

AA Financial Advisors LLC boosted its stake in Amazon.com, Inc. (NASDAQ:AMZN - Free Report) by 12.7% in the 1st quarter, according to its most recent filing with the SEC. The fund owned 15,092 shares of the e-commerce giant's stock after purchasing an additional 1,699 shares during the period. AA Financial Advisors LLC's holdings in Amazon.com were worth $2,871,000 at the end of the most recent quarter.

Several other institutional investors have also recently added to or reduced their stakes in AMZN. Tallon Kerry Patrick acquired a new position in Amazon.com during the 4th quarter worth about $800,000. Capital & Planning LLC lifted its position in shares of Amazon.com by 72.1% during the fourth quarter. Capital & Planning LLC now owns 3,902 shares of the e-commerce giant's stock worth $856,000 after purchasing an additional 1,635 shares in the last quarter. LaFleur & Godfrey LLC boosted its stake in shares of Amazon.com by 1.8% in the fourth quarter. LaFleur & Godfrey LLC now owns 49,407 shares of the e-commerce giant's stock valued at $10,839,000 after purchasing an additional 860 shares during the period. Brighton Jones LLC increased its stake in Amazon.com by 10.9% during the 4th quarter. Brighton Jones LLC now owns 4,036,091 shares of the e-commerce giant's stock worth $885,478,000 after buying an additional 397,007 shares during the period. Finally, Union Bancaire Privee UBP SA purchased a new stake in Amazon.com during the 4th quarter worth approximately $301,650,000. Institutional investors and hedge funds own 72.20% of the company's stock.

Insider Buying and Selling at Amazon.com

In related news, CEO Douglas J. Herrington sold 2,500 shares of the stock in a transaction on Tuesday, July 1st. The stock was sold at an average price of $220.06, for a total transaction of $550,150.00. Following the completion of the sale, the chief executive officer directly owned 514,550 shares of the company's stock, valued at $113,231,873. This trade represents a 0.48% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, CFO Brian T. Olsavsky sold 17,750 shares of the business's stock in a transaction on Wednesday, May 21st. The shares were sold at an average price of $201.57, for a total transaction of $3,577,867.50. Following the completion of the transaction, the chief financial officer directly owned 49,000 shares in the company, valued at $9,876,930. This represents a 26.59% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders have sold 3,426,963 shares of company stock valued at $757,297,707. Corporate insiders own 9.70% of the company's stock.

Amazon.com Price Performance

Shares of NASDAQ:AMZN opened at $223.13 on Friday. Amazon.com, Inc. has a one year low of $151.61 and a one year high of $242.52. The stock has a market capitalization of $2.37 trillion, a price-to-earnings ratio of 36.34, a PEG ratio of 1.66 and a beta of 1.33. The company has a 50-day simple moving average of $205.76 and a 200-day simple moving average of $208.76. The company has a debt-to-equity ratio of 0.17, a quick ratio of 0.84 and a current ratio of 1.05.

Amazon.com (NASDAQ:AMZN - Get Free Report) last posted its quarterly earnings data on Thursday, May 1st. The e-commerce giant reported $1.59 earnings per share for the quarter, topping analysts' consensus estimates of $1.38 by $0.21. Amazon.com had a return on equity of 24.14% and a net margin of 10.14%. The company had revenue of $155.67 billion during the quarter, compared to analysts' expectations of $154.96 billion. During the same period last year, the firm earned $0.98 EPS. The firm's revenue for the quarter was up 8.6% on a year-over-year basis. On average, analysts predict that Amazon.com, Inc. will post 6.31 EPS for the current year.

Analysts Set New Price Targets

Several equities analysts have commented on the stock. Rosenblatt Securities raised their price target on shares of Amazon.com from $287.00 to $288.00 and gave the company a "buy" rating in a research report on Friday, May 2nd. DA Davidson decreased their target price on Amazon.com from $280.00 to $230.00 and set a "buy" rating for the company in a report on Monday, April 14th. Deutsche Bank Aktiengesellschaft lowered their target price on Amazon.com from $287.00 to $206.00 and set a "buy" rating for the company in a research note on Monday, April 14th. Telsey Advisory Group reaffirmed an "outperform" rating and issued a $235.00 price target on shares of Amazon.com in a research report on Friday, May 2nd. Finally, Truist Financial boosted their price objective on Amazon.com from $226.00 to $250.00 and gave the stock a "buy" rating in a research report on Wednesday. Three research analysts have rated the stock with a hold rating, forty-five have assigned a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat, the company currently has an average rating of "Moderate Buy" and an average target price of $245.60.

Amazon.com Company 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.

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