Financial Partners Group LLC Has $2.01 Million Position in Amazon.com, Inc. (NASDAQ:AMZN)

Financial Partners Group LLC decreased its position in shares of Amazon.com, Inc. (NASDAQ:AMZN - Free Report) by 12.4% in the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 10,579 shares of the e-commerce giant's stock after selling 1,492 shares during the period. Amazon.com comprises 0.9% of Financial Partners Group LLC's portfolio, making the stock its 28th biggest position. Financial Partners Group LLC's holdings in Amazon.com were worth $2,013,000 at the end of the most recent reporting period.

Other hedge funds also recently modified their holdings of the company. Prudent Man Investment Management Inc. acquired a new stake in shares of Amazon.com during the fourth quarter worth approximately $27,000. LSV Asset Management acquired a new stake in shares of Amazon.com during the fourth quarter worth approximately $35,000. Perritt Capital Management Inc increased its holdings in shares of Amazon.com by 72.7% during the fourth quarter. Perritt Capital Management Inc now owns 190 shares of the e-commerce giant's stock worth $42,000 after buying an additional 80 shares in the last quarter. Compass Planning Associates Inc acquired a new stake in shares of Amazon.com during the fourth quarter worth approximately $51,000. Finally, Halbert Hargrove Global Advisors LLC acquired a new stake in shares of Amazon.com during the fourth quarter worth approximately $54,000. Institutional investors and hedge funds own 72.20% of the company's stock.

Amazon.com Trading Up 0.0%

Shares of NASDAQ AMZN traded up $0.06 during midday trading on Monday, reaching $223.47. 36,547,965 shares of the stock were exchanged, compared to its average volume of 42,009,887. Amazon.com, Inc. has a 12 month low of $151.61 and a 12 month high of $242.52. The company has a debt-to-equity ratio of 0.17, a current ratio of 1.05 and a quick ratio of 0.84. The business has a 50-day simple moving average of $206.44 and a two-hundred day simple moving average of $208.52. The company has a market capitalization of $2.37 trillion, a price-to-earnings ratio of 36.40, a P/E/G ratio of 1.68 and a beta of 1.33.

Amazon.com (NASDAQ:AMZN - Get Free Report) last posted its quarterly earnings data on Thursday, May 1st. The e-commerce giant reported $1.59 EPS for the quarter, beating the consensus estimate of $1.38 by $0.21. The business had revenue of $155.67 billion for the quarter, compared to analysts' expectations of $154.96 billion. Amazon.com had a net margin of 10.14% and a return on equity of 24.14%. The firm's revenue was up 8.6% compared to the same quarter last year. During the same period in the previous year, the firm posted $0.98 EPS. As a group, equities research analysts expect that Amazon.com, Inc. will post 6.31 EPS for the current year.

Insiders Place Their Bets

In related news, 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 value of $3,577,867.50. Following the sale, the chief financial officer directly owned 49,000 shares of the company's stock, valued at approximately $9,876,930. The trade was a 26.59% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, CEO Douglas J. Herrington sold 2,500 shares of the business's stock in a transaction on Tuesday, July 1st. The shares were 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 in the company, valued at $113,231,873. This represents a 0.48% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 3,426,963 shares of company stock worth $757,297,707 in the last ninety days. 9.70% of the stock is owned by insiders.

Analysts Set New Price Targets

AMZN has been the subject of several recent analyst reports. Royal Bank Of Canada dropped their price objective on shares of Amazon.com from $235.00 to $230.00 and set an "outperform" rating for the company in a report on Friday, May 2nd. Needham & Company LLC reissued a "buy" rating and set a $220.00 price target on shares of Amazon.com in a research note on Friday, May 2nd. Truist Financial increased their price target on shares of Amazon.com from $226.00 to $250.00 and gave the company a "buy" rating in a research note on Wednesday, July 2nd. UBS Group reissued a "buy" rating on shares of Amazon.com in a research note on Tuesday, May 6th. Finally, Sanford C. Bernstein set a $235.00 price target on shares of Amazon.com and gave the company an "outperform" rating in a research note on Tuesday, July 1st. Three equities research analysts have rated the stock with a hold rating, forty-five have assigned a buy rating and one has given a strong buy rating to the stock. According to MarketBeat, the company presently has a consensus rating of "Moderate Buy" and an average price target of $245.60.

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.