Free Trial

Amazon.com, Inc. (NASDAQ:AMZN) Shares Purchased by Alpha Financial Partners LLC

Amazon.com logo with Retail/Wholesale background

Key Points

  • Alpha Financial Partners LLC increased its stake in Amazon.com, Inc. by 60.5% in the first quarter, bringing its total ownership to 4,649 shares valued at approximately $885,000.
  • Multiple institutional investors have boosted their holdings in Amazon.com during the same period, with significant increases noted from Topsail Wealth Management LLC and Wealth Advisory Solutions LLC.
  • Amazon's stock has recently faced analyst upgrades, with Citigroup and Tigress Financial raising their price targets and maintaining a "buy" rating, while the average consensus price target is set at $262.45.
  • Want stock alerts on Amazon.com? Get 5 Weeks of MarketBeat All Access for $5. Get My Stock Alerts.

Alpha Financial Partners LLC boosted its stake in Amazon.com, Inc. (NASDAQ:AMZN - Free Report) by 60.5% in the first quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 4,649 shares of the e-commerce giant's stock after purchasing an additional 1,752 shares during the period. Amazon.com comprises approximately 0.7% of Alpha Financial Partners LLC's investment portfolio, making the stock its 23rd biggest position. Alpha Financial Partners LLC's holdings in Amazon.com were worth $885,000 as of its most recent SEC filing.

A number of other large investors have also recently bought and sold shares of the business. Northern Capital Management Inc. raised its holdings in shares of Amazon.com by 0.6% in the fourth quarter. Northern Capital Management Inc. now owns 7,353 shares of the e-commerce giant's stock valued at $1,613,000 after purchasing an additional 45 shares during the last quarter. Balanced Wealth Group LLC grew its position in shares of Amazon.com by 1.6% during the 4th quarter. Balanced Wealth Group LLC now owns 2,966 shares of the e-commerce giant's stock valued at $705,000 after purchasing an additional 48 shares in the last quarter. ETF Store Inc. grew its position in shares of Amazon.com by 2.1% during the 4th quarter. ETF Store Inc. now owns 2,378 shares of the e-commerce giant's stock valued at $522,000 after purchasing an additional 48 shares in the last quarter. Chatham Capital Group Inc. boosted its holdings in shares of Amazon.com by 0.8% in the 4th quarter. Chatham Capital Group Inc. now owns 6,019 shares of the e-commerce giant's stock worth $1,321,000 after purchasing an additional 50 shares in the last quarter. Finally, Foundry Financial Group Inc. increased its position in shares of Amazon.com by 3.5% during the 4th quarter. Foundry Financial Group Inc. now owns 1,507 shares of the e-commerce giant's stock valued at $331,000 after purchasing an additional 51 shares during the last quarter. 72.20% of the stock is currently owned by institutional investors and hedge funds.

Amazon.com Trading Up 3.9%

Shares of NASDAQ AMZN traded up $8.44 during midday trading on Wednesday, reaching $222.19. 54,656,017 shares of the stock were exchanged, compared to its average volume of 45,179,059. The company has a 50 day simple moving average of $218.57 and a 200 day simple moving average of $208.96. The stock has a market capitalization of $2.37 trillion, a P/E ratio of 33.87, a PEG ratio of 1.45 and a beta of 1.31. Amazon.com, Inc. has a twelve month low of $161.38 and a twelve month high of $242.52. The company has a debt-to-equity ratio of 0.15, a quick ratio of 0.81 and a current ratio of 1.02.

Amazon.com (NASDAQ:AMZN - Get Free Report) last announced its quarterly earnings data on Thursday, July 31st. The e-commerce giant reported $1.68 earnings per share for the quarter, beating analysts' consensus estimates of $1.31 by $0.37. The firm had revenue of $167.70 billion during the quarter, compared to analysts' expectations of $161.80 billion. Amazon.com had a net margin of 10.54% and a return on equity of 23.84%. The business's quarterly revenue was up 13.3% compared to the same quarter last year. During the same quarter in the previous year, the business posted $1.26 earnings per share. As a group, equities analysts expect that Amazon.com, Inc. will post 6.31 earnings per share for the current year.

Analyst Upgrades and Downgrades

Several analysts have weighed in on AMZN shares. Westpark Capital reissued a "buy" rating and issued a $280.00 price target on shares of Amazon.com in a research note on Friday, August 1st. Cantor Fitzgerald boosted their price target on Amazon.com from $260.00 to $280.00 and gave the stock an "overweight" rating in a research report on Friday, August 1st. Monness Crespi & Hardt raised their price target on Amazon.com from $265.00 to $275.00 and gave the company a "buy" rating in a report on Friday, August 1st. Wall Street Zen upgraded shares of Amazon.com from a "hold" rating to a "buy" rating in a report on Saturday. Finally, BNP Paribas Exane raised Amazon.com from a "neutral" rating to an "outperform" rating and set a $254.00 price target on the stock in a report on Friday, June 27th. One equities research analyst has rated the stock with a hold rating, forty-seven have issued a buy rating and two have given a strong buy rating to the stock. According to MarketBeat.com, Amazon.com has an average rating of "Buy" and an average price target of $262.45.

Read Our Latest Research Report on AMZN

Insider Activity

In other Amazon.com news, insider Jeffrey P. Bezos sold 4,273,237 shares of the company's stock in a transaction on Friday, July 11th. The shares were sold at an average price of $224.81, for a total transaction of $960,666,409.97. Following the completion of the transaction, the insider owned 897,722,088 shares in the company, valued at approximately $201,816,902,603.28. This represents a 0.47% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. In the last ninety days, insiders have sold 25,102,037 shares of company stock valued at $5,674,937,048. Corporate insiders own 10.80% of the company's stock.

Amazon.com Profile

(Free Report)

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.

See Also

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

Should You Invest $1,000 in Amazon.com Right Now?

Before you consider Amazon.com, you'll want to hear this.

MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and Amazon.com wasn't on the list.

While Amazon.com currently has a Buy rating among analysts, top-rated analysts believe these five stocks are better buys.

View The Five Stocks Here

Ten Starter Stocks For Beginners to Buy Now Cover

Just getting into the stock market? These 10 simple stocks can help beginning investors build long-term wealth without knowing options, technicals, or other advanced strategies.

Get This Free Report
Like this article? Share it with a colleague.

Featured Articles and Offers

Related Videos

Magnificent 7 Stocks Shift Toward Stability and Selective Growth

Stock Lists

All Stock Lists

Investing Tools

Calendars and Tools

Search Headlines