PFG Investments LLC Has $29.70 Million Stock Position in Amazon.com, Inc. (NASDAQ:AMZN)

PFG Investments LLC grew its position in Amazon.com, Inc. (NASDAQ:AMZN - Free Report) by 1.9% during the first quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 156,075 shares of the e-commerce giant's stock after purchasing an additional 2,861 shares during the quarter. Amazon.com makes up approximately 1.9% of PFG Investments LLC's portfolio, making the stock its 5th largest holding. PFG Investments LLC's holdings in Amazon.com were worth $29,695,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors also recently modified their holdings of the company. Elser Financial Planning Inc raised its position in shares of Amazon.com by 17.9% in the first quarter. Elser Financial Planning Inc now owns 5,976 shares of the e-commerce giant's stock valued at $1,137,000 after purchasing an additional 909 shares during the period. Jamison Private Wealth Management Inc. raised its position in shares of Amazon.com by 0.6% in the first quarter. Jamison Private Wealth Management Inc. now owns 61,570 shares of the e-commerce giant's stock valued at $11,714,000 after purchasing an additional 374 shares during the period. Rockline Wealth Management LLC raised its position in shares of Amazon.com by 2.9% in the first quarter. Rockline Wealth Management LLC now owns 42,290 shares of the e-commerce giant's stock valued at $8,046,000 after purchasing an additional 1,209 shares during the period. Cottage Street Advisors LLC raised its position in shares of Amazon.com by 155.1% in the first quarter. Cottage Street Advisors LLC now owns 46,523 shares of the e-commerce giant's stock valued at $8,851,000 after purchasing an additional 28,289 shares during the period. Finally, Covea Finance raised its position in shares of Amazon.com by 0.5% in the first quarter. Covea Finance now owns 472,684 shares of the e-commerce giant's stock valued at $89,933,000 after purchasing an additional 2,286 shares during the period. Institutional investors own 72.20% of the company's stock.

Amazon.com Price Performance

NASDAQ AMZN traded up $2.76 on Friday, hitting $225.02. 50,481,094 shares of the company were exchanged, compared to its average volume of 42,135,277. The company has a current ratio of 1.05, a quick ratio of 0.84 and a debt-to-equity ratio of 0.17. Amazon.com, Inc. has a 1-year low of $151.61 and a 1-year high of $242.52. The company has a market cap of $2.39 trillion, a P/E ratio of 36.65, a P/E/G ratio of 1.69 and a beta of 1.33. The firm has a 50 day moving average of $209.90 and a two-hundred day moving average of $208.49.

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

Wall Street Analysts Forecast Growth

AMZN has been the topic of a number of recent analyst reports. Westpark Capital reissued a "buy" rating and issued a $280.00 price target on shares of Amazon.com in a research report on Friday, May 2nd. Rosenblatt Securities boosted their target price on shares of Amazon.com from $287.00 to $288.00 and gave the stock a "buy" rating in a research report on Friday, May 2nd. UBS Group reaffirmed a "buy" rating on shares of Amazon.com in a research report on Tuesday, May 6th. Truist Financial boosted their target price on shares of Amazon.com from $226.00 to $250.00 and gave the stock a "buy" rating in a research report on Wednesday, July 2nd. Finally, Benchmark reaffirmed a "buy" rating and set a $260.00 target price on shares of Amazon.com in a research report on Friday, May 2nd. Three equities research analysts have rated the stock with a hold rating, forty-five have assigned a buy rating and two have given a strong buy rating to the company's stock. According to data from MarketBeat.com, Amazon.com presently has an average rating of "Moderate Buy" and a consensus target price of $249.42.

Insider Activity at Amazon.com

In other Amazon.com news, insider Jeffrey P. Bezos sold 3,100,000 shares of the company's stock in a transaction dated Friday, June 27th. The shares were sold at an average price of $221.42, for a total transaction of $686,402,000.00. Following the transaction, the insider directly owned 905,679,901 shares in the company, valued at approximately $200,535,643,679.42. This represents a 0.34% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, CEO Matthew S. Garman sold 20,923 shares of the company's stock in a transaction dated Wednesday, May 21st. The shares were sold at an average price of $201.30, for a total transaction of $4,211,799.90. The disclosure for this sale can be found here. In the last quarter, insiders sold 6,886,613 shares of company stock worth $1,531,840,610. Insiders own 9.70% of the company's stock.

Amazon.com 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.