Financial Strategies Group Inc. Grows Stake in Amazon.com, Inc. (NASDAQ:AMZN)

Financial Strategies Group Inc. raised its position in shares of Amazon.com, Inc. (NASDAQ:AMZN) by 11.0% during the 1st quarter, Holdings Channel.com reports. The firm owned 41,434 shares of the e-commerce giant’s stock after purchasing an additional 4,097 shares during the period. Amazon.com accounts for 2.1% of Financial Strategies Group Inc.’s investment portfolio, making the stock its 12th largest holding. Financial Strategies Group Inc.’s holdings in Amazon.com were worth $7,693,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also recently modified their holdings of AMZN. Exchange Capital Management Inc. grew its position in shares of Amazon.com by 2.3% during the first quarter. Exchange Capital Management Inc. now owns 108,620 shares of the e-commerce giant’s stock worth $19,593,000 after purchasing an additional 2,482 shares in the last quarter. Westhampton Capital LLC grew its holdings in Amazon.com by 12.5% during the 1st quarter. Westhampton Capital LLC now owns 5,415 shares of the e-commerce giant’s stock valued at $977,000 after buying an additional 600 shares in the last quarter. Spectrum Wealth Advisory Group LLC lifted its holdings in shares of Amazon.com by 8.1% in the first quarter. Spectrum Wealth Advisory Group LLC now owns 5,342 shares of the e-commerce giant’s stock worth $964,000 after buying an additional 398 shares in the last quarter. Leonard Rickey Investment Advisors P.L.L.C. grew its stake in Amazon.com by 76.9% during the first quarter. Leonard Rickey Investment Advisors P.L.L.C. now owns 19,289 shares of the e-commerce giant’s stock valued at $3,479,000 after acquiring an additional 8,386 shares in the last quarter. Finally, Farmers & Merchants Investments Inc. grew its stake in Amazon.com by 5.0% during the first quarter. Farmers & Merchants Investments Inc. now owns 115,934 shares of the e-commerce giant’s stock valued at $20,912,000 after acquiring an additional 5,553 shares in the last quarter. 72.20% of the stock is owned by hedge funds and other institutional investors.

Amazon.com Stock Up 0.2 %

Shares of Amazon.com stock opened at $199.79 on Thursday. The company has a quick ratio of 0.87, a current ratio of 1.07 and a debt-to-equity ratio of 0.27. The company has a market cap of $2.08 trillion, a P/E ratio of 55.96, a PEG ratio of 1.43 and a beta of 1.15. The firm’s 50 day moving average price is $187.26 and its 200-day moving average price is $175.75. Amazon.com, Inc. has a 52-week low of $118.35 and a 52-week high of $201.20.

Amazon.com (NASDAQ:AMZN) last released its quarterly earnings results on Tuesday, April 30th. The e-commerce giant reported $0.98 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.83 by $0.15. The business had revenue of $143.31 billion for the quarter, compared to analyst estimates of $142.65 billion. Amazon.com had a net margin of 6.38% and a return on equity of 19.86%. The business’s revenue for the quarter was up 12.5% on a year-over-year basis. During the same period in the previous year, the company earned $0.31 earnings per share. On average, sell-side analysts predict that Amazon.com, Inc. will post 4.72 EPS for the current fiscal year.

Insiders Place Their Bets

In related news, CEO Adam Selipsky sold 500 shares of the stock in a transaction that occurred on Thursday, April 18th. The shares were sold at an average price of $181.38, for a total value of $90,690.00. Following the completion of the transaction, the chief executive officer now directly owns 130,600 shares of the company’s stock, valued at approximately $23,688,228. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. In other news, CEO Douglas J. Herrington sold 3,500 shares of the firm’s stock in a transaction dated Wednesday, May 1st. The stock was sold at an average price of $180.29, for a total value of $631,015.00. Following the completion of the transaction, the chief executive officer now directly owns 509,358 shares in the company, valued at $91,832,153.82. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. Also, CEO Adam Selipsky sold 500 shares of the company’s stock in a transaction that occurred on Thursday, April 18th. The shares were sold at an average price of $181.38, for a total value of $90,690.00. Following the completion of the sale, the chief executive officer now owns 130,600 shares in the company, valued at approximately $23,688,228. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 5,847,094 shares of company stock valued at $1,169,058,874. 10.80% of the stock is currently owned by corporate insiders.

Wall Street Analyst Weigh In

Several research firms have commented on AMZN. Wedbush reissued an “outperform” rating and set a $225.00 price objective on shares of Amazon.com in a report on Wednesday, May 1st. Robert W. Baird raised their price target on Amazon.com from $210.00 to $213.00 and gave the company an “outperform” rating in a report on Friday, June 21st. Rosenblatt Securities reaffirmed a “buy” rating and set a $220.00 price objective on shares of Amazon.com in a report on Wednesday, May 1st. Bank of America raised their target price on shares of Amazon.com from $210.00 to $220.00 and gave the company a “buy” rating in a report on Wednesday, June 26th. Finally, Raymond James upped their price target on shares of Amazon.com from $200.00 to $205.00 and gave the company a “strong-buy” rating in a research note on Wednesday, May 1st. One research analyst has rated the stock with a hold rating, forty-two have given a buy rating and one has issued a strong buy rating to the company’s stock. According to MarketBeat, the company presently has an average rating of “Buy” and an average target price of $217.38.

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.