First Command Advisory Services Inc. Takes $3.73 Million Position in Amazon.com, Inc. (NASDAQ:AMZN)

First Command Advisory Services Inc. bought a new stake in Amazon.com, Inc. (NASDAQ:AMZN) in the 2nd quarter, according to its most recent 13F filing with the SEC. The firm bought 19,275 shares of the e-commerce giant’s stock, valued at approximately $3,725,000.

Other large investors also recently made changes to their positions in the company. GUNN & Co INVESTMENT MANAGEMENT INC. grew its stake in Amazon.com by 291.8% in the 4th quarter. GUNN & Co INVESTMENT MANAGEMENT INC. now owns 28,995 shares of the e-commerce giant’s stock valued at $4,406,000 after buying an additional 21,595 shares in the last quarter. Crew Capital Management Ltd. grew its stake in Amazon.com by 2.4% in the 4th quarter. Crew Capital Management Ltd. now owns 3,874 shares of the e-commerce giant’s stock valued at $589,000 after buying an additional 91 shares in the last quarter. Fernwood Investment Management LLC grew its position in shares of Amazon.com by 0.4% during the 4th quarter. Fernwood Investment Management LLC now owns 47,110 shares of the e-commerce giant’s stock valued at $6,992,000 after purchasing an additional 180 shares in the last quarter. Steele Capital Management Inc. purchased a new position in shares of Amazon.com during the 4th quarter valued at $10,306,000. Finally, LWM Advisory Services LLC grew its position in shares of Amazon.com by 2.5% during the 4th quarter. LWM Advisory Services LLC now owns 16,665 shares of the e-commerce giant’s stock valued at $2,532,000 after purchasing an additional 413 shares in the last quarter. 72.20% of the stock is currently owned by institutional investors and hedge funds.

Amazon.com Stock Down 0.2 %

Shares of NASDAQ:AMZN opened at $186.43 on Thursday. Amazon.com, Inc. has a one year low of $118.35 and a one year high of $201.20. The company has a 50 day moving average of $178.71 and a 200-day moving average of $181.83. The company has a debt-to-equity ratio of 0.23, a current ratio of 1.10 and a quick ratio of 0.88. The stock has a market cap of $1.94 trillion, a price-to-earnings ratio of 52.22, a P/E/G ratio of 1.39 and a beta of 1.14.

Amazon.com (NASDAQ:AMZN) last issued its quarterly earnings data on Thursday, August 1st. The e-commerce giant reported $1.23 EPS for the quarter, topping the consensus estimate of $1.05 by $0.18. The business had revenue of $147.98 billion for the quarter, compared to the consensus estimate of $148.63 billion. Amazon.com had a return on equity of 21.39% and a net margin of 7.35%. On average, sell-side analysts forecast that Amazon.com, Inc. will post 4.86 earnings per share for the current year.

Insider Buying and Selling at Amazon.com

In other Amazon.com news, VP Shelley Reynolds sold 3,791 shares of Amazon.com stock in a transaction dated Wednesday, August 21st. The stock was sold at an average price of $181.04, for a total value of $686,322.64. Following the sale, the vice president now owns 121,461 shares of the company’s stock, valued at approximately $21,989,299.44. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. In related news, CEO Andrew R. Jassy sold 20,784 shares of Amazon.com stock in a transaction dated Wednesday, August 21st. The stock was sold at an average price of $180.77, for a total transaction of $3,757,123.68. Following the completion of the transaction, the chief executive officer now owns 2,056,534 shares in the company, valued at $371,759,651.18. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, VP Shelley Reynolds sold 3,791 shares of the firm’s stock in a transaction that occurred on Wednesday, August 21st. The stock was sold at an average price of $181.04, for a total transaction of $686,322.64. Following the sale, the vice president now owns 121,461 shares of the company’s stock, valued at $21,989,299.44. The disclosure for this sale can be found here. Insiders have sold 6,104,317 shares of company stock valued at $1,220,621,322 in the last 90 days. 10.80% of the stock is currently owned by company insiders.

Analysts Set New Price Targets

A number of research analysts have recently commented on the stock. Royal Bank of Canada restated an “outperform” rating and set a $215.00 price target on shares of Amazon.com in a research report on Friday, August 2nd. Maxim Group boosted their price target on shares of Amazon.com from $238.00 to $251.00 and gave the company a “buy” rating in a research report on Friday, August 2nd. JMP Securities upped their target price on shares of Amazon.com from $245.00 to $265.00 and gave the stock a “market outperform” rating in a research report on Tuesday, September 3rd. TD Securities upped their target price on shares of Amazon.com from $225.00 to $245.00 in a research report on Wednesday, July 10th. Finally, Wedbush reissued an “outperform” rating and issued a $225.00 price target on shares of Amazon.com in a research note on Friday, August 2nd. One equities research analyst has rated the stock with a hold rating, forty have issued a buy rating and two have issued a strong buy rating to the company’s stock. According to data from MarketBeat.com, Amazon.com currently has an average rating of “Buy” and an average price target of $222.49.

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.