TFG Advisers LLC increases its position in Amazon.com, Inc. (NASDAQ:AMZN)

TFG Advisers LLC has increased its position in Amazon.com, Inc., according to its latest 13F filing with the Securities and Exchange Commission. (NASDAQ:AMZN – Free Report) up 0.8% in the fourth quarter. The company owned 38,242 shares of the e-commerce giant’s stock after purchasing an additional 298 shares during the quarter. Amazon.com comprises approximately 2.4% of TFG Advisers LLC’s portfolio, making it the 6th largest company. At the end of the last reporting period, the value of TFG Advisers LLC’s shares in Amazon.com was USD 5,811,000.

Other hedge funds have also recently bought and sold shares of the company. E Fund Management Hong Kong Co. Ltd. increased its holdings in shares of Amazon.com by 45.0% in the 4th quarter. E Fund Management Hong Kong Co. Ltd. now owns 277 shares of the e-commerce giant’s stock valued at $42,000 after acquiring an additional 86 shares in the last quarter. Strid Group LLC bought a new stake in shares of Amazon.com during the 4th quarter worth $43,000. Harbor Investment Advisory LLC increased its holdings in Amazon.com by 0.7% during the fourth quarter. Harbor Investment Advisory LLC now owns 299,959 shares of the e-commerce giant’s stock valued at $46,000 after purchasing an additional 1,988 shares in the last quarter. Authentikos Wealth Advisory LLC acquired a new stake in shares of Amazon.com during the 3rd quarter worth $49,000. Finally, Bruce G. Allen Investments LLC bought a new position in Amazon.com during the 4th quarter worth $57,000. 72.20% of the shares are in the hands of institutional investors.

Confidential activity

In related news, CEO Andrew R. Jassy sold 20,784 shares of the company’s stock in a transaction on Tuesday, May 21st. The shares were sold at an average price of $181.44, for a total value of $3,771,048.96. Following the completion of the sale, the CEO now owns 2,025,358 shares of the company’s stock valued at $367,480,955.52. The sale was disclosed in a document filed with the Securities and Exchange Commission, which can be accessed through this hyperlink. In other Amazon.com news, CEO Andrew R. Jassy sold 20,784 shares of the company’s stock in a transaction on Tuesday, May 21st. The shares were sold at an average price of $181.44, for a total value of $3,771,048.96. Following the completion of the transaction, the CEO now owns 2,025,358 shares of the company’s stock valued at $367,480,955.52. The transaction was disclosed in a filing with the SEC, which is available on the SEC’s website. On Tuesday, May 21, CFO Brian T. Olsavsky sold 14,600 shares of the company’s stock in a transaction. The shares were sold at an average price of $182.11, for a total value of $2,658,806.00. Following the completion of the transaction, the CFO now owns 49,000 shares of the company’s stock, valued at approximately $8,923,390. The announcement of this sale can be found here. Over the last 90 days, insiders have sold 65,838 shares of company stock worth $11,984,344. Currently, 10.80% of the shares are owned by company insiders.

Amazon.com stock performance

NASDAQ:AMZN opened at $187.06 on Tuesday. The company has a market capitalization of $1.95 trillion, a PE ratio of 52.40, a price-to-earnings growth ratio of 1.32 and a beta of 1.14. Amazon.com, Inc. it has a fifty-two week low of $118.35 and a fifty-two week high of $191.70. The company has a debt to equity ratio of 0.27, a quick ratio of 0.87 and a current ratio of 1.07. The company has a 50-day moving average price of $182.66 and a 200-day moving average price of $169.27.

Amazon.com (NASDAQ:AMZN – Get Free Report) last released its quarterly earnings data on Tuesday, April 30th. The e-commerce giant reported earnings per share of $0.98 for the quarter, $0.15 above the analyst consensus of $0.83. The company had revenue of $143.31 billion for the quarter, compared to analyst estimates of $142.65 billion. Amazon.com had a return on equity of 19.86% and a net margin of 6.38%. The company’s quarterly revenues increased by 12.5% ​​compared to the same quarter last year. During the same quarter last year, the company reported earnings per share of $0.31. Stock research analysts predict that Amazon.com, Inc. will report 4.72 earnings per share for the current year.

Wall Street analysts predict growth

AMZN has been the subject of numerous analyst reports. Morgan Stanley raised their target price on shares of Amazon.com from $215.00 to $220.00 and gave the stock an “overweight” rating in a report on Wednesday, May 1st. Benchmark reissued a “buy” rating and set a $200.00 price target for shares of Amazon.com in a report on Wednesday, May 1st. Mizuho increased their target price on shares of Amazon.com from $230.00 to $240.00 and gave the stock a “buy” in a report on Wednesday, May 1st. UBS Group increased their target price on shares of Amazon.com from $215.00 to $217.00 and gave the stock a “buy” in a report on Wednesday, May 1. Finally, Wedbush reissued an outperform rating and set a $225.00 price target on shares of Amazon.com in a report on Wednesday, May 1st. One investment analyst has rated the stock with a hold rating, forty-three have issued a buy rating to the stock and one has issued a strong buy rating to the stock. The company currently has a consensus rating of “Buy” and an average price target of $213.82, according to MarketBeat.

Read our latest stock report on AMZN

Amazon.com profile

(free report)

Amazon.com, Inc. retails consumer products, advertising and subscription services through online and physical stores in North America and abroad. The company operates in three segments: North America, International and Amazon Web Services (AWS). It also manufactures and sells electronic devices including Kindle, Fire tablets, Fire TV, Echo, Ring, Blink and eero; and develops and produces media content.

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