TKG Advisors LLC buys 3,293 shares of Amazon.com, Inc. (NASDAQ:AMZN)

TKG Advisors LLC increased its position in shares of Amazon.com, Inc. during the fourth quarter, according to its latest disclosure with the Securities and Exchange Commission (SEC). (NASDAQ:AMZN) by 86.2%. The institutional investor owned 7,113 shares of the e-commerce giant after purchasing an additional 3,293 shares during the period. At the end of the last quarter, TKG Advisors LLC’s stock in Amazon.com was worth $1,081,000.

Several other large investors have also recently made changes to their positions in AMZN. E Fund Management Hong Kong Co. Ltd. increased its position on Amazon.com by 45.0% in the fourth 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 during the period. Strid Group LLC bought a new stake in shares of Amazon.com during the fourth quarter worth approximately $43,000. Clarity Asset Management Inc. purchased new shares of Amazon.com during the fourth quarter worth approximately $46,000. Bruce G. Allen Investments LLC bought a new stake in shares of Amazon.com during the fourth quarter worth approximately $57,000. Finally, Advantage Trust Co bought a new stake in shares of Amazon.com during the fourth quarter worth approximately $68,000. 72.20% of the shares are in the hands of institutional investors.

Amazon.com shares fell 0.1%

NASDAQ AMZN shares opened Friday at $183.66. The company has a fifty-day simple moving average of $182.92 and a two-hundred-day simple moving average of $170.19. The company has a market capitalization of $1.91 trillion, a PE ratio of 51.45, a price-to-earnings growth ratio of 1.32 and a beta of 1.14. The company has a current ratio of 1.07, a quick ratio of 0.87 and a debt to equity ratio of 0.27. Amazon.com, Inc. it has a 12 month low of $118.35 and a 12 month high of $191.70.

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

Wall Street analysts predict growth

AMZN has been the subject of several research reports. Raymond James raised their target price on shares of Amazon.com from $200.00 to $205.00 and gave the stock a “strong buy” rating in a research report on Wednesday, May 1st. Tigress Financial raised their target price on shares of Amazon.com from $210.00 to $245.00 and gave the company a “buy” rating in a research report on Thursday, May 30. Wedbush reissued an outperform rating and set a $225.00 price target on shares of Amazon.com in a research report on Wednesday, May 1st. Argus increased their target price on shares of Amazon.com from $185.00 to $205.00 and gave the company a “buy” rating in a research report on Thursday, May 2nd. Rosenblatt Securities ultimately reissued a “buy” rating and set a $220.00 price target on shares of Amazon.com in a research report on Wednesday, May 1st. One equity market analyst rated the company’s shares with a hold rating, forty-three rated the company’s shares with a buy rating, and one gave a strong buy rating to the company’s shares. Based on data from MarketBeat, Amazon.com currently has a consensus rating of “Buy” and a consensus price target of $213.82.

Download our latest stock report on Amazon.com

Confidential activity on Amazon.com

In related news, CEO Adam Selipsky sold 500 shares of the company’s stock in a transaction dated Thursday, March 21st. The shares were sold at an average price of $180.00, for a total transaction amount of $90,000.00. Following the sale, the CEO now directly owns 132,600 shares of the company’s stock, valued at approximately $23,868,000. The sale was disclosed in a legal filing with the Securities and Exchange Commission, available on the SEC’s website. In related news, CEO Adam Selipsky sold 500 shares of the company’s stock in a transaction dated Thursday, March 21st. The shares were sold at an average price of $180.00, for a total transaction amount of $90,000.00. Following the sale, the CEO now directly owns 132,600 shares of the company’s stock, valued at approximately $23,868,000. The sale was disclosed in a legal filing with the Securities and Exchange Commission, available on the SEC’s website. Additionally, CEO Douglas J. Herrington sold 3,500 shares of the company’s stock in a transaction dated Monday, June 3rd. The shares were sold at an average price of $177.29, for a total transaction amount of $620,515.00. Following the sale, the CEO now directly owns 523,253 shares of the company’s stock, valued at $92,767,524.37. The announcement of this sale can be found here. Over the last ninety days, insiders have sold 65,838 shares of company stock worth $11,984,344. 10.80% of the shares are owned by insiders.

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.

Amazon.com shares fell 0.1%

Wall Street analysts predict growth

Confidential activity on Amazon.com

Amazon.com profile

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