Arkansas Financial Group Inc. Invests $233,000 in Amazon.com, Inc. (NASDAQ:AMZN)

Arkansas Financial Group Inc. acquired a new position in shares of Amazon.com, Inc. (NASDAQ:AMZN) in the 1st quarter, according to its latest 13F filing with the Securities & Exchange Commission. The firm acquired 1,290 shares of the e-commerce giant’s stock valued at approximately $233,000.

Several other hedge funds and other institutional investors also modified their holdings in the company. Norges Bank bought a new position in Amazon.com in the fourth quarter worth $17,700,551,000. Vanguard Group Inc. increased its holdings in Amazon.com by 4.4% in the third quarter. Vanguard Group Inc. now owns 757,951,795 shares of the e-commerce giant’s stock worth $96,350,832,000 after purchasing an additional 32,038,029 shares during the period. International Assets Investment Management LLC increased its holdings in Amazon.com by 16,029.3% in the fourth quarter. International Assets Investment Management LLC now owns 23,865,216 shares of the e-commerce giant’s stock worth $36,260,810,000 after purchasing an additional 23,717,254 shares during the period. FMR LLC increased its holdings in Amazon.com by 7.7% in the third quarter. FMR LLC now owns 302,101,441 shares of the e-commerce giant’s stock worth $38,403,135,000 after purchasing an additional 21,649,871 shares during the period. Finally, Global Assets Advisory LLC increased its holdings in Amazon.com by 30,350.2% in the first quarter. Global Assets Advisory LLC now owns 6,531,569 shares of the e-commerce giant’s stock worth $1,178,164,000 after purchasing an additional 6,510,119 shares during the period. 72.20% of the stock is currently owned by hedge funds and other institutional investors.

Analyst ratings upgrades and downgrades

Several research analysts have recently issued reports on shares of AMZN. UBS Group raised their price target on Amazon.com from $215.00 to $217.00 and gave the stock a “buy” rating in a report on Wednesday, May 1. Stifel Nicolaus raised their price target on Amazon.com from $224.00 to $228.00 and gave the company a “buy” rating in a report on Wednesday, May 1. Truist Financial raised their price target on Amazon.com from $216.00 to $220.00 and gave the company a “buy” rating in a report on Wednesday, May 1. JPMorgan Chase & Co. raised their price target on Amazon.com from $225.00 to $240.00 and gave the stock a “overweight” rating in a report on Wednesday, May 1. Finally, Moffett Nathanson reiterated a “buy” rating and set a $228.00 price target on shares of Amazon.com in a report on Thursday, April 11. One analyst rated the stock a “hold,” forty-three have given a “buy” rating, and one has given the stock a “strong buy” rating. Based on data from MarketBeat.com, Amazon.com has an average rating of “buy” and a consensus price target of $215.86.

Check out our latest report on Amazon.com

Amazon.com Price Performance

NASDAQ:AMZN shares opened at $197.20 on Tuesday. The company has a market capitalization of $2.05 trillion, a price-to-earnings ratio of 55.24, a price-to-earnings-growth ratio of 1.38, and a beta of 1.15. The company has a debt-to-equity ratio of 0.27, a current ratio of 1.07 and a current ratio of 0.87. The company’s 50-day simple moving average is $183.87, and its 200-day simple moving average is $173.28. Amazon.com, Inc. has a 12-month low of $118.35 and a 12-month high of $199.84.

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

Buying and selling confidential information

In related news, VP Shelley Reynolds sold 2,700 shares of the company’s stock in a transaction that occurred on Tuesday, May 21. The shares were sold at an average price of $181.39, for a total value of $489,753.00. Following the sale, the VP now owns 119,780 shares of the company’s stock, valued at approximately $21,726,894.20. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink . In related news, VP Shelley Reynolds sold 2,700 shares of the company’s stock in a transaction that occurred on Tuesday, May 21. The shares were sold at an average price of $181.39, for a total value of $489,753.00. Following the sale, the Vice President now owns 119,780 shares of the company’s stock, valued at approximately $21,726,894.20. The transaction was disclosed in legal documents filed with the SEC, which can be accessed through this hyperlink . Additionally, CEO Andrew R. Jassy sold 20,784 shares of the company’s stock in a transaction that occurred on Tuesday, May 21. The shares were sold at an average price of $181.44, for a total 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 approximately $367,480,955.52. Disclosure of this sale can be found here . Insiders sold a total of 66,548 shares of the company’s stock valued at $12,180,239 during the last quarter. Company insiders own 10.80% of the company’s stock.

About Amazon.com

(Free report)

Amazon.com, Inc. is a consumer products retailer, advertising, and subscription service through online and physical stores in North America and internationally. 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 multimedia content.

Analyst ratings upgrades and downgrades

Amazon.com Price Performance

Buying and selling confidential information

About Amazon.com

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