Affiance Financial LLC acquires 436 shares of Amazon.com, Inc. (NASDAQ:AMZN)

Affiance Financial LLC raised its holdings in shares of Amazon.com, Inc. (NASDAQ:AMZN) by 4.3% in the 1st quarter, according to a filing with the Securities & Exchange Commission. The institutional investor holds 10,690 shares of the e-commerce giant after acquiring an additional 436 shares during the quarter. Amazon.com makes up about 0.5% of Affiance Financial LLC’s stake, making it the 29th-largest stock. Affiance Financial LLC’s stake in Amazon.com was worth $1,928,000 at the end of the last quarter.

Several other hedge funds also recently made changes to their positions in the business. ShoreHaven Wealth Partners LLC increased its position in shares of Amazon.com by 1.9% in the 4th quarter. ShoreHaven Wealth Partners LLC now owns 3,234 shares of the e-commerce giant’s stock worth $491,000 after purchasing an additional 60 shares in the last quarter. O Dell Group LLC increased its position in shares of Amazon.com by 0.5% in the 4th quarter. O Dell Group LLC now owns 13,581 shares of the e-commerce giant’s stock worth $2,064,000 after purchasing an additional 61 shares in the last quarter. Measured Wealth Private Client Group LLC increased its stake in Amazon.com by 2.5% in the 4th quarter. Measured Wealth Private Client Group LLC now owns 2,562 shares of the e-commerce giant’s stock worth $389,000 after purchasing an additional 62 shares in the last quarter. Ballew Advisors Inc increased its stake in Amazon.com by 1.5% in the first quarter. Ballew Advisors Inc now owns 4,248 shares of the e-commerce giant’s stock worth $790,000 after purchasing an additional 62 shares in the last quarter. Finally, Socha Financial Group LLC increased its stake in Amazon.com by 3.3% in the fourth quarter. Socha Financial Group LLC now owns 1,991 shares of the e-commerce giant’s stock worth $303,000 after purchasing an additional 63 shares in the last quarter. Institutional investors own 72.20% of the stock.

Amazon.com revenue growth of 2.0%

AMZN stock opened at $197.20 on Tuesday. The company’s 50 day market average price is $183.87, and its 200-day market average price is $173.28. Amazon.com, Inc. has a one-year low of $118.35 and a one-year high of $199.84. The company has a market capitalization of $2.05 trillion, a P/E ratio of 55.24, a P/E 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.

Amazon.com (NASDAQ:AMZN – Get Free Report) last announced its quarterly earnings data 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’ estimates of $142.65 billion. Amazon.com had a return on equity of 19.86% and a net margin of 6.38%. Amazon.com’s quarterly revenue increased 12.5% ​​year-over-year. In the same quarter last year, the company reported $0.31 earnings per share. Sell-side analysts are forecasting that Amazon.com, Inc. will post 4.72 EPS for the current fiscal year.

Wall Street analysts predict growth

Several analysts have recently commented on the company. Barclays raised their price target for Amazon.com from $220.00 to $230.00 and gave the company a “overweight” rating in a research note on Wednesday, May 1. Rosenblatt Securities reissued a “buy” rating and issued a $220.00 price target for shares of Amazon.com in a research note on Wednesday, May 1. Needham & Company LLC reaffirmed a “buy” rating and issued a $205.00 price target for shares of Amazon.com in a research note on Monday. Monness Crespi & Hardt raised their price target for Amazon.com from $215.00 to $225.00 and gave the stock a “buy” rating in a research note on Wednesday, May 1. Finally, Citigroup raised their price target on Amazon.com from $235.00 to $245.00 and gave the stock a “buy” rating in a research note on Wednesday, May 1. One research analyst rated the stock a “hold,” forty-three gave a “buy” rating, and one gave the stock a “strong buy” rating. Based on data from MarketBeat, the stock has an average rating of “buy” and an average price target of $215.86.

Read our latest report on Amazon.com

Insider Buying and Selling on Amazon.com

In other Amazon.com news, SVP David Zapolsky sold 4,710 shares of the company’s stock in a transaction on Thursday, June 27. The shares were sold at an average price of $195.00, for a total value of $918,450.00. Following the sale, the senior VP now owns 59,500 shares of the company’s stock, valued at $11,602,500. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC’s website . In other Amazon.com news, SVP David Zapolsky sold 4,710 shares of the company’s stock in a transaction on Thursday, June 27. The shares were sold at an average price of $195.00, for a total value of $918,450.00. Following the sale, the senior VP now owns 59,500 shares of the company’s stock, valued at $11,602,500. The transaction was disclosed in documents filed with the Securities and Exchange Commission, which can be accessed through the SEC’s website. Additionally, CEO Adam Selipsky sold 500 shares of the company’s stock in a transaction on Thursday, April 18. The shares were sold at an average price of $181.38, for a total of $90,690.00. Following the completion of the sale, the CEO now directly owns 130,600 shares of the company’s stock, valued at approximately $23,688,228. Disclosure of this sale can be found here. Over the last 90 days, insiders have sold 66,548 shares of the company’s stock, valued at $12,180,239. 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.

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