Financial Strategies Group Inc. owns $7.69 million worth of stock in Amazon.com, Inc. (NASDAQ:AMZN)

Financial Strategies Group Inc. raised its stake in Amazon.com, Inc. (NASDAQ:AMZN – Free Report) by 11.0% in the 1st quarter, according to the company’s latest 13F filing with the Securities and Exchange Commission. The fund held 41,434 shares of the e-commerce giant after purchasing an additional 4,097 shares during the quarter. Amazon.com accounts for 2.1% of Financial Strategies Group Inc.’s stake, making it the 12th-largest stock. Financial Strategies Group Inc.’s stake in Amazon.com was worth $7,693,000, according to the company’s latest 13F filing with the Securities and Exchange Commission.

Several other hedge funds and other institutional investors also changed their positions in AMZN. Vanguard Group Inc. increased its holdings in Amazon.com by 1.7% in the fourth quarter. Vanguard Group Inc. now owns 771,086,427 shares of the e-commerce giant’s stock valued at $117,158,872,000 after purchasing an additional 13,134,632 shares in the last quarter. Norges Bank bought a new stake in Amazon.com in the fourth quarter worth approximately $17,700,551,000. Jennison Associates LLC increased its holdings in Amazon.com by 2.5% in the fourth quarter. Jennison Associates LLC now owns 56,371,051 shares of the e-commerce giant’s stock valued at $8,565,017,000 after purchasing an additional 1,389,503 shares in the last quarter. Charles Schwab Investment Management Inc. increased its holdings in Amazon.com by 3.0% in the fourth quarter. Charles Schwab Investment Management Inc. now owns 51,920,953 shares of the e-commerce giant’s stock worth $7,888,870,000 after purchasing an additional 1,525,922 shares during the period. Finally, Fisher Asset Management LLC increased its position in Amazon.com by 2.1% in the fourth quarter. Fisher Asset Management LLC now owns 42,241,587 shares of the e-commerce giant’s stock worth $6,418,187,000 after acquiring an additional 888,369 shares in the last quarter. 72.20% of the outstanding shares are owned by institutional investors.

Amazon.com Internal Transactions

In related news, 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 transaction value of $90,690.00. Following the completion of the sale, the CEO now owns 130,600 shares of the company’s stock, valued at $23,688,228. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link . In other news, CEO Douglas J. Herrington sold 3,500 shares of the company’s stock in a transaction that took place on Wednesday, May 1. The shares were sold at an average price of $180.29, for a total transaction value of $631,015.00. Following the completion of the transaction, the CEO now directly owns 509,358 shares of the company’s stock, valued at $91,832,153.82. The transaction was disclosed in an SEC filing, which can be accessed through this hyperlink . Additionally, CEO Adam Selipsky sold 500 shares of Amazon.com 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 sale, the CEO now owns 130,600 shares of the company’s stock, valued at $23,688,228. Disclosure of this sale can be found here . Insiders have sold a total of 5,847,094 shares of the company’s stock, valued at $1,169,058,874, over the last ninety days. Insiders currently own 10.80% of the stock.

Analyst ratings upgrades and downgrades

AMZN has been the subject of several recent research reports. Robert W. Baird raised their price target for Amazon.com from $210.00 to $213.00 and gave the stock an “outperform” rating in a research note on Friday, June 21. Needham & Company LLC reiterated a “buy” rating and set a $205.00 price target for shares of Amazon.com in a research report on Tuesday. BMO Capital Markets raised their price target for shares of Amazon.com from $215.00 to $220.00 and gave the company an “outperform” rating in a research report on Wednesday, May 1. Telsey Advisory Group raised their price target for shares of Amazon.com from $200.00 to $215.00 and gave the stock an “outperform” rating in a research report on Wednesday, May 1. Finally, Moffett Nathanson reissued a “buy” rating and set a $228.00 price target on shares of Amazon.com in a report on Thursday, April 11. One equities research analyst rated the stock a “hold,” forty-two gave a “buy” rating, and one gave a “strong buy” rating to the company. According to MarketBeat.com, the company currently has a consensus rating of “buy” and an average price target of $217.38.

Check out our latest AMZN Stock Report

Amazon.com Price Performance

AMZN stock opened at $199.79 on Thursday. The company’s 50 day moving average is $187.26, and its 200 day moving average is $175.75. The low of Amazon.com, Inc. stock in 12 months was $118.35, and the high was $201.20. The company has a current ratio of 0.87, a current ratio of 1.07, and a debt-to-equity ratio of 0.27. The stock has a market capitalization of $2.08 trillion, a P/E ratio of 55.96, a P/E/G ratio of 1.43, and a beta of 1.15.

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

Amazon.com Profile

(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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