TFC Financial Management Has $403,000 Stock Position in Amazon.com, Inc. (NASDAQ:AMZN)

TFC Financial Management grew its holdings in shares of Amazon.com, Inc. (NASDAQ:AMZN) by 1,905.3% in the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 3,790 shares of the e-commerce giant’s stock after buying an additional 3,601 shares during the quarter. TFC Financial Management’s holdings in Amazon.com were worth $403,000 at the end of the most recent reporting period.

A number of other hedge funds have also recently made changes to their positions in AMZN. Jennison Associates LLC grew its holdings in shares of Amazon.com by 1,764.2% during the second quarter. Jennison Associates LLC now owns 48,142,889 shares of the e-commerce giant’s stock valued at $5,113,256,000 after buying an additional 45,560,351 shares during the last quarter. Sumitomo Mitsui Trust Holdings Inc. boosted its holdings in Amazon.com by 1,923.1% during the second quarter. Sumitomo Mitsui Trust Holdings Inc. now owns 27,747,428 shares of the e-commerce giant’s stock worth $2,947,054,000 after purchasing an additional 26,375,927 shares during the last quarter. New York State Teachers Retirement System boosted its holdings in Amazon.com by 1,895.2% during the second quarter. New York State Teachers Retirement System now owns 10,349,048 shares of the e-commerce giant’s stock worth $1,099,172,000 after purchasing an additional 9,830,359 shares during the last quarter. Brown Advisory Inc. boosted its holdings in Amazon.com by 1,644.6% during the second quarter. Brown Advisory Inc. now owns 9,685,141 shares of the e-commerce giant’s stock worth $1,202,879,000 after purchasing an additional 9,129,976 shares during the last quarter. Finally, Allspring Global Investments Holdings LLC boosted its holdings in Amazon.com by 1,539.8% during the second quarter. Allspring Global Investments Holdings LLC now owns 9,633,606 shares of the e-commerce giant’s stock worth $1,023,183,000 after purchasing an additional 9,046,135 shares during the last quarter. 57.15% of the stock is currently owned by institutional investors and hedge funds.

Amazon.com Price Performance

Shares of Amazon.com stock opened at $94.14 on Monday. Amazon.com, Inc. has a 52-week low of $85.87 and a 52-week high of $188.11. The stock has a market capitalization of $960.38 billion, a price-to-earnings ratio of 86.41, a price-to-earnings-growth ratio of 7.48 and a beta of 1.23. The company has a fifty day moving average of $110.68 and a 200-day moving average of $117.08. The company has a debt-to-equity ratio of 0.43, a quick ratio of 0.68 and a current ratio of 0.94.

Amazon.com (NASDAQ:AMZNGet Rating) last announced its quarterly earnings data on Thursday, October 27th. The e-commerce giant reported $0.28 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.22 by $0.06. Amazon.com had a net margin of 2.25% and a return on equity of 14.44%. The company had revenue of $127.10 billion during the quarter, compared to analysts’ expectations of $127.47 billion. During the same quarter in the prior year, the company earned $0.31 EPS. The firm’s revenue was up 14.7% on a year-over-year basis. Equities research analysts expect that Amazon.com, Inc. will post 0.74 EPS for the current year.

Insider Activity

In other news, CEO Adam Selipsky sold 345 shares of the company’s stock in a transaction on Tuesday, November 1st. The shares were sold at an average price of $102.00, for a total value of $35,190.00. Following the completion of the sale, the chief executive officer now owns 112,795 shares of the company’s stock, valued at approximately $11,505,090. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. In related news, CEO Douglas J. Herrington sold 15,787 shares of the company’s stock in a transaction on Tuesday, November 15th. The shares were sold at an average price of $103.10, for a total transaction of $1,627,639.70. Following the completion of the sale, the chief executive officer now directly owns 522,251 shares in the company, valued at approximately $53,844,078.10. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, CEO Adam Selipsky sold 345 shares of the company’s stock in a transaction on Tuesday, November 1st. The shares were sold at an average price of $102.00, for a total transaction of $35,190.00. Following the sale, the chief executive officer now owns 112,795 shares of the company’s stock, valued at $11,505,090. The disclosure for this sale can be found here. In the last 90 days, insiders sold 269,412 shares of company stock valued at $7,914,139. Corporate insiders own 12.70% of the company’s stock.

Analysts Set New Price Targets

Several research firms recently weighed in on AMZN. Cowen cut their price target on shares of Amazon.com from $195.00 to $150.00 and set an “outperform” rating on the stock in a report on Friday, October 28th. Royal Bank of Canada cut their price target on shares of Amazon.com from $175.00 to $135.00 and set an “outperform” rating on the stock in a report on Friday, October 28th. Atlantic Securities cut their price target on shares of Amazon.com from $160.00 to $120.00 and set an “overweight” rating on the stock in a report on Friday, October 28th. JMP Securities cut their price target on shares of Amazon.com from $150.00 to $140.00 and set an “outperform” rating on the stock in a report on Friday, October 28th. Finally, StockNews.com initiated coverage on shares of Amazon.com in a research report on Wednesday, October 12th. They issued a “hold” rating on the stock. Two analysts have rated the stock with a sell rating, three have given a hold rating and forty-two have issued a buy rating to the company’s stock. Based on data from MarketBeat, Amazon.com has a consensus rating of “Moderate Buy” and an average price target of $150.89.

Amazon.com Profile

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Amazon.com, Inc engages in the retail sale of consumer products and subscriptions in North America and internationally. The company operates through three segments: North America, International, and Amazon Web Services (AWS). It sells merchandise and content purchased for resale from third-party sellers through physical and online stores.

See Also

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Institutional Ownership by Quarter for Amazon.com (NASDAQ:AMZN)

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