Amazon.com, Inc. (NASDAQ:AMZN) Holdings Increased by Game Plan Financial Advisors LLC

Game Plan Financial Advisors LLC grew its position in shares of Amazon.com, Inc. (NASDAQ:AMZN) by 2,094.9% during the second quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 40,650 shares of the e-commerce giant’s stock after purchasing an additional 38,798 shares during the period. Amazon.com makes up about 3.4% of Game Plan Financial Advisors LLC’s investment portfolio, making the stock its 4th largest position. Game Plan Financial Advisors LLC’s holdings in Amazon.com were worth $4,290,000 at the end of the most recent reporting period.

A number of other hedge funds also recently made changes to their positions in the company. Petix & Botte Co raised its stake in shares of Amazon.com by 1,669.2% during the second quarter. Petix & Botte Co now owns 2,300 shares of the e-commerce giant’s stock valued at $244,000 after purchasing an additional 2,170 shares during the period. Financial Advisors Network Inc. increased its stake in shares of Amazon.com by 2,085.9% in the second quarter. Financial Advisors Network Inc. now owns 3,869 shares of the e-commerce giant’s stock worth $411,000 after buying an additional 3,692 shares during the last quarter. Synergy Financial Group LTD increased its stake in shares of Amazon.com by 1,878.8% in the second quarter. Synergy Financial Group LTD now owns 43,851 shares of the e-commerce giant’s stock worth $4,657,000 after buying an additional 41,635 shares during the last quarter. Quilter Plc increased its stake in shares of Amazon.com by 1,913.1% in the second quarter. Quilter Plc now owns 1,463,942 shares of the e-commerce giant’s stock worth $155,485,000 after buying an additional 1,391,221 shares during the last quarter. Finally, Fluent Financial LLC increased its stake in shares of Amazon.com by 1,956.7% in the second quarter. Fluent Financial LLC now owns 26,490 shares of the e-commerce giant’s stock worth $2,814,000 after buying an additional 25,202 shares during the last quarter. Hedge funds and other institutional investors own 57.15% of the company’s stock.

Amazon.com Price Performance

NASDAQ AMZN opened at $94.13 on Thursday. The stock’s 50-day moving average price is $109.13 and its two-hundred day moving average price is $116.76. The company has a current ratio of 0.94, a quick ratio of 0.68 and a debt-to-equity ratio of 0.43. The company has a market cap of $960.28 billion, a PE ratio of 86.40, a PEG ratio of 6.18 and a beta of 1.23. Amazon.com, Inc. has a 1 year low of $85.87 and a 1 year high of $181.68.

Amazon.com (NASDAQ:AMZNGet Rating) last posted its quarterly earnings data on Thursday, October 27th. The e-commerce giant reported $0.28 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.22 by $0.06. The firm had revenue of $127.10 billion for the quarter, compared to the consensus estimate of $127.47 billion. Amazon.com had a return on equity of 14.44% and a net margin of 2.25%. The business’s revenue for the quarter was up 14.7% compared to the same quarter last year. During the same quarter in the previous year, the company earned $0.31 EPS. On average, analysts predict that Amazon.com, Inc. will post 0.74 EPS for the current year.

Insiders Place Their Bets

In other Amazon.com news, major shareholder Amazon Com Inc sold 250,000 shares of the business’s stock in a transaction dated Friday, October 7th. The stock was sold at an average price of $23.61, for a total transaction of $5,902,500.00. Following the sale, the insider now owns 14,178,445 shares in the company, valued at approximately $334,753,086.45. The transaction was disclosed in a filing with the SEC, which is available through this link. In other Amazon.com news, CEO Adam Selipsky sold 520 shares of Amazon.com stock in a transaction dated Wednesday, September 14th. The stock was sold at an average price of $127.43, for a total transaction of $66,263.60. Following the transaction, the chief executive officer now owns 115,680 shares of the company’s stock, valued at approximately $14,741,102.40. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, major shareholder Amazon Com Inc sold 250,000 shares of Amazon.com stock in a transaction dated Friday, October 7th. The shares were sold at an average price of $23.61, for a total value of $5,902,500.00. Following the transaction, the insider now directly owns 14,178,445 shares in the company, valued at approximately $334,753,086.45. The disclosure for this sale can be found here. In the last quarter, insiders have sold 303,988 shares of company stock worth $11,164,283. Company insiders own 12.70% of the company’s stock.

Analyst Upgrades and Downgrades

A number of analysts recently issued reports on the stock. Rosenblatt Securities dropped their price target on shares of Amazon.com from $118.00 to $103.00 and set a “neutral” rating for the company in a research note on Monday, November 14th. Atlantic Securities dropped their price target on shares of Amazon.com from $160.00 to $120.00 and set an “overweight” rating for the company in a research note on Friday, October 28th. Needham & Company LLC dropped their price target on shares of Amazon.com from $175.00 to $120.00 and set a “buy” rating for the company in a research note on Friday, October 28th. StockNews.com started coverage on shares of Amazon.com in a report on Wednesday, October 12th. They issued a “hold” rating for the company. Finally, Jefferies Financial Group decreased their price objective on shares of Amazon.com from $165.00 to $135.00 and set a “buy” rating for the company in a report on Friday, October 28th. Two research analysts have rated the stock with a sell rating, three have issued a hold rating and forty-one have given 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 target price of $149.40.

About Amazon.com

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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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