Amazon.com, Inc. (NASDAQ:AMZN) Shares Purchased by Vishria Bird Financial Group LLC

Vishria Bird Financial Group LLC lifted its position in Amazon.com, Inc. (NASDAQ:AMZN) by 1,921.2% in the 2nd quarter, HoldingsChannel.com reports. The firm owned 79,169 shares of the e-commerce giant’s stock after acquiring an additional 75,252 shares during the quarter. Amazon.com comprises about 5.6% of Vishria Bird Financial Group LLC’s portfolio, making the stock its 5th biggest holding. Vishria Bird Financial Group LLC’s holdings in Amazon.com were worth $8,409,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other large investors have also recently made changes to their positions in the company. Elkhorn Partners Limited Partnership lifted its stake in shares of Amazon.com by 800.0% in the 1st quarter. Elkhorn Partners Limited Partnership now owns 18 shares of the e-commerce giant’s stock valued at $59,000 after purchasing an additional 16 shares during the period. Dravo Bay LLC acquired a new position in shares of Amazon.com in the 1st quarter valued at $72,000. Cordant Inc. acquired a new position in shares of Amazon.com in the 1st quarter valued at $150,000. Moisand Fitzgerald Tamayo LLC lifted its stake in shares of Amazon.com by 36.1% in the 1st quarter. Moisand Fitzgerald Tamayo LLC now owns 49 shares of the e-commerce giant’s stock valued at $160,000 after purchasing an additional 13 shares during the period. Finally, Evolution Advisers Inc. lifted its stake in shares of Amazon.com by 900.0% in the 1st quarter. Evolution Advisers Inc. now owns 50 shares of the e-commerce giant’s stock valued at $162,000 after purchasing an additional 45 shares during the period. 57.15% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Several equities research analysts recently commented on AMZN shares. Credit Suisse Group cut their price target on shares of Amazon.com from $159.00 to $142.00 and set an “outperform” rating for the company in a report on Friday, October 28th. Citigroup cut their price target on shares of Amazon.com from $185.00 to $145.00 and set a “buy” rating for the company in a report on Friday, October 28th. Bank of America cut their price target on shares of Amazon.com from $157.00 to $137.00 and set a “buy” rating for the company 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 for the company in a report on Friday, October 28th. Finally, Benchmark cut their price target on shares of Amazon.com from $160.00 to $125.00 and set a “buy” rating for the company in a report on Friday, October 28th. Two analysts have rated the stock with a sell rating, three have given a hold rating and forty-one have issued a buy rating to the company. Based on data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $149.40.

Insider Buying and Selling

In related news, VP Shelley Reynolds sold 3,500 shares of the company’s stock in a transaction that occurred on Monday, November 21st. The shares were sold at an average price of $94.00, for a total transaction of $329,000.00. Following the sale, the vice president now directly owns 119,780 shares in the company, valued at $11,259,320. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. In related news, VP Shelley Reynolds sold 3,500 shares of the company’s stock in a transaction that occurred on Monday, November 21st. The shares were sold at an average price of $94.00, for a total transaction of $329,000.00. Following the sale, the vice president now directly owns 119,780 shares in the company, valued at $11,259,320. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Also, major shareholder Amazon Com Inc sold 250,000 shares of the company’s stock in a transaction that occurred on 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 $334,753,086.45. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 303,988 shares of company stock worth $11,164,283. Company insiders own 12.70% of the company’s stock.

Amazon.com Stock Up 1.0 %

Shares of AMZN opened at $94.13 on Friday. The stock has a market capitalization of $960.28 billion, a PE ratio of 86.40, a P/E/G ratio of 6.23 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. The company has a debt-to-equity ratio of 0.43, a quick ratio of 0.68 and a current ratio of 0.94. The company’s 50-day simple moving average is $108.44 and its 200-day simple moving average is $116.60.

Amazon.com (NASDAQ:AMZNGet Rating) last issued its quarterly earnings results 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. Amazon.com had a net margin of 2.25% and a return on equity of 14.44%. The business had revenue of $127.10 billion for the quarter, compared to analysts’ expectations of $127.47 billion. During the same quarter in the prior year, the company earned $0.31 earnings per share. The business’s quarterly revenue was up 14.7% on a year-over-year basis. Analysts forecast that Amazon.com, Inc. will post 0.74 earnings per share for the current fiscal year.

Amazon.com Company 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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