Focus Financial Network Inc. ADV Buys Shares of 420,931 Amazon.com, Inc. (NASDAQ:AMZN)



Focus Financial Network Inc. ADV purchased a new position in shares of Amazon.com, Inc. (NASDAQ:AMZN) in the 4th quarter, according to the company in its most recent 13F filing with the SEC. The firm purchased 420,931 shares of the e-commerce giant’s stock, valued at approximately $63,956,000. Amazon.com comprises 2.4% of Focus Financial Network Inc. ADV’s investment portfolio, making the stock its 7th largest holding.

A number of other hedge funds also recently modified their holdings of AMZN. Stifel Financial Corp raised its stake in Amazon.com by 2.1% in the 4th quarter. Stifel Financial Corp now owns 8,140,171 shares of the e-commerce giant’s stock valued at $1,236,819,000 after acquiring an additional 166,640 shares during the period. Portfolio Design Labs LLC bought a new stake in shares of Amazon.com in the fourth quarter valued at approximately $9,657,000. Steward Partners Investment Advisory LLC lifted its stake in shares of Amazon.com by 2.1% during the 4th quarter. Steward Partners Investment Advisory LLC now owns 968,253 shares of the e-commerce giant’s stock valued at $147,116,000 after buying an additional 19,966 shares in the last quarter. CAP Partners LLC purchased a new stake in shares of Amazon.com during the 4th quarter valued at approximately $2,285,000. Finally, AAFMAA Wealth Management & Trust LLC boosted its holdings in Amazon.com by 32.2% in the 4th quarter. AAFMAA Wealth Management & Trust LLC now owns 30,916 shares of the e-commerce giant’s stock worth $4,697,000 after buying an additional 7,525 shares during the period. Institutional investors own 72.20% of the company’s stock.

Amazon.com Stock Down 0.4 %

Shares of Amazon.com stock opened at $184.30 on Friday. The company has a debt-to-equity ratio of 0.27, a quick ratio of 0.87 and a current ratio of 1.07. Amazon.com, Inc. has a 52-week low of $118.35 and a 52-week high of $191.70. The company’s 50 day moving average price is $182.53 and its 200-day moving average price is $168.83. The stock has a market capitalization of $1.92 trillion, a price-to-earnings ratio of 51.62, a P/E/G ratio of 1.32 and a beta of 1.14.

Amazon.com (NASDAQ:AMZN – Get Free Report) last announced its quarterly earnings results on Tuesday, April 30th. The e-commerce giant reported $0.98 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.83 by $0.15. The business had revenue of $143.31 billion for the quarter, compared to analyst estimates of $142.65 billion. Amazon.com had a net margin of 6.38% and a return on equity of 19.86%. The company’s revenue was up 12.5% on a year-over-year basis. During the same quarter last year, the firm earned $0.31 EPS. Equities research analysts forecast that Amazon.com, Inc. will post 4.72 EPS for the current year.

Insider Activity at Amazon.com

In other news, CEO Adam Selipsky sold 500 shares of Amazon.com stock in a transaction that occurred on Thursday, March 21st. The stock was sold at an average price of $180.00, for a total value of $90,000.00. Following the sale, the chief executive officer now directly owns 132,600 shares in the company, valued at approximately $23,868,000. The sale was disclosed in a filing with the SEC, which is available through this link. In related news, CEO Adam Selipsky sold 500 shares of the firm’s stock in a transaction on Thursday, March 21st. The stock was sold at an average price of $180.00, for a total value of $90,000.00. Following the completion of the sale, the chief executive officer now owns 132,600 shares of the company’s stock, valued at $23,868,000. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CEO Douglas J. Herrington sold 3,500 shares of Amazon.com stock in a transaction on Monday, June 3rd. The shares were sold at an average price of $177.29, for a total transaction of $620,515.00. Following the completion of the sale, the chief executive officer now owns 523,253 shares in the company, valued at approximately $92,767,524.37. The disclosure for this sale can be found here. Insiders have sold a total of 65,838 shares of company stock worth $11,984,344 in the last 90 days. Company insiders own 10.80% of the company’s stock.

Analyst Upgrades and Downgrades

Several equities research analysts have issued reports on AMZN shares. Needham & Company LLC restated a “buy” rating and set a $205.00 target price on shares of Amazon.com in a research report on Wednesday, May 15th. Rosenblatt Securities reissued a “buy” rating and set a $220.00 price objective on shares of Amazon.com in a report on Wednesday, May 1st. Benchmark reaffirmed a “buy” rating and set a $200.00 target price on shares of Amazon.com in a report on Wednesday, May 1st. Oppenheimer increased their price target on shares of Amazon.com from $210.00 to $220.00 and gave the stock an “outperform” rating in a report on Wednesday, May 1st. Finally, Stifel Nicolaus raised their price objective on shares of Amazon.com from $224.00 to $228.00 and gave the company a “buy” rating in a research report on Wednesday, May 1st. One equities research analyst has rated the stock with a hold rating, forty-three have given a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat.com, the company presently has an average rating of “Buy” and a consensus target price of $213.82.

Get Our Latest Report on AMZN

Amazon.com Profile

(Free Report)

Amazon.com, Inc engages in the retail sale of consumer products, advertising, and subscriptions service through online and physical stores in North America and internationally. The company operates through three segments: North America, International, and Amazon Web Services (AWS). It also manufactures and sells electronic devices, including Kindle, Fire tablets, Fire TVs, Echo, Ring, Blink, and eero; and develops and produces media content.

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



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