Amazon.com, Inc. (NASDAQ:AMZN) is Searcy Financial Services Inc. ADV’s 8th Largest Position



Searcy Financial Services Inc. ADV reduced its position in shares of Amazon.com, Inc. (NASDAQ:AMZN – Free Report) by 8.0% during the 1st quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 61,176 shares of the e-commerce giant’s stock after selling 5,297 shares during the quarter. Amazon.com accounts for approximately 5.6% of Searcy Financial Services Inc. ADV’s investment portfolio, making the stock its 8th biggest holding. Searcy Financial Services Inc. ADV’s holdings in Amazon.com were worth $11,035,000 at the end of the most recent quarter.

A number of other institutional investors have also recently modified their holdings of AMZN. Cooksen Wealth LLC acquired a new position in Amazon.com during the fourth quarter worth $30,000. E Fund Management Hong Kong Co. Ltd. raised its position in shares of Amazon.com by 45.0% during the 4th quarter. E Fund Management Hong Kong Co. Ltd. now owns 277 shares of the e-commerce giant’s stock worth $42,000 after purchasing an additional 86 shares during the last quarter. Strid Group LLC acquired a new stake in Amazon.com in the 4th quarter worth about $43,000. Clarity Asset Management Inc. purchased a new stake in Amazon.com during the 4th quarter worth approximately $46,000. Finally, Steph & Co. acquired a new position in shares of Amazon.com during the first quarter valued at approximately $65,000. 72.20% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

A number of analysts have recently issued reports on AMZN shares. Benchmark reaffirmed a “buy” rating and issued a $200.00 price target on shares of Amazon.com in a research note on Wednesday, May 1st. Bank of America increased their target price on shares of Amazon.com from $210.00 to $220.00 and gave the company a “buy” rating in a research report on Wednesday, June 26th. Argus boosted their price target on shares of Amazon.com from $185.00 to $205.00 and gave the stock a “buy” rating in a research report on Thursday, May 2nd. BMO Capital Markets increased their price objective on shares of Amazon.com from $215.00 to $220.00 and gave the company an “outperform” rating in a report on Wednesday, May 1st. Finally, Evercore ISI boosted their target price on Amazon.com from $220.00 to $225.00 and gave the stock an “outperform” rating in a report on Wednesday, May 1st. One analyst has rated the stock with a hold rating, forty-three have assigned a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat, the stock currently has an average rating of “Buy” and a consensus price target of $215.86.

Check Out Our Latest Report on Amazon.com

Amazon.com Stock Performance

Shares of AMZN opened at $200.00 on Friday. The company has a quick ratio of 0.87, a current ratio of 1.07 and a debt-to-equity ratio of 0.27. Amazon.com, Inc. has a 52-week low of $118.35 and a 52-week high of $200.55. The stock has a 50 day moving average price of $185.99 and a 200 day moving average price of $174.63. The company has a market capitalization of $2.08 trillion, a price-to-earnings ratio of 56.02, a price-to-earnings-growth ratio of 1.41 and a beta of 1.15.

Amazon.com (NASDAQ:AMZN – Get Free Report) last issued its earnings results on Tuesday, April 30th. The e-commerce giant reported $0.98 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.83 by $0.15. Amazon.com had a net margin of 6.38% and a return on equity of 19.86%. The business had revenue of $143.31 billion during the quarter, compared to analysts’ expectations of $142.65 billion. During the same quarter in the prior year, the business posted $0.31 EPS. The company’s revenue for the quarter was up 12.5% on a year-over-year basis. Research analysts predict that Amazon.com, Inc. will post 4.72 EPS for the current fiscal year.

Insider Buying and Selling

In other news, insider Jeffrey P. Bezos sold 1,463,437 shares of the business’s stock in a transaction that occurred on Tuesday, July 2nd. The stock was sold at an average price of $200.08, for a total transaction of $292,804,474.96. Following the sale, the insider now owns 935,211,842 shares of the company’s stock, valued at approximately $187,117,185,347.36. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. In other Amazon.com news, CEO Douglas J. Herrington sold 3,500 shares of Amazon.com stock in a transaction dated Monday, July 1st. The shares were sold at an average price of $195.99, for a total transaction of $685,965.00. Following the completion of the transaction, the chief executive officer now owns 519,753 shares in the company, valued at $101,866,390.47. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, insider Jeffrey P. Bezos sold 1,463,437 shares of the stock in a transaction that occurred on Tuesday, July 2nd. The shares were sold at an average price of $200.08, for a total transaction of $292,804,474.96. Following the completion of the sale, the insider now owns 935,211,842 shares in the company, valued at $187,117,185,347.36. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 1,532,985 shares of company stock valued at $305,578,679. Corporate insiders own 10.80% of the company’s stock.

Amazon.com Company 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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