First Pacific Financial has $771,000 stock position in Amazon.com, Inc. (NASDAQ:AMZN)

First Pacific Financial raised its stake in shares of Amazon.com, Inc. (NASDAQ:AMZN – Free Report) by 68.3% during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 3,988 shares of the e-commerce giant’s stock after acquiring an additional 1,619 shares during the quarter. First Pacific Financial’s holdings in Amazon.com were worth $771,000 at the end of the most recent reporting period.

Other large investors have also made changes to their positions in the company. Geneva Partners LLC boosted its position in shares of Amazon.com by 58.1% in the fourth quarter. Geneva Partners LLC now owns 37,870 shares of the e-commerce giant’s stock worth $5,754,000 after purchasing an additional 13,921 shares during the period. Kraft Davis & Associates LLC boosted its holdings in Amazon.com by 4.0% during the fourth quarter. Kraft Davis & Associates LLC now owns 10,680 shares of the e-commerce giant’s stock worth $1,703,000 after acquiring an additional 407 shares during the last quarter. Heirloom Wealth Management purchased a new position in Amazon.com during the fourth quarter valued at approximately $210,000. JW Cole Advisors Inc. grew its stake in Amazon.com by 11.1% in the fourth quarter. JW Cole Advisors Inc. now owns 167,277 shares of the e-commerce giant’s stock valued at $25,416,000 after purchasing an additional 16,754 shares in the last quarter. Finally, Hunter Associates Investment Management LLC increased its position in shares of Amazon.com by 6.8% during the 4th quarter. Hunter Associates Investment Management LLC now owns 9,901 shares of the e-commerce giant’s stock worth 1,503,000 shares. after buying an additional 630 shares in the last quarter. Institutional investors and hedge funds own 72.20% of the company’s shares.

Analysts on Wall Street are forecasting an increase

Several equities analysts recently weighed in on the stock. Maxim Group upped their target price on shares of Amazon.com from $238.00 to $251.00 and gave the company a “buy” rating in a research note on Friday, August 2nd. BMO Capital Markets raised their price objective on shares of Amazon.com from $220.00 to $230.00 and gave the company an “outperform” rating in a research report on Thursday, July 25th. Robert W. Baird upped their target price on shares of Amazon.com from $210.00 to $213.00 and gave the company an “outperform” rating in a report on Friday, June 21st. Itau BBA Securities downgraded Amazon.com from an “outperform” rating to a “market perform” rating and set a $186.00 target price on the stock. in a research report on Friday, August 2nd. Finally, Bank of America reduced their price objective on Amazon.com from $220.00 to $210.00 and set a “buy” rating for the company in a research report on Friday. August 2. One analyst has rated the stock with a hold rating, forty have given a buy rating and two have assigned a strong buy rating to the stock. The company currently has an average rating of “Buy” and a consensus price target of $222.49, based on data from MarketBeat.

Get the latest inventory analysis on Amazon.com

Insider trading on Amazon.com

In other Amazon.com news, CEO Douglas J. Herrington sold 3,500 shares of the business’s stock in a transaction on Monday, July 1st. The shares were sold at an average price of $195.99, for a total transaction of $685,965.00. Following the sale, the chief executive officer now owns 519,753 shares of the company’s stock, valued at $101,866,390.47. The transaction was disclosed in a legal filing with the SEC, which is accessible via this link. In other news, CFO Brian T. Olsavsky sold 14,600 shares of the company’s stock in a transaction dated Wednesday, August 21st. The shares were sold at an average price of $180.00, for a total transaction of $2,628,000.00. Following the completion of the transaction, the chief financial officer now owns 49,000 shares of the company’s stock, valued at $8,820,000. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available via this hyperlink. Also, CEO Douglas J. Herrington sold 3,500 shares of Amazon.com stock in a transaction on Monday, July 1st. The shares were sold at an average price of $195.99, for a total transaction of $685,965.00. Following the transaction, the chief executive officer now owns 519,753 shares in the company, valued at approximately $101,866,390.47. The disclosure for this sale can be found here. Insiders sold a total of 6,104,317 shares of company stock valued at $1,220,621,322 over the last quarter. Insiders own 10.80% of the company’s shares.

Amazon.com Stock Performance

Shares of NASDAQ:AMZN opened at $171.39 on Friday. The company’s 50-day simple moving average is $181.10, and its 200-day simple moving average is $181.29. The stock has a market cap of $1.78 trillion, a price-to-earnings ratio of 48.01, a price-to-earnings-growth ratio of 1.34 and a beta of 1.14. The company has a debt-to-equity ratio of 0.23, a current ratio of 1.10, and a quick ratio of 0.88. Amazon.com, Inc. has a 1 year low of $118.35 and a 1 year high of $201.20.

Amazon.com (NASDAQ:AMZN – Get Your Free Report ) last posted its earnings results on Thursday, August 1st. The e-commerce giant reported $1.23 EPS for the quarter, topping analysts’ consensus estimates of $1.05 by $0.18. The firm had revenue of $147.98 billion during the quarter, compared to analysts’ expectations of $148.63 billion. Amazon.com had a net margin of 7.35% and a return on equity of 21.39%. As a group, research analysts predict that Amazon.com, Inc. will post 4.86 EPS for the current fiscal year.

Amazon.com profile

(Free report)

Amazon.com, Inc engages in the retail sale of consumer products, advertising and subscription services through online and brick-and-mortar stores in North America and internationally. The company operates through three segments: North America, International and Amazon Web Services (AWS). It also makes 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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