Financial Management Network Inc. holds $5.36 million on Amazon.com, Inc. (NASDAQ:AMZN)


Financial Management Network Inc. strengthened its position in Amazon.com, Inc. (NASDAQ: AMZN) by 10.8% in the 1st quarter, HoldingsChannel.com reports. The company held 1,592 shares of the e-commerce giant after buying an additional 155 shares during the quarter. Amazon.com accounts for approximately 2.7% of Financial Management Network Inc.’s holdings, making it its 8th largest holding. Financial Management Network Inc.’s holdings in Amazon.com were worth $5,360,000 when it last filed with the Securities and Exchange Commission (SEC).

A number of other institutional investors have also recently changed their positions in AMZN. Stuart Chaussee & Associates Inc. bought a new stock position in Amazon.com during Q4, valued at around $27,000. Econ Financial Services Corp bought a new position in Amazon.com during the 4th quarter for a value of approximately $33,000. Gibson Wealth Advisors LLC bought a new position in Amazon.com stock in the fourth quarter for about $33,000. Leverty Financial Group LLC bought a new stock position in Amazon.com in the fourth quarter worth $36,000. Finally, MBM Wealth Consultants LLC increased its stake in Amazon.com by 57.1% during the 4th quarter. MBM Wealth Consultants LLC now owns 11 shares of the e-commerce giant valued at $37,000 after buying 4 additional shares in the last quarter. Institutional investors and hedge funds hold 72.51% of the company’s shares.

AMZN Stock opened at $109.22 on Wednesday. The company has a market capitalization of $1.11 trillion, a price/earnings ratio of 52.73, a P/E/G ratio of 3.69 and a beta of 1.25. The company has a debt ratio of 0.35, a quick ratio of 0.71 and a current ratio of 0.96. The company’s 50-day moving average is $112.09 and its two-hundred-day moving average is $139.38. Amazon.com, Inc. has a fifty-two week low of $101.26 and a fifty-two week high of $188.65.

Amazon.com (NASDAQ: AMZNGet a rating) last released its quarterly earnings data on Thursday, April 28. The e-commerce giant reported earnings per share of $0.21 for the quarter, missing the consensus estimate of $0.44 per ($0.23). The company posted revenue of $116.44 billion in the quarter, versus a consensus estimate of $116.52 billion. Amazon.com had a return on equity of 21.60% and a net margin of 4.48%. Amazon.com’s revenue for the quarter increased 7.3% year over year. In the same quarter last year, the company achieved EPS of $0.79. Stock analysts predict Amazon.com, Inc. will post 1.17 earnings per share for the current year.

Several equity analysts have recently commented on AMZN shares. Jefferies Financial Group lowered its price target on Amazon.com shares from $185.00 to $162.50 in a Tuesday, May 31 research note. BMO Capital Markets lowered its price target on Amazon.com from $182.50 to $172.50 in a Friday, April 29 report. Credit Suisse Group reduced its target price on Amazon.com from $205.00 to $185.00 in a Friday, April 29 research note. TheStreet upgraded Amazon.com’s shares from a “b” rating to a “c+” rating in a Thursday, April 28 report. Finally, Monness Crespi & Hardt cut its price target on Amazon.com shares from $225.00 to $185.00 and set a “buy” rating for the company in a Friday, April 29 report. . Three analysts rated the stock with a sell rating, one gave the stock a hold rating and thirty-seven gave the stock a buy rating. According to data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average target price of $185.45.

In related news, CEO Andrew R. Jassy sold 1,181 shares of Amazon.com in a trade on Monday, May 16. The stock was sold at an average price of $2,262.00, for a total transaction of $2,671,422.00. As a result of the transaction, the CEO now directly owns 92,781 shares of the company, valued at $209,870,622. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available via the SEC website. Also, Vice President Shelley Reynolds sold 173 shares of the company in a transaction dated Monday, May 23. The stock was sold at an average price of $2,169.22, for a total value of $375,275.06. Following the completion of the sale, the vice president now owns 5,989 shares of the company, valued at approximately $12,991,458.58. Disclosure of this sale can be found here. Insiders sold a total of 4,803 shares of the company worth $10,528,337 during the last quarter. Company insiders own 12.70% of the company’s shares.

About Amazon.com (Get a rating)

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.

Further reading

Want to see what other hedge funds hold AMZN? Visit HoldingsChannel.com to get the latest 13F filings and insider transactions for Amazon.com, Inc. (NASDAQ: AMZNGet a rating).

Institutional ownership by quarter for Amazon.com (NASDAQ:AMZN)



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