Cyr Financial Inc. Buys New Position in Amazon.com, Inc. (NASDAQ:AMZN)

Cyr Financial Inc. bought a new stake in shares of Amazon.com, Inc. (NASDAQ:AMZN - Free Report) in the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund bought 4,159 shares of the e-commerce giant's stock, valued at approximately $804,000. Amazon.com makes up about 0.8% of Cyr Financial Inc.'s holdings, making the stock its 14th biggest holding.

Several other hedge funds and other institutional investors have also recently modified their holdings of the stock. Collective Family Office LLC grew its holdings in shares of Amazon.com by 9.7% during the first quarter. Collective Family Office LLC now owns 9,278 shares of the e-commerce giant's stock worth $1,674,000 after purchasing an additional 819 shares in the last quarter. Members Trust Co increased its holdings in shares of Amazon.com by 8.9% in the 4th quarter. Members Trust Co now owns 4,157 shares of the e-commerce giant's stock worth $638,000 after buying an additional 341 shares during the last quarter. Phillips Wealth Planners LLC raised its position in shares of Amazon.com by 9.2% during the 1st quarter. Phillips Wealth Planners LLC now owns 2,655 shares of the e-commerce giant's stock valued at $487,000 after buying an additional 224 shares in the last quarter. LifePlan Financial LLC purchased a new stake in shares of Amazon.com during the 4th quarter valued at $1,276,000. Finally, Legacy CG LLC lifted its holdings in shares of Amazon.com by 8.2% during the 4th quarter. Legacy CG LLC now owns 55,645 shares of the e-commerce giant's stock worth $8,455,000 after acquiring an additional 4,217 shares during the last quarter. 72.20% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

A number of research firms have weighed in on AMZN. Loop Capital raised their price target on Amazon.com from $215.00 to $225.00 and gave the company a "buy" rating in a research report on Monday, May 6th. UBS Group upped their target price on Amazon.com from $217.00 to $224.00 and gave the stock a "buy" rating in a research note on Tuesday, July 30th. TD Securities increased their price target on shares of Amazon.com from $225.00 to $245.00 in a research report on Wednesday, July 10th. Jefferies Financial Group lowered their price objective on shares of Amazon.com from $235.00 to $225.00 and set a "buy" rating for the company in a report on Friday, August 2nd. Finally, Tigress Financial boosted their price target on shares of Amazon.com from $210.00 to $245.00 and gave the stock a "buy" rating in a research note on Thursday, May 30th. One equities research analyst has rated the stock with a hold rating, forty have issued a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat.com, the stock has a consensus rating of "Buy" and an average target price of $221.69.

Amazon.com Stock Up 0.7 %

Shares of Amazon.com stock traded up $1.23 during midday trading on Wednesday, hitting $180.11. The company had a trading volume of 35,018,215 shares, compared to its average volume of 43,169,883. Amazon.com, Inc. has a 52-week low of $118.35 and a 52-week high of $201.20. The company has a debt-to-equity ratio of 0.27, a quick ratio of 0.87 and a current ratio of 1.07. The stock has a market capitalization of $1.87 trillion, a P/E ratio of 50.45, a P/E/G ratio of 1.32 and a beta of 1.15. The company has a 50 day moving average of $184.07 and a 200 day moving average of $180.88.

Insiders Place Their Bets

In other news, CEO Douglas J. Herrington sold 3,500 shares of the firm's stock in a transaction on Thursday, August 1st. The stock was sold at an average price of $189.25, for a total transaction of $662,375.00. Following the completion of the transaction, the chief executive officer now directly owns 503,753 shares in the company, valued at $95,335,255.25. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. In related news, SVP David Zapolsky sold 4,710 shares of the business's stock in a transaction that occurred on Thursday, June 27th. The shares were sold at an average price of $195.00, for a total value of $918,450.00. Following the completion of the transaction, the senior vice president now directly owns 59,500 shares in the company, valued at approximately $11,602,500. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, CEO Douglas J. Herrington sold 3,500 shares of the stock in a transaction on Thursday, August 1st. The shares were sold at an average price of $189.25, for a total value of $662,375.00. Following the sale, the chief executive officer now owns 503,753 shares in the company, valued at $95,335,255.25. The disclosure for this sale can be found here. Over the last three months, insiders have sold 6,059,152 shares of company stock valued at $1,212,453,840. 10.80% of the stock is currently owned by corporate insiders.

Amazon.com Profile

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.