Annex Advisory Services LLC Has $39.78 Million Stake in Amazon.com, Inc. (NASDAQ:AMZN)

Annex Advisory Services LLC increased its stake in shares of Amazon.com, Inc. (NASDAQ:AMZN) by 13.1% during the third quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 213,475 shares of the e-commerce giant’s stock after acquiring an additional 24,807 shares during the period. Amazon.com comprises about 1.3% of Annex Advisory Services LLC’s portfolio, making the stock its 14th largest position. Annex Advisory Services LLC’s holdings in Amazon.com were worth $39,777,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in the business. InTrack Investment Management Inc increased its stake in Amazon.com by 1.1% in the 3rd quarter. InTrack Investment Management Inc now owns 14,439 shares of the e-commerce giant’s stock valued at $2,690,000 after buying an additional 156 shares during the last quarter. Montis Financial LLC grew its position in shares of Amazon.com by 39.4% in the 3rd quarter. Montis Financial LLC now owns 7,651 shares of the e-commerce giant’s stock valued at $1,426,000 after acquiring an additional 2,162 shares during the period. HCR Wealth Advisors grew its position in shares of Amazon.com by 3.2% in the 3rd quarter. HCR Wealth Advisors now owns 51,334 shares of the e-commerce giant’s stock valued at $9,565,000 after acquiring an additional 1,611 shares during the period. Avondale Wealth Management grew its position in shares of Amazon.com by 4.0% in the 3rd quarter. Avondale Wealth Management now owns 7,840 shares of the e-commerce giant’s stock valued at $1,461,000 after acquiring an additional 300 shares during the period. Finally, Burns Matteson Capital Management LLC grew its position in shares of Amazon.com by 12.5% in the 3rd quarter. Burns Matteson Capital Management LLC now owns 15,196 shares of the e-commerce giant’s stock valued at $2,831,000 after acquiring an additional 1,693 shares during the period. 72.20% of the stock is currently owned by institutional investors and hedge funds.

Amazon.com Trading Down 0.9 %

Shares of NASDAQ AMZN opened at $208.18 on Friday. Amazon.com, Inc. has a 52-week low of $139.52 and a 52-week high of $212.25. The company has a debt-to-equity ratio of 0.21, a quick ratio of 0.87 and a current ratio of 1.09. The firm has a 50 day moving average price of $187.83 and a two-hundred day moving average price of $184.62. The stock has a market cap of $2.19 trillion, a P/E ratio of 44.58, a price-to-earnings-growth ratio of 1.40 and a beta of 1.14.

Amazon.com (NASDAQ:AMZN) last posted its quarterly earnings data on Thursday, October 31st. The e-commerce giant reported $1.43 earnings per share for the quarter, topping the consensus estimate of $1.14 by $0.29. Amazon.com had a net margin of 8.04% and a return on equity of 22.41%. The company had revenue of $158.88 billion during the quarter, compared to analysts’ expectations of $157.28 billion. During the same period in the prior year, the company posted $0.85 earnings per share. Amazon.com’s revenue for the quarter was up 11.0% compared to the same quarter last year. As a group, equities analysts forecast that Amazon.com, Inc. will post 5.24 EPS for the current year.

Wall Street Analysts Forecast Growth

A number of research analysts have recently commented on the stock. Jefferies Financial Group lifted their price objective on shares of Amazon.com from $225.00 to $235.00 and gave the company a “buy” rating in a research report on Friday, November 1st. JMP Securities lifted their price objective on shares of Amazon.com from $265.00 to $285.00 and gave the company a “market outperform” rating in a research report on Friday, November 1st. Wells Fargo & Company downgraded shares of Amazon.com from an “overweight” rating to an “equal weight” rating and decreased their price objective for the company from $225.00 to $183.00 in a research report on Monday, October 7th. BMO Capital Markets reiterated an “outperform” rating and issued a $236.00 price target (up previously from $230.00) on shares of Amazon.com in a research note on Friday, November 1st. Finally, JPMorgan Chase & Co. upped their price target on shares of Amazon.com from $230.00 to $250.00 and gave the company an “overweight” rating in a research note on Friday, November 1st. Two research analysts have rated the stock with a hold rating, forty have issued a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat, the company has an average rating of “Moderate Buy” and a consensus target price of $234.55.

Insider Transactions at Amazon.com

In other news, CEO Andrew R. Jassy sold 20,784 shares of the stock in a transaction on Wednesday, August 21st. The shares were sold at an average price of $180.77, for a total transaction of $3,757,123.68. Following the completion of the sale, the chief executive officer now directly owns 2,056,534 shares in the company, valued at $371,759,651.18. This represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. In other Amazon.com news, CEO Andrew R. Jassy sold 20,784 shares of the firm’s stock in a transaction on Wednesday, August 21st. The shares were sold at an average price of $180.77, for a total value of $3,757,123.68. Following the completion of the sale, the chief executive officer now directly owns 2,056,534 shares in the company, valued at approximately $371,759,651.18. This trade represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, SVP David Zapolsky sold 2,190 shares of the firm’s stock in a transaction on Tuesday, September 24th. The stock was sold at an average price of $195.00, for a total transaction of $427,050.00. Following the completion of the sale, the senior vice president now owns 62,420 shares of the company’s stock, valued at $12,171,900. The trade was a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 55,859 shares of company stock worth $10,215,097 over the last three months. 10.80% of the stock is owned by company insiders.

About Amazon.com

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.