Investment Advisory Group LLC Has $4.31 Million Stock Holdings in Amazon.com, Inc. (NASDAQ:AMZN)

Investment Advisory Group LLC raised its holdings in shares of Amazon.com, Inc. (NASDAQ:AMZN) by 0.5% in the 3rd quarter, HoldingsChannel reports. The firm owned 23,123 shares of the e-commerce giant’s stock after buying an additional 113 shares during the period. Amazon.com makes up approximately 1.5% of Investment Advisory Group LLC’s holdings, making the stock its 17th largest holding. Investment Advisory Group LLC’s holdings in Amazon.com were worth $4,309,000 at the end of the most recent reporting period.

Several other hedge funds have also added to or reduced their stakes in AMZN. China Universal Asset Management Co. Ltd. increased its position in Amazon.com by 31.6% during the 1st quarter. China Universal Asset Management Co. Ltd. now owns 182,359 shares of the e-commerce giant’s stock worth $32,894,000 after buying an additional 43,759 shares during the period. SWP Financial LLC bought a new position in Amazon.com during the 1st quarter worth $210,000. Geneva Partners LLC increased its position in Amazon.com by 24.1% during the 1st quarter. Geneva Partners LLC now owns 46,995 shares of the e-commerce giant’s stock worth $8,477,000 after buying an additional 9,125 shares during the period. Concord Wealth Partners increased its position in Amazon.com by 27.6% during the 1st quarter. Concord Wealth Partners now owns 40,114 shares of the e-commerce giant’s stock worth $7,236,000 after buying an additional 8,687 shares during the period. Finally, Summit Place Financial Advisors LLC increased its position in shares of Amazon.com by 2.9% in the first quarter. Summit Place Financial Advisors LLC now owns 16,472 shares of the e-commerce giant’s stock worth $2,971,000 after purchasing an additional 465 shares during the period. Institutional investors and hedge funds own 72.20% of the company’s stock.

Amazon.com Trading Up 2.5 %

Shares of Amazon.com stock opened at $214.10 on Thursday. The stock has a fifty day simple moving average of $189.05 and a 200 day simple moving average of $185.15. Amazon.com, Inc. has a 12-month low of $139.52 and a 12-month high of $215.09. The company has a market capitalization of $2.25 trillion, a P/E ratio of 45.85, a price-to-earnings-growth ratio of 1.40 and a beta of 1.14. The company has a current ratio of 1.09, a quick ratio of 0.87 and a debt-to-equity ratio of 0.21.

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 return on equity of 22.41% and a net margin of 8.04%. The business had revenue of $158.88 billion for the quarter, compared to analysts’ expectations of $157.28 billion. During the same quarter in the previous year, the firm earned $0.85 earnings per share. The business’s revenue was up 11.0% on a year-over-year basis. On average, sell-side analysts anticipate that Amazon.com, Inc. will post 5.27 earnings per share for the current fiscal year.

Insiders Place Their Bets

In other Amazon.com news, VP Shelley Reynolds sold 3,791 shares of the business’s stock in a transaction on Wednesday, August 21st. The stock was sold at an average price of $181.04, for a total value of $686,322.64. Following the transaction, the vice president now owns 121,461 shares of the company’s stock, valued at approximately $21,989,299.44. The trade was a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. In other news, CEO Andrew R. Jassy sold 20,784 shares of the company’s stock in a transaction on Wednesday, August 21st. The stock was sold at an average price of $180.77, for a total transaction of $3,757,123.68. Following the transaction, the chief executive officer now owns 2,056,534 shares of the company’s stock, valued at $371,759,651.18. This represents a 0.00 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, VP Shelley Reynolds sold 3,791 shares of the company’s stock in a transaction on Wednesday, August 21st. The shares were sold at an average price of $181.04, for a total value of $686,322.64. Following the transaction, the vice president now directly owns 121,461 shares in the company, valued at $21,989,299.44. This represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 6,053,349 shares of company stock valued at $1,256,503,289. Insiders own 10.80% of the company’s stock.

Wall Street Analyst Weigh In

A number of research analysts recently commented on the company. Needham & Company LLC restated a “buy” rating and issued a $210.00 price target on shares of Amazon.com in a research report on Friday, November 1st. Robert W. Baird raised their price target on Amazon.com from $213.00 to $220.00 and gave the stock an “outperform” rating in a research report on Friday, November 1st. Wedbush raised their price target on Amazon.com from $225.00 to $250.00 and gave the stock an “outperform” rating in a research report on Friday, November 1st. Scotiabank raised their price target on Amazon.com from $245.00 to $246.00 and gave the stock a “sector outperform” rating in a research report on Friday, November 1st. Finally, Susquehanna raised their price objective on Amazon.com from $220.00 to $230.00 and gave the company a “positive” rating in a research note on Friday, November 1st. Two analysts have rated the stock with a hold rating, forty have given a buy rating and one has assigned a strong buy rating to the company’s stock. According to MarketBeat.com, Amazon.com currently has an average rating of “Moderate Buy” and a consensus target price of $234.55.

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.