Amazon.com, Inc. (NASDAQ:AMZN) is Sheaff Brock Investment Advisors LLC’s 6th Largest Position

Sheaff Brock Investment Advisors LLC decreased its position in shares of Amazon.com, Inc. (NASDAQ:AMZN) by 4.6% in the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 105,835 shares of the e-commerce giant’s stock after selling 5,136 shares during the period. Amazon.com accounts for approximately 1.7% of Sheaff Brock Investment Advisors LLC’s portfolio, making the stock its 6th biggest position. Sheaff Brock Investment Advisors LLC’s holdings in Amazon.com were worth $19,720,000 at the end of the most recent reporting period.

Several other large investors also recently added to or reduced their stakes in AMZN. RFG Holdings Inc. lifted its position in Amazon.com by 32.0% during the 2nd quarter. RFG Holdings Inc. now owns 5,984 shares of the e-commerce giant’s stock worth $1,156,000 after buying an additional 1,451 shares in the last quarter. Transform Wealth LLC boosted its position in shares of Amazon.com by 2.7% during the second quarter. Transform Wealth LLC now owns 134,995 shares of the e-commerce giant’s stock worth $26,088,000 after buying an additional 3,560 shares during the period. Dynamic Advisor Solutions LLC increased its stake in Amazon.com by 13.7% in the 2nd quarter. Dynamic Advisor Solutions LLC now owns 177,606 shares of the e-commerce giant’s stock valued at $34,322,000 after buying an additional 21,406 shares during the last quarter. Quantum Financial Advisors LLC increased its holdings in Amazon.com by 0.8% during the second quarter. Quantum Financial Advisors LLC now owns 10,482 shares of the e-commerce giant’s stock worth $2,026,000 after buying an additional 80 shares during the last quarter. Finally, Diligent Investors LLC boosted its position in Amazon.com by 4.2% during the second quarter. Diligent Investors LLC now owns 16,138 shares of the e-commerce giant’s stock worth $3,119,000 after purchasing an additional 650 shares during the period. 72.20% of the stock is owned by institutional investors.

Insider Transactions at Amazon.com

In related news, insider Jeffrey P. Bezos sold 2,996,362 shares of the stock in a transaction on Friday, November 8th. The stock was sold at an average price of $208.85, for a total value of $625,790,203.70. Following the completion of the sale, the insider now directly owns 917,416,976 shares in the company, valued at $191,602,535,437.60. This represents a 0.33 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, Director Daniel P. Huttenlocher sold 1,237 shares of Amazon.com stock in a transaction on Tuesday, November 19th. The shares were sold at an average price of $199.06, for a total transaction of $246,237.22. Following the completion of the sale, the director now directly owns 24,912 shares of the company’s stock, valued at approximately $4,958,982.72. This trade represents a 4.73 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 6,032,344 shares of company stock worth $1,253,456,822 in the last ninety days. Insiders own 10.80% of the company’s stock.

Amazon.com Stock Performance

Shares of NASDAQ:AMZN opened at $229.05 on Thursday. The firm has a market cap of $2.41 trillion, a PE ratio of 49.05, a price-to-earnings-growth ratio of 1.54 and a beta of 1.16. 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 business has a fifty day moving average of $207.40 and a 200-day moving average of $192.05. Amazon.com, Inc. has a twelve month low of $144.05 and a twelve month high of $233.00.

Amazon.com (NASDAQ:AMZN) last posted its earnings results 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. The firm had revenue of $158.88 billion for the quarter, compared to analyst estimates of $157.28 billion. Amazon.com had a return on equity of 22.41% and a net margin of 8.04%. The company’s revenue for the quarter was up 11.0% on a year-over-year basis. During the same period in the previous year, the company posted $0.85 earnings per share. On average, equities research analysts predict that Amazon.com, Inc. will post 5.29 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

A number of research analysts recently issued reports on AMZN shares. Evercore ISI lifted their price objective on shares of Amazon.com from $240.00 to $260.00 and gave the company an “outperform” rating in a research note on Friday, November 1st. Wells Fargo & Company restated an “equal weight” rating and set a $197.00 price target on shares of Amazon.com in a report on Wednesday, November 20th. Redburn Atlantic 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 note on Tuesday, November 26th. Cantor Fitzgerald reiterated an “overweight” rating and set a $230.00 price objective on shares of Amazon.com in a report on Monday, October 7th. Finally, The Goldman Sachs Group increased their price target on Amazon.com from $230.00 to $240.00 and gave the company a “buy” rating in a research report on Friday, November 1st. Two research analysts have rated the stock with a hold rating, forty-one have assigned a buy rating and one has issued a strong buy rating to the company’s stock. According to data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $243.00.

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.