Amazon.com, Inc. (NASDAQ:AMZN) Shares Bought by Stratos Wealth Advisors LLC

Stratos Wealth Advisors LLC lifted its stake in Amazon.com, Inc. (NASDAQ:AMZN) by 5.4% during the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 139,673 shares of the e-commerce giant’s stock after acquiring an additional 7,206 shares during the period. Amazon.com makes up 1.2% of Stratos Wealth Advisors LLC’s portfolio, making the stock its 10th largest holding. Stratos Wealth Advisors LLC’s holdings in Amazon.com were worth $26,025,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also bought and sold shares of the stock. PayPay Securities Corp increased its holdings in shares of Amazon.com by 64.6% during the 2nd quarter. PayPay Securities Corp now owns 163 shares of the e-commerce giant’s stock worth $32,000 after purchasing an additional 64 shares during the period. Hoese & Co LLP bought a new position in Amazon.com during the third quarter valued at about $37,000. Christopher J. Hasenberg Inc raised its holdings in Amazon.com by 650.0% in the 2nd quarter. Christopher J. Hasenberg Inc now owns 300 shares of the e-commerce giant’s stock valued at $58,000 after acquiring an additional 260 shares in the last quarter. Koesten Hirschmann & Crabtree INC. bought a new stake in shares of Amazon.com in the 1st quarter worth approximately $69,000. Finally, Innealta Capital LLC acquired a new stake in shares of Amazon.com during the 2nd quarter worth approximately $77,000. Institutional investors own 72.20% of the company’s stock.

Insider Activity

In other news, insider Jeffrey P. Bezos sold 2,996,362 shares of the business’s stock in a transaction on Monday, November 11th. The shares were sold at an average price of $206.75, for a total value of $619,497,843.50. Following the completion of the transaction, the insider now owns 914,420,614 shares of the company’s stock, valued at $189,056,461,944.50. The trade was a 0.33 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, CEO Andrew R. Jassy sold 20,784 shares of the firm’s stock in a transaction on Wednesday, August 21st. The stock was sold at an average price of $180.77, for a total value of $3,757,123.68. Following the sale, the chief executive officer now directly owns 2,056,534 shares in the company, valued at $371,759,651.18. The trade was a 1.00 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 6,053,349 shares of company stock valued at $1,256,503,289 in the last ninety days. 10.80% of the stock is owned by insiders.

Analyst Ratings Changes

A number of research analysts recently commented on AMZN shares. Wells Fargo & Company lowered Amazon.com from an “overweight” rating to an “equal weight” rating and cut their target price for the company from $225.00 to $183.00 in a research note on Monday, October 7th. Benchmark raised their price objective on shares of Amazon.com from $200.00 to $215.00 and gave the stock a “buy” rating in a report on Friday, November 1st. Piper Sandler upped their target price on shares of Amazon.com from $215.00 to $225.00 and gave the company an “overweight” rating in a research note on Friday, November 1st. Evercore ISI raised their price target on shares of Amazon.com from $240.00 to $260.00 and gave the stock an “outperform” rating in a research note on Friday, November 1st. Finally, Truist Financial lifted their price objective on Amazon.com from $265.00 to $270.00 and gave the company a “buy” rating in a report on Friday, November 1st. Two research analysts have rated the stock with a hold rating, forty have given a buy rating and one has issued a strong buy rating to the company. According to MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus price target of $235.45.

Amazon.com Stock Performance

Shares of Amazon.com stock opened at $201.70 on Tuesday. The firm has a fifty day moving average of $191.69 and a two-hundred day moving average of $185.93. 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 stock has a market capitalization of $2.12 trillion, a price-to-earnings ratio of 43.19, a PEG ratio of 1.36 and a beta of 1.14. Amazon.com, Inc. has a 52 week low of $141.50 and a 52 week high of $215.90.

Amazon.com (NASDAQ:AMZN) last released its quarterly earnings data on Thursday, October 31st. The e-commerce giant reported $1.43 EPS for the quarter, beating analysts’ consensus estimates 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 during the quarter, compared to the consensus estimate of $157.28 billion. During the same quarter in the prior year, the company posted $0.85 earnings per share. The firm’s revenue was up 11.0% on a year-over-year basis. As a group, equities research analysts predict that Amazon.com, Inc. will post 5.27 EPS for the current year.

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.