Amazon.com, Inc. (NASDAQ:AMZN) Stock Position Raised by HF Advisory Group LLC

HF Advisory Group LLC increased its holdings in Amazon.com, Inc. (NASDAQ:AMZN) by 4.2% during the 3rd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 20,387 shares of the e-commerce giant’s stock after buying an additional 819 shares during the period. Amazon.com comprises about 1.8% of HF Advisory Group LLC’s holdings, making the stock its 8th largest position. HF Advisory Group LLC’s holdings in Amazon.com were worth $3,799,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also made changes to their positions in AMZN. Quent Capital LLC increased its position in Amazon.com by 3.3% during the 1st quarter. Quent Capital LLC now owns 33,729 shares of the e-commerce giant’s stock worth $6,084,000 after purchasing an additional 1,081 shares in the last quarter. Spear Holdings RSC Ltd purchased a new position in Amazon.com during the first quarter worth about $98,487,000. Cambridge Trust Co. lifted its position in Amazon.com by 1.9% during the first quarter. Cambridge Trust Co. now owns 377,354 shares of the e-commerce giant’s stock worth $68,067,000 after buying an additional 7,013 shares during the period. First Citizens Financial Corp purchased a new position in Amazon.com during the first quarter worth about $268,000. Finally, Maxwell Wealth Strategies Inc. lifted its position in Amazon.com by 207.9% during the first quarter. Maxwell Wealth Strategies Inc. now owns 11,551 shares of the e-commerce giant’s stock worth $2,071,000 after buying an additional 7,799 shares during the period. 72.20% of the stock is currently owned by hedge funds and other institutional investors.

Amazon.com Trading Down 0.7 %

Shares of NASDAQ:AMZN opened at $227.46 on Friday. The company’s 50-day moving average price is $201.65 and its 200 day moving average price is $189.67. The company has a market cap of $2.39 trillion, a PE ratio of 48.71, a P/E/G ratio of 1.54 and a beta of 1.16. The company has a quick ratio of 0.87, a current ratio of 1.09 and a debt-to-equity ratio of 0.21. Amazon.com, Inc. has a fifty-two week low of $144.05 and a fifty-two week high of $231.20.

Amazon.com (NASDAQ:AMZN) last announced its earnings results on Thursday, October 31st. The e-commerce giant reported $1.43 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.14 by $0.29. The firm had revenue of $158.88 billion during the quarter, compared to analyst estimates of $157.28 billion. Amazon.com had a net margin of 8.04% and a return on equity of 22.41%. Amazon.com’s revenue was up 11.0% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $0.85 EPS. Sell-side analysts anticipate that Amazon.com, Inc. will post 5.29 earnings per share for the current year.

Insider Activity at Amazon.com

In other Amazon.com news, Director Jonathan Rubinstein sold 4,351 shares of the business’s stock in a transaction dated Monday, December 9th. The stock was sold at an average price of $229.85, for a total transaction of $1,000,077.35. Following the sale, the director now owns 88,203 shares in the company, valued at approximately $20,273,459.55. The trade was a 4.70 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, SVP David Zapolsky sold 2,190 shares of the business’s stock in a transaction dated Tuesday, September 24th. The stock was sold at an average price of $195.00, for a total value of $427,050.00. Following the sale, the senior vice president now owns 62,420 shares in the company, valued at approximately $12,171,900. The trade was a 3.39 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 6,034,534 shares of company stock worth $1,253,883,872 in the last 90 days. Corporate insiders own 10.80% of the company’s stock.

Analyst Upgrades and Downgrades

Several research firms have recently weighed in on AMZN. Morgan Stanley lifted their price objective on Amazon.com from $210.00 to $230.00 and gave the company an “overweight” rating in a research note on Monday, November 4th. Royal Bank of Canada upped their target price on Amazon.com from $215.00 to $225.00 and gave the stock an “outperform” rating in a research report on Friday, November 1st. Bank of America upped their target price on Amazon.com from $210.00 to $230.00 and gave the stock a “buy” rating in a research report on Friday, November 1st. JPMorgan Chase & Co. upped their target price on Amazon.com from $230.00 to $250.00 and gave the stock an “overweight” rating in a research report on Friday, November 1st. Finally, Maxim Group lifted their target price on Amazon.com from $251.00 to $260.00 and gave the stock a “buy” rating in a research report on Friday, November 1st. Two analysts have rated the stock with a hold rating, forty-one have issued a buy rating and one has given a strong buy rating to the company’s stock. According to MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus target price of $238.87.

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.