Financial Advisory Group Sells 240 Shares of Amazon.com, Inc. (NASDAQ:AMZN)

Financial Advisory Group decreased its position in Amazon.com, Inc. (NASDAQ:AMZNFree Report) by 2.0% during the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 11,570 shares of the e-commerce giant’s stock after selling 240 shares during the quarter. Financial Advisory Group’s holdings in Amazon.com were worth $1,471,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other large investors have also added to or reduced their stakes in AMZN. Fiduciary Planning LLC lifted its position in Amazon.com by 1.5% during the first quarter. Fiduciary Planning LLC now owns 349 shares of the e-commerce giant’s stock worth $1,138,000 after buying an additional 5 shares in the last quarter. HBC Financial Services PLLC increased its stake in Amazon.com by 0.8% during the first quarter. HBC Financial Services PLLC now owns 616 shares of the e-commerce giant’s stock worth $1,717,000 after acquiring an additional 5 shares during the last quarter. Meridian Investment Counsel Inc. increased its stake in Amazon.com by 3.4% during the first quarter. Meridian Investment Counsel Inc. now owns 151 shares of the e-commerce giant’s stock worth $492,000 after acquiring an additional 5 shares during the last quarter. Alterna Wealth Management Inc. increased its stake in Amazon.com by 1.8% during the first quarter. Alterna Wealth Management Inc. now owns 289 shares of the e-commerce giant’s stock worth $942,000 after acquiring an additional 5 shares during the last quarter. Finally, Archetype Wealth Partners increased its stake in Amazon.com by 3.7% during the first quarter. Archetype Wealth Partners now owns 169 shares of the e-commerce giant’s stock worth $552,000 after acquiring an additional 6 shares during the last quarter. Institutional investors own 57.96% of the company’s stock.

Insiders Place Their Bets

In other Amazon.com news, CEO Adam Selipsky sold 500 shares of the stock in a transaction on Thursday, December 21st. The stock was sold at an average price of $153.20, for a total transaction of $76,600.00. Following the transaction, the chief executive officer now owns 119,560 shares of the company’s stock, valued at approximately $18,316,592. The sale was disclosed in a filing with the SEC, which is available at the SEC website. In other Amazon.com news, insider Jeffrey P. Bezos sold 5,998,849 shares of the stock in a transaction on Wednesday, February 7th. The stock was sold at an average price of $170.16, for a total transaction of $1,020,764,145.84. Following the transaction, the insider now owns 982,252,968 shares of the company’s stock, valued at approximately $167,140,165,034.88. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Also, CEO Adam Selipsky sold 500 shares of the stock in a transaction on Thursday, December 21st. The stock was sold at an average price of $153.20, for a total value of $76,600.00. Following the transaction, the chief executive officer now directly owns 119,560 shares in the company, valued at approximately $18,316,592. The disclosure for this sale can be found here. Insiders have sold a total of 32,210,510 shares of company stock valued at $5,505,209,706 in the last quarter. 12.30% of the stock is currently owned by company insiders.

Wall Street Analyst Weigh In

Several equities research analysts have issued reports on the company. Royal Bank of Canada raised their target price on Amazon.com from $180.00 to $215.00 and gave the stock an “outperform” rating in a research note on Friday, February 2nd. Telsey Advisory Group lifted their price objective on Amazon.com from $185.00 to $200.00 and gave the company an “outperform” rating in a research note on Friday, February 2nd. Oppenheimer lifted their price objective on Amazon.com from $200.00 to $210.00 and gave the company an “outperform” rating in a research note on Friday, February 2nd. JPMorgan Chase & Co. lifted their price objective on Amazon.com from $190.00 to $225.00 and gave the company an “overweight” rating in a research note on Friday, February 2nd. Finally, Mizuho lifted their price objective on Amazon.com from $220.00 to $230.00 and gave the company a “buy” rating in a research note on Friday, February 2nd. One equities research analyst has rated the stock with a hold rating, forty-three have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. Based on data from MarketBeat.com, Amazon.com presently has a consensus rating of “Buy” and a consensus target price of $197.95.

View Our Latest Report on Amazon.com

Amazon.com Price Performance

AMZN stock opened at $174.42 on Friday. Amazon.com, Inc. has a 1 year low of $95.61 and a 1 year high of $180.14. The company has a debt-to-equity ratio of 0.29, a quick ratio of 0.84 and a current ratio of 1.05. The stock’s 50 day moving average price is $166.29 and its 200 day moving average price is $148.99. The firm has a market cap of $1.81 trillion, a P/E ratio of 60.14, a PEG ratio of 1.54 and a beta of 1.17.

Amazon.com (NASDAQ:AMZNGet Free Report) last posted its earnings results on Thursday, February 1st. The e-commerce giant reported $1.00 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.81 by $0.19. Amazon.com had a return on equity of 16.61% and a net margin of 5.29%. The firm had revenue of $169.96 billion for the quarter, compared to analyst estimates of $165.96 billion. During the same quarter in the prior year, the company earned $0.21 EPS. Amazon.com’s revenue was up 13.9% on a year-over-year basis. On average, sell-side analysts expect that Amazon.com, Inc. will post 4.08 earnings per share for the current fiscal year.

Amazon.com Profile

(Free Report)

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.

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Institutional Ownership by Quarter for Amazon.com (NASDAQ:AMZN)

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