Amazon.com, Inc. (NASDAQ:AMZN) is Investment Research & Advisory Group Inc.’s 5th Largest Position

Investment Research & Advisory Group Inc. increased its holdings in Amazon.com, Inc. (NASDAQ:AMZN) by 0.7% in the third quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 42,055 shares of the e-commerce giant’s stock after purchasing an additional 304 shares during the period. Amazon.com makes up about 3.3% of Investment Research & Advisory Group Inc.’s holdings, making the stock its 5th biggest holding. Investment Research & Advisory Group Inc.’s holdings in Amazon.com were worth $7,836,000 at the end of the most recent quarter.

A number of other institutional investors also recently made changes to their positions in the business. DT Investment Partners LLC boosted its position in Amazon.com by 3.9% during the 3rd quarter. DT Investment Partners LLC now owns 24,703 shares of the e-commerce giant’s stock valued at $4,603,000 after buying an additional 933 shares during the period. Global Trust Asset Management LLC boosted its position in Amazon.com by 22.0% during the 3rd quarter. Global Trust Asset Management LLC now owns 19,198 shares of the e-commerce giant’s stock valued at $3,577,000 after buying an additional 3,456 shares during the period. Mcdaniel Terry & Co. boosted its position in Amazon.com by 0.7% during the 3rd quarter. Mcdaniel Terry & Co. now owns 123,529 shares of the e-commerce giant’s stock valued at $23,017,000 after buying an additional 825 shares during the period. Assenagon Asset Management S.A. boosted its position in Amazon.com by 9.6% during the 3rd quarter. Assenagon Asset Management S.A. now owns 14,353,821 shares of the e-commerce giant’s stock valued at $2,674,547,000 after buying an additional 1,251,698 shares during the period. Finally, BOCHK Asset Management Ltd boosted its position in Amazon.com by 44.6% during the 3rd quarter. BOCHK Asset Management Ltd now owns 84,041 shares of the e-commerce giant’s stock valued at $15,659,000 after buying an additional 25,941 shares during the period. Hedge funds and other institutional investors own 72.20% of the company’s stock.

Amazon.com Stock Performance

Shares of NASDAQ AMZN opened at $205.74 on Thursday. The firm’s 50-day moving average price is $194.14 and its 200-day moving average price is $186.66. The company has a quick ratio of 0.87, a current ratio of 1.09 and a debt-to-equity ratio of 0.21. The company has a market cap of $2.16 trillion, a PE ratio of 44.06, a PEG ratio of 1.35 and a beta of 1.14. Amazon.com, Inc. has a 52-week low of $142.81 and a 52-week high of $215.90.

Amazon.com (NASDAQ:AMZN) last announced its quarterly 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 for the quarter, compared to the consensus estimate of $157.28 billion. Amazon.com had a net margin of 8.04% and a return on equity of 22.41%. The business’s quarterly revenue was up 11.0% compared to the same quarter last year. During the same quarter last year, the firm posted $0.85 EPS. As a group, analysts anticipate that Amazon.com, Inc. will post 5.29 EPS for the current year.

Analyst Upgrades and Downgrades

AMZN has been the subject of several analyst reports. Moffett Nathanson increased their price target on shares of Amazon.com from $235.00 to $248.00 and gave the company a “buy” rating in a research report on Tuesday. Wells Fargo & Company restated an “equal weight” rating and issued a $197.00 price objective on shares of Amazon.com in a report on Wednesday, November 20th. Scotiabank upped their price objective on shares of Amazon.com from $245.00 to $246.00 and gave the stock a “sector outperform” rating in a report on Friday, November 1st. Barclays upped their price objective on shares of Amazon.com from $220.00 to $235.00 and gave the stock an “overweight” rating in a report on Friday, August 2nd. Finally, Rosenblatt Securities upped their price objective on shares of Amazon.com from $221.00 to $236.00 and gave the stock a “buy” rating in a report on Friday, November 1st. Two equities research 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. According to MarketBeat, Amazon.com has an average rating of “Moderate Buy” and an average price target of $236.20.

Insider Activity

In related news, CEO Matthew S. Garman sold 15,260 shares of the firm’s stock in a transaction that occurred on Thursday, November 21st. The shares were sold at an average price of $200.19, for a total value of $3,054,899.40. Following the transaction, the chief executive officer now owns 349,261 shares of the company’s stock, valued at approximately $69,918,559.59. This trade represents a 4.19 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. Also, Director Daniel P. Huttenlocher sold 1,237 shares of the firm’s stock in a transaction that occurred on Tuesday, November 19th. The stock was sold at an average price of $199.06, for a total transaction of $246,237.22. Following the completion of the transaction, the director now directly owns 24,912 shares in the company, valued at approximately $4,958,982.72. The trade was a 4.73 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 6,026,683 shares of company stock valued at $1,252,148,795 in the last 90 days. 10.80% of the stock is currently owned by insiders.

Amazon.com Company 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.