Amazon.com, Inc. (NASDAQ:AMZN) Stock Holdings Increased by Investment Advisory Group LLC

Investment Advisory Group LLC increased its holdings in Amazon.com, Inc. (NASDAQ:AMZN) by 1.0% during the second quarter, Holdings Channel reports. The firm owned 23,010 shares of the e-commerce giant’s stock after purchasing an additional 221 shares during the period. Amazon.com makes up 1.7% of Investment Advisory Group LLC’s portfolio, making the stock its 17th largest holding. Investment Advisory Group LLC’s holdings in Amazon.com were worth $4,447,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds and other institutional investors have also made changes to their positions in AMZN. Norges Bank bought a new stake in shares of Amazon.com in the 4th quarter worth approximately $17,700,551,000. Vanguard Group Inc. raised its holdings in shares of Amazon.com by 1.9% during the first quarter. Vanguard Group Inc. now owns 785,811,114 shares of the e-commerce giant’s stock valued at $141,744,609,000 after acquiring an additional 14,724,687 shares during the period. Swedbank AB acquired a new stake in shares of Amazon.com during the first quarter valued at approximately $2,239,757,000. Capital World Investors raised its holdings in shares of Amazon.com by 64.6% during the first quarter. Capital World Investors now owns 29,359,677 shares of the e-commerce giant’s stock valued at $5,295,899,000 after acquiring an additional 11,524,463 shares during the period. Finally, Capital Research Global Investors raised its holdings in shares of Amazon.com by 8.5% during the first quarter. Capital Research Global Investors now owns 86,982,857 shares of the e-commerce giant’s stock valued at $15,689,968,000 after acquiring an additional 6,810,145 shares during the period. 72.20% of the stock is currently owned by institutional investors.

Insider Transactions at Amazon.com

In other news, VP Shelley Reynolds sold 3,791 shares of the firm’s stock in a transaction dated Wednesday, August 21st. The shares were sold at an average price of $181.04, for a total transaction of $686,322.64. Following the completion of the transaction, the vice president now directly owns 121,461 shares of the company’s stock, valued at approximately $21,989,299.44. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. In related news, VP Shelley Reynolds sold 3,791 shares of Amazon.com stock in a transaction dated Wednesday, August 21st. The shares were sold at an average price of $181.04, for a total transaction of $686,322.64. Following the completion of the transaction, the vice president now directly owns 121,461 shares of the company’s stock, valued at approximately $21,989,299.44. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, SVP David Zapolsky sold 2,190 shares of Amazon.com stock in a transaction dated Tuesday, September 24th. The shares were sold at an average price of $195.00, for a total transaction of $427,050.00. Following the transaction, the senior vice president now directly owns 62,420 shares of the company’s stock, valued at $12,171,900. The disclosure for this sale can be found here. In the last three months, insiders sold 6,101,797 shares of company stock valued at $1,220,129,922. Company insiders own 10.80% of the company’s stock.

Analysts Set New Price Targets

A number of equities research analysts have recently issued reports on AMZN shares. Benchmark restated a “buy” rating and set a $200.00 price target on shares of Amazon.com in a report on Friday, August 2nd. Stifel Nicolaus cut their price target on shares of Amazon.com from $228.00 to $224.00 and set a “buy” rating on the stock in a report on Friday, August 2nd. Roth Mkm boosted their price target on shares of Amazon.com from $210.00 to $215.00 and gave the company a “buy” rating in a report on Friday, August 2nd. Piper Sandler dropped their price objective on shares of Amazon.com from $220.00 to $215.00 and set an “overweight” rating on the stock in a research note on Friday, August 2nd. Finally, Rosenblatt Securities upped their price objective on shares of Amazon.com from $220.00 to $221.00 and gave the company a “buy” rating in a research note on Friday, August 2nd. One analyst has rated the stock with a hold rating, forty-one have given a buy rating and one has issued a strong buy rating to the company’s stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Buy” and an average target price of $222.84.

Amazon.com Price Performance

NASDAQ:AMZN opened at $187.97 on Friday. The company has a 50-day moving average of $178.83 and a 200-day moving average of $182.48. The company has a market capitalization of $1.97 trillion, a price-to-earnings ratio of 52.65, a PEG ratio of 1.46 and a beta of 1.14. Amazon.com, Inc. has a 52 week low of $118.35 and a 52 week high of $201.20. The company has a debt-to-equity ratio of 0.23, a quick ratio of 0.88 and a current ratio of 1.10.

Amazon.com (NASDAQ:AMZN) last released its quarterly earnings data on Thursday, August 1st. The e-commerce giant reported $1.23 EPS for the quarter, topping analysts’ consensus estimates of $1.05 by $0.18. The company had revenue of $147.98 billion during the quarter, compared to the consensus estimate of $148.63 billion. Amazon.com had a net margin of 7.35% and a return on equity of 21.39%. As a group, equities research analysts anticipate that Amazon.com, Inc. will post 4.86 earnings per share for the current fiscal year.

Amazon.com 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.