Heritage Investment Group Inc. Has $852,000 Position in Amazon.com, Inc. (NASDAQ:AMZN)

Heritage Investment Group Inc. increased its holdings in shares of Amazon.com, Inc. (NASDAQ:AMZN) by 91.6% during the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 4,571 shares of the e-commerce giant’s stock after buying an additional 2,185 shares during the period. Heritage Investment Group Inc.’s holdings in Amazon.com were worth $852,000 at the end of the most recent quarter.

A number of other institutional investors have also recently added to or reduced their stakes in the business. RIA Advisory Group LLC acquired a new position in Amazon.com during the 3rd quarter worth about $2,219,000. Maxwell Wealth Strategies Inc. raised its position in shares of Amazon.com by 28.8% during the third quarter. Maxwell Wealth Strategies Inc. now owns 14,955 shares of the e-commerce giant’s stock worth $2,984,000 after acquiring an additional 3,346 shares during the last quarter. Natixis Advisors LLC lifted its stake in shares of Amazon.com by 5.7% in the third quarter. Natixis Advisors LLC now owns 7,651,713 shares of the e-commerce giant’s stock worth $1,425,744,000 after acquiring an additional 413,701 shares during the period. Northeast Financial Group Inc. boosted its holdings in Amazon.com by 11.7% in the third quarter. Northeast Financial Group Inc. now owns 14,331 shares of the e-commerce giant’s stock valued at $2,670,000 after acquiring an additional 1,504 shares during the last quarter. Finally, Koa Wealth Management LLC increased its position in Amazon.com by 5.9% during the 3rd quarter. Koa Wealth Management LLC now owns 18,061 shares of the e-commerce giant’s stock valued at $3,365,000 after purchasing an additional 1,009 shares during the period. 72.20% of the stock is owned by institutional investors.

Analyst Ratings Changes

AMZN has been the topic of a number of recent analyst reports. Benchmark boosted their price target on shares of Amazon.com from $200.00 to $215.00 and gave the stock a “buy” rating in a research report on Friday, November 1st. Deutsche Bank Aktiengesellschaft boosted their target price on shares of Amazon.com from $225.00 to $232.00 and gave the company a “buy” rating in a report on Friday, November 1st. Moffett Nathanson increased their price target on Amazon.com from $235.00 to $248.00 and gave the stock a “buy” rating in a report on Tuesday, November 26th. Susquehanna boosted their price objective on Amazon.com from $220.00 to $230.00 and gave the company a “positive” rating in a research note on Friday, November 1st. Finally, DA Davidson reaffirmed a “buy” rating and set a $235.00 target price on shares of Amazon.com in a research note on Thursday, October 10th. Two equities research analysts have rated the stock with a hold rating, forty-one have given a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average price target of $243.00.

Amazon.com Stock Down 0.9 %

Amazon.com stock opened at $227.05 on Friday. 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 cap of $2.39 trillion, a PE ratio of 48.62, a price-to-earnings-growth ratio of 1.54 and a beta of 1.16. Amazon.com, Inc. has a fifty-two week low of $144.05 and a fifty-two week high of $233.00. The firm’s 50-day simple moving average is $209.04 and its 200 day simple moving average is $192.55.

Amazon.com (NASDAQ:AMZN) last announced its earnings results on Thursday, October 31st. The e-commerce giant reported $1.43 earnings per share for the quarter, topping 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 return on equity of 22.41% and a net margin of 8.04%. The company’s revenue was up 11.0% compared to the same quarter last year. During the same quarter in the previous year, the business earned $0.85 EPS. Research analysts predict that Amazon.com, Inc. will post 5.29 EPS for the current fiscal year.

Insiders Place Their Bets

In other news, CEO Douglas J. Herrington sold 5,502 shares of the firm’s stock in a transaction that occurred on Friday, November 15th. The shares were sold at an average price of $205.81, for a total transaction of $1,132,366.62. Following the completion of the sale, the chief executive officer now owns 518,911 shares in the company, valued at $106,797,072.91. This trade represents a 1.05 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, insider Jeffrey P. Bezos sold 2,996,362 shares of the company’s stock in a transaction that occurred on Friday, November 8th. The shares were sold at an average price of $208.85, for a total value of $625,790,203.70. Following the completion of the transaction, the insider now owns 917,416,976 shares in the company, valued at approximately $191,602,535,437.60. The trade was a 0.33 % decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 6,032,344 shares of company stock valued at $1,253,456,822. Insiders own 10.80% of the company’s stock.

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.