Nations Financial Group Inc. IA ADV Has $16.06 Million Stock Holdings in Amazon.com, Inc. (NASDAQ:AMZN)

Nations Financial Group Inc. IA ADV grew its stake in shares of Amazon.com, Inc. (NASDAQ:AMZN) by 0.4% during the 2nd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 83,096 shares of the e-commerce giant’s stock after purchasing an additional 361 shares during the quarter. Amazon.com comprises about 1.3% of Nations Financial Group Inc. IA ADV’s portfolio, making the stock its 11th biggest holding. Nations Financial Group Inc. IA ADV’s holdings in Amazon.com were worth $16,058,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors and hedge funds also recently made changes to their positions in the stock. Vanguard Group Inc. increased its position in 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 worth $141,744,609,000 after buying an additional 14,724,687 shares during the last quarter. Norges Bank bought a new position in shares of Amazon.com during the 4th quarter worth approximately $17,700,551,000. Capital Research Global Investors increased its holdings in shares of Amazon.com by 8.5% during the 1st quarter. Capital Research Global Investors now owns 86,982,857 shares of the e-commerce giant’s stock worth $15,689,968,000 after acquiring an additional 6,810,145 shares during the last quarter. Bank of New York Mellon Corp increased its holdings in shares of Amazon.com by 0.4% during the 2nd quarter. Bank of New York Mellon Corp now owns 67,745,972 shares of the e-commerce giant’s stock worth $13,091,909,000 after acquiring an additional 289,532 shares during the last quarter. Finally, Jennison Associates LLC raised its stake in Amazon.com by 0.5% in the 1st quarter. Jennison Associates LLC now owns 56,666,183 shares of the e-commerce giant’s stock valued at $10,221,446,000 after acquiring an additional 295,132 shares during the period. Institutional investors own 72.20% of the company’s stock.

Insider Buying and Selling

In other Amazon.com news, CFO Brian T. Olsavsky sold 14,600 shares of the company’s stock in a transaction on Wednesday, August 21st. The shares were sold at an average price of $180.00, for a total transaction of $2,628,000.00. Following the sale, the chief financial officer now owns 49,000 shares of the company’s stock, valued at $8,820,000. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. In other news, VP Shelley Reynolds sold 3,791 shares of Amazon.com stock in a transaction on Wednesday, August 21st. The shares were sold at an average price of $181.04, for a total value of $686,322.64. Following the completion of the sale, the vice president now owns 121,461 shares in the company, valued at approximately $21,989,299.44. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CFO Brian T. Olsavsky sold 14,600 shares of the business’s stock in a transaction on Wednesday, August 21st. The shares were sold at an average price of $180.00, for a total transaction of $2,628,000.00. Following the transaction, the chief financial officer now owns 49,000 shares in the company, valued at approximately $8,820,000. The disclosure for this sale can be found here. Insiders sold 6,104,317 shares of company stock valued at $1,220,621,322 over the last quarter. Insiders own 10.80% of the company’s stock.

Amazon.com Price Performance

Shares of AMZN opened at $191.60 on Monday. The business has a 50-day simple moving average of $178.54 and a two-hundred day simple moving average of $182.10. Amazon.com, Inc. has a 12-month low of $118.35 and a 12-month high of $201.20. The stock has a market cap of $1.99 trillion, a PE ratio of 53.67, a PEG ratio of 1.39 and a beta of 1.14. The company has a quick ratio of 0.88, a current ratio of 1.10 and a debt-to-equity ratio of 0.23.

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

Analyst Ratings Changes

Several equities analysts have commented on the stock. Wells Fargo & Company decreased their price objective on shares of Amazon.com from $232.00 to $225.00 and set an “overweight” rating on the stock in a report on Monday, August 26th. Sanford C. Bernstein lifted their target price on shares of Amazon.com from $210.00 to $215.00 and gave the stock an “outperform” rating in a report on Monday, July 22nd. Roth Mkm increased 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. BMO Capital Markets restated an “outperform” rating and set a $230.00 price objective on shares of Amazon.com in a research report on Thursday. Finally, Wolfe Research assumed coverage on Amazon.com in a research report on Tuesday, July 16th. They issued an “outperform” rating and a $250.00 target price on the stock. One research analyst has rated the stock with a hold rating, forty have issued a buy rating and two have issued a strong buy rating to the company. According to MarketBeat, the company currently has an average rating of “Buy” and an average target price of $222.84.

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.