HCR Wealth Advisors Grows Stock Position in Amazon.com, Inc. (NASDAQ:AMZN)

HCR Wealth Advisors increased its position in shares of Amazon.com, Inc. (NASDAQ:AMZN) by 3.2% during the 3rd quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 51,334 shares of the e-commerce giant’s stock after buying an additional 1,611 shares during the quarter. Amazon.com comprises approximately 1.3% of HCR Wealth Advisors’ portfolio, making the stock its 14th largest position. HCR Wealth Advisors’ holdings in Amazon.com were worth $9,565,000 at the end of the most recent quarter.

Several other institutional investors have also recently made changes to their positions in the company. Avondale Wealth Management increased its holdings in Amazon.com by 4.0% in the 3rd quarter. Avondale Wealth Management now owns 7,840 shares of the e-commerce giant’s stock valued at $1,461,000 after purchasing an additional 300 shares during the last quarter. Burns Matteson Capital Management LLC increased its holdings in Amazon.com by 12.5% in the 3rd quarter. Burns Matteson Capital Management LLC now owns 15,196 shares of the e-commerce giant’s stock valued at $2,831,000 after purchasing an additional 1,693 shares during the last quarter. Code Waechter LLC acquired a new stake in Amazon.com in the 3rd quarter valued at approximately $749,000. McNamara Financial Services Inc. increased its holdings in Amazon.com by 28.9% in the 3rd quarter. McNamara Financial Services Inc. now owns 2,764 shares of the e-commerce giant’s stock valued at $515,000 after purchasing an additional 620 shares during the last quarter. Finally, Pinnacle Wealth Management Group Inc. increased its holdings in Amazon.com by 4.6% in the 3rd quarter. Pinnacle Wealth Management Group Inc. now owns 6,761 shares of the e-commerce giant’s stock valued at $1,260,000 after purchasing an additional 300 shares during the last quarter. Hedge funds and other institutional investors own 72.20% of the company’s stock.

Wall Street Analysts Forecast Growth

Several analysts recently weighed in on AMZN shares. Bank of America lifted their target price on shares of Amazon.com from $210.00 to $230.00 and gave the company a “buy” rating in a report on Friday, November 1st. Itau BBA Securities downgraded shares of Amazon.com from an “outperform” rating to a “market perform” rating and set a $186.00 target price for the company. in a report on Friday, August 2nd. BMO Capital Markets restated an “outperform” rating and issued a $236.00 price target (up previously from $230.00) on shares of Amazon.com in a research note on Friday, November 1st. JPMorgan Chase & Co. boosted their price target on shares of Amazon.com from $230.00 to $250.00 and gave the stock an “overweight” rating in a research note on Friday, November 1st. Finally, Stifel Nicolaus boosted their price target on shares of Amazon.com from $224.00 to $245.00 and gave the stock a “buy” rating in a research note on Friday, November 1st. Two equities research analysts have rated the stock with a hold rating, forty have assigned a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat.com, Amazon.com currently has a consensus rating of “Moderate Buy” and an average price target of $234.55.

Amazon.com Stock Performance

Shares of AMZN opened at $208.18 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 company has a market capitalization of $2.19 trillion, a price-to-earnings ratio of 44.58, a PEG ratio of 1.40 and a beta of 1.14. The company’s 50 day simple moving average is $187.83 and its 200 day simple moving average is $184.62. Amazon.com, Inc. has a 1 year low of $139.52 and a 1 year high of $212.25.

Amazon.com (NASDAQ:AMZN) last posted its quarterly 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 company 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%. Amazon.com’s revenue was up 11.0% on a year-over-year basis. During the same quarter last year, the firm posted $0.85 earnings per share. On average, sell-side analysts predict that Amazon.com, Inc. will post 5.24 EPS for the current year.

Insider Activity

In other news, CFO Brian T. Olsavsky sold 14,600 shares of the firm’s stock in a transaction on Wednesday, August 21st. The shares were sold at an average price of $180.00, for a total value of $2,628,000.00. Following the transaction, the chief financial officer now owns 49,000 shares of the company’s stock, valued at approximately $8,820,000. This trade represents a 0.00 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available at this link. In related news, Director Jonathan Rubinstein sold 5,004 shares of the firm’s stock in a transaction on Friday, November 1st. The shares were sold at an average price of $199.85, for a total transaction of $1,000,049.40. Following the completion of the sale, the director now directly owns 99,396 shares of the company’s stock, valued at approximately $19,864,290.60. This trade represents a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, CFO Brian T. Olsavsky sold 14,600 shares of the firm’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 directly owns 49,000 shares of the company’s stock, valued at approximately $8,820,000. The trade was a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 55,859 shares of company stock valued at $10,215,097. Company 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.