Investment Advisory Group LLC Buys 113 Shares of Amazon.com, Inc. (NASDAQ:AMZN)

Investment Advisory Group LLC increased its stake in shares of Amazon.com, Inc. (NASDAQ:AMZN) by 0.5% during the third quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 23,123 shares of the e-commerce giant’s stock after acquiring an additional 113 shares during the quarter. Amazon.com comprises approximately 1.5% of Investment Advisory Group LLC’s holdings, making the stock its 17th largest holding. Investment Advisory Group LLC’s holdings in Amazon.com were worth $4,309,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also bought and sold shares of AMZN. China Universal Asset Management Co. Ltd. increased its holdings in Amazon.com by 31.6% in the 1st quarter. China Universal Asset Management Co. Ltd. now owns 182,359 shares of the e-commerce giant’s stock valued at $32,894,000 after buying an additional 43,759 shares during the period. SWP Financial LLC bought a new stake in Amazon.com in the 1st quarter valued at $210,000. Geneva Partners LLC increased its holdings in Amazon.com by 24.1% in the 1st quarter. Geneva Partners LLC now owns 46,995 shares of the e-commerce giant’s stock valued at $8,477,000 after buying an additional 9,125 shares during the period. Concord Wealth Partners increased its holdings in Amazon.com by 27.6% in the 1st quarter. Concord Wealth Partners now owns 40,114 shares of the e-commerce giant’s stock valued at $7,236,000 after buying an additional 8,687 shares during the period. Finally, Summit Place Financial Advisors LLC boosted its stake in shares of Amazon.com by 2.9% in the 1st quarter. Summit Place Financial Advisors LLC now owns 16,472 shares of the e-commerce giant’s stock valued at $2,971,000 after purchasing an additional 465 shares in the last quarter. Institutional investors own 72.20% of the company’s stock.

Wall Street Analyst Weigh In

Several equities research analysts have recently commented on AMZN shares. DA Davidson restated a “buy” rating and issued a $235.00 target price on shares of Amazon.com in a research note on Thursday, October 10th. UBS Group upped their price target on shares of Amazon.com from $220.00 to $223.00 and gave the stock a “buy” rating in a research report on Monday, October 28th. Truist Financial upped their price target on shares of Amazon.com from $265.00 to $270.00 and gave the stock a “buy” rating in a research report on Friday, November 1st. Piper Sandler upped their price target on shares of Amazon.com from $215.00 to $225.00 and gave the stock an “overweight” rating in a research report on Friday, November 1st. Finally, Maxim Group upped their price target on shares of Amazon.com from $251.00 to $260.00 and gave the stock a “buy” rating in a research report on Friday, November 1st. Two investment analysts have rated the stock with a hold rating, forty have given a buy rating and one has assigned a strong buy rating to the company’s stock. According to data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $234.55.

Amazon.com Price Performance

NASDAQ AMZN opened at $214.10 on Thursday. Amazon.com, Inc. has a 52-week low of $139.52 and a 52-week high of $215.09. 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 business has a 50 day simple moving average of $189.05 and a 200 day simple moving average of $185.15. The stock has a market cap of $2.25 trillion, a price-to-earnings ratio of 45.85, a PEG ratio of 1.40 and a beta of 1.14.

Amazon.com (NASDAQ:AMZN) last released 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. Amazon.com had a return on equity of 22.41% and a net margin of 8.04%. The firm had revenue of $158.88 billion during the quarter, compared to the consensus estimate of $157.28 billion. During the same quarter in the prior year, the firm posted $0.85 EPS. The business’s revenue was up 11.0% on a year-over-year basis. Analysts anticipate that Amazon.com, Inc. will post 5.27 earnings per share for the current fiscal year.

Insiders Place Their Bets

In other Amazon.com news, insider Jeffrey P. Bezos sold 2,996,362 shares of the company’s stock in a transaction that occurred on Monday, November 11th. The stock was sold at an average price of $206.75, for a total transaction of $619,497,843.50. Following the completion of the transaction, the insider now owns 914,420,614 shares of the company’s stock, valued at $189,056,461,944.50. This represents a 0.00 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this link. In other news, VP Shelley Reynolds sold 3,791 shares of the stock in a transaction that occurred on Wednesday, August 21st. The stock was 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 of the company’s stock, valued at approximately $21,989,299.44. This represents a 0.00 % decrease in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, insider Jeffrey P. Bezos sold 2,996,362 shares of the stock in a transaction that occurred on Monday, November 11th. The shares were sold at an average price of $206.75, for a total value of $619,497,843.50. Following the completion of the sale, the insider now directly owns 914,420,614 shares of the company’s stock, valued at approximately $189,056,461,944.50. The trade was a 0.00 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 6,053,349 shares of company stock valued at $1,256,503,289 in the last quarter. 10.80% of the stock is currently owned by insiders.

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.