Amazon.com, Inc. (NASDAQ:AMZN) Shares Acquired by Stratos Wealth Advisors LLC

Stratos Wealth Advisors LLC boosted its stake in Amazon.com, Inc. (NASDAQ:AMZN) by 5.4% during the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 139,673 shares of the e-commerce giant’s stock after buying an additional 7,206 shares during the period. Amazon.com accounts for approximately 1.2% of Stratos Wealth Advisors LLC’s investment portfolio, making the stock its 10th largest holding. Stratos Wealth Advisors LLC’s holdings in Amazon.com were worth $26,025,000 at the end of the most recent reporting period.

A number of other hedge funds also recently added to or reduced their stakes in the stock. Stratos Wealth Partners LTD. increased its stake in shares of Amazon.com by 8.5% in the third quarter. Stratos Wealth Partners LTD. now owns 587,908 shares of the e-commerce giant’s stock valued at $109,545,000 after purchasing an additional 46,057 shares during the period. Pachira Investments Inc. grew its holdings in Amazon.com by 26.4% in the 3rd quarter. Pachira Investments Inc. now owns 7,123 shares of the e-commerce giant’s stock worth $1,327,000 after buying an additional 1,489 shares in the last quarter. Inspire Advisors LLC increased its position in Amazon.com by 23.3% in the 3rd quarter. Inspire Advisors LLC now owns 2,378 shares of the e-commerce giant’s stock valued at $443,000 after acquiring an additional 449 shares during the period. Intergy Private Wealth LLC raised its stake in Amazon.com by 17.5% during the 3rd quarter. Intergy Private Wealth LLC now owns 2,768 shares of the e-commerce giant’s stock valued at $516,000 after acquiring an additional 413 shares in the last quarter. Finally, Trust Point Inc. boosted its position in Amazon.com by 0.5% during the 3rd quarter. Trust Point Inc. now owns 46,092 shares of the e-commerce giant’s stock worth $8,588,000 after acquiring an additional 233 shares during the period. 72.20% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

A number of equities research analysts recently weighed in on AMZN shares. Loop Capital lifted their price objective on shares of Amazon.com from $225.00 to $275.00 and gave the company a “buy” rating in a research note on Wednesday, November 6th. Wedbush boosted their price target on shares of Amazon.com from $225.00 to $250.00 and gave the stock an “outperform” rating in a research report on Friday, November 1st. Maxim Group increased their price objective on shares of Amazon.com from $251.00 to $260.00 and gave the company a “buy” rating in a report on Friday, November 1st. Oppenheimer raised their price objective on shares of Amazon.com from $220.00 to $230.00 and gave the company an “outperform” rating in a research note on Friday, November 1st. Finally, JMP Securities upped their target price on Amazon.com from $265.00 to $285.00 and gave the stock a “market outperform” rating in a research report on Friday, November 1st. Two research analysts have rated the stock with a hold rating, forty have assigned a buy rating and one has given a strong buy rating to the company’s stock. According to MarketBeat.com, Amazon.com currently has an average rating of “Moderate Buy” and a consensus target price of $235.45.

Amazon.com Trading Down 0.4 %

NASDAQ:AMZN opened at $201.70 on Tuesday. 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 $2.12 trillion, a P/E ratio of 43.19, a P/E/G ratio of 1.36 and a beta of 1.14. The stock’s 50 day moving average price is $191.69 and its 200 day moving average price is $185.93. Amazon.com, Inc. has a 52 week low of $141.50 and a 52 week high of $215.90.

Amazon.com (NASDAQ:AMZN) last announced its quarterly earnings results on Thursday, October 31st. The e-commerce giant reported $1.43 EPS for the quarter, topping the consensus estimate of $1.14 by $0.29. The company had revenue of $158.88 billion for the quarter, compared to analyst estimates of $157.28 billion. Amazon.com had a net margin of 8.04% and a return on equity of 22.41%. Amazon.com’s quarterly revenue was up 11.0% on a year-over-year basis. During the same quarter in the prior year, the business posted $0.85 EPS. On average, research analysts forecast that Amazon.com, Inc. will post 5.27 EPS for the current fiscal year.

Insiders Place Their Bets

In related news, CEO Andrew R. Jassy sold 20,784 shares of the firm’s stock in a transaction that occurred on Wednesday, August 21st. The stock was sold at an average price of $180.77, for a total value of $3,757,123.68. Following the transaction, the chief executive officer now directly owns 2,056,534 shares of the company’s stock, valued at approximately $371,759,651.18. This trade represents a 1.00 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. 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 stock was sold at an average price of $208.85, for a total value of $625,790,203.70. Following the sale, the insider now directly owns 917,416,976 shares of the company’s stock, valued at $191,602,535,437.60. The trade was a 0.33 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 6,053,349 shares of company stock valued at $1,256,503,289 over the last quarter. 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.