AA Financial Advisors LLC Raises Holdings in Amazon.com, Inc. (NASDAQ:AMZN)

AA Financial Advisors LLC raised its position in shares of Amazon.com, Inc. (NASDAQ:AMZN) by 9.4% in the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 12,574 shares of the e-commerce giant’s stock after acquiring an additional 1,076 shares during the period. AA Financial Advisors LLC’s holdings in Amazon.com were worth $2,343,000 at the end of the most recent reporting period.

Other large investors also recently modified their holdings of the company. China Universal Asset Management Co. Ltd. raised its holdings in shares of Amazon.com by 31.6% during 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. Quent Capital LLC raised its stake in shares of Amazon.com by 3.3% during the first quarter. Quent Capital LLC now owns 33,729 shares of the e-commerce giant’s stock valued at $6,084,000 after purchasing an additional 1,081 shares during the period. Wellington Shields & Co. LLC lifted its position in shares of Amazon.com by 0.7% during the first quarter. Wellington Shields & Co. LLC now owns 26,973 shares of the e-commerce giant’s stock worth $4,865,000 after purchasing an additional 183 shares in the last quarter. BCU Wealth Advisors LLC purchased a new position in shares of Amazon.com in the first quarter valued at $220,000. Finally, Wellington Shields Capital Management LLC boosted its stake in shares of Amazon.com by 10.1% in the first quarter. Wellington Shields Capital Management LLC now owns 91,791 shares of the e-commerce giant’s stock valued at $16,557,000 after purchasing an additional 8,395 shares during the period. 72.20% of the stock is currently owned by hedge funds and other institutional investors.

Amazon.com Trading Down 0.8 %

NASDAQ:AMZN opened at $202.88 on Thursday. The stock’s 50-day moving average is $192.56 and its two-hundred day moving average is $186.18. The company has a debt-to-equity ratio of 0.21, a current ratio of 1.09 and a quick ratio of 0.87. The stock has a market cap of $2.13 trillion, a PE ratio of 43.44, a price-to-earnings-growth ratio of 1.36 and a beta of 1.14. Amazon.com, Inc. has a fifty-two week low of $141.50 and a fifty-two week high of $215.90.

Amazon.com (NASDAQ:AMZN) last released its earnings results on Thursday, October 31st. The e-commerce giant reported $1.43 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.14 by $0.29. Amazon.com had a net margin of 8.04% and a return on equity of 22.41%. The company 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 earned $0.85 EPS. The company’s revenue was up 11.0% compared to the same quarter last year. As a group, equities research analysts forecast that Amazon.com, Inc. will post 5.27 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

AMZN has been the topic of a number of recent analyst reports. Robert W. Baird boosted their price objective on shares of Amazon.com from $213.00 to $220.00 and gave the stock an “outperform” rating in a report on Friday, November 1st. BMO Capital Markets reissued an “outperform” rating and issued a $236.00 price target (up previously from $230.00) on shares of Amazon.com in a report on Friday, November 1st. Evercore ISI lifted their price objective on Amazon.com from $240.00 to $260.00 and gave the stock an “outperform” rating in a report on Friday, November 1st. Barclays raised their price target on shares of Amazon.com from $220.00 to $235.00 and gave the stock an “overweight” rating in a research report on Friday, August 2nd. Finally, UBS Group upped their price target on shares of Amazon.com from $220.00 to $223.00 and gave the company a “buy” rating in a report on Monday, October 28th. Two equities research analysts have rated the stock with a hold rating, forty have issued a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus price target of $235.77.

Insiders Place Their Bets

In other Amazon.com news, CEO Douglas J. Herrington sold 5,502 shares of the business’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 value of $1,132,366.62. Following the completion of the sale, the chief executive officer now directly owns 518,911 shares of the company’s stock, valued at $106,797,072.91. The trade was a 1.05 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, SVP David Zapolsky sold 2,190 shares of the stock in a transaction on Tuesday, September 24th. The stock was sold at an average price of $195.00, for a total transaction of $427,050.00. Following the transaction, the senior vice president now owns 62,420 shares in the company, valued at approximately $12,171,900. This trade represents a 3.39 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 6,011,423 shares of company stock valued at $1,249,093,896 in the last three months. Insiders own 10.80% of the company’s stock.

Amazon.com Company 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.