Wealth Alliance Advisory Group LLC Boosts Stake in Amazon.com, Inc. (NASDAQ:AMZN)

Wealth Alliance Advisory Group LLC boosted its position in shares of Amazon.com, Inc. (NASDAQ:AMZN) by 2.0% during the 3rd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 23,959 shares of the e-commerce giant’s stock after buying an additional 474 shares during the period. Amazon.com accounts for approximately 0.9% of Wealth Alliance Advisory Group LLC’s portfolio, making the stock its 22nd biggest holding. Wealth Alliance Advisory Group LLC’s holdings in Amazon.com were worth $4,464,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in the company. China Universal Asset Management Co. Ltd. grew its stake in shares of 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 purchasing an additional 43,759 shares during the last quarter. Quent Capital LLC grew its position in Amazon.com by 3.3% in the 1st quarter. Quent Capital LLC now owns 33,729 shares of the e-commerce giant’s stock valued at $6,084,000 after buying an additional 1,081 shares during the last quarter. Wellington Shields & Co. LLC increased its stake in Amazon.com by 0.7% in the 1st quarter. Wellington Shields & Co. LLC now owns 26,973 shares of the e-commerce giant’s stock valued at $4,865,000 after buying an additional 183 shares during the period. BCU Wealth Advisors LLC purchased a new position in Amazon.com during the 1st quarter worth $220,000. Finally, Wellington Shields Capital Management LLC lifted its stake in shares of Amazon.com by 10.1% in the 1st quarter. Wellington Shields Capital Management LLC now owns 91,791 shares of the e-commerce giant’s stock worth $16,557,000 after acquiring an additional 8,395 shares during the period. Hedge funds and other institutional investors own 72.20% of the company’s stock.

Amazon.com Trading Down 0.8 %

Shares of AMZN opened at $202.88 on Thursday. The stock’s fifty day simple moving average is $192.56 and its 200 day simple moving average is $186.18. Amazon.com, Inc. has a twelve month low of $141.50 and a twelve month high of $215.90. The company has a current ratio of 1.09, a quick ratio of 0.87 and a debt-to-equity ratio of 0.21. The firm has a market capitalization of $2.13 trillion, a P/E ratio of 43.44, a price-to-earnings-growth ratio of 1.36 and a beta of 1.14.

Amazon.com (NASDAQ:AMZN) last issued 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 return on equity of 22.41% and a net margin of 8.04%. The business had revenue of $158.88 billion during the quarter, compared to analysts’ expectations of $157.28 billion. During the same quarter in the previous year, the business earned $0.85 EPS. The company’s revenue for the quarter was up 11.0% on a year-over-year basis. On average, equities research analysts forecast that Amazon.com, Inc. will post 5.27 earnings per share for the current year.

Insider Transactions at Amazon.com

In related news, insider Jeffrey P. Bezos sold 2,996,362 shares of the stock in a transaction 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 completion of the sale, the insider now directly owns 917,416,976 shares in the company, valued at approximately $191,602,535,437.60. This represents a 0.33 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Daniel P. Huttenlocher sold 1,237 shares of the business’s stock in a transaction dated Tuesday, November 19th. The stock was sold at an average price of $199.06, for a total value of $246,237.22. Following the transaction, the director now owns 24,912 shares in the company, valued at approximately $4,958,982.72. This represents a 4.73 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 6,011,423 shares of company stock valued at $1,249,093,896 over the last 90 days. Corporate insiders own 10.80% of the company’s stock.

Wall Street Analysts Forecast Growth

Several research firms recently issued reports on AMZN. Jefferies Financial Group increased their price target on shares of Amazon.com from $225.00 to $235.00 and gave the stock a “buy” rating in a report on Friday, November 1st. JMP Securities increased their target price on Amazon.com from $265.00 to $285.00 and gave the stock a “market outperform” rating in a research note on Friday, November 1st. Needham & Company LLC lifted their price target on Amazon.com from $210.00 to $250.00 and gave the company a “buy” rating in a research note on Thursday, November 14th. Wells Fargo & Company reiterated an “equal weight” rating and issued a $197.00 price objective on shares of Amazon.com in a research report on Wednesday. Finally, The Goldman Sachs Group upped their price target on shares of Amazon.com from $230.00 to $240.00 and gave the stock a “buy” rating in a research note on Friday, November 1st. Two research analysts have rated the stock with a hold rating, forty have issued a buy rating and one has given a strong buy rating to the company. According to MarketBeat, Amazon.com currently has a consensus rating of “Moderate Buy” and an average price target of $235.77.

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.