Private Advisor Group LLC Grows Stake in Amazon.com, Inc. (NASDAQ:AMZN)

Private Advisor Group LLC grew its holdings in Amazon.com, Inc. (NASDAQ:AMZN) by 1.4% in the 3rd quarter, according to the company in its most recent filing with the SEC. The firm owned 977,953 shares of the e-commerce giant’s stock after buying an additional 13,212 shares during the quarter. Amazon.com makes up about 1.1% of Private Advisor Group LLC’s investment portfolio, making the stock its 11th largest holding. Private Advisor Group LLC’s holdings in Amazon.com were worth $182,221,000 as of its most recent SEC filing.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Foundations Investment Advisors LLC lifted its stake in shares of Amazon.com by 9.7% in the 3rd quarter. Foundations Investment Advisors LLC now owns 184,594 shares of the e-commerce giant’s stock valued at $34,395,000 after purchasing an additional 16,392 shares during the period. Zhang Financial LLC lifted its stake in shares of Amazon.com by 12.9% in the 3rd quarter. Zhang Financial LLC now owns 51,091 shares of the e-commerce giant’s stock valued at $9,520,000 after purchasing an additional 5,828 shares during the period. Northwestern Mutual Wealth Management Co. increased its position in Amazon.com by 0.5% during the 2nd quarter. Northwestern Mutual Wealth Management Co. now owns 2,847,177 shares of the e-commerce giant’s stock valued at $550,217,000 after buying an additional 14,766 shares in the last quarter. GAMMA Investing LLC increased its position in Amazon.com by 19.2% during the 3rd quarter. GAMMA Investing LLC now owns 119,205 shares of the e-commerce giant’s stock valued at $22,211,000 after buying an additional 19,231 shares in the last quarter. Finally, Stonekeep Investments LLC bought a new position in Amazon.com during the 2nd quarter valued at approximately $2,588,000. Hedge funds and other institutional investors own 72.20% of the company’s stock.

Insider Buying and Selling at Amazon.com

In other Amazon.com news, Director Jonathan Rubinstein sold 5,004 shares of the firm’s stock in a transaction dated Friday, November 1st. The stock was sold at an average price of $199.85, for a total transaction of $1,000,049.40. Following the sale, the director now directly owns 99,396 shares of the company’s stock, valued at $19,864,290.60. This trade represents a 4.79 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, insider Jeffrey P. Bezos sold 2,996,362 shares of the firm’s stock in a transaction dated Friday, November 8th. The shares were 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 in the company, valued at approximately $191,602,535,437.60. This represents a 0.33 % decrease in their ownership of the stock. 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 over the last ninety days. 10.80% of the stock is currently owned by company insiders.

Amazon.com Stock Performance

AMZN opened at $197.12 on Monday. The company has a 50 day simple moving average of $193.00 and a two-hundred day simple moving average of $186.29. 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 firm has a market cap of $2.07 trillion, a P/E ratio of 42.21, a PEG ratio of 1.33 and a beta of 1.14. Amazon.com, Inc. has a 1-year low of $142.81 and a 1-year high of $215.90.

Amazon.com (NASDAQ:AMZN) last issued its earnings results on Thursday, October 31st. The e-commerce giant reported $1.43 earnings per share for the quarter, topping the consensus estimate 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 posted $0.85 EPS. Amazon.com’s quarterly revenue was up 11.0% compared to the same quarter last year. Equities analysts forecast that Amazon.com, Inc. will post 5.27 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

A number of research firms recently weighed in on AMZN. Itau BBA Securities lowered Amazon.com from an “outperform” rating to a “market perform” rating and set a $186.00 price objective for the company. in a research report on Friday, August 2nd. Cantor Fitzgerald reaffirmed an “overweight” rating and set a $230.00 price objective on shares of Amazon.com in a research report on Monday, October 7th. Stifel Nicolaus raised their price objective on Amazon.com from $224.00 to $245.00 and gave the company a “buy” rating in a research report on Friday, November 1st. TD Cowen raised their price objective on Amazon.com from $230.00 to $240.00 and gave the company a “buy” rating in a research report on Friday, November 1st. Finally, Evercore ISI raised their price objective on Amazon.com from $240.00 to $260.00 and gave the company an “outperform” rating in a research report on Friday, November 1st. Two analysts have rated the stock with a hold rating, forty have issued a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus 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.