Integrated Advisors Network LLC Has $32.79 Million Stock Holdings in Amazon.com, Inc. (NASDAQ:AMZN)

Integrated Advisors Network LLC raised its position in shares of Amazon.com, Inc. (NASDAQ:AMZN) by 10.0% in the third quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 175,975 shares of the e-commerce giant’s stock after purchasing an additional 15,941 shares during the period. Amazon.com comprises 1.6% of Integrated Advisors Network LLC’s portfolio, making the stock its 8th biggest position. Integrated Advisors Network LLC’s holdings in Amazon.com were worth $32,789,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also bought and sold shares of AMZN. China Universal Asset Management Co. Ltd. raised its position 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 worth $32,894,000 after acquiring an additional 43,759 shares in the last quarter. Quent Capital LLC raised its position in shares of Amazon.com by 3.3% in the 1st quarter. Quent Capital LLC now owns 33,729 shares of the e-commerce giant’s stock worth $6,084,000 after acquiring an additional 1,081 shares in the last quarter. NWK Group Inc. raised its position in shares of Amazon.com by 2.2% in the 1st quarter. NWK Group Inc. now owns 69,472 shares of the e-commerce giant’s stock worth $12,531,000 after acquiring an additional 1,481 shares in the last quarter. Orion Capital Management LLC raised its position in shares of Amazon.com by 2.4% in the 1st quarter. Orion Capital Management LLC now owns 30,729 shares of the e-commerce giant’s stock worth $5,542,000 after acquiring an additional 715 shares in the last quarter. Finally, Hillsdale Investment Management Inc. raised its position in shares of Amazon.com by 3.8% in the 1st quarter. Hillsdale Investment Management Inc. now owns 13,424 shares of the e-commerce giant’s stock worth $2,421,000 after acquiring an additional 486 shares in the last quarter. 72.20% of the stock is owned by institutional investors.

Insider Buying and Selling at Amazon.com

In other news, SVP David Zapolsky sold 2,190 shares of the company’s stock in a transaction that occurred on Tuesday, September 24th. The stock was sold at an average price of $195.00, for a total value of $427,050.00. Following the completion of the sale, the senior vice president now directly owns 62,420 shares in the company, valued at $12,171,900. This represents a 3.39 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, CEO Matthew S. Garman sold 15,260 shares of the company’s stock in a transaction that occurred on Thursday, November 21st. The shares were sold at an average price of $200.19, for a total value of $3,054,899.40. Following the completion of the sale, the chief executive officer now owns 349,261 shares of the company’s stock, valued at $69,918,559.59. This trade represents a 4.19 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 6,026,683 shares of company stock valued at $1,252,148,795 over the last quarter. 10.80% of the stock is currently owned by insiders.

Analyst Ratings Changes

Several research analysts have recently commented on the company. JMP Securities boosted their price target 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. TD Cowen boosted their target price on Amazon.com from $230.00 to $240.00 and gave the stock a “buy” rating in a research note on Friday, November 1st. Maxim Group boosted their target price on Amazon.com from $251.00 to $260.00 and gave the stock a “buy” rating in a research note on Friday, November 1st. Deutsche Bank Aktiengesellschaft boosted their target price on Amazon.com from $225.00 to $232.00 and gave the stock a “buy” rating in a research note on Friday, November 1st. Finally, Moffett Nathanson boosted their target price on Amazon.com from $235.00 to $248.00 and gave the stock a “buy” rating in a research note on Tuesday, November 26th. Two analysts have rated the stock with a hold rating, forty-one 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 presently has an average rating of “Moderate Buy” and an average price target of $236.20.

Amazon.com Price Performance

Shares of Amazon.com stock opened at $213.44 on Wednesday. The business has a 50 day simple moving average of $195.51 and a two-hundred day simple moving average of $187.34. Amazon.com, Inc. has a 12 month low of $142.81 and a 12 month high of $215.90. The stock has a market capitalization of $2.24 trillion, a P/E ratio of 45.70, a PEG ratio of 1.41 and a beta of 1.16. The company has a debt-to-equity ratio of 0.21, a current ratio of 1.09 and a quick ratio of 0.87.

Amazon.com (NASDAQ:AMZN) last announced its earnings results on Thursday, October 31st. The e-commerce giant reported $1.43 EPS for the quarter, beating 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 prior year, the firm earned $0.85 earnings per share. The business’s revenue was up 11.0% compared to the same quarter last year. As a group, analysts predict that Amazon.com, Inc. will post 5.29 EPS for the current fiscal year.

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.