Amazon.com, Inc. (NASDAQ:AMZN) Shares Bought by Centennial Wealth Advisory LLC

Centennial Wealth Advisory LLC grew its stake in Amazon.com, Inc. (NASDAQ:AMZN) by 19.7% during the 3rd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 6,024 shares of the e-commerce giant’s stock after purchasing an additional 991 shares during the quarter. Amazon.com makes up 0.4% of Centennial Wealth Advisory LLC’s holdings, making the stock its 27th biggest position. Centennial Wealth Advisory LLC’s holdings in Amazon.com were worth $1,122,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors and hedge funds have also modified their holdings of the company. Legal & General Group Plc lifted its holdings in Amazon.com by 1.5% in the 2nd quarter. Legal & General Group Plc now owns 69,686,374 shares of the e-commerce giant’s stock valued at $13,466,933,000 after purchasing an additional 1,042,177 shares in the last quarter. Bank of New York Mellon Corp raised its position in shares of Amazon.com by 0.4% in the second quarter. Bank of New York Mellon Corp now owns 67,745,972 shares of the e-commerce giant’s stock valued at $13,091,909,000 after buying an additional 289,532 shares during the last quarter. Ameriprise Financial Inc. lifted its stake in shares of Amazon.com by 3.4% in the second quarter. Ameriprise Financial Inc. now owns 40,973,804 shares of the e-commerce giant’s stock worth $7,917,906,000 after buying an additional 1,329,150 shares in the last quarter. International Assets Investment Management LLC boosted its position in Amazon.com by 20,897.2% during the third quarter. International Assets Investment Management LLC now owns 39,135,449 shares of the e-commerce giant’s stock worth $72,921,080,000 after acquiring an additional 38,949,065 shares during the last quarter. Finally, Massachusetts Financial Services Co. MA grew its stake in Amazon.com by 1.5% during the 2nd quarter. Massachusetts Financial Services Co. MA now owns 31,883,977 shares of the e-commerce giant’s stock valued at $6,161,579,000 after acquiring an additional 464,938 shares in the last quarter. Hedge funds and other institutional investors own 72.20% of the company’s stock.

Amazon.com Price Performance

Shares of AMZN opened at $227.46 on Friday. The company has a debt-to-equity ratio of 0.21, a quick ratio of 0.87 and a current ratio of 1.09. Amazon.com, Inc. has a fifty-two week low of $144.05 and a fifty-two week high of $231.20. The firm has a 50-day simple moving average of $201.65 and a 200-day simple moving average of $189.72. The company has a market capitalization of $2.39 trillion, a price-to-earnings ratio of 48.71, a price-to-earnings-growth ratio of 1.54 and a beta of 1.16.

Amazon.com (NASDAQ:AMZN) last released its 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. 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 analysts’ expectations of $157.28 billion. During the same quarter last year, the business earned $0.85 EPS. The business’s revenue was up 11.0% on a year-over-year basis. On average, equities research analysts anticipate that Amazon.com, Inc. will post 5.29 earnings per share for the current year.

Wall Street Analysts Forecast Growth

Several research analysts have recently weighed in on AMZN shares. BMO Capital Markets restated an “outperform” rating and set a $236.00 target price on shares of Amazon.com in a report on Tuesday, December 3rd. Bank of America lifted their target price on shares of Amazon.com from $210.00 to $230.00 and gave the stock a “buy” rating in a research note on Friday, November 1st. Robert W. Baird increased their price target on shares of Amazon.com from $220.00 to $260.00 and gave the company an “outperform” rating in a research note on Friday. Benchmark lifted their price target on shares of Amazon.com from $200.00 to $215.00 and gave the company a “buy” rating in a research report on Friday, November 1st. Finally, Pivotal Research began coverage on Amazon.com in a research report on Friday, October 11th. They issued a “buy” rating and a $260.00 price objective for the company. Two investment analysts have rated the stock with a hold rating, forty-one have assigned a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat, Amazon.com presently has an average rating of “Moderate Buy” and a consensus target price of $238.87.

Insider Buying and Selling at Amazon.com

In other Amazon.com news, 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 value of $427,050.00. Following the completion of the transaction, the senior vice president now owns 62,420 shares in the company, valued at approximately $12,171,900. This represents a 3.39 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, Director Daniel P. Huttenlocher sold 1,237 shares of the firm’s stock in a transaction on Tuesday, November 19th. The shares were sold at an average price of $199.06, for a total value of $246,237.22. Following the completion of the sale, the director now directly owns 24,912 shares of the company’s stock, valued at approximately $4,958,982.72. This trade represents a 4.73 % decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 6,034,534 shares of company stock valued at $1,253,883,872. 10.80% of the stock is owned by corporate insiders.

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.