Kowal Investment Group LLC Raises Stock Holdings in Amazon.com, Inc. (NASDAQ:AMZN)

Kowal Investment Group LLC lifted its holdings in shares of Amazon.com, Inc. (NASDAQ:AMZN) by 5.7% during the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 19,466 shares of the e-commerce giant’s stock after acquiring an additional 1,057 shares during the period. Amazon.com accounts for about 0.7% of Kowal Investment Group LLC’s holdings, making the stock its 22nd biggest position. Kowal Investment Group LLC’s holdings in Amazon.com were worth $3,627,000 at the end of the most recent quarter.

Other institutional investors have also modified their holdings of the company. Beech Hill Advisors Inc. increased its position in Amazon.com by 1.7% in the 3rd quarter. Beech Hill Advisors Inc. now owns 61,299 shares of the e-commerce giant’s stock valued at $11,422,000 after acquiring an additional 1,034 shares during the period. Tamar Securities LLC grew its stake in shares of Amazon.com by 12.9% in the 3rd quarter. Tamar Securities LLC now owns 179,980 shares of the e-commerce giant’s stock valued at $33,536,000 after purchasing an additional 20,610 shares during the last quarter. FLC Capital Advisors increased its holdings in shares of Amazon.com by 1.2% in the third quarter. FLC Capital Advisors now owns 29,521 shares of the e-commerce giant’s stock valued at $5,501,000 after purchasing an additional 345 shares during the period. Horizon Wealth Management LLC raised its stake in shares of Amazon.com by 1.2% during the third quarter. Horizon Wealth Management LLC now owns 15,862 shares of the e-commerce giant’s stock worth $2,956,000 after purchasing an additional 190 shares during the last quarter. Finally, Cornerstone Wealth Management LLC lifted its holdings in shares of Amazon.com by 2.2% during the third quarter. Cornerstone Wealth Management LLC now owns 81,996 shares of the e-commerce giant’s stock worth $15,278,000 after purchasing an additional 1,760 shares during the period. 72.20% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

A number of equities analysts have commented on AMZN shares. Morgan Stanley upped their price objective on shares of Amazon.com from $210.00 to $230.00 and gave the stock an “overweight” rating in a research report on Monday, November 4th. Telsey Advisory Group raised their price objective on shares of Amazon.com from $215.00 to $235.00 and gave the company an “outperform” rating in a research report on Friday, November 1st. Royal Bank of Canada boosted their target price on Amazon.com from $215.00 to $225.00 and gave the stock an “outperform” rating in a research report on Friday, November 1st. JPMorgan Chase & Co. raised their price target on Amazon.com from $230.00 to $250.00 and gave the company an “overweight” rating in a report on Friday, November 1st. Finally, Susquehanna lifted their price target on Amazon.com from $220.00 to $230.00 and gave the company a “positive” rating in a research note on Friday, November 1st. Two investment 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 company’s stock. According to MarketBeat.com, Amazon.com currently has a consensus rating of “Moderate Buy” and an average price target of $235.45.

Insiders Place Their Bets

In other Amazon.com news, VP Shelley Reynolds sold 3,791 shares of the company’s stock in a transaction dated Wednesday, August 21st. The stock was sold at an average price of $181.04, for a total transaction of $686,322.64. Following the completion of the sale, the vice president now directly owns 121,461 shares in the company, valued at $21,989,299.44. This represents a 3.03 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, insider Jeffrey P. Bezos sold 2,996,362 shares of the firm’s stock in a transaction dated Monday, November 11th. The stock was sold at an average price of $206.75, for a total value of $619,497,843.50. Following the completion of the transaction, the insider now owns 914,420,614 shares in the company, valued at approximately $189,056,461,944.50. This trade 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 6,053,349 shares of company stock valued at $1,256,503,289 over the last quarter. Company insiders own 10.80% of the company’s stock.

Amazon.com Stock Performance

Amazon.com stock opened at $202.61 on Friday. The stock has a fifty day moving average price of $190.54 and a 200 day moving average price of $185.54. The company has a current ratio of 1.09, a quick ratio of 0.87 and a debt-to-equity ratio of 0.21. Amazon.com, Inc. has a 52 week low of $139.52 and a 52 week high of $215.90. The firm has a market capitalization of $2.13 trillion, a P/E ratio of 43.39, a PEG ratio of 1.44 and a beta of 1.14.

Amazon.com (NASDAQ:AMZN) last posted its quarterly earnings data 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 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 company posted $0.85 EPS. The company’s quarterly revenue was up 11.0% compared to the same quarter last year. Equities research analysts anticipate that Amazon.com, Inc. will post 5.27 earnings per share for the current year.

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.