Marks Group Wealth Management Inc Raises Stock Holdings in Amazon.com, Inc. (NASDAQ:AMZN)

Marks Group Wealth Management Inc raised its holdings in Amazon.com, Inc. (NASDAQ:AMZN) by 22.5% in the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 43,167 shares of the e-commerce giant’s stock after purchasing an additional 7,917 shares during the quarter. Marks Group Wealth Management Inc’s holdings in Amazon.com were worth $8,043,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other large investors have also recently made changes to their positions in the business. Long Run Wealth Advisors LLC grew its position in Amazon.com by 1,000.8% during the third quarter. Long Run Wealth Advisors LLC now owns 20,045 shares of the e-commerce giant’s stock valued at $3,735,000 after buying an additional 18,224 shares during the period. Balentine LLC grew its position in shares of Amazon.com by 260.3% during the 3rd quarter. Balentine LLC now owns 28,971 shares of the e-commerce giant’s stock valued at $5,398,000 after acquiring an additional 20,931 shares during the period. Bailard Inc. increased its stake in shares of Amazon.com by 2.1% during the 3rd quarter. Bailard Inc. now owns 266,159 shares of the e-commerce giant’s stock worth $49,593,000 after purchasing an additional 5,470 shares during the last quarter. HF Advisory Group LLC raised its holdings in shares of Amazon.com by 4.2% in the 3rd quarter. HF Advisory Group LLC now owns 20,387 shares of the e-commerce giant’s stock worth $3,799,000 after purchasing an additional 819 shares during the period. Finally, Crescent Grove Advisors LLC lifted its stake in Amazon.com by 5.7% in the third quarter. Crescent Grove Advisors LLC now owns 21,151 shares of the e-commerce giant’s stock valued at $3,941,000 after purchasing an additional 1,140 shares during the last quarter. 72.20% of the stock is owned by hedge funds and other institutional investors.

Amazon.com Trading Down 0.7 %

Shares of AMZN stock opened at $227.46 on Friday. The business has a 50-day moving average price of $201.65 and a two-hundred day moving average price of $189.72. Amazon.com, Inc. has a 12-month low of $144.05 and a 12-month high of $231.20. The company has a quick ratio of 0.87, a current ratio of 1.09 and a debt-to-equity ratio of 0.21. The firm has a market cap of $2.39 trillion, a P/E ratio of 48.71, a price-to-earnings-growth ratio of 1.54 and a beta of 1.16.

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 the consensus estimate of $1.14 by $0.29. The business had revenue of $158.88 billion during the quarter, compared to analyst estimates of $157.28 billion. Amazon.com had a return on equity of 22.41% and a net margin of 8.04%. Amazon.com’s revenue for the quarter was up 11.0% on a year-over-year basis. During the same quarter in the prior year, the firm earned $0.85 earnings per share. Equities analysts anticipate that Amazon.com, Inc. will post 5.29 EPS for the current fiscal year.

Insider Activity

In other Amazon.com news, Director Daniel P. Huttenlocher sold 1,237 shares of the business’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 $4,958,982.72. The trade was a 4.73 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Also, CEO Matthew S. Garman sold 15,260 shares of the firm’s stock in a transaction dated 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 transaction, the chief executive officer now directly owns 349,261 shares in the company, 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. In the last 90 days, insiders sold 6,034,534 shares of company stock valued at $1,253,883,872. Corporate insiders own 10.80% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of analysts have issued reports on AMZN shares. Cantor Fitzgerald reissued an “overweight” rating and issued a $230.00 target price on shares of Amazon.com in a research report on Monday, October 7th. Susquehanna lifted their price objective on Amazon.com from $220.00 to $230.00 and gave the stock a “positive” rating in a report on Friday, November 1st. Jefferies Financial Group upped their price objective on shares of Amazon.com from $225.00 to $235.00 and gave the company a “buy” rating in a report on Friday, November 1st. Redburn Atlantic increased their target price on shares of Amazon.com from $225.00 to $235.00 and gave the stock a “buy” rating in a research report on Tuesday, November 26th. Finally, JMP Securities boosted their price target on shares of Amazon.com from $265.00 to $285.00 and gave the company a “market outperform” rating in a research report on Friday, November 1st. Two analysts have rated the stock with a hold rating, forty-one have given a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat, the company has an average rating of “Moderate Buy” and an average price target of $238.87.

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.