Cetera Advisor Networks LLC Grows Stock Holdings in Amazon.com, Inc. (NASDAQ:AMZN)

Cetera Advisor Networks LLC increased its stake in shares of Amazon.com, Inc. (NASDAQ:AMZNGet Rating) by 8.3% during the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 35,943 shares of the e-commerce giant’s stock after purchasing an additional 2,741 shares during the quarter. Amazon.com comprises about 1.4% of Cetera Advisor Networks LLC’s portfolio, making the stock its 8th biggest position. Cetera Advisor Networks LLC’s holdings in Amazon.com were worth $117,172,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds have also modified their holdings of AMZN. Gibson Wealth Advisors LLC bought a new stake in shares of Amazon.com during the fourth quarter valued at approximately $33,000. Leverty Financial Group LLC bought a new stake in shares of Amazon.com during the fourth quarter valued at approximately $36,000. MBM Wealth Consultants LLC grew its stake in shares of Amazon.com by 57.1% during the fourth quarter. MBM Wealth Consultants LLC now owns 11 shares of the e-commerce giant’s stock valued at $37,000 after purchasing an additional 4 shares during the last quarter. Industrial Alliance Investment Management Inc. acquired a new position in Amazon.com in the fourth quarter valued at approximately $39,000. Finally, William Allan LLC acquired a new position in Amazon.com in the fourth quarter valued at approximately $47,000. 57.15% of the stock is owned by institutional investors.

Insider Transactions at Amazon.com

In other news, VP Shelley Reynolds sold 3,480 shares of the firm’s stock in a transaction dated Monday, August 22nd. The shares were sold at an average price of $134.23, for a total transaction of $467,120.40. Following the completion of the sale, the vice president now owns 119,780 shares in the company, valued at approximately $16,078,069.40. The transaction was disclosed in a filing with the SEC, which is accessible through this link. In other news, VP Shelley Reynolds sold 3,480 shares of the firm’s stock in a transaction dated Monday, August 22nd. The shares were sold at an average price of $134.23, for a total transaction of $467,120.40. Following the completion of the sale, the vice president now owns 119,780 shares in the company, valued at approximately $16,078,069.40. The transaction was disclosed in a filing with the SEC, which is accessible through this link. Also, CEO Douglas J. Herrington sold 7,448 shares of Amazon.com stock in a transaction dated Monday, August 22nd. The stock was sold at an average price of $134.25, for a total transaction of $999,894.00. Following the completion of the sale, the chief executive officer now owns 498,572 shares of the company’s stock, valued at approximately $66,933,291. The disclosure for this sale can be found here. In the last 90 days, insiders sold 70,108 shares of company stock worth $9,736,335. 12.70% of the stock is owned by insiders.

Amazon.com Stock Performance

Shares of AMZN opened at $129.48 on Thursday. The firm has a 50-day moving average of $127.12 and a 200-day moving average of $131.92. Amazon.com, Inc. has a one year low of $101.26 and a one year high of $188.11. The company has a market cap of $1.32 trillion, a PE ratio of 116.07, a price-to-earnings-growth ratio of 5.73 and a beta of 1.33. The company has a debt-to-equity ratio of 0.44, a current ratio of 0.95 and a quick ratio of 0.68.

Amazon.com (NASDAQ:AMZNGet Rating) last posted its earnings results on Thursday, July 28th. The e-commerce giant reported ($0.20) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.15 by ($0.35). The company had revenue of $121.23 billion for the quarter, compared to analyst estimates of $119.16 billion. Amazon.com had a return on equity of 15.79% and a net margin of 2.39%. The business’s quarterly revenue was up 7.2% compared to the same quarter last year. During the same quarter in the prior year, the business posted $0.76 EPS. As a group, equities analysts forecast that Amazon.com, Inc. will post 0.98 earnings per share for the current year.

Wall Street Analyst Weigh In

AMZN has been the topic of several analyst reports. StockNews.com upgraded shares of Amazon.com from a “sell” rating to a “hold” rating in a report on Monday, August 1st. Stifel Nicolaus cut their price objective on shares of Amazon.com from $190.00 to $185.00 in a report on Friday, July 15th. Rosenblatt Securities increased their price objective on shares of Amazon.com to $118.00 and gave the company a “neutral” rating in a report on Friday, July 29th. The Goldman Sachs Group restated a “buy” rating and issued a $175.00 price objective on shares of Amazon.com in a report on Thursday, August 4th. Finally, Loop Capital cut their price objective on shares of Amazon.com from $187.50 to $141.25 and set a “buy” rating on the stock in a report on Friday, May 27th. Two analysts have rated the stock with a sell rating, two have assigned a hold rating and thirty-six have given a buy rating to the company’s stock. According to data from MarketBeat, the stock has an average rating of “Moderate Buy” and an average price target of $176.61.

Amazon.com Company Profile

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Amazon.com, Inc engages in the retail sale of consumer products and subscriptions in North America and internationally. The company operates through three segments: North America, International, and Amazon Web Services (AWS). It sells merchandise and content purchased for resale from third-party sellers through physical and online stores.

Further Reading

Institutional Ownership by Quarter for Amazon.com (NASDAQ:AMZN)

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