Advisors Management Group Inc. ADV Has $343,000 Stock Position in Amazon.com, Inc. (NASDAQ:AMZN)

Advisors Management Group Inc. ADV grew its stake in Amazon.com, Inc. (NASDAQ:AMZNGet Rating) by 1,982.6% during the second quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 3,228 shares of the e-commerce giant’s stock after purchasing an additional 3,073 shares during the quarter. Advisors Management Group Inc. ADV’s holdings in Amazon.com were worth $343,000 at the end of the most recent reporting period.

A number of other large investors also recently made changes to their positions in the stock. LRT Capital Management LLC acquired a new stake in Amazon.com during the 1st quarter worth $939,000. Bellecapital International Ltd. raised its stake in Amazon.com by 1,993.8% during the 2nd quarter. Bellecapital International Ltd. now owns 70,644 shares of the e-commerce giant’s stock worth $7,503,000 after buying an additional 67,270 shares during the period. Van Hulzen Asset Management LLC raised its stake in Amazon.com by 2.1% during the 1st quarter. Van Hulzen Asset Management LLC now owns 3,993 shares of the e-commerce giant’s stock worth $13,017,000 after buying an additional 82 shares during the period. Bouchey Financial Group Ltd raised its stake in Amazon.com by 2,027.5% during the 2nd quarter. Bouchey Financial Group Ltd now owns 160,326 shares of the e-commerce giant’s stock worth $17,028,000 after buying an additional 152,790 shares during the period. Finally, Ervin Investment Management LLC raised its stake in Amazon.com by 1,900.0% during the 2nd quarter. Ervin Investment Management LLC now owns 2,940 shares of the e-commerce giant’s stock worth $320,000 after buying an additional 2,793 shares during the period. Institutional investors and hedge funds own 57.15% of the company’s stock.

Amazon.com Stock Up 0.8 %

NASDAQ AMZN opened at $93.20 on Wednesday. The company has a current ratio of 0.94, a quick ratio of 0.68 and a debt-to-equity ratio of 0.43. Amazon.com, Inc. has a 1-year low of $85.87 and a 1-year high of $181.68. The company has a 50 day moving average of $109.13 and a 200-day moving average of $116.76. The company has a market cap of $950.79 billion, a price-to-earnings ratio of 85.54, a PEG ratio of 6.29 and a beta of 1.23.

Amazon.com (NASDAQ:AMZNGet Rating) last released its quarterly earnings results on Thursday, October 27th. The e-commerce giant reported $0.28 earnings per share for the quarter, beating analysts’ consensus estimates of $0.22 by $0.06. Amazon.com had a net margin of 2.25% and a return on equity of 14.44%. The company had revenue of $127.10 billion during the quarter, compared to the consensus estimate of $127.47 billion. During the same period in the previous year, the business earned $0.31 earnings per share. The firm’s quarterly revenue was up 14.7% on a year-over-year basis. On average, equities research analysts expect that Amazon.com, Inc. will post 0.74 earnings per share for the current fiscal year.

Insider Buying and Selling at Amazon.com

In other Amazon.com news, CEO Adam Selipsky sold 520 shares of the business’s stock in a transaction on Thursday, September 29th. The shares were sold at an average price of $114.61, for a total transaction of $59,597.20. Following the sale, the chief executive officer now owns 114,660 shares of the company’s stock, valued at $13,141,182.60. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. In related news, major shareholder Amazon Com Inc sold 250,000 shares of the business’s stock in a transaction on Friday, October 7th. The shares were sold at an average price of $23.61, for a total value of $5,902,500.00. Following the sale, the insider now owns 14,178,445 shares of the company’s stock, valued at $334,753,086.45. The sale was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Also, CEO Adam Selipsky sold 520 shares of the business’s stock in a transaction on Thursday, September 29th. The stock was sold at an average price of $114.61, for a total transaction of $59,597.20. Following the completion of the sale, the chief executive officer now directly owns 114,660 shares in the company, valued at approximately $13,141,182.60. The disclosure for this sale can be found here. Insiders sold a total of 269,412 shares of company stock worth $7,914,139 over the last three months. Corporate insiders own 12.70% of the company’s stock.

Wall Street Analysts Forecast Growth

AMZN has been the topic of several recent research reports. Wells Fargo & Company dropped their price target on Amazon.com from $200.00 to $155.00 and set an “overweight” rating on the stock in a research note on Friday, October 28th. Telsey Advisory Group dropped their price target on Amazon.com from $150.00 to $140.00 and set an “outperform” rating on the stock in a research note on Friday, October 28th. JPMorgan Chase & Co. dropped their price target on Amazon.com from $175.00 to $145.00 and set an “overweight” rating on the stock in a research note on Friday, October 28th. Moffett Nathanson initiated coverage on Amazon.com in a research note on Tuesday, November 15th. They issued an “outperform” rating and a $118.00 price target on the stock. Finally, Canaccord Genuity Group lifted their price target on Amazon.com from $185.00 to $200.00 in a research note on Friday, July 29th. Two investment analysts have rated the stock with a sell rating, three have issued a hold rating and forty-two have given a buy rating to the company’s stock. Based on data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus target price of $150.77.

Amazon.com Profile

(Get Rating)

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.

Featured Articles

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

Receive News & Ratings for Amazon.com Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Amazon.com and related companies with MarketBeat.com's FREE daily email newsletter.