Signet Investment Advisory Group Inc. Buys 497 Shares of Amazon.com, Inc. (NASDAQ:AMZN)

Signet Investment Advisory Group Inc. raised its stake in Amazon.com, Inc. (NASDAQ:AMZN) by 3.8% during the 3rd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 13,687 shares of the e-commerce giant’s stock after acquiring an additional 497 shares during the quarter. Signet Investment Advisory Group Inc.’s holdings in Amazon.com were worth $1,547,000 at the end of the most recent reporting period.

Other large investors have also recently bought and sold shares of the company. ARGI Investment Services LLC increased its holdings in shares of Amazon.com by 13.6% during the third quarter. ARGI Investment Services LLC now owns 37,838 shares of the e-commerce giant’s stock worth $4,276,000 after purchasing an additional 4,527 shares during the period. Xcel Wealth Management LLC increased its holdings in shares of Amazon.com by 2.9% during the third quarter. Xcel Wealth Management LLC now owns 128,167 shares of the e-commerce giant’s stock worth $14,483,000 after purchasing an additional 3,665 shares during the period. Crew Capital Management Ltd. bought a new position in shares of Amazon.com during the third quarter worth approximately $218,000. Cardinal Strategic Wealth Guidance increased its holdings in shares of Amazon.com by 24.1% during the third quarter. Cardinal Strategic Wealth Guidance now owns 4,120 shares of the e-commerce giant’s stock worth $466,000 after purchasing an additional 800 shares during the period. Finally, WT Wealth Management increased its holdings in shares of Amazon.com by 11.9% during the third quarter. WT Wealth Management now owns 42,729 shares of the e-commerce giant’s stock worth $4,828,000 after purchasing an additional 4,539 shares during the period. 57.64% of the stock is owned by institutional investors.

Amazon.com Trading Up 3.6 %

NASDAQ:AMZN opened at $86.08 on Monday. The company has a debt-to-equity ratio of 0.43, a current ratio of 0.94 and a quick ratio of 0.68. The firm has a 50-day moving average of $90.51 and a 200-day moving average of $111.39. The company has a market cap of $878.16 billion, a PE ratio of 79.01, a PEG ratio of 2.74 and a beta of 1.22. Amazon.com, Inc. has a one year low of $81.43 and a one year high of $170.83.

Amazon.com (NASDAQ:AMZNGet Rating) last announced its quarterly earnings results on Thursday, October 27th. The e-commerce giant reported $0.20 EPS for the quarter, missing analysts’ consensus estimates of $0.22 by ($0.02). The business had revenue of $127.10 billion for the quarter, compared to analysts’ expectations of $127.47 billion. Amazon.com had a net margin of 2.25% and a return on equity of 14.44%. The business’s quarterly revenue was up 14.7% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.31 earnings per share. As a group, equities research analysts expect that Amazon.com, Inc. will post 0.69 EPS for the current fiscal year.

Analysts Set New Price Targets

Several brokerages have recently commented on AMZN. Monness Crespi & Hardt lowered their target price on shares of Amazon.com from $172.00 to $136.00 and set a “buy” rating on the stock in a report on Friday, October 28th. Telsey Advisory Group lowered their target price on shares of Amazon.com from $150.00 to $140.00 and set an “outperform” rating on the stock in a report on Friday, October 28th. Benchmark decreased their price objective on shares of Amazon.com from $160.00 to $125.00 and set a “buy” rating on the stock in a research note on Friday, October 28th. Tigress Financial decreased their price objective on shares of Amazon.com from $232.00 to $192.00 and set a “buy” rating on the stock in a research note on Wednesday, November 2nd. Finally, Erste Group Bank lowered shares of Amazon.com from a “buy” rating to a “hold” rating in a research report on Friday, November 18th. Two investment analysts have rated the stock with a sell rating, three have given a hold rating and forty-two have given a buy rating to the company. According to data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $147.12.

Insider Activity at Amazon.com

In related news, CEO Adam Selipsky sold 345 shares of the company’s stock in a transaction that occurred on Tuesday, November 1st. The shares were sold at an average price of $102.00, for a total transaction of $35,190.00. Following the sale, the chief executive officer now directly owns 112,795 shares in the company, valued at approximately $11,505,090. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. In related news, VP Shelley Reynolds sold 3,500 shares of the company’s stock in a transaction that occurred on Monday, November 21st. The shares were sold at an average price of $94.00, for a total transaction of $329,000.00. Following the sale, the vice president now owns 119,780 shares of the company’s stock, valued at approximately $11,259,320. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CEO Adam Selipsky sold 345 shares of the company’s stock in a transaction that occurred on Tuesday, November 1st. The stock was sold at an average price of $102.00, for a total transaction of $35,190.00. Following the sale, the chief executive officer now directly owns 112,795 shares in the company, valued at approximately $11,505,090. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 52,948 shares of company stock worth $5,135,922. 12.70% of the stock is owned by corporate insiders.

Amazon.com 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.

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

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