Bay Colony Advisory Group Inc d b a Bay Colony Advisors Has $10.75 Million Stake in Amazon.com, Inc. (NASDAQ:AMZN)

Bay Colony Advisory Group Inc d b a Bay Colony Advisors decreased its stake in shares of Amazon.com, Inc. (NASDAQ:AMZN) by 0.1% during the third quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 95,120 shares of the e-commerce giant’s stock after selling 140 shares during the period. Amazon.com comprises 3.2% of Bay Colony Advisory Group Inc d b a Bay Colony Advisors’ portfolio, making the stock its 4th largest holding. Bay Colony Advisory Group Inc d b a Bay Colony Advisors’ holdings in Amazon.com were worth $10,749,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other large investors have also added to or reduced their stakes in the stock. Fiduciary Planning LLC grew its stake in shares of Amazon.com by 1.5% during the first quarter. Fiduciary Planning LLC now owns 349 shares of the e-commerce giant’s stock valued at $1,138,000 after buying an additional 5 shares during the last quarter. HBC Financial Services PLLC grew its position in Amazon.com by 0.8% in the 1st quarter. HBC Financial Services PLLC now owns 616 shares of the e-commerce giant’s stock valued at $1,717,000 after acquiring an additional 5 shares during the last quarter. Meridian Investment Counsel Inc. increased its stake in Amazon.com by 3.4% in the first quarter. Meridian Investment Counsel Inc. now owns 151 shares of the e-commerce giant’s stock worth $492,000 after purchasing an additional 5 shares during the period. Alterna Wealth Management Inc. lifted its position in shares of Amazon.com by 1.8% during the first quarter. Alterna Wealth Management Inc. now owns 289 shares of the e-commerce giant’s stock worth $942,000 after purchasing an additional 5 shares during the last quarter. Finally, Archetype Wealth Partners boosted its stake in shares of Amazon.com by 3.7% during the first quarter. Archetype Wealth Partners now owns 169 shares of the e-commerce giant’s stock valued at $552,000 after purchasing an additional 6 shares during the period. Institutional investors own 57.64% of the company’s stock.

Amazon.com Price Performance

Shares of AMZN opened at $96.32 on Wednesday. The firm has a 50-day simple moving average of $90.65 and a two-hundred day simple moving average of $109.96. The stock has a market cap of $982.62 billion, a PE ratio of 88.41, a P/E/G ratio of 3.06 and a beta of 1.22. Amazon.com, Inc. has a 1-year low of $81.43 and a 1-year high of $170.83. The company has a debt-to-equity ratio of 0.43, a current ratio of 0.94 and a quick ratio of 0.68.

Amazon.com (NASDAQ:AMZNGet Rating) last posted its earnings results on Thursday, October 27th. The e-commerce giant reported $0.20 earnings per share for the quarter, missing the consensus estimate of $0.22 by ($0.02). 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 analyst estimates of $127.47 billion. During the same quarter last year, the business posted $0.31 EPS. The firm’s revenue for the quarter was up 14.7% on a year-over-year basis. As a group, analysts forecast that Amazon.com, Inc. will post 0.68 EPS for the current year.

Analyst Upgrades and Downgrades

Several research analysts recently commented on the stock. MKM Partners reduced their price target on shares of Amazon.com from $145.00 to $125.00 and set a “buy” rating on the stock in a research note on Wednesday, January 18th. Moffett Nathanson began coverage on shares of Amazon.com in a research note on Tuesday, November 15th. They set an “outperform” rating and a $118.00 price target for the company. Telsey Advisory Group dropped their price objective on Amazon.com from $140.00 to $125.00 and set an “outperform” rating on the stock in a research note on Tuesday. New Street Research initiated coverage on Amazon.com in a research report on Wednesday, January 4th. They set a “buy” rating and a $130.00 target price for the company. Finally, Raymond James lowered their target price on Amazon.com from $164.00 to $130.00 and set an “outperform” rating for the company in a report on Friday, October 28th. Two investment analysts have rated the stock with a sell rating, three have given a hold rating and forty-two have assigned a buy rating to the company. According to data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $145.56.

Insider Activity at Amazon.com

In related news, CEO Douglas J. Herrington sold 15,787 shares of the firm’s stock in a transaction dated Tuesday, November 15th. The stock was sold at an average price of $103.10, for a total transaction of $1,627,639.70. Following the completion of the transaction, the chief executive officer now directly owns 522,251 shares in the company, valued at approximately $53,844,078.10. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. In other Amazon.com news, CEO Douglas J. Herrington sold 15,787 shares of the stock in a transaction that occurred on Tuesday, November 15th. The shares were sold at an average price of $103.10, for a total transaction of $1,627,639.70. Following the sale, the chief executive officer now directly owns 522,251 shares in the company, valued at approximately $53,844,078.10. The transaction was disclosed in a document filed with the SEC, which is available through this link. Also, CEO Adam Selipsky sold 345 shares of the business’s stock in a transaction 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 completion of the transaction, the chief executive officer now owns 112,795 shares of the company’s stock, valued at approximately $11,505,090. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 52,428 shares of company stock worth $5,077,578. 12.70% of the stock is currently owned by company insiders.

About Amazon.com

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Amazon.com, Inc is a multinational technology company, which engages in the provision of online retail shopping services. It operates through the following business segments: North America, International, and Amazon Web Services (AWS). The North America segment includes retail sales of consumer products and subscriptions through North American-focused websites such as www.amazon.com and www.amazon.ca.

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

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