Amazon.com, Inc. (NASDAQ:AMZN) is Worth Financial Advisory Group LLC’s 5th Largest Position

Worth Financial Advisory Group LLC boosted its stake in shares of Amazon.com, Inc. (NASDAQ:AMZN) by 1.2% in the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 27,462 shares of the e-commerce giant’s stock after buying an additional 320 shares during the quarter. Amazon.com accounts for about 3.3% of Worth Financial Advisory Group LLC’s holdings, making the stock its 5th biggest holding. Worth Financial Advisory Group LLC’s holdings in Amazon.com were worth $3,580,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds also recently bought and sold shares of the stock. Vanguard Group Inc. boosted its stake in shares of Amazon.com by 1.8% in the third quarter. Vanguard Group Inc. now owns 701,550,877 shares of the e-commerce giant’s stock valued at $79,275,249,000 after purchasing an additional 12,456,995 shares during the period. State Street Corp lifted its stake in Amazon.com by 1.0% in the third quarter. State Street Corp now owns 329,849,003 shares of the e-commerce giant’s stock worth $37,272,937,000 after acquiring an additional 3,121,516 shares during the last quarter. Price T Rowe Associates Inc. MD lifted its stake in Amazon.com by 1,838.8% in the second quarter. Price T Rowe Associates Inc. MD now owns 311,971,394 shares of the e-commerce giant’s stock worth $33,134,481,000 after acquiring an additional 295,880,050 shares during the last quarter. FMR LLC lifted its stake in Amazon.com by 1,792.4% in the second quarter. FMR LLC now owns 286,047,356 shares of the e-commerce giant’s stock worth $30,381,089,000 after acquiring an additional 270,931,640 shares during the last quarter. Finally, Geode Capital Management LLC lifted its stake in Amazon.com by 2.3% in the first quarter. Geode Capital Management LLC now owns 165,309,180 shares of the e-commerce giant’s stock worth $17,031,683,000 after acquiring an additional 3,774,390 shares during the last quarter. Hedge funds and other institutional investors own 57.96% of the company’s stock.

Amazon.com Price Performance

Amazon.com stock opened at $137.00 on Thursday. The firm’s 50-day simple moving average is $132.22 and its 200 day simple moving average is $126.36. The firm has a market capitalization of $1.42 trillion, a PE ratio of 70.98, a P/E/G ratio of 1.90 and a beta of 1.24. Amazon.com, Inc. has a 52 week low of $81.43 and a 52 week high of $145.86. The company has a quick ratio of 0.74, a current ratio of 0.98 and a debt-to-equity ratio of 0.33.

Amazon.com (NASDAQ:AMZN) last posted its earnings results on Thursday, August 3rd. The e-commerce giant reported $0.63 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.34 by $0.29. The firm had revenue of $134.38 billion during the quarter, compared to the consensus estimate of $131.54 billion. Amazon.com had a net margin of 3.62% and a return on equity of 12.75%. On average, equities research analysts predict that Amazon.com, Inc. will post 2.45 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

A number of research analysts recently issued reports on AMZN shares. Rosenblatt Securities lifted their price target on shares of Amazon.com from $184.00 to $185.00 and gave the stock a “buy” rating in a research note on Friday, October 27th. Stifel Nicolaus started coverage on shares of Amazon.com in a research note on Tuesday, October 17th. They issued a “buy” rating and a $173.00 price target for the company. Loop Capital lifted their price target on shares of Amazon.com from $180.00 to $200.00 and gave the stock a “buy” rating in a research note on Wednesday, August 23rd. Truist Financial cut their price objective on shares of Amazon.com from $176.00 to $174.00 and set a “buy” rating on the stock in a report on Tuesday, October 17th. Finally, Credit Suisse Group raised their price objective on shares of Amazon.com from $176.00 to $189.00 and gave the stock an “outperform” rating in a report on Friday, August 4th. Two analysts have rated the stock with a hold rating and forty-three have issued a buy rating to the company’s stock. According to data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average price target of $169.00.

Insider Buying and Selling

In other Amazon.com news, CEO Adam Selipsky sold 500 shares of the company’s stock in a transaction that occurred on Thursday, October 19th. The stock was sold at an average price of $130.53, for a total value of $65,265.00. Following the completion of the transaction, the chief executive officer now owns 104,520 shares in the company, valued at approximately $13,642,995.60. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. In related news, CEO Douglas J. Herrington sold 4,000 shares of the company’s stock in a transaction that occurred on Monday, October 2nd. The stock was sold at an average price of $127.20, for a total transaction of $508,800.00. Following the sale, the chief executive officer now directly owns 522,316 shares of the company’s stock, valued at approximately $66,438,595.20. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, CEO Adam Selipsky sold 500 shares of the company’s stock in a transaction that occurred on Thursday, October 19th. The shares were sold at an average price of $130.53, for a total value of $65,265.00. Following the sale, the chief executive officer now directly owns 104,520 shares in the company, valued at $13,642,995.60. The disclosure for this sale can be found here. In the last quarter, insiders sold 1,404,645 shares of company stock valued at $54,674,088. 12.70% of the stock is currently owned by corporate insiders.

Amazon.com Company Profile

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