Investment Advisory Group LLC Sells 184 Shares of Amazon.com, Inc. (NASDAQ:AMZN)

Investment Advisory Group LLC decreased its position in shares of Amazon.com, Inc. (NASDAQ:AMZN) by 0.8% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 22,350 shares of the e-commerce giant’s stock after selling 184 shares during the period. Amazon.com makes up 1.6% of Investment Advisory Group LLC’s holdings, making the stock its 18th biggest position. Investment Advisory Group LLC’s holdings in Amazon.com were worth $3,396,000 at the end of the most recent quarter.

Several other large investors have also recently added to or reduced their stakes in AMZN. LS Investment Advisors LLC increased its position in Amazon.com by 91.9% during the 3rd quarter. LS Investment Advisors LLC now owns 8,759 shares of the e-commerce giant’s stock worth $1,113,000 after buying an additional 4,195 shares during the period. Clarity Financial LLC increased its position in Amazon.com by 89.4% during the 3rd quarter. Clarity Financial LLC now owns 95,974 shares of the e-commerce giant’s stock worth $12,200,000 after buying an additional 45,290 shares during the period. Secure Asset Management LLC increased its position in shares of Amazon.com by 32.8% in the third quarter. Secure Asset Management LLC now owns 35,976 shares of the e-commerce giant’s stock worth $4,573,000 after purchasing an additional 8,893 shares during the period. Oak Thistle LLC raised its stake in Amazon.com by 252.3% in the third quarter. Oak Thistle LLC now owns 9,802 shares of the e-commerce giant’s stock valued at $1,246,000 after purchasing an additional 7,020 shares in the last quarter. Finally, Next Capital Management LLC raised its stake in Amazon.com by 82.0% in the third quarter. Next Capital Management LLC now owns 154,128 shares of the e-commerce giant’s stock valued at $19,593,000 after purchasing an additional 69,427 shares in the last quarter. Institutional investors own 72.20% of the company’s stock.

Amazon.com Stock Up 0.8 %

Amazon.com stock opened at $186.21 on Monday. The company has a quick ratio of 0.84, a current ratio of 1.07 and a debt-to-equity ratio of 0.27. Amazon.com, Inc. has a 12-month low of $103.31 and a 12-month high of $189.77. The firm’s fifty day moving average is $179.02 and its 200 day moving average is $160.75. The company has a market capitalization of $1.94 trillion, a PE ratio of 52.16, a PEG ratio of 1.38 and a beta of 1.15.

Amazon.com (NASDAQ:AMZN) last released its earnings results on Tuesday, April 30th. The e-commerce giant reported $0.98 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.83 by $0.15. Amazon.com had a net margin of 6.38% and a return on equity of 19.86%. The company had revenue of $143.31 billion for the quarter, compared to the consensus estimate of $142.65 billion. During the same quarter in the previous year, the company earned $0.31 EPS. Amazon.com’s quarterly revenue was up 12.5% compared to the same quarter last year. As a group, sell-side analysts predict that Amazon.com, Inc. will post 4.67 EPS for the current fiscal year.

Insider Activity at Amazon.com

In related news, CEO Adam Selipsky sold 500 shares of the business’s stock in a transaction on Thursday, April 4th. The shares were sold at an average price of $184.00, for a total transaction of $92,000.00. Following the transaction, the chief executive officer now owns 131,600 shares in the company, valued at approximately $24,214,400. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. In other Amazon.com news, VP Shelley Reynolds sold 3,100 shares of the company’s stock in a transaction on Wednesday, February 21st. The shares were sold at an average price of $168.97, for a total transaction of $523,807.00. Following the transaction, the vice president now owns 119,780 shares in the company, valued at $20,239,226.60. The transaction was disclosed in a filing with the SEC, which is accessible through this link. Also, CEO Adam Selipsky sold 500 shares of the company’s stock in a transaction on Thursday, April 4th. The stock was sold at an average price of $184.00, for a total transaction of $92,000.00. Following the transaction, the chief executive officer now owns 131,600 shares in the company, valued at approximately $24,214,400. The disclosure for this sale can be found here. Insiders have sold 32,217,010 shares of company stock worth $5,506,442,301 in the last quarter. Company insiders own 10.80% of the company’s stock.

Wall Street Analysts Forecast Growth

Several equities analysts have commented on the stock. The Goldman Sachs Group raised their target price on shares of Amazon.com from $220.00 to $225.00 and gave the company a “buy” rating in a report on Wednesday, May 1st. Truist Financial boosted their price objective on shares of Amazon.com from $216.00 to $220.00 and gave the company a “buy” rating in a research report on Wednesday, May 1st. JMP Securities reaffirmed a “market outperform” rating and issued a $225.00 target price on shares of Amazon.com in a report on Wednesday, May 1st. Piper Sandler boosted their price target on Amazon.com from $205.00 to $220.00 and gave the stock an “overweight” rating in a report on Wednesday, May 1st. Finally, Barclays raised their price objective on Amazon.com from $220.00 to $230.00 and gave the company an “overweight” rating in a research note on Wednesday, May 1st. One analyst has rated the stock with a hold rating, forty-four have given a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat, Amazon.com presently has an average rating of “Buy” and a consensus price target of $211.07.

About Amazon.com

Amazon.com, Inc engages in the retail sale of consumer products, advertising, and subscriptions service through online and physical stores in North America and internationally. The company operates through three segments: North America, International, and Amazon Web Services (AWS). It also manufactures and sells electronic devices, including Kindle, Fire tablets, Fire TVs, Echo, Ring, Blink, and eero; and develops and produces media content.