RIA Advisory Group LLC Has $1.05 Million Stake in Amazon.com, Inc. (NASDAQ:AMZN)

RIA Advisory Group LLC grew its holdings in Amazon.com, Inc. (NASDAQ:AMZN) by 2.9% during the fourth quarter, Holdings Channel.com reports. The firm owned 6,933 shares of the e-commerce giant’s stock after acquiring an additional 197 shares during the period. RIA Advisory Group LLC’s holdings in Amazon.com were worth $1,053,000 at the end of the most recent reporting period.

Several other large investors also recently made changes to their positions in the business. PayPay Securities Corp boosted its position in Amazon.com by 54.3% in the 3rd quarter. PayPay Securities Corp now owns 267 shares of the e-commerce giant’s stock valued at $34,000 after buying an additional 94 shares during the last quarter. E Fund Management Hong Kong Co. Ltd. lifted its stake in shares of Amazon.com by 45.0% during the fourth quarter. E Fund Management Hong Kong Co. Ltd. now owns 277 shares of the e-commerce giant’s stock valued at $42,000 after acquiring an additional 86 shares during the period. Strid Group LLC bought a new position in Amazon.com in the fourth quarter valued at about $43,000. Bruce G. Allen Investments LLC acquired a new stake in Amazon.com in the fourth quarter worth about $57,000. Finally, Authentikos Wealth Advisory LLC bought a new stake in Amazon.com during the 3rd quarter worth about $49,000. Institutional investors own 72.20% of the company’s stock.

Amazon.com Stock Up 0.8 %

AMZN stock opened at $189.50 on Friday. Amazon.com, Inc. has a twelve month low of $108.05 and a twelve month high of $191.70. The company has a market cap of $1.97 trillion, a price-to-earnings ratio of 53.08, a P/E/G ratio of 1.35 and a beta of 1.15. The company has a quick ratio of 0.87, a current ratio of 1.07 and a debt-to-equity ratio of 0.27. The business has a 50 day moving average price of $179.90 and a two-hundred day moving average price of $161.81.

Amazon.com (NASDAQ:AMZN) last issued its earnings results on Tuesday, April 30th. The e-commerce giant reported $0.98 earnings per share for the quarter, topping 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 business had revenue of $143.31 billion for the quarter, compared to the consensus estimate of $142.65 billion. During the same period in the previous year, the company earned $0.31 earnings per share. The firm’s revenue for the quarter was up 12.5% on a year-over-year basis. Analysts anticipate that Amazon.com, Inc. will post 4.67 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

Several equities research analysts have recently commented on the stock. JMP Securities reiterated a “market outperform” rating and set a $225.00 price target on shares of Amazon.com in a research report on Wednesday, May 1st. Evercore ISI upped their target price on shares of Amazon.com from $220.00 to $225.00 and gave the company an “outperform” rating in a research report on Wednesday, May 1st. Maxim Group cut their price target on Amazon.com from $318.00 to $238.00 and set a “buy” rating on the stock in a research note on Wednesday, May 1st. Oppenheimer upped their price objective on Amazon.com from $210.00 to $220.00 and gave the company an “outperform” rating in a report on Wednesday, May 1st. Finally, Canaccord Genuity Group raised their target price on Amazon.com from $185.00 to $200.00 and gave the stock a “buy” rating in a report on Friday, February 2nd. One analyst has rated the stock with a hold rating, forty-four have issued a buy rating and one has issued a strong buy rating to the company. According to MarketBeat.com, Amazon.com currently has an average rating of “Buy” and a consensus target price of $211.62.

Insider Activity at Amazon.com

In other Amazon.com news, insider Jeffrey P. Bezos sold 5,998,849 shares of the business’s stock in a transaction that occurred on Monday, February 12th. The stock was sold at an average price of $173.27, for a total transaction of $1,039,420,566.23. Following the transaction, the insider now owns 964,256,421 shares of the company’s stock, valued at $167,076,710,066.67. The sale was disclosed in a document filed with the SEC, which is available through this link. In other Amazon.com news, CEO Douglas J. Herrington sold 14,300 shares of Amazon.com stock in a transaction on Monday, February 12th. The shares were sold at an average price of $175.00, for a total transaction of $2,502,500.00. Following the completion of the transaction, the chief executive officer now directly owns 499,831 shares of the company’s stock, valued at $87,470,425. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Also, insider Jeffrey P. Bezos sold 5,998,849 shares of the stock in a transaction dated Monday, February 12th. The shares were sold at an average price of $173.27, for a total transaction of $1,039,420,566.23. Following the completion of the transaction, the insider now directly owns 964,256,421 shares in the company, valued at $167,076,710,066.67. The disclosure for this sale can be found here. In the last ninety days, insiders sold 20,187,979 shares of company stock worth $3,440,575,337. Insiders own 10.80% of the company’s stock.

Amazon.com Company Profile

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.