Amazon.com, Inc. (NASDAQ:AMZN) Shares Acquired by Armstrong Advisory Group Inc.

Armstrong Advisory Group Inc. increased its position in shares of Amazon.com, Inc. (NASDAQ:AMZN) by 0.6% during the third quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 33,429 shares of the e-commerce giant’s stock after acquiring an additional 192 shares during the period. Armstrong Advisory Group Inc.’s holdings in Amazon.com were worth $6,229,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also recently bought and sold shares of the business. Wealthstar Advisors LLC raised its position in shares of Amazon.com by 3.5% during the first quarter. Wealthstar Advisors LLC now owns 16,126 shares of the e-commerce giant’s stock worth $2,909,000 after purchasing an additional 546 shares during the period. First Trust Direct Indexing L.P. increased its stake in Amazon.com by 19.7% in the 1st quarter. First Trust Direct Indexing L.P. now owns 212,144 shares of the e-commerce giant’s stock worth $38,267,000 after purchasing an additional 34,913 shares in the last quarter. Accel Wealth Management raised its holdings in Amazon.com by 12.8% during the 1st quarter. Accel Wealth Management now owns 29,473 shares of the e-commerce giant’s stock worth $5,316,000 after buying an additional 3,349 shares during the period. Core Wealth Partners LLC lifted its stake in Amazon.com by 1.7% during the first quarter. Core Wealth Partners LLC now owns 17,611 shares of the e-commerce giant’s stock valued at $3,177,000 after buying an additional 300 shares in the last quarter. Finally, Spinnaker Investment Group LLC lifted its stake in Amazon.com by 12.7% during the first quarter. Spinnaker Investment Group LLC now owns 4,921 shares of the e-commerce giant’s stock valued at $888,000 after buying an additional 553 shares in the last quarter. 72.20% of the stock is currently owned by institutional investors.

Insider Activity

In other news, CEO Andrew R. Jassy sold 20,784 shares of the firm’s stock in a transaction on Wednesday, August 21st. The shares were sold at an average price of $180.77, for a total value of $3,757,123.68. Following the sale, the chief executive officer now owns 2,056,534 shares in the company, valued at approximately $371,759,651.18. This trade represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. In other Amazon.com news, CEO Andrew R. Jassy sold 20,784 shares of the stock in a transaction on Wednesday, August 21st. The shares were sold at an average price of $180.77, for a total value of $3,757,123.68. Following the completion of the sale, the chief executive officer now directly owns 2,056,534 shares of the company’s stock, valued at $371,759,651.18. This represents a 0.00 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, SVP David Zapolsky sold 2,190 shares of the business’s stock in a transaction dated Tuesday, September 24th. The stock was sold at an average price of $195.00, for a total transaction of $427,050.00. Following the transaction, the senior vice president now owns 62,420 shares in the company, valued at approximately $12,171,900. The trade was a 0.00 % decrease in their position. The disclosure for this sale can be found here. Over the last three months, insiders sold 55,859 shares of company stock valued at $10,215,097. 10.80% of the stock is owned by company insiders.

Analysts Set New Price Targets

A number of equities research analysts have recently issued reports on the stock. Sanford C. Bernstein boosted their price target on shares of Amazon.com from $225.00 to $235.00 and gave the company an “outperform” rating in a report on Friday, November 1st. Scotiabank boosted their target price on shares of Amazon.com from $245.00 to $246.00 and gave the company a “sector outperform” rating in a research note on Friday, November 1st. Benchmark increased their target price on Amazon.com from $200.00 to $215.00 and gave the company a “buy” rating in a report on Friday, November 1st. Roth Mkm lifted their price target on Amazon.com from $210.00 to $215.00 and gave the company a “buy” rating in a report on Friday, August 2nd. Finally, Needham & Company LLC reissued a “buy” rating and issued a $210.00 price objective on shares of Amazon.com in a research note on Friday, November 1st. Two research analysts have rated the stock with a hold rating, forty have given a buy rating and one has assigned a strong buy rating to the company’s stock. According to MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $234.55.

Amazon.com Stock Down 0.9 %

AMZN stock opened at $208.18 on Monday. The stock has a market capitalization of $2.19 trillion, a price-to-earnings ratio of 44.58, a price-to-earnings-growth ratio of 1.40 and a beta of 1.14. The company has a 50-day moving average of $187.83 and a two-hundred day moving average of $184.66. Amazon.com, Inc. has a 52-week low of $139.52 and a 52-week high of $212.25. The company has a debt-to-equity ratio of 0.21, a current ratio of 1.09 and a quick ratio of 0.87.

Amazon.com (NASDAQ:AMZN) last posted its quarterly earnings data on Thursday, October 31st. The e-commerce giant reported $1.43 earnings per share for the quarter, topping the consensus estimate of $1.14 by $0.29. The business had revenue of $158.88 billion during the quarter, compared to analysts’ expectations of $157.28 billion. Amazon.com had a return on equity of 22.41% and a net margin of 8.04%. The firm’s revenue was up 11.0% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $0.85 EPS. As a group, equities research analysts anticipate that Amazon.com, Inc. will post 5.24 EPS for the current year.

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.