Amazon.com, Inc. (NASDAQ:AMZN) Shares Bought by Powers Advisory Group LLC

Powers Advisory Group LLC increased its stake in Amazon.com, Inc. (NASDAQ:AMZN) by 2.2% in the 3rd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 5,487 shares of the e-commerce giant’s stock after purchasing an additional 120 shares during the quarter. Powers Advisory Group LLC’s holdings in Amazon.com were worth $1,022,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also recently bought and sold shares of AMZN. Vanguard Group Inc. boosted its stake in Amazon.com by 1.9% during the first quarter. Vanguard Group Inc. now owns 785,811,114 shares of the e-commerce giant’s stock valued at $141,744,609,000 after buying an additional 14,724,687 shares in the last quarter. Capital Research Global Investors lifted its holdings in Amazon.com by 8.5% in the 1st quarter. Capital Research Global Investors now owns 86,982,857 shares of the e-commerce giant’s stock valued at $15,689,968,000 after acquiring an additional 6,810,145 shares during the last quarter. Legal & General Group Plc boosted its position in shares of Amazon.com by 1.5% during the 2nd quarter. Legal & General Group Plc now owns 69,686,374 shares of the e-commerce giant’s stock valued at $13,466,933,000 after purchasing an additional 1,042,177 shares in the last quarter. Bank of New York Mellon Corp grew its stake in shares of Amazon.com by 0.4% in the 2nd quarter. Bank of New York Mellon Corp now owns 67,745,972 shares of the e-commerce giant’s stock worth $13,091,909,000 after purchasing an additional 289,532 shares during the last quarter. Finally, Capital International Investors lifted its stake in Amazon.com by 7.4% during the first quarter. Capital International Investors now owns 42,370,172 shares of the e-commerce giant’s stock valued at $7,642,732,000 after purchasing an additional 2,932,192 shares during the last quarter. Institutional investors own 72.20% of the company’s stock.

Wall Street Analysts Forecast Growth

Several research analysts have issued reports on the stock. Bank of America lifted their price target on shares of Amazon.com from $210.00 to $230.00 and gave the stock a “buy” rating in a research report on Friday, November 1st. Maxim Group upped their target price on Amazon.com from $251.00 to $260.00 and gave the company a “buy” rating in a report on Friday, November 1st. JPMorgan Chase & Co. boosted their price objective on Amazon.com from $230.00 to $250.00 and gave the stock an “overweight” rating in a report on Friday, November 1st. Susquehanna raised their target price on shares of Amazon.com from $220.00 to $230.00 and gave the stock a “positive” rating in a report on Friday, November 1st. Finally, Wells Fargo & Company restated an “equal weight” rating and set a $197.00 price target on shares of Amazon.com in a report on Wednesday. Two investment analysts have rated the stock with a hold rating, forty have issued a buy rating and one has assigned a strong buy rating to the company’s stock. Based on data from MarketBeat, Amazon.com has an average rating of “Moderate Buy” and a consensus target price of $235.77.

Amazon.com Price Performance

NASDAQ AMZN opened at $202.88 on Thursday. The company has a market cap of $2.13 trillion, a P/E ratio of 43.44, a P/E/G ratio of 1.36 and a beta of 1.14. Amazon.com, Inc. has a 1 year low of $141.50 and a 1 year high of $215.90. The company has a current ratio of 1.09, a quick ratio of 0.87 and a debt-to-equity ratio of 0.21. The company has a fifty day simple moving average of $192.56 and a 200 day simple moving average of $186.18.

Amazon.com (NASDAQ:AMZN) last released its quarterly earnings results on Thursday, October 31st. The e-commerce giant reported $1.43 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.14 by $0.29. The company had revenue of $158.88 billion during the quarter, compared to analysts’ expectations of $157.28 billion. Amazon.com had a net margin of 8.04% and a return on equity of 22.41%. The business’s quarterly revenue was up 11.0% compared to the same quarter last year. During the same period in the prior year, the company earned $0.85 earnings per share. On average, sell-side analysts predict that Amazon.com, Inc. will post 5.27 EPS for the current year.

Insider Activity at Amazon.com

In related news, CEO Douglas J. Herrington sold 5,502 shares of the company’s stock in a transaction on Friday, November 15th. The shares were sold at an average price of $205.81, for a total transaction of $1,132,366.62. Following the completion of the transaction, the chief executive officer now directly owns 518,911 shares in the company, valued at $106,797,072.91. This represents a 1.05 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, SVP David Zapolsky sold 2,190 shares of the stock in a transaction on Tuesday, September 24th. The shares were sold at an average price of $195.00, for a total transaction of $427,050.00. Following the completion of the sale, the senior vice president now directly owns 62,420 shares of the company’s stock, valued at approximately $12,171,900. This trade represents a 3.39 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 6,011,423 shares of company stock worth $1,249,093,896 in the last 90 days. 10.80% of the stock is owned by company insiders.

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.