AdviceOne Advisory Services LLC boosted its position in Amazon.com, Inc. (NASDAQ:AMZN – Free Report) by 33.7% during the second quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 1,463 shares of the e-commerce giant’s stock after acquiring an additional 369 shares during the period. Amazon.com accounts for 0.2% of AdviceOne Advisory Services LLC’s investment portfolio, making the stock its 23rd biggest position. AdviceOne Advisory Services LLC’s holdings in Amazon.com were worth $321,000 at the end of the most recent reporting period.
Several other institutional investors and hedge funds have also recently modified their holdings of AMZN. Brighton Jones LLC lifted its position in shares of Amazon.com by 10.9% in the 4th quarter. Brighton Jones LLC now owns 4,036,091 shares of the e-commerce giant’s stock worth $885,478,000 after purchasing an additional 397,007 shares during the period. Revolve Wealth Partners LLC lifted its position in Amazon.com by 4.1% during the 4th quarter. Revolve Wealth Partners LLC now owns 25,045 shares of the e-commerce giant’s stock valued at $5,495,000 after acquiring an additional 986 shares during the period. Bank Pictet & Cie Europe AG lifted its position in Amazon.com by 2.8% during the 4th quarter. Bank Pictet & Cie Europe AG now owns 2,016,869 shares of the e-commerce giant’s stock valued at $442,481,000 after acquiring an additional 54,987 shares during the period. Highview Capital Management LLC DE lifted its position in Amazon.com by 5.5% during the 4th quarter. Highview Capital Management LLC DE now owns 28,975 shares of the e-commerce giant’s stock valued at $6,357,000 after acquiring an additional 1,518 shares during the period. Finally, Liberty Square Wealth Partners LLC purchased a new position in Amazon.com during the 4th quarter valued at about $2,153,000. 72.20% of the stock is owned by hedge funds and other institutional investors.
Amazon.com Stock Performance
Shares of AMZN stock opened at $244.22 on Friday. The company has a 50 day moving average price of $225.49 and a 200-day moving average price of $216.08. Amazon.com, Inc. has a 52 week low of $161.38 and a 52 week high of $250.50. The firm has a market capitalization of $2.60 trillion, a PE ratio of 37.23, a P/E/G ratio of 1.52 and a beta of 1.28. The company has a quick ratio of 0.81, a current ratio of 1.02 and a debt-to-equity ratio of 0.15.
Wall Street Analysts Forecast Growth
A number of research analysts recently issued reports on the stock. Jefferies Financial Group reissued a “buy” rating on shares of Amazon.com in a research report on Monday, October 20th. TD Cowen raised their price objective on shares of Amazon.com from $255.00 to $300.00 and gave the company a “buy” rating in a research note on Friday. Arete raised their price objective on shares of Amazon.com from $248.00 to $253.00 and gave the company a “buy” rating in a research note on Monday, October 27th. KeyCorp raised their price objective on shares of Amazon.com from $300.00 to $303.00 and gave the company an “overweight” rating in a research note on Friday. Finally, Royal Bank Of Canada restated an “outperform” rating on shares of Amazon.com in a research note on Friday. Three research analysts have rated the stock with a Strong Buy rating, forty-nine have given a Buy rating, one has issued a Hold rating and one has given a Sell rating to the company. Based on data from MarketBeat.com, Amazon.com currently has a consensus rating of “Buy” and an average target price of $289.88.
Read Our Latest Analysis on AMZN
Insider Transactions at Amazon.com
In other news, CEO Matthew S. Garman sold 17,785 shares of Amazon.com stock in a transaction that occurred on Thursday, August 21st. The shares were sold at an average price of $221.57, for a total value of $3,940,622.45. Following the completion of the sale, the chief executive officer directly owned 3,138 shares in the company, valued at $695,286.66. The trade was a 85.00% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, CEO Douglas J. Herrington sold 2,500 shares of Amazon.com stock in a transaction that occurred on Wednesday, October 1st. The stock was sold at an average price of $217.10, for a total transaction of $542,750.00. Following the completion of the sale, the chief executive officer owned 515,507 shares of the company’s stock, valued at $111,916,569.70. This represents a 0.48% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Over the last three months, insiders sold 95,411 shares of company stock valued at $21,222,702. Company insiders own 9.70% 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.
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