Goodman Advisory Group LLC Boosts Stock Position in Amazon.com, Inc. $AMZN

Goodman Advisory Group LLC lifted its stake in Amazon.com, Inc. (NASDAQ:AMZN) by 1,814.9% in the 2nd quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 32,878 shares of the e-commerce giant’s stock after purchasing an additional 31,161 shares during the quarter. Amazon.com comprises about 2.5% of Goodman Advisory Group LLC’s holdings, making the stock its 11th largest holding. Goodman Advisory Group LLC’s holdings in Amazon.com were worth $7,213,000 as of its most recent filing with the SEC.

A number of other institutional investors have also recently added to or reduced their stakes in the stock. Kingstone Capital Partners Texas LLC grew its position in Amazon.com by 542,733.6% in the second quarter. Kingstone Capital Partners Texas LLC now owns 132,641,388 shares of the e-commerce giant’s stock worth $29,100,194,000 after acquiring an additional 132,616,953 shares during the period. Norges Bank acquired a new position in shares of Amazon.com in the 2nd quarter valued at $27,438,011,000. Nuveen LLC purchased a new position in shares of Amazon.com during the 1st quarter worth $11,674,091,000. Vanguard Group Inc. grew its holdings in shares of Amazon.com by 2.1% during the 2nd quarter. Vanguard Group Inc. now owns 849,721,601 shares of the e-commerce giant’s stock worth $186,420,422,000 after purchasing an additional 17,447,045 shares during the period. Finally, Laurel Wealth Advisors LLC increased its position in shares of Amazon.com by 22,085.8% during the 2nd quarter. Laurel Wealth Advisors LLC now owns 12,177,557 shares of the e-commerce giant’s stock worth $2,671,634,000 after purchasing an additional 12,122,668 shares during the last quarter. Hedge funds and other institutional investors own 72.20% of the company’s stock.

Analysts Set New Price Targets

A number of research analysts have commented on AMZN shares. Royal Bank Of Canada reaffirmed a “buy” rating and issued a $300.00 target price on shares of Amazon.com in a research report on Tuesday, December 2nd. Citigroup restated an “overweight” rating on shares of Amazon.com in a report on Wednesday, November 26th. JPMorgan Chase & Co. reiterated a “buy” rating and issued a $305.00 target price on shares of Amazon.com in a report on Friday. Roth Capital boosted their target price on Amazon.com from $250.00 to $270.00 and gave the company a “buy” rating in a research report on Friday, October 31st. Finally, Rothschild Redb lowered Amazon.com from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, November 18th. Two equities research analysts have rated the stock with a Strong Buy rating, fifty-six have issued a Buy rating and three have issued a Hold rating to the company. According to data from MarketBeat, Amazon.com currently has a consensus rating of “Moderate Buy” and a consensus target price of $295.43.

Amazon.com Stock Down 1.8%

Shares of NASDAQ AMZN opened at $226.19 on Friday. The stock has a market cap of $2.42 trillion, a P/E ratio of 31.95, a PEG ratio of 1.56 and a beta of 1.37. The business’s fifty day simple moving average is $229.35 and its 200-day simple moving average is $224.87. Amazon.com, Inc. has a 12-month low of $161.38 and a 12-month high of $258.60. The company has a current ratio of 1.01, a quick ratio of 0.80 and a debt-to-equity ratio of 0.14.

Amazon.com (NASDAQ:AMZN) last released its earnings results on Thursday, October 30th. The e-commerce giant reported $1.95 EPS for the quarter, topping the consensus estimate of $1.57 by $0.38. Amazon.com had a return on equity of 23.62% and a net margin of 11.06%.The firm had revenue of $180.17 billion during the quarter, compared to analysts’ expectations of $177.53 billion. During the same period in the previous year, the firm posted $1.43 EPS. Amazon.com’s revenue for the quarter was up 13.4% on a year-over-year basis. As a group, equities analysts predict that Amazon.com, Inc. will post 6.31 EPS for the current fiscal year.

Insider Activity

In other Amazon.com news, CEO Andrew R. Jassy sold 19,872 shares of the stock in a transaction that occurred on Friday, November 21st. The shares were sold at an average price of $216.94, for a total value of $4,311,031.68. Following the sale, the chief executive officer directly owned 2,208,310 shares of the company’s stock, valued at approximately $479,070,771.40. This represents a 0.89% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this link. Also, Director Daniel P. Huttenlocher sold 1,237 shares of the firm’s stock in a transaction on Thursday, November 20th. The shares were sold at an average price of $226.61, for a total transaction of $280,316.57. Following the completion of the sale, the director owned 26,148 shares in the company, valued at $5,925,398.28. The trade was a 4.52% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. In the last three months, insiders sold 82,234 shares of company stock valued at $19,076,767. 9.70% of the stock is owned by corporate insiders.

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.