Nations Financial Group Inc. IA ADV Has $17.86 Million Stock Holdings in Amazon.com, Inc. $AMZN

Nations Financial Group Inc. IA ADV increased its stake in shares of Amazon.com, Inc. (NASDAQ:AMZNFree Report) by 9.0% in the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 81,318 shares of the e-commerce giant’s stock after buying an additional 6,686 shares during the quarter. Amazon.com accounts for 1.1% of Nations Financial Group Inc. IA ADV’s investment portfolio, making the stock its 13th largest holding. Nations Financial Group Inc. IA ADV’s holdings in Amazon.com were worth $17,855,000 as of its most recent filing with the Securities and Exchange Commission.

Several other large investors have also bought and sold shares of the stock. Cooksen Wealth LLC lifted its holdings in Amazon.com by 23.5% during the second quarter. Cooksen Wealth LLC now owns 247 shares of the e-commerce giant’s stock valued at $54,000 after purchasing an additional 47 shares during the last quarter. PayPay Securities Corp increased its stake in shares of Amazon.com by 62.3% in the third quarter. PayPay Securities Corp now owns 250 shares of the e-commerce giant’s stock worth $55,000 after purchasing an additional 96 shares in the last quarter. Access Investment Management LLC bought a new stake in shares of Amazon.com in the second quarter valued at approximately $74,000. Sagard Holdings Management Inc. purchased a new stake in shares of Amazon.com during the 2nd quarter valued at approximately $79,000. Finally, MJT & Associates Financial Advisory Group Inc. boosted its holdings in Amazon.com by 17.1% in the 2nd quarter. MJT & Associates Financial Advisory Group Inc. now owns 363 shares of the e-commerce giant’s stock worth $80,000 after buying an additional 53 shares during the period. 72.20% of the stock is currently owned by institutional investors.

Amazon.com Stock Down 1.8%

Shares of NASDAQ:AMZN opened at $238.62 on Wednesday. The stock’s 50-day moving average is $234.02 and its 200 day moving average is $229.94. The company has a market cap of $2.55 trillion, a PE ratio of 33.70, a P/E/G ratio of 1.52 and a beta of 1.37. The company has a debt-to-equity ratio of 0.14, a current ratio of 1.01 and a quick ratio of 0.80. Amazon.com, Inc. has a 1 year low of $161.38 and a 1 year high of $258.60.

Key Amazon.com News

Here are the key news stories impacting Amazon.com this week:

Insider Activity at Amazon.com

In other Amazon.com news, CEO Andrew R. Jassy sold 19,872 shares of Amazon.com stock in a transaction on Friday, November 21st. The stock was sold at an average price of $216.94, for a total transaction of $4,311,031.68. Following the completion of the transaction, the chief executive officer owned 2,208,310 shares in the company, valued at approximately $479,070,771.40. The trade was a 0.89% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CEO Douglas J. Herrington sold 4,784 shares of Amazon.com stock in a transaction dated Monday, November 17th. The stock was sold at an average price of $232.71, for a total transaction of $1,113,284.64. Following the completion of the transaction, the chief executive officer directly owned 498,182 shares of the company’s stock, valued at $115,931,933.22. This trade represents a 0.95% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold a total of 47,061 shares of company stock worth $10,351,262 over the last 90 days. 10.80% of the stock is currently owned by insiders.

Analyst Ratings Changes

A number of analysts recently issued reports on AMZN shares. The Goldman Sachs Group increased their price objective on Amazon.com from $290.00 to $300.00 and gave the stock a “buy” rating in a report on Wednesday, January 14th. Canaccord Genuity Group set a $300.00 price objective on shares of Amazon.com and gave the company a “buy” rating in a research report on Friday, October 31st. CICC Research boosted their price objective on shares of Amazon.com from $240.00 to $280.00 and gave the company an “outperform” rating in a research note on Wednesday, November 5th. Deutsche Bank Aktiengesellschaft increased their target price on shares of Amazon.com from $278.00 to $300.00 and gave the stock a “buy” rating in a research note on Friday, October 31st. Finally, Cantor Fitzgerald set a $260.00 price target on shares of Amazon.com and gave the company an “overweight” rating in a research report on Thursday, January 8th. One investment analyst has rated the stock with a Strong Buy rating, fifty-four have issued a Buy rating and four have issued a Hold rating to the company’s stock. According to data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average price target of $296.37.

Get Our Latest Stock Analysis on Amazon.com

Amazon.com Profile

(Free Report)

Amazon.com, Inc is a diversified technology and retail company best known for its e-commerce marketplace and broad portfolio of consumer and enterprise services. Founded by Jeff Bezos in 1994 and headquartered in Seattle, Washington, the company launched as an online bookseller and expanded into a global retail platform that sells products directly to consumers and provides a marketplace for third-party sellers. Over time Amazon has grown beyond retail into areas including cloud computing, digital media, devices and logistics.

Key businesses and offerings include Amazon’s online marketplace and fulfillment services, the Amazon Prime membership program (which bundles expedited shipping with streaming and other benefits), Amazon Web Services (AWS) which supplies on-demand cloud computing and storage to businesses and public-sector customers, and a range of content and advertising services such as Prime Video and Amazon Advertising.

Featured Stories

Institutional Ownership by Quarter for Amazon.com (NASDAQ:AMZN)

Receive News & Ratings for Amazon.com Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Amazon.com and related companies with MarketBeat.com's FREE daily email newsletter.