ARS Wealth Advisors Group LLC Raises Stock Position in Amazon.com, Inc. $AMZN

ARS Wealth Advisors Group LLC boosted its stake in Amazon.com, Inc. (NASDAQ:AMZN) by 2.6% in the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 160,562 shares of the e-commerce giant’s stock after purchasing an additional 4,122 shares during the period. Amazon.com comprises approximately 3.3% of ARS Wealth Advisors Group LLC’s investment portfolio, making the stock its 7th biggest position. ARS Wealth Advisors Group LLC’s holdings in Amazon.com were worth $37,061,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. American Capital Advisory LLC increased its position in shares of Amazon.com by 63.9% during the 3rd quarter. American Capital Advisory LLC now owns 8,081 shares of the e-commerce giant’s stock valued at $1,774,000 after purchasing an additional 3,152 shares during the last quarter. Compagnie Lombard Odier SCmA bought a new stake in shares of Amazon.com during the 3rd quarter worth $451,642,000. DJE Kapital AG boosted its holdings in shares of Amazon.com by 12.3% in the 2nd quarter. DJE Kapital AG now owns 1,037,443 shares of the e-commerce giant’s stock worth $229,890,000 after buying an additional 113,345 shares during the last quarter. Baltimore Washington Financial Advisors Inc. grew its position in Amazon.com by 1.9% during the third quarter. Baltimore Washington Financial Advisors Inc. now owns 239,862 shares of the e-commerce giant’s stock valued at $52,667,000 after buying an additional 4,558 shares during the period. Finally, Bridgewater Advisors Inc. grew its position in Amazon.com by 3.4% during the second quarter. Bridgewater Advisors Inc. now owns 69,188 shares of the e-commerce giant’s stock valued at $15,983,000 after buying an additional 2,275 shares during the period. 72.20% of the stock is owned by institutional investors and hedge funds.

Key Amazon.com News

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

Analyst Ratings Changes

Several brokerages have commented on AMZN. DZ Bank raised shares of Amazon.com to a “strong-buy” rating in a research report on Friday, February 6th. Jefferies Financial Group reissued a “buy” rating on shares of Amazon.com in a research report on Monday, March 23rd. Sanford C. Bernstein restated an “outperform” rating on shares of Amazon.com in a research note on Friday, February 6th. Citizens Jmp lifted their price target on shares of Amazon.com from $300.00 to $315.00 and gave the stock an “outperform” rating in a report on Monday, February 2nd. Finally, Wolfe Research dropped their price objective on Amazon.com from $255.00 to $250.00 and set an “outperform” rating on the stock in a research note on Thursday, March 19th. One investment analyst has rated the stock with a Strong Buy rating, fifty-three have issued a Buy rating and four have given a Hold rating to the company’s stock. According to data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average target price of $286.66.

Get Our Latest Report on Amazon.com

Insider Buying and Selling

In other Amazon.com news, CEO Matthew S. Garman sold 17,751 shares of Amazon.com stock in a transaction dated Monday, February 23rd. The stock was sold at an average price of $205.22, for a total transaction of $3,642,860.22. Following the completion of the transaction, the chief executive officer owned 9,405 shares of the company’s stock, valued at $1,930,094.10. The trade was a 65.37% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, CEO Andrew R. Jassy sold 19,872 shares of the company’s stock in a transaction dated Monday, February 23rd. The shares were sold at an average price of $205.18, for a total value of $4,077,336.96. Following the sale, the chief executive officer owned 2,238,118 shares in the company, valued at approximately $459,217,051.24. This represents a 0.88% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders sold 71,686 shares of company stock valued at $14,688,739 in the last 90 days. Corporate insiders own 10.80% of the company’s stock.

Amazon.com Price Performance

AMZN opened at $199.34 on Monday. Amazon.com, Inc. has a 12 month low of $161.38 and a 12 month high of $258.60. The company has a market cap of $2.14 trillion, a PE ratio of 27.80, a price-to-earnings-growth ratio of 1.49 and a beta of 1.40. The company has a current ratio of 1.05, a quick ratio of 0.88 and a debt-to-equity ratio of 0.16. The company has a 50 day moving average of $216.42 and a 200 day moving average of $225.07.

Amazon.com (NASDAQ:AMZNGet Free Report) last issued its earnings results on Thursday, February 5th. The e-commerce giant reported $1.95 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.97 by ($0.02). The business had revenue of $213.39 billion for the quarter, compared to the consensus estimate of $211.02 billion. Amazon.com had a net margin of 10.83% and a return on equity of 21.87%. The company’s revenue was up 13.6% compared to the same quarter last year. During the same period in the previous year, the firm earned $1.86 EPS. On average, sell-side analysts expect that Amazon.com, Inc. will post 6.31 EPS for the current year.

About Amazon.com

(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.

See Also

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

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