Amazon.com, Inc. (NASDAQ:AMZN) Holdings Lifted by Wealth Advisory Solutions LLC

Wealth Advisory Solutions LLC increased its stake in shares of Amazon.com, Inc. (NASDAQ:AMZN - Free Report) by 58.0% during the third quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 47,967 shares of the e-commerce giant's stock after buying an additional 17,616 shares during the quarter. Amazon.com comprises 2.5% of Wealth Advisory Solutions LLC's holdings, making the stock its 9th largest position. Wealth Advisory Solutions LLC's holdings in Amazon.com were worth $8,938,000 as of its most recent filing with the SEC.

Several other institutional investors and hedge funds have also recently modified their holdings of AMZN. Garrison Point Advisors LLC lifted its holdings in shares of Amazon.com by 0.3% in the 1st quarter. Garrison Point Advisors LLC now owns 20,375 shares of the e-commerce giant's stock valued at $3,675,000 after purchasing an additional 55 shares during the last quarter. Meridian Investment Counsel Inc. grew its position in Amazon.com by 1.8% during the 2nd quarter. Meridian Investment Counsel Inc. now owns 3,076 shares of the e-commerce giant's stock worth $594,000 after purchasing an additional 55 shares during the last quarter. O Connor Financial Group LLC raised its holdings in shares of Amazon.com by 2.2% in the third quarter. O Connor Financial Group LLC now owns 2,536 shares of the e-commerce giant's stock valued at $473,000 after buying an additional 55 shares during the last quarter. Cherrydale Wealth Management LLC boosted its stake in shares of Amazon.com by 0.7% during the third quarter. Cherrydale Wealth Management LLC now owns 7,492 shares of the e-commerce giant's stock worth $1,396,000 after buying an additional 55 shares during the period. Finally, O Dell Group LLC grew its holdings in shares of Amazon.com by 0.4% during the first quarter. O Dell Group LLC now owns 13,638 shares of the e-commerce giant's stock worth $2,460,000 after buying an additional 57 shares during the last quarter. Institutional investors and hedge funds own 72.20% of the company's stock.

Insider Activity at Amazon.com

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

Analysts Set New Price Targets

Several research analysts have weighed in on the company. Oppenheimer boosted their target price on Amazon.com from $220.00 to $230.00 and gave the company an "outperform" rating in a report on Friday, November 1st. JPMorgan Chase & Co. increased their price target on shares of Amazon.com from $230.00 to $250.00 and gave the stock an "overweight" rating in a report on Friday, November 1st. Cantor Fitzgerald reissued an "overweight" rating and set a $230.00 target price on shares of Amazon.com in a research note on Monday, October 7th. Wells Fargo & Company reaffirmed an "equal weight" rating and set a $197.00 price objective on shares of Amazon.com in a report on Wednesday. Finally, Benchmark boosted their target price on shares of Amazon.com from $200.00 to $215.00 and gave the stock a "buy" rating in a research report on Friday, November 1st. Two 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. According to MarketBeat.com, the company has an average rating of "Moderate Buy" and an average price target of $235.77.

Amazon.com Stock Performance

Shares of AMZN traded down $1.23 during trading hours on Friday, reaching $197.15. 7,491,490 shares of the company's stock traded hands, compared to its average volume of 41,448,922. Amazon.com, Inc. has a twelve month low of $142.81 and a twelve month high of $215.90. The business's fifty day simple moving average is $192.79 and its two-hundred day simple moving average is $186.26. The company has a debt-to-equity ratio of 0.21, a current ratio of 1.09 and a quick ratio of 0.87. The firm has a market capitalization of $2.07 trillion, a price-to-earnings ratio of 42.55, a P/E/G ratio of 1.37 and a beta of 1.14.

Amazon.com (NASDAQ:AMZN - Get Free Report) last released its earnings results on Thursday, October 31st. The e-commerce giant reported $1.43 EPS for the quarter, beating the consensus estimate of $1.14 by $0.29. The firm had revenue of $158.88 billion for 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%. Amazon.com's quarterly revenue was up 11.0% on a year-over-year basis. During the same quarter last year, the company earned $0.85 EPS. Analysts predict that Amazon.com, Inc. will post 5.27 earnings per share for the current year.

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.