Amazon.com, Inc. (NASDAQ:AMZN) is Stratos Wealth Advisors LLC's 10th Largest Position

Stratos Wealth Advisors LLC boosted its holdings in Amazon.com, Inc. (NASDAQ:AMZN - Free Report) by 5.4% during the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 139,673 shares of the e-commerce giant's stock after buying an additional 7,206 shares during the quarter. Amazon.com makes up about 1.2% of Stratos Wealth Advisors LLC's holdings, making the stock its 10th largest position. Stratos Wealth Advisors LLC's holdings in Amazon.com were worth $26,025,000 at the end of the most recent quarter.

Several other large investors have also recently bought and sold shares of the business. PayPay Securities Corp lifted its position in Amazon.com by 64.6% in the second quarter. PayPay Securities Corp now owns 163 shares of the e-commerce giant's stock valued at $32,000 after purchasing an additional 64 shares during the period. Hoese & Co LLP purchased a new position in shares of Amazon.com during the 3rd quarter worth approximately $37,000. Christopher J. Hasenberg Inc boosted its position in Amazon.com by 650.0% during the second quarter. Christopher J. Hasenberg Inc now owns 300 shares of the e-commerce giant's stock worth $58,000 after acquiring an additional 260 shares during the last quarter. Koesten Hirschmann & Crabtree INC. acquired a new stake in Amazon.com during the first quarter worth approximately $69,000. Finally, Innealta Capital LLC acquired a new stake in Amazon.com during the second quarter worth approximately $77,000. Hedge funds and other institutional investors own 72.20% of the company's stock.

Insider Activity

In other Amazon.com news, Director Daniel P. Huttenlocher sold 1,237 shares of the company's stock in a transaction that occurred on Tuesday, November 19th. The stock was sold at an average price of $199.06, for a total value of $246,237.22. Following the completion of the sale, the director now owns 24,912 shares of the company's stock, valued at $4,958,982.72. This represents a 4.73 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, CEO Andrew R. Jassy sold 20,784 shares of the company's stock in a transaction that occurred on Wednesday, August 21st. The stock was sold at an average price of $180.77, for a total value of $3,757,123.68. Following the completion of the sale, the chief executive officer now directly owns 2,056,534 shares of the company's stock, valued at approximately $371,759,651.18. This represents a 1.00 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 6,054,586 shares of company stock worth $1,256,749,526 over the last ninety days. Company insiders own 10.80% of the company's stock.

Wall Street Analysts Forecast Growth

A number of brokerages have weighed in on AMZN. Evercore ISI lifted their price target on shares of Amazon.com from $240.00 to $260.00 and gave the company an "outperform" rating in a report on Friday, November 1st. Rosenblatt Securities lifted their price target on shares of Amazon.com from $221.00 to $236.00 and gave the company a "buy" rating in a report on Friday, November 1st. Jefferies Financial Group lifted their price target on shares of Amazon.com from $225.00 to $235.00 and gave the company a "buy" rating in a report on Friday, November 1st. Sanford C. Bernstein lifted their price target on shares of Amazon.com from $225.00 to $235.00 and gave the company an "outperform" rating in a report on Friday, November 1st. Finally, The Goldman Sachs Group lifted their target price on shares of Amazon.com from $230.00 to $240.00 and gave the company a "buy" rating in a report on Friday, November 1st. Two equities research analysts have rated the stock with a hold rating, forty have assigned a buy rating and one has issued a strong buy rating to the company's stock. According to data from MarketBeat, the company has an average rating of "Moderate Buy" and a consensus target price of $235.45.

Amazon.com Stock Up 1.4 %

NASDAQ AMZN traded up $2.91 during mid-day trading on Tuesday, hitting $204.61. The company's stock had a trading volume of 30,921,727 shares, compared to its average volume of 41,560,453. The company has a current ratio of 1.09, a quick ratio of 0.87 and a debt-to-equity ratio of 0.21. The firm has a market capitalization of $2.15 trillion, a price-to-earnings ratio of 43.81, a PEG ratio of 1.36 and a beta of 1.14. The company's 50 day simple moving average is $192.19 and its 200 day simple moving average is $186.06. Amazon.com, Inc. has a twelve month low of $141.50 and a twelve month high of $215.90.

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, topping analysts' consensus estimates of $1.14 by $0.29. The company had revenue of $158.88 billion for the quarter, compared to analysts' expectations of $157.28 billion. Amazon.com had a return on equity of 22.41% and a net margin of 8.04%. The business's revenue for the quarter was up 11.0% compared to the same quarter last year. During the same period in the previous year, the business posted $0.85 EPS. Analysts anticipate 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.