Annex Advisory Services LLC Increases Holdings in Amazon.com, Inc. (NASDAQ:AMZN)

Annex Advisory Services LLC grew its stake in shares of Amazon.com, Inc. (NASDAQ:AMZN - Free Report) by 13.1% during the third quarter, according to the company in its most recent disclosure with the SEC. The fund owned 213,475 shares of the e-commerce giant's stock after buying an additional 24,807 shares during the quarter. Amazon.com makes up 1.3% of Annex Advisory Services LLC's holdings, making the stock its 14th biggest holding. Annex Advisory Services LLC's holdings in Amazon.com were worth $39,777,000 as of its most recent filing with the SEC.

Several other institutional investors also recently modified their holdings of the stock. OMNI 360 Wealth Inc. grew its holdings in Amazon.com by 8.3% during the 1st quarter. OMNI 360 Wealth Inc. now owns 3,255 shares of the e-commerce giant's stock worth $587,000 after acquiring an additional 249 shares during the period. Valley National Advisers Inc. increased its holdings in Amazon.com by 2.0% in the first quarter. Valley National Advisers Inc. now owns 47,296 shares of the e-commerce giant's stock worth $8,531,000 after purchasing an additional 918 shares in the last quarter. Lake Street Private Wealth LLC lifted its stake in Amazon.com by 5.0% in the first quarter. Lake Street Private Wealth LLC now owns 83,009 shares of the e-commerce giant's stock valued at $14,973,000 after buying an additional 3,987 shares during the period. United Capital Management of KS Inc. boosted its holdings in shares of Amazon.com by 3.9% during the 1st quarter. United Capital Management of KS Inc. now owns 85,129 shares of the e-commerce giant's stock worth $15,356,000 after buying an additional 3,231 shares in the last quarter. Finally, Red Tortoise LLC increased its stake in shares of Amazon.com by 2.2% in the 1st quarter. Red Tortoise LLC now owns 4,249 shares of the e-commerce giant's stock valued at $766,000 after acquiring an additional 92 shares in the last quarter. 72.20% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Several research analysts recently issued reports on AMZN shares. Roth Mkm increased their target price on shares of Amazon.com from $210.00 to $215.00 and gave the stock a "buy" rating in a research note on Friday, August 2nd. Jefferies Financial Group increased their price target on Amazon.com from $225.00 to $235.00 and gave the stock a "buy" rating in a report on Friday, November 1st. Benchmark boosted their price objective on Amazon.com from $200.00 to $215.00 and gave the company a "buy" rating in a report on Friday, November 1st. Maxim Group increased their target price on Amazon.com from $251.00 to $260.00 and gave the stock a "buy" rating in a report on Friday, November 1st. Finally, Stifel Nicolaus upped their price objective on shares of Amazon.com from $224.00 to $245.00 and gave the stock 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 given a strong buy rating to the company's stock. Based on data from MarketBeat, Amazon.com currently has a consensus rating of "Moderate Buy" and a consensus price target of $234.55.

Amazon.com Trading Down 0.9 %

NASDAQ AMZN traded down $1.87 on Friday, hitting $208.18. The company's stock had a trading volume of 36,075,846 shares, compared to its average volume of 37,449,628. The company has a current ratio of 1.09, a quick ratio of 0.87 and a debt-to-equity ratio of 0.21. Amazon.com, Inc. has a 52-week low of $139.52 and a 52-week high of $212.25. The firm has a market cap of $2.19 trillion, a P/E ratio of 44.58, a PEG ratio of 1.40 and a beta of 1.14. The company's 50-day simple moving average is $187.83 and its 200 day simple moving average is $184.66.

Amazon.com (NASDAQ:AMZN - Get Free Report) last announced its earnings results on Thursday, October 31st. The e-commerce giant reported $1.43 earnings per share for the quarter, beating analysts' consensus estimates of $1.14 by $0.29. The firm had revenue of $158.88 billion for the quarter, compared to analyst estimates of $157.28 billion. Amazon.com had a net margin of 8.04% and a return on equity of 22.41%. The company's revenue for the quarter was up 11.0% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $0.85 EPS. Research analysts predict that Amazon.com, Inc. will post 5.24 EPS for the current fiscal year.

Insider Activity

In other news, Director Jonathan Rubinstein sold 5,004 shares of the company's stock in a transaction dated Friday, November 1st. The shares were sold at an average price of $199.85, for a total value of $1,000,049.40. Following the sale, the director now directly owns 99,396 shares of the company's stock, valued at $19,864,290.60. This represents a 0.00 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. In other news, SVP David Zapolsky sold 2,190 shares of Amazon.com stock in a transaction dated Tuesday, September 24th. The stock was sold at an average price of $195.00, for a total value of $427,050.00. Following the completion of the transaction, the senior vice president now owns 62,420 shares of the company's stock, valued at $12,171,900. The trade was a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Jonathan Rubinstein sold 5,004 shares of the stock in a transaction dated Friday, November 1st. The shares were sold at an average price of $199.85, for a total transaction of $1,000,049.40. Following the sale, the director now directly owns 99,396 shares in the company, valued at $19,864,290.60. This trade represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 55,859 shares of company stock worth $10,215,097 in the last quarter. 10.80% of the stock is owned by company insiders.

Amazon.com 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.