Amazon.com, Inc. (NASDAQ:AMZN) Shares Acquired by Nations Financial Group Inc. IA ADV

Nations Financial Group Inc. IA ADV lifted its holdings in shares of Amazon.com, Inc. (NASDAQ:AMZN - Free Report) by 4.7% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 86,973 shares of the e-commerce giant's stock after buying an additional 3,877 shares during the quarter. Amazon.com makes up approximately 1.2% of Nations Financial Group Inc. IA ADV's investment portfolio, making the stock its 11th largest position. Nations Financial Group Inc. IA ADV's holdings in Amazon.com were worth $16,206,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also added to or reduced their stakes in the company. Laffer Tengler Investments Inc. raised its stake in Amazon.com by 7.2% in the 3rd quarter. Laffer Tengler Investments Inc. now owns 46,512 shares of the e-commerce giant's stock valued at $8,667,000 after purchasing an additional 3,142 shares during the last quarter. tru Independence LLC increased its stake in Amazon.com by 5.9% during the third quarter. tru Independence LLC now owns 3,643 shares of the e-commerce giant's stock worth $679,000 after acquiring an additional 202 shares during the last quarter. Buckingham Capital Management Inc. grew its holdings in shares of Amazon.com by 0.3% during the 3rd quarter. Buckingham Capital Management Inc. now owns 106,016 shares of the e-commerce giant's stock worth $19,754,000 after purchasing an additional 334 shares during the period. Jupiter Wealth Management LLC raised its stake in shares of Amazon.com by 3.9% in the 3rd quarter. Jupiter Wealth Management LLC now owns 29,666 shares of the e-commerce giant's stock valued at $5,528,000 after acquiring an additional 1,117 shares during the period. Finally, Venturi Wealth Management LLC lifted its stake in Amazon.com by 19.2% during the third quarter. Venturi Wealth Management LLC now owns 63,147 shares of the e-commerce giant's stock worth $11,766,000 after purchasing an additional 10,158 shares in the last quarter. 72.20% of the stock is owned by hedge funds and other institutional investors.

Amazon.com Trading Up 0.7 %

NASDAQ:AMZN traded up $1.63 during trading hours on Friday, reaching $224.92. 87,060,734 shares of the company were exchanged, compared to its average volume of 41,415,395. The firm has a market cap of $2.37 trillion, a price-to-earnings ratio of 48.16, a PEG ratio of 1.54 and a beta of 1.16. 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 stock has a 50 day simple moving average of $205.83 and a 200 day simple moving average of $191.38. Amazon.com, Inc. has a 52-week low of $144.05 and a 52-week high of $233.00.

Amazon.com (NASDAQ:AMZN - Get Free Report) last released its quarterly earnings data 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. Amazon.com had a return on equity of 22.41% and a net margin of 8.04%. The company had revenue of $158.88 billion for the quarter, compared to the consensus estimate of $157.28 billion. During the same period last year, the business posted $0.85 EPS. The company's quarterly revenue was up 11.0% compared to the same quarter last year. As a group, analysts predict that Amazon.com, Inc. will post 5.29 EPS for the current year.

Wall Street Analysts Forecast Growth

A number of research firms have issued reports on AMZN. BMO Capital Markets reiterated an "outperform" rating and set a $236.00 target price on shares of Amazon.com in a report on Tuesday, December 3rd. Susquehanna lifted their price target on shares of Amazon.com from $220.00 to $230.00 and gave the stock a "positive" rating in a research note on Friday, November 1st. Robert W. Baird raised their price objective on shares of Amazon.com from $220.00 to $260.00 and gave the stock an "outperform" rating in a research report on Friday, December 13th. DA Davidson reiterated a "buy" rating and issued a $235.00 price objective on shares of Amazon.com in a research report on Thursday, October 10th. Finally, Loop Capital increased their target price on Amazon.com from $225.00 to $275.00 and gave the stock a "buy" rating in a research note on Wednesday, November 6th. Two research analysts have rated the stock with a hold rating, forty-one have assigned a buy rating and one has assigned a strong buy rating to the company's stock. According to MarketBeat.com, Amazon.com presently has an average rating of "Moderate Buy" and a consensus price target of $243.00.

Insider Buying and Selling at Amazon.com

In related news, SVP David Zapolsky sold 2,190 shares of the firm's stock in a transaction on Tuesday, September 24th. The shares were sold at an average price of $195.00, for a total transaction of $427,050.00. Following the completion of the sale, the senior vice president now directly owns 62,420 shares of the company's stock, valued at approximately $12,171,900. This trade represents a 3.39 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, Director Daniel P. Huttenlocher sold 1,237 shares of Amazon.com stock in a transaction dated Tuesday, November 19th. The stock was sold at an average price of $199.06, for a total value of $246,237.22. Following the sale, the director now directly owns 24,912 shares in the company, valued at approximately $4,958,982.72. The trade was a 4.73 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 6,034,534 shares of company stock valued at $1,253,883,872 over the last three months. 10.80% of the stock is owned by company insiders.

About Amazon.com

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.