Net Worth Advisory Group Takes Position in Amazon.com, Inc. (NASDAQ:AMZN)

Net Worth Advisory Group acquired a new stake in Amazon.com, Inc. (NASDAQ:AMZN - Free Report) during the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm acquired 12,720 shares of the e-commerce giant's stock, valued at approximately $2,370,000. Amazon.com accounts for approximately 0.7% of Net Worth Advisory Group's investment portfolio, making the stock its 20th largest holding.

Other institutional investors also recently bought and sold shares of the company. Precedent Wealth Partners LLC lifted its position in shares of Amazon.com by 2.6% in the third quarter. Precedent Wealth Partners LLC now owns 5,992 shares of the e-commerce giant's stock valued at $1,116,000 after acquiring an additional 154 shares in the last quarter. Stratos Investment Management LLC lifted its position in shares of Amazon.com by 58.9% in the third quarter. Stratos Investment Management LLC now owns 87,959 shares of the e-commerce giant's stock valued at $16,390,000 after acquiring an additional 32,604 shares in the last quarter. Stratos Wealth Advisors LLC lifted its position in shares of Amazon.com by 5.4% in the third quarter. Stratos Wealth Advisors LLC now owns 139,673 shares of the e-commerce giant's stock valued at $26,025,000 after acquiring an additional 7,206 shares in the last quarter. Stratos Wealth Partners LTD. lifted its position in shares of Amazon.com by 8.5% in the third quarter. Stratos Wealth Partners LTD. now owns 587,908 shares of the e-commerce giant's stock valued at $109,545,000 after acquiring an additional 46,057 shares in the last quarter. Finally, Pachira Investments Inc. lifted its position in shares of Amazon.com by 26.4% in the third quarter. Pachira Investments Inc. now owns 7,123 shares of the e-commerce giant's stock valued at $1,327,000 after acquiring an additional 1,489 shares in the last quarter. 72.20% of the stock is owned by institutional investors and hedge funds.

Insider Buying and Selling

In other Amazon.com news, CFO Brian T. Olsavsky sold 14,600 shares of Amazon.com stock in a transaction dated Wednesday, August 21st. The stock was sold at an average price of $180.00, for a total transaction of $2,628,000.00. Following the completion of the sale, the chief financial officer now directly owns 49,000 shares of the company's stock, valued at $8,820,000. The trade was a 22.96 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, Director Jonathan Rubinstein sold 4,766 shares of Amazon.com stock in a transaction dated Thursday, November 7th. The stock was sold at an average price of $209.85, for a total value of $1,000,145.10. Following the sale, the director now directly owns 94,630 shares of the company's stock, valued at $19,858,105.50. This trade represents a 4.79 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 6,054,586 shares of company stock valued at $1,256,749,526 in the last three months. 10.80% of the stock is owned by corporate insiders.

Amazon.com Stock Up 1.4 %

AMZN traded up $2.91 on Tuesday, hitting $204.61. 30,921,727 shares of the company were exchanged, compared to its average volume of 41,560,453. Amazon.com, Inc. has a twelve month low of $141.50 and a twelve month high of $215.90. The company has a market cap of $2.15 trillion, a price-to-earnings ratio of 43.81, a price-to-earnings-growth ratio of 1.36 and a beta of 1.14. 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 50-day moving average price of $192.19 and a two-hundred day moving average price of $186.06.

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 the consensus estimate of $1.14 by $0.29. Amazon.com had a return on equity of 22.41% and a net margin of 8.04%. The firm had revenue of $158.88 billion during the quarter, compared to analysts' expectations of $157.28 billion. During the same period in the previous year, the firm posted $0.85 EPS. Amazon.com's revenue for the quarter was up 11.0% on a year-over-year basis. On average, equities analysts predict that Amazon.com, Inc. will post 5.27 earnings per share for the current year.

Analyst Ratings Changes

AMZN has been the topic of several research reports. Deutsche Bank Aktiengesellschaft raised their target price on Amazon.com from $225.00 to $232.00 and gave the company a "buy" rating in a research report on Friday, November 1st. Benchmark lifted their price objective on Amazon.com from $200.00 to $215.00 and gave the stock a "buy" rating in a research report on Friday, November 1st. Jefferies Financial Group lifted their price objective on Amazon.com from $225.00 to $235.00 and gave the stock a "buy" rating in a research report on Friday, November 1st. Piper Sandler lifted their price objective on Amazon.com from $215.00 to $225.00 and gave the stock an "overweight" rating in a research report on Friday, November 1st. Finally, Pivotal Research started coverage on Amazon.com in a research report on Friday, October 11th. They set a "buy" rating and a $260.00 price objective on the stock. Two equities research analysts have rated the stock with a hold rating, forty have given a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat, the stock has an average rating of "Moderate Buy" and a consensus target price of $235.45.

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.