Amazon.com, Inc. (NASDAQ:AMZN) Stock Position Raised by Private Advisory Group LLC

Private Advisory Group LLC raised its position in Amazon.com, Inc. (NASDAQ:AMZN - Free Report) by 5.0% during the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 179,195 shares of the e-commerce giant's stock after buying an additional 8,595 shares during the period. Amazon.com comprises about 4.0% of Private Advisory Group LLC's portfolio, making the stock its 6th largest holding. Private Advisory Group LLC's holdings in Amazon.com were worth $33,389,000 at the end of the most recent reporting period.

Other institutional investors also recently bought and sold shares of the company. Watts Gwilliam & Co. LLC acquired a new position in shares of Amazon.com during the 3rd quarter worth approximately $6,056,000. LifePro Asset Management boosted its holdings in shares of Amazon.com by 74.3% during the 3rd quarter. LifePro Asset Management now owns 6,484 shares of the e-commerce giant's stock worth $1,208,000 after purchasing an additional 2,765 shares during the last quarter. Pinnacle Bancorp Inc. boosted its holdings in shares of Amazon.com by 19.3% during the 3rd quarter. Pinnacle Bancorp Inc. now owns 29,241 shares of the e-commerce giant's stock worth $5,448,000 after purchasing an additional 4,721 shares during the last quarter. Keeler & Nadler Financial Planning & Wealth Management boosted its holdings in shares of Amazon.com by 12.0% during the 3rd quarter. Keeler & Nadler Financial Planning & Wealth Management now owns 3,560 shares of the e-commerce giant's stock worth $663,000 after purchasing an additional 381 shares during the last quarter. Finally, Capital Insight Partners LLC boosted its holdings in shares of Amazon.com by 10.8% during the 3rd quarter. Capital Insight Partners LLC now owns 29,571 shares of the e-commerce giant's stock worth $5,510,000 after purchasing an additional 2,881 shares during the last quarter. 72.20% of the stock is currently owned by institutional investors and hedge funds.

Amazon.com Stock Down 0.9 %

AMZN stock traded down $1.87 during midday trading on Friday, reaching $208.18. 36,040,942 shares of the company were exchanged, compared to its average volume of 41,437,816. The company has a debt-to-equity ratio of 0.21, a quick ratio of 0.87 and a current ratio of 1.09. The stock's 50-day simple moving average is $187.83 and its 200 day simple moving average is $184.62. The company has a market cap of $2.19 trillion, a price-to-earnings ratio of 44.58, a price-to-earnings-growth ratio of 1.34 and a beta of 1.14. Amazon.com, Inc. has a 1-year low of $139.52 and a 1-year high of $212.25.

Amazon.com (NASDAQ:AMZN - Get Free Report) last announced its quarterly 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. Amazon.com had a net margin of 8.04% and a return on equity of 22.41%. 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 company earned $0.85 earnings per share. Amazon.com's quarterly revenue was up 11.0% compared to the same quarter last year. On average, equities analysts forecast that Amazon.com, Inc. will post 5.16 earnings per share for the current year.

Insider Transactions at Amazon.com

In other news, Director Jonathan Rubinstein sold 5,004 shares of Amazon.com stock in a transaction dated Friday, November 1st. The stock was sold at an average price of $199.85, for a total transaction of $1,000,049.40. Following the sale, the director now owns 99,396 shares in the company, valued at approximately $19,864,290.60. The trade was a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. In related news, Director Jonathan Rubinstein sold 5,004 shares of the firm's stock in a transaction dated Friday, November 1st. The stock was sold at an average price of $199.85, for a total transaction of $1,000,049.40. Following the transaction, the director now owns 99,396 shares of the company's stock, valued at $19,864,290.60. This trade represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through this link. Also, SVP David Zapolsky sold 2,190 shares of the firm's 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 transaction, the senior vice president now directly owns 62,420 shares in the company, valued at approximately $12,171,900. This represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 55,859 shares of company stock worth $10,215,097. Corporate insiders own 10.80% of the company's stock.

Analyst Ratings Changes

Several brokerages have recently weighed in on AMZN. Truist Financial boosted their target price on Amazon.com from $265.00 to $270.00 and gave the stock a "buy" rating in a report on Friday, November 1st. Deutsche Bank Aktiengesellschaft lifted their price target on shares of Amazon.com from $225.00 to $232.00 and gave the company a "buy" rating in a research 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 research report on Friday, November 1st. UBS Group lifted their price target on shares of Amazon.com from $220.00 to $223.00 and gave the company a "buy" rating in a research report on Monday, October 28th. Finally, Maxim Group lifted their price target on shares of Amazon.com from $251.00 to $260.00 and gave the company a "buy" rating in a research report on Friday, November 1st. Two 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 stock. Based on data from MarketBeat.com, Amazon.com presently has a consensus rating of "Moderate Buy" and a consensus target price of $234.55.

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.