Financial Advisory Group boosted its position in Amazon.com, Inc. (NASDAQ:AMZN) by 2.1% during the third quarter, Holdings Channel reports. The institutional investor owned 532 shares of the e-commerce giant’s stock after purchasing an additional 11 shares during the quarter. Financial Advisory Group’s holdings in Amazon.com were worth $1,748,000 as of its most recent SEC filing.
Other institutional investors have also recently made changes to their positions in the company. Sphinx Trading LP bought a new position in Amazon.com in the third quarter valued at approximately $30,000. Lion Street Advisors LLC bought a new stake in Amazon.com in the 2nd quarter valued at $52,000. Lountzis Asset Management LLC boosted its stake in Amazon.com by 60.0% in the 3rd quarter. Lountzis Asset Management LLC now owns 16 shares of the e-commerce giant’s stock valued at $53,000 after purchasing an additional 6 shares during the period. True Link Financial Advisors LLC bought a new stake in Amazon.com in the 2nd quarter valued at $72,000. Finally, Dark Forest Capital Management LP bought a new stake in Amazon.com in the 2nd quarter valued at $96,000. 56.96% of the stock is currently owned by institutional investors and hedge funds.
NASDAQ AMZN opened at $3,242.76 on Friday. The stock’s 50-day simple moving average is $3,438.21 and its two-hundred day simple moving average is $3,427.83. Amazon.com, Inc. has a twelve month low of $2,881.00 and a twelve month high of $3,773.08. The company has a quick ratio of 0.87, a current ratio of 1.12 and a debt-to-equity ratio of 0.42. The company has a market capitalization of $1.64 trillion, a price-to-earnings ratio of 63.43, a PEG ratio of 2.62 and a beta of 1.10.
AMZN has been the subject of several recent research reports. The Goldman Sachs Group reduced their price target on Amazon.com from $4,250.00 to $4,100.00 and set a “buy” rating for the company in a research note on Friday, October 29th. Credit Suisse Group dropped their price objective on Amazon.com from $4,200.00 to $4,100.00 and set an “outperform” rating for the company in a report on Friday, October 29th. Telsey Advisory Group lowered their price target on Amazon.com from $4,000.00 to $3,850.00 and set an “outperform” rating for the company in a report on Friday, October 29th. Cowen upped their target price on Amazon.com from $4,300.00 to $4,500.00 and gave the stock an “outperform” rating in a report on Monday, December 13th. Finally, JPMorgan Chase & Co. upped their price target on Amazon.com from $4,100.00 to $4,350.00 and gave the company an “overweight” rating in a research report on Friday, October 29th. Forty research analysts have rated the stock with a buy rating, According to data from MarketBeat, the company currently has an average rating of “Buy” and an average target price of $4,201.88.
In related news, SVP David Zapolsky sold 954 shares of the firm’s stock in a transaction dated Monday, November 15th. The stock was sold at an average price of $3,537.00, for a total value of $3,374,298.00. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, Director Jonathan Rubinstein sold 271 shares of the firm’s stock in a transaction dated Thursday, November 18th. The stock was sold at an average price of $3,700.00, for a total value of $1,002,700.00. The disclosure for this sale can be found here. Insiders have sold 86,314 shares of company stock worth $292,824,570 in the last 90 days. Company insiders own 14.00% of the company’s stock.
Amazon.com, Inc engages in the provision of online retail shopping services. It operates through the following business segments: North America, International, and Amazon Web Services (AWS). The North America segment includes retail sales of consumer products and subscriptions through North America-focused websites such as www.amazon.com and www.amazon.ca.
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