Financial Advisory Group Has $1.75 Million Stock Holdings in Amazon.com, Inc. (NASDAQ:AMZN)

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.

Amazon.com (NASDAQ:AMZN) last released its quarterly earnings results on Wednesday, October 27th. The e-commerce giant reported $6.12 earnings per share for the quarter, missing the Zacks’ consensus estimate of $9.10 by ($2.98). Amazon.com had a net margin of 5.73% and a return on equity of 24.31%. The firm had revenue of $110.81 billion for the quarter, compared to analysts’ expectations of $111.66 billion. During the same quarter in the previous year, the business earned $12.37 EPS. The company’s revenue for the quarter was up 15.3% on a year-over-year basis. On average, equities analysts expect that Amazon.com, Inc. will post 40.79 earnings per share for the current fiscal year.

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.

About Amazon.com

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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Institutional Ownership by Quarter for Amazon.com (NASDAQ:AMZN)

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