RIA Advisory Group LLC Raises Stock Position in Amazon.com, Inc. (NASDAQ:AMZN)

RIA Advisory Group LLC lifted its position in shares of Amazon.com, Inc. (NASDAQ:AMZN) by 2.9% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 6,933 shares of the e-commerce giant’s stock after acquiring an additional 197 shares during the quarter. RIA Advisory Group LLC’s holdings in Amazon.com were worth $1,053,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also modified their holdings of the company. Lake Hills Wealth Management LLC grew its holdings in shares of Amazon.com by 0.8% during the 4th quarter. Lake Hills Wealth Management LLC now owns 7,985 shares of the e-commerce giant’s stock worth $1,213,000 after purchasing an additional 65 shares during the period. Veery Capital LLC lifted its position in Amazon.com by 1.1% during the fourth quarter. Veery Capital LLC now owns 5,890 shares of the e-commerce giant’s stock valued at $895,000 after buying an additional 66 shares in the last quarter. Bellwether Advisors LLC grew its stake in Amazon.com by 2.3% during the fourth quarter. Bellwether Advisors LLC now owns 2,936 shares of the e-commerce giant’s stock worth $446,000 after buying an additional 66 shares during the period. StrategIQ Financial Group LLC raised its stake in shares of Amazon.com by 0.3% in the 4th quarter. StrategIQ Financial Group LLC now owns 23,259 shares of the e-commerce giant’s stock valued at $3,534,000 after acquiring an additional 66 shares during the period. Finally, Marion Wealth Management lifted its holdings in shares of Amazon.com by 1.6% during the 4th quarter. Marion Wealth Management now owns 4,321 shares of the e-commerce giant’s stock valued at $657,000 after acquiring an additional 67 shares in the last quarter. Institutional investors and hedge funds own 72.20% of the company’s stock.

Analyst Ratings Changes

Several research analysts have commented on AMZN shares. Stifel Nicolaus raised their price objective on Amazon.com from $224.00 to $228.00 and gave the company a “buy” rating in a research report on Wednesday, May 1st. Wedbush reissued an “outperform” rating and set a $225.00 price target on shares of Amazon.com in a research report on Wednesday, May 1st. Citigroup increased their price objective on shares of Amazon.com from $235.00 to $245.00 and gave the company a “buy” rating in a research report on Wednesday, May 1st. Wolfe Research lifted their price target on shares of Amazon.com from $195.00 to $205.00 and gave the stock an “outperform” rating in a research note on Friday, February 2nd. Finally, Raymond James upped their price objective on shares of Amazon.com from $200.00 to $205.00 and gave the company a “strong-buy” rating in a research report on Wednesday, May 1st. One analyst has rated the stock with a hold rating, forty-four have assigned a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat, Amazon.com presently has an average rating of “Buy” and an average target price of $211.62.

Amazon.com Stock Performance

Shares of AMZN opened at $189.50 on Friday. Amazon.com, Inc. has a 52-week low of $108.05 and a 52-week high of $191.70. The firm has a market capitalization of $1.97 trillion, a PE ratio of 53.08, a P/E/G ratio of 1.35 and a beta of 1.15. The firm has a 50-day moving average price of $179.90 and a 200 day moving average price of $161.81. The company has a quick ratio of 0.87, a current ratio of 1.07 and a debt-to-equity ratio of 0.27.

Amazon.com (NASDAQ:AMZN) last posted its quarterly earnings data on Tuesday, April 30th. The e-commerce giant reported $0.98 EPS for the quarter, beating analysts’ consensus estimates of $0.83 by $0.15. The business had revenue of $143.31 billion for the quarter, compared to analyst estimates of $142.65 billion. Amazon.com had a net margin of 6.38% and a return on equity of 19.86%. The business’s revenue for the quarter was up 12.5% on a year-over-year basis. During the same quarter last year, the business earned $0.31 earnings per share. On average, sell-side analysts anticipate that Amazon.com, Inc. will post 4.67 earnings per share for the current fiscal year.

Insider Transactions at Amazon.com

In related news, insider Jeffrey P. Bezos sold 5,998,849 shares of Amazon.com stock in a transaction dated Monday, February 12th. The stock was sold at an average price of $173.27, for a total transaction of $1,039,420,566.23. Following the transaction, the insider now directly owns 964,256,421 shares of the company’s stock, valued at $167,076,710,066.67. The transaction was disclosed in a filing with the SEC, which is available through this hyperlink. In related news, Director Keith Brian Alexander sold 1,000 shares of the firm’s stock in a transaction that occurred on Monday, May 6th. The shares were sold at an average price of $186.22, for a total transaction of $186,220.00. Following the completion of the sale, the director now directly owns 4,760 shares in the company, valued at $886,407.20. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Also, insider Jeffrey P. Bezos sold 5,998,849 shares of Amazon.com stock in a transaction that occurred on Monday, February 12th. The stock was sold at an average price of $173.27, for a total transaction of $1,039,420,566.23. Following the completion of the transaction, the insider now owns 964,256,421 shares in the company, valued at approximately $167,076,710,066.67. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 20,187,979 shares of company stock valued at $3,440,575,337. Corporate insiders own 10.80% of the company’s stock.

Amazon.com Company 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.