Amazon.com, Inc. $AMZN is ARS Wealth Advisors Group LLC’s 8th Largest Position

ARS Wealth Advisors Group LLC grew its position in shares of Amazon.com, Inc. (NASDAQ:AMZN) by 2.5% during the third quarter, HoldingsChannel reports. The institutional investor owned 156,440 shares of the e-commerce giant’s stock after purchasing an additional 3,849 shares during the period. Amazon.com comprises 3.4% of ARS Wealth Advisors Group LLC’s investment portfolio, making the stock its 8th largest position. ARS Wealth Advisors Group LLC’s holdings in Amazon.com were worth $34,349,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds also recently made changes to their positions in the company. Carderock Capital Management Inc. purchased a new position in shares of Amazon.com in the second quarter worth $27,000. Maryland Capital Advisors Inc. boosted its position in shares of Amazon.com by 81.9% during the second quarter. Maryland Capital Advisors Inc. now owns 211 shares of the e-commerce giant’s stock valued at $46,000 after buying an additional 95 shares during the last quarter. Ryan Investment Management Inc. bought a new stake in Amazon.com in the 2nd quarter worth about $48,000. Cooksen Wealth LLC raised its position in Amazon.com by 23.5% in the 2nd quarter. Cooksen Wealth LLC now owns 247 shares of the e-commerce giant’s stock worth $54,000 after buying an additional 47 shares during the last quarter. Finally, MJT & Associates Financial Advisory Group Inc. bought a new position in Amazon.com during the 1st quarter valued at about $59,000. Institutional investors own 72.20% of the company’s stock.

Amazon.com Price Performance

Shares of Amazon.com stock opened at $226.76 on Friday. The stock has a market cap of $2.42 trillion, a P/E ratio of 32.03, a P/E/G ratio of 1.52 and a beta of 1.37. The company has a debt-to-equity ratio of 0.14, a quick ratio of 0.80 and a current ratio of 1.01. The stock’s fifty day moving average is $229.30 and its 200 day moving average is $225.24. Amazon.com, Inc. has a one year low of $161.38 and a one year high of $258.60.

Amazon.com (NASDAQ:AMZN) last issued its quarterly earnings results on Thursday, October 30th. The e-commerce giant reported $1.95 EPS for the quarter, topping analysts’ consensus estimates of $1.57 by $0.38. Amazon.com had a return on equity of 23.62% and a net margin of 11.06%.The business had revenue of $180.17 billion during the quarter, compared to analysts’ expectations of $177.53 billion. During the same quarter in the prior year, the business posted $1.43 earnings per share. The business’s quarterly revenue was up 13.4% on a year-over-year basis. Sell-side analysts anticipate that Amazon.com, Inc. will post 6.31 earnings per share for the current year.

Analyst Ratings Changes

AMZN has been the subject of a number of research analyst reports. Bank of America lifted their price target on shares of Amazon.com from $272.00 to $303.00 and gave the stock a “buy” rating in a research note on Wednesday, December 3rd. Jefferies Financial Group restated a “buy” rating on shares of Amazon.com in a report on Monday, December 8th. Loop Capital lifted their target price on shares of Amazon.com from $300.00 to $360.00 and gave the stock a “buy” rating in a research report on Tuesday, November 18th. Arete Research increased their price target on Amazon.com from $248.00 to $253.00 and gave the company a “buy” rating in a report on Monday, October 27th. Finally, Citizens Jmp restated a “market outperform” rating and issued a $300.00 price target on shares of Amazon.com in a research note on Wednesday, December 3rd. Two analysts have rated the stock with a Strong Buy rating, fifty-six have issued a Buy rating and three have issued a Hold rating to the company. According to data from MarketBeat, Amazon.com has an average rating of “Moderate Buy” and a consensus price target of $295.50.

Insider Buying and Selling

In other Amazon.com news, CEO Andrew R. Jassy sold 19,872 shares of the firm’s stock in a transaction that occurred on Friday, November 21st. The shares were sold at an average price of $216.94, for a total transaction of $4,311,031.68. Following the sale, the chief executive officer owned 2,208,310 shares in the company, valued at approximately $479,070,771.40. This trade represents a 0.89% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Daniel P. Huttenlocher sold 1,237 shares of the company’s stock in a transaction that occurred on Thursday, November 20th. The stock was sold at an average price of $226.61, for a total transaction of $280,316.57. Following the completion of the transaction, the director owned 26,148 shares of the company’s stock, valued at approximately $5,925,398.28. The trade was a 4.52% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders sold a total of 82,234 shares of company stock worth $19,076,767 in the last ninety days. Corporate insiders own 9.70% of the company’s stock.

About Amazon.com

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.