Advisors Management Group Inc. ADV Purchases 3,073 Shares of Amazon.com, Inc. (NASDAQ:AMZN)

Advisors Management Group Inc. ADV raised its position in shares of Amazon.com, Inc. (NASDAQ:AMZN) by 1,982.6% during the second quarter, HoldingsChannel.com reports. The fund owned 3,228 shares of the e-commerce giant’s stock after buying an additional 3,073 shares during the quarter. Advisors Management Group Inc. ADV’s holdings in Amazon.com were worth $343,000 at the end of the most recent quarter.

Other institutional investors have also bought and sold shares of the company. Savior LLC raised its holdings in shares of Amazon.com by 1,085.0% during the second quarter. Savior LLC now owns 237 shares of the e-commerce giant’s stock valued at $25,000 after purchasing an additional 217 shares during the period. Rocky Mountain Advisers LLC raised its holdings in shares of Amazon.com by 1,311.8% during the second quarter. Rocky Mountain Advisers LLC now owns 240 shares of the e-commerce giant’s stock valued at $25,000 after purchasing an additional 223 shares during the period. Maryland Capital Advisors Inc. raised its holdings in shares of Amazon.com by 1,900.0% during the second quarter. Maryland Capital Advisors Inc. now owns 300 shares of the e-commerce giant’s stock valued at $32,000 after purchasing an additional 285 shares during the period. West Financial Advisors LLC raised its holdings in shares of Amazon.com by 1,584.2% during the second quarter. West Financial Advisors LLC now owns 320 shares of the e-commerce giant’s stock valued at $34,000 after purchasing an additional 301 shares during the period. Finally, Swaine & Leidel Wealth Services LLC acquired a new position in shares of Amazon.com during the first quarter valued at about $38,000. Institutional investors own 57.15% of the company’s stock.

Wall Street Analysts Forecast Growth

Several equities analysts have recently weighed in on the stock. Oppenheimer dropped their price objective on shares of Amazon.com from $165.00 to $130.00 and set an “outperform” rating on the stock in a report on Friday, October 28th. Erste Group Bank lowered shares of Amazon.com from a “buy” rating to a “hold” rating in a report on Friday, November 18th. Needham & Company LLC lowered their target price on shares of Amazon.com from $175.00 to $120.00 and set a “buy” rating on the stock in a report on Friday, October 28th. Royal Bank of Canada lowered their target price on shares of Amazon.com from $175.00 to $135.00 and set an “outperform” rating on the stock in a report on Friday, October 28th. Finally, Cowen lowered their target price on shares of Amazon.com from $195.00 to $150.00 and set an “outperform” rating on the stock in a report on Friday, October 28th. Two equities research analysts have rated the stock with a sell rating, three have issued a hold rating and forty-two have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, the company has an average rating of “Moderate Buy” and an average price target of $150.77.

Insiders Place Their Bets

In other news, Director Daniel P. Huttenlocher sold 1,720 shares of the firm’s stock in a transaction on Thursday, November 17th. The shares were sold at an average price of $95.70, for a total transaction of $164,604.00. Following the sale, the director now owns 22,440 shares in the company, valued at approximately $2,147,508. The transaction was disclosed in a filing with the SEC, which is accessible through this link. In other news, Director Daniel P. Huttenlocher sold 1,720 shares of the firm’s stock in a transaction on Thursday, November 17th. The shares were sold at an average price of $95.70, for a total transaction of $164,604.00. Following the sale, the director now owns 22,440 shares in the company, valued at approximately $2,147,508. The transaction was disclosed in a filing with the SEC, which is accessible through this link. Also, CEO Adam Selipsky sold 520 shares of the firm’s stock in a transaction on Wednesday, September 14th. The shares were sold at an average price of $127.43, for a total transaction of $66,263.60. Following the sale, the chief executive officer now owns 115,680 shares in the company, valued at approximately $14,741,102.40. The disclosure for this sale can be found here. Insiders have sold 269,412 shares of company stock worth $7,914,139 in the last three months. 12.70% of the stock is currently owned by corporate insiders.

Amazon.com Stock Performance

NASDAQ AMZN opened at $93.20 on Wednesday. Amazon.com, Inc. has a 1 year low of $85.87 and a 1 year high of $181.68. The company has a debt-to-equity ratio of 0.43, a current ratio of 0.94 and a quick ratio of 0.68. The stock has a market capitalization of $950.79 billion, a PE ratio of 85.54, a P/E/G ratio of 6.29 and a beta of 1.23. The company’s 50 day simple moving average is $109.13 and its two-hundred day simple moving average is $116.76.

Amazon.com (NASDAQ:AMZNGet Rating) last posted its earnings results on Thursday, October 27th. The e-commerce giant reported $0.28 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.22 by $0.06. Amazon.com had a net margin of 2.25% and a return on equity of 14.44%. The business had revenue of $127.10 billion for the quarter, compared to analysts’ expectations of $127.47 billion. During the same period in the prior year, the company posted $0.31 EPS. The business’s revenue for the quarter was up 14.7% compared to the same quarter last year. Analysts predict that Amazon.com, Inc. will post 0.74 earnings per share for the current fiscal year.

About Amazon.com

(Get Rating)

Amazon.com, Inc engages in the retail sale of consumer products and subscriptions in North America and internationally. The company operates through three segments: North America, International, and Amazon Web Services (AWS). It sells merchandise and content purchased for resale from third-party sellers through physical and online stores.

Featured Articles

Want to see what other hedge funds are holding AMZN? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Amazon.com, Inc. (NASDAQ:AMZNGet Rating).

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

Receive News & Ratings for Amazon.com Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Amazon.com and related companies with MarketBeat.com's FREE daily email newsletter.