Beacon Investment Advisory Services Inc. Grows Stock Holdings in Amazon.com, Inc. (NASDAQ:AMZN)

Beacon Investment Advisory Services Inc. increased its position in Amazon.com, Inc. (NASDAQ:AMZN) by 3.7% in the third quarter, Holdings Channel.com reports. The fund owned 88,166 shares of the e-commerce giant’s stock after purchasing an additional 3,169 shares during the period. Beacon Investment Advisory Services Inc.’s holdings in Amazon.com were worth $9,963,000 as of its most recent SEC filing.

Other hedge funds also recently added to or reduced their stakes in the company. Savior LLC grew its position in Amazon.com by 1,085.0% in the 2nd quarter. Savior LLC now owns 237 shares of the e-commerce giant’s stock worth $25,000 after purchasing an additional 217 shares during the period. Rocky Mountain Advisers LLC grew its position in Amazon.com by 1,311.8% in the 2nd quarter. Rocky Mountain Advisers LLC now owns 240 shares of the e-commerce giant’s stock worth $25,000 after purchasing an additional 223 shares during the period. Iron Horse Wealth Management LLC grew its position in Amazon.com by 4,540.0% in the 2nd quarter. Iron Horse Wealth Management LLC now owns 232 shares of the e-commerce giant’s stock worth $25,000 after purchasing an additional 227 shares during the period. Wells Financial Advisors INC grew its position in Amazon.com by 1,900.0% in the 2nd quarter. Wells Financial Advisors INC now owns 280 shares of the e-commerce giant’s stock worth $30,000 after purchasing an additional 266 shares during the period. Finally, Maryland Capital Advisors Inc. grew its position in Amazon.com by 1,900.0% in the 2nd quarter. Maryland Capital Advisors Inc. now owns 300 shares of the e-commerce giant’s stock worth $32,000 after purchasing an additional 285 shares during the period. 57.64% of the stock is currently owned by hedge funds and other institutional investors.

Amazon.com Price Performance

Shares of AMZN stock opened at $86.08 on Friday. 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 company has a market capitalization of $878.16 billion, a P/E ratio of 79.01, a P/E/G ratio of 2.64 and a beta of 1.22. The company’s 50-day simple moving average is $90.51 and its two-hundred day simple moving average is $111.38. Amazon.com, Inc. has a one year low of $81.43 and a one year high of $170.83.

Amazon.com (NASDAQ:AMZNGet Rating) last issued its earnings results on Thursday, October 27th. The e-commerce giant reported $0.20 EPS for the quarter, missing analysts’ consensus estimates of $0.22 by ($0.02). The company had revenue of $127.10 billion during the quarter, compared to the consensus estimate of $127.47 billion. Amazon.com had a return on equity of 14.44% and a net margin of 2.25%. Amazon.com’s revenue was up 14.7% on a year-over-year basis. During the same quarter in the prior year, the company earned $0.31 earnings per share. As a group, equities analysts anticipate that Amazon.com, Inc. will post 0.69 EPS for the current year.

Insiders Place Their Bets

In other Amazon.com news, CEO Douglas J. Herrington sold 7,456 shares of the company’s stock in a transaction dated Monday, November 21st. The shares were sold at an average price of $94.00, for a total value of $700,864.00. Following the transaction, the chief executive officer now directly owns 533,435 shares in the company, valued at approximately $50,142,890. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. In other news, CEO Adam Selipsky sold 520 shares of the stock in a transaction that occurred on Monday, October 17th. The shares were sold at an average price of $112.20, for a total transaction of $58,344.00. Following the transaction, the chief executive officer now directly owns 113,640 shares in the company, valued at $12,750,408. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, CEO Douglas J. Herrington sold 7,456 shares of the stock in a transaction that occurred on Monday, November 21st. The shares were sold at an average price of $94.00, for a total transaction of $700,864.00. Following the transaction, the chief executive officer now owns 533,435 shares in the company, valued at $50,142,890. The disclosure for this sale can be found here. Insiders have sold 52,948 shares of company stock worth $5,135,922 in the last three months. Corporate insiders own 12.70% of the company’s stock.

Analyst Ratings Changes

A number of research firms have commented on AMZN. Evercore ISI cut their target price on shares of Amazon.com from $170.00 to $150.00 and set an “outperform” rating for the company in a research report on Monday, December 19th. The Goldman Sachs Group reissued a “buy” rating and set a $165.00 price objective on shares of Amazon.com in a research report on Monday, November 28th. Wolfe Research cut their price objective on shares of Amazon.com from $150.00 to $130.00 and set an “outperform” rating for the company in a research report on Friday, October 28th. Needham & Company LLC cut their price objective on shares of Amazon.com from $175.00 to $120.00 and set a “buy” rating for the company in a research report on Friday, October 28th. Finally, Barclays cut their price objective on shares of Amazon.com from $200.00 to $140.00 and set an “overweight” rating for the company in a research report on Friday, October 28th. Two investment analysts have rated the stock with a sell rating, three have assigned a hold rating and forty-two have assigned a buy rating to the stock. According to MarketBeat, the company has an average rating of “Moderate Buy” and an average target price of $147.12.

Amazon.com Company Profile

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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.

See Also

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

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