Safeguard Investment Advisory Group LLC Has $1.84 Million Position in Amazon.com, Inc. (NASDAQ:AMZN)

Safeguard Investment Advisory Group LLC boosted its stake in shares of Amazon.com, Inc. (NASDAQ:AMZN) by 2,280.4% during the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 16,258 shares of the e-commerce giant’s stock after buying an additional 15,575 shares during the quarter. Amazon.com makes up approximately 1.3% of Safeguard Investment Advisory Group LLC’s portfolio, making the stock its 21st biggest position. Safeguard Investment Advisory Group LLC’s holdings in Amazon.com were worth $1,837,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also recently bought and sold shares of AMZN. Bridgefront Capital LLC bought a new position in shares of Amazon.com in the 1st quarter worth about $228,000. Krane Funds Advisors LLC raised its position in shares of Amazon.com by 239.1% in the 1st quarter. Krane Funds Advisors LLC now owns 78 shares of the e-commerce giant’s stock worth $254,000 after acquiring an additional 55 shares in the last quarter. Range Financial Group LLC bought a new position in shares of Amazon.com in the 1st quarter worth about $258,000. My Personal CFO LLC bought a new position in shares of Amazon.com in the 1st quarter worth about $261,000. Finally, Worth Asset Management LLC bought a new position in shares of Amazon.com in the 1st quarter worth about $191,000. 57.64% of the stock is owned by institutional investors and hedge funds.

Amazon.com Trading Down 1.9 %

Amazon.com stock opened at $93.68 on Friday. The stock has a market cap of $955.69 billion, a P/E ratio of 85.98, a PEG ratio of 3.09 and a beta of 1.22. Amazon.com, Inc. has a fifty-two week low of $81.43 and a fifty-two week high of $170.83. The firm’s fifty day moving average price is $90.79 and its 200-day moving average price is $110.37. The company has a debt-to-equity ratio of 0.43, a quick ratio of 0.68 and a current ratio of 0.94.

Amazon.com (NASDAQ:AMZNGet Rating) last released 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 firm had revenue of $127.10 billion during the quarter, compared to the consensus estimate of $127.47 billion. Amazon.com had a net margin of 2.25% and a return on equity of 14.44%. The firm’s revenue was up 14.7% compared to the same quarter last year. During the same period in the prior year, the company earned $0.31 EPS. Equities research analysts forecast that Amazon.com, Inc. will post 0.68 earnings per share for the current fiscal year.

Insider Activity at Amazon.com

In related news, CEO Douglas J. Herrington sold 15,787 shares of the stock in a transaction on Tuesday, November 15th. The stock was sold at an average price of $103.10, for a total value of $1,627,639.70. Following the transaction, the chief executive officer now owns 522,251 shares of the company’s stock, valued at $53,844,078.10. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. In other Amazon.com news, CEO Adam Selipsky sold 345 shares of the company’s stock in a transaction dated Tuesday, November 1st. The shares were sold at an average price of $102.00, for a total transaction of $35,190.00. Following the completion of the sale, the chief executive officer now directly owns 112,795 shares in the company, valued at $11,505,090. The transaction was disclosed in a document filed with the SEC, which is accessible through this link. Also, CEO Douglas J. Herrington sold 15,787 shares of the company’s stock in a transaction dated Tuesday, November 15th. The shares were sold at an average price of $103.10, for a total transaction of $1,627,639.70. Following the sale, the chief executive officer now owns 522,251 shares of the company’s stock, valued at $53,844,078.10. The disclosure for this sale can be found here. Insiders have sold a total of 52,428 shares of company stock valued at $5,077,578 over the last 90 days. 12.70% of the stock is owned by insiders.

Wall Street Analysts Forecast Growth

AMZN has been the subject of a number of research analyst reports. Evercore ISI decreased their target price on Amazon.com from $170.00 to $150.00 and set an “outperform” rating for the company in a research report on Monday, December 19th. Morgan Stanley decreased their target price on Amazon.com from $175.00 to $140.00 and set an “overweight” rating for the company in a research report on Friday, October 28th. Monness Crespi & Hardt decreased their target price on Amazon.com from $172.00 to $136.00 and set a “buy” rating for the company in a research report on Friday, October 28th. Mizuho decreased their target price on Amazon.com from $155.00 to $135.00 and set a “buy” rating for the company in a research report on Friday, October 28th. Finally, Jefferies Financial Group decreased their target price on Amazon.com from $165.00 to $135.00 and set a “buy” rating for the company in a research report on Friday, October 28th. Two analysts have rated the stock with a sell rating, three have assigned a hold rating and forty-two have issued a buy rating to the stock. According to MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average target price of $145.87.

Amazon.com Profile

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Amazon.com, Inc is a multinational technology company, which 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 American-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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