Strategic Wealth Advisors Group LLC Has $40.94 Million Stake in Amazon.com, Inc. (NASDAQ:AMZN)

Strategic Wealth Advisors Group LLC lifted its position in shares of Amazon.com, Inc. (NASDAQ:AMZN) by 2.7% during the third quarter, Holdings Channel.com reports. The institutional investor owned 362,255 shares of the e-commerce giant’s stock after acquiring an additional 9,475 shares during the quarter. Amazon.com makes up approximately 1.8% of Strategic Wealth Advisors Group LLC’s portfolio, making the stock its 7th biggest position. Strategic Wealth Advisors Group LLC’s holdings in Amazon.com were worth $40,935,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors have also recently made changes to their positions in AMZN. Bassett Hargrove Investment Counsel LLC purchased a new stake in shares of Amazon.com during the 3rd quarter valued at $2,120,000. Asset Management One Co. Ltd. raised its stake in Amazon.com by 0.8% in the third quarter. Asset Management One Co. Ltd. now owns 4,185,666 shares of the e-commerce giant’s stock valued at $472,980,000 after buying an additional 32,781 shares during the last quarter. West Coast Financial LLC purchased a new stake in shares of Amazon.com during the third quarter worth about $210,000. Gulf International Bank UK Ltd increased its holdings in shares of Amazon.com by 1.0% during the third quarter. Gulf International Bank UK Ltd now owns 1,526,940 shares of the e-commerce giant’s stock valued at $172,544,000 after acquiring an additional 15,640 shares in the last quarter. Finally, Private Capital Group LLC raised its position in shares of Amazon.com by 1,264.5% in the 2nd quarter. Private Capital Group LLC now owns 10,411 shares of the e-commerce giant’s stock valued at $1,106,000 after purchasing an additional 9,648 shares during the last quarter. Hedge funds and other institutional investors own 57.64% of the company’s stock.

Analysts Set New Price Targets

AMZN has been the topic of several research analyst reports. Credit Suisse Group boosted their target price on shares of Amazon.com from $142.00 to $171.00 and gave the stock an “outperform” rating in a research report on Monday, January 30th. Telsey Advisory Group cut their target price on Amazon.com from $140.00 to $125.00 and set an “outperform” rating on the stock in a research report on Tuesday, January 24th. Wedbush lowered their price target on Amazon.com from $140.00 to $125.00 and set an “outperform” rating for the company in a research report on Friday, February 3rd. Truist Financial cut their price objective on Amazon.com from $160.00 to $142.00 and set a “buy” rating on the stock in a report on Friday, February 3rd. Finally, Robert W. Baird lifted their target price on Amazon.com from $120.00 to $125.00 and gave the stock an “outperform” rating in a report on Friday, February 3rd. Two investment analysts have rated the stock with a sell rating, three have issued a hold rating and forty-one have assigned a buy rating to the stock. According to data from MarketBeat.com, Amazon.com has a consensus rating of “Moderate Buy” and a consensus price target of $144.87.

Insider Activity

In other news, CEO Douglas J. Herrington sold 7,456 shares of the company’s stock in a transaction that occurred on Tuesday, February 21st. The stock was sold at an average price of $94.90, for a total transaction of $707,574.40. Following the completion of the sale, the chief executive officer now owns 564,298 shares in the company, valued at $53,551,880.20. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. In related news, CEO Douglas J. Herrington sold 7,456 shares of the firm’s stock in a transaction that occurred on Tuesday, February 21st. The stock was sold at an average price of $94.90, for a total value of $707,574.40. Following the completion of the transaction, the chief executive officer now directly owns 564,298 shares of the company’s stock, valued at approximately $53,551,880.20. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, VP Shelley Reynolds sold 3,500 shares of the company’s stock in a transaction dated Tuesday, February 21st. The shares were sold at an average price of $94.91, for a total transaction of $332,185.00. Following the completion of the sale, the vice president now directly owns 119,780 shares in the company, valued at approximately $11,368,319.80. The disclosure for this sale can be found here. Insiders have sold 67,394 shares of company stock valued at $6,619,426 in the last ninety days. 12.70% of the stock is currently owned by company insiders.

Amazon.com Price Performance

Shares of AMZN opened at $94.23 on Wednesday. The company has a current ratio of 0.94, a quick ratio of 0.72 and a debt-to-equity ratio of 0.46. The firm’s fifty day simple moving average is $94.46 and its 200-day simple moving average is $105.15. The firm has a market capitalization of $965.60 billion, a price-to-earnings ratio of -351.59, a PEG ratio of 3.85 and a beta of 1.22. Amazon.com, Inc. has a twelve month low of $81.43 and a twelve month high of $170.83.

Amazon.com (NASDAQ:AMZN – Get Rating) last released its quarterly earnings data on Thursday, February 2nd. The e-commerce giant reported $0.03 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.15 by ($0.12). Amazon.com had a positive return on equity of 5.33% and a negative net margin of 0.53%. The business had revenue of $149.20 billion for the quarter, compared to analyst estimates of $145.72 billion. During the same period in the prior year, the company posted $1.39 earnings per share. The company’s revenue was up 8.6% compared to the same quarter last year. Equities analysts forecast that Amazon.com, Inc. will post 1.34 EPS for the current fiscal year.

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 segments: North America, International, and Amazon Web Services (AWS). The North America segment is involved in the retail sales of consumer products including from sellers and subscriptions through North America-focused online and physical stores.