First Allied Advisory Services Inc. Purchases 3,050 Shares of Amazon.com, Inc. (AMZN)

First Allied Advisory Services Inc. increased its stake in shares of Amazon.com, Inc. (NASDAQ:AMZN) by 31.5% during the fourth quarter, according to its most recent disclosure with the SEC. The firm owned 12,722 shares of the e-commerce giant’s stock after buying an additional 3,050 shares during the period. First Allied Advisory Services Inc.’s holdings in Amazon.com were worth $9,540,000 at the end of the most recent reporting period.

Several other hedge funds also recently made changes to their positions in the stock. Guild Investment Management Inc. acquired a new position in shares of Amazon.com during the third quarter worth about $205,000. Oregon Public Employees Retirement Fund boosted its position in shares of Amazon.com by 37.5% in the third quarter. Oregon Public Employees Retirement Fund now owns 84,118 shares of the e-commerce giant’s stock worth $70,433,000 after buying an additional 22,942 shares during the last quarter. Kelman Lazarov Inc. boosted its position in shares of Amazon.com by 8.7% in the third quarter. Kelman Lazarov Inc. now owns 489 shares of the e-commerce giant’s stock worth $408,000 after buying an additional 39 shares during the last quarter. Gofen & Glossberg LLC IL boosted its position in shares of Amazon.com by 1.1% in the third quarter. Gofen & Glossberg LLC IL now owns 5,605 shares of the e-commerce giant’s stock worth $4,693,000 after buying an additional 63 shares during the last quarter. Finally, Searle & CO. acquired a new position in shares of Amazon.com during the third quarter worth about $284,000. Hedge funds and other institutional investors own 65.08% of the company’s stock.

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

Amazon.com, Inc. (NASDAQ:AMZN) traded down 0.39% during midday trading on Friday, hitting $898.53. The stock had a trading volume of 2,380,786 shares. Amazon.com, Inc. has a 1-year low of $599.20 and a 1-year high of $923.72. The firm has a market capitalization of $428.75 billion, a price-to-earnings ratio of 183.37 and a beta of 1.40. The firm has a 50-day moving average price of $871.22 and a 200-day moving average price of $817.02.

Amazon.com (NASDAQ:AMZN) last issued its quarterly earnings results on Thursday, February 2nd. The e-commerce giant reported $1.54 EPS for the quarter, topping the Zacks’ consensus estimate of $1.35 by $0.19. The business had revenue of $43.74 billion for the quarter, compared to analyst estimates of $44.66 billion. Amazon.com had a return on equity of 13.87% and a net margin of 1.74%. Amazon.com’s quarterly revenue was up 22.4% compared to the same quarter last year. During the same period last year, the company posted $1.00 earnings per share. On average, equities research analysts anticipate that Amazon.com, Inc. will post $7.24 earnings per share for the current year.

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A number of equities research analysts have recently commented on the stock. Wolfe Research downgraded shares of Amazon.com from an “outperform” rating to a “market perform” rating in a report on Thursday. Maxim Group reiterated a “buy” rating and set a $1,000.00 price target (up from $940.00) on shares of Amazon.com in a report on Thursday. William Blair reiterated an “outperform” rating on shares of Amazon.com in a report on Wednesday. Loop Capital reiterated a “buy” rating and set a $1,100.00 price target on shares of Amazon.com in a report on Wednesday. Finally, Macquarie reiterated a “buy” rating and set a $995.00 price target on shares of Amazon.com in a report on Tuesday. Five research analysts have rated the stock with a hold rating and forty-eight have assigned a buy rating to the stock. The company has an average rating of “Buy” and an average target price of $961.29.

In related news, Director Tom A. Alberg sold 590 shares of Amazon.com stock in a transaction on Tuesday, February 21st. The stock was sold at an average price of $850.00, for a total transaction of $501,500.00. Following the sale, the director now directly owns 22,525 shares in the company, valued at $19,146,250. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, insider David Zapolsky sold 503 shares of the firm’s stock in a transaction on Tuesday, February 21st. The stock was sold at an average price of $850.00, for a total value of $427,550.00. Following the completion of the sale, the insider now directly owns 2,523 shares of the company’s stock, valued at $2,144,550. The disclosure for this sale can be found here. Company insiders own 17.70% of the company’s stock.

Amazon.com Company Profile

Amazon.com, Inc offers a range of products and services through its Websites. The Company operates through three segments: North America, International and Amazon Web Services (AWS). The North America segment consists of retail sales of consumer products (including from sellers) and subscriptions through North America-focused Websites, such as www.amazon.com, www.amazon.ca and www.amazon.com.mx.

5 Day Chart for NASDAQ:AMZN

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