Amazon.com, Inc. $AMZN Holdings Lifted by NWF Advisory Services Inc.

NWF Advisory Services Inc. lifted its position in shares of Amazon.com, Inc. (NASDAQ:AMZN) by 8.0% in the 2nd quarter, according to its most recent 13F filing with the SEC. The firm owned 79,566 shares of the e-commerce giant’s stock after acquiring an additional 5,918 shares during the quarter. Amazon.com makes up 2.1% of NWF Advisory Services Inc.’s investment portfolio, making the stock its 7th largest position. NWF Advisory Services Inc.’s holdings in Amazon.com were worth $17,456,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also added to or reduced their stakes in the company. Wilson Asset Management International PTY Ltd. purchased a new stake in Amazon.com in the second quarter valued at approximately $11,102,000. ARK Investment Management LLC increased its holdings in shares of Amazon.com by 8.3% in the 2nd quarter. ARK Investment Management LLC now owns 1,140,494 shares of the e-commerce giant’s stock worth $250,213,000 after buying an additional 86,978 shares during the last quarter. Buckhead Capital Management LLC increased its holdings in shares of Amazon.com by 16.1% in the 2nd quarter. Buckhead Capital Management LLC now owns 28,407 shares of the e-commerce giant’s stock worth $6,232,000 after buying an additional 3,948 shares during the last quarter. Flaharty Asset Management LLC raised its position in shares of Amazon.com by 87.7% during the 1st quarter. Flaharty Asset Management LLC now owns 5,088 shares of the e-commerce giant’s stock valued at $968,000 after buying an additional 2,377 shares in the last quarter. Finally, Border to Coast Pensions Partnership Ltd grew its position in Amazon.com by 6.0% in the second quarter. Border to Coast Pensions Partnership Ltd now owns 1,136,311 shares of the e-commerce giant’s stock worth $249,295,000 after acquiring an additional 63,924 shares in the last quarter. 72.20% of the stock is currently owned by institutional investors.

Amazon.com Trading Down 1.6%

NASDAQ:AMZN opened at $222.54 on Tuesday. The firm has a market capitalization of $2.38 trillion, a P/E ratio of 31.43, a P/E/G ratio of 1.56 and a beta of 1.37. The company has a quick ratio of 0.80, a current ratio of 1.01 and a debt-to-equity ratio of 0.14. The company has a fifty day moving average of $229.39 and a 200 day moving average of $225.13. Amazon.com, Inc. has a 52 week low of $161.38 and a 52 week high of $258.60.

Amazon.com (NASDAQ:AMZN) last released its quarterly earnings data on Thursday, October 30th. The e-commerce giant reported $1.95 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.57 by $0.38. The firm had revenue of $180.17 billion for the quarter, compared to analysts’ expectations of $177.53 billion. Amazon.com had a net margin of 11.06% and a return on equity of 23.62%. The company’s revenue for the quarter was up 13.4% compared to the same quarter last year. During the same quarter in the previous year, the company earned $1.43 earnings per share. On average, research analysts predict that Amazon.com, Inc. will post 6.31 earnings per share for the current year.

Analyst Upgrades and Downgrades

A number of research firms have weighed in on AMZN. China Renaissance raised their price target on Amazon.com from $278.00 to $300.00 and gave the company a “buy” rating in a research report on Monday, November 3rd. Desjardins raised their price objective on Amazon.com to $218.00 in a report on Monday, December 8th. BNP Paribas began coverage on Amazon.com in a research report on Monday, November 24th. They issued an “outperform” rating for the company. JPMorgan Chase & Co. reiterated a “buy” rating and set a $305.00 price target on shares of Amazon.com in a research report on Friday. Finally, Rothschild & Co Redburn reissued a “neutral” rating and set a $250.00 price target on shares of Amazon.com in a research note on Tuesday, November 18th. Two equities research analysts have rated the stock with a Strong Buy rating, fifty-six have given a Buy rating and three have issued a Hold rating to the company’s stock. According to data from MarketBeat, the company has an average rating of “Moderate Buy” and a consensus target price of $295.43.

Insider Activity at Amazon.com

In other Amazon.com news, CEO Douglas J. Herrington sold 22,000 shares of the company’s stock in a transaction that occurred on Friday, October 31st. The stock was sold at an average price of $250.03, for a total transaction of $5,500,660.00. Following the completion of the transaction, the chief executive officer owned 493,507 shares of the company’s stock, valued at $123,391,555.21. This represents a 4.27% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Also, CEO Andrew R. Jassy sold 19,872 shares of the stock in a transaction that occurred on Friday, November 21st. The stock was sold at an average price of $216.94, for a total value of $4,311,031.68. Following the completion of the sale, the chief executive officer owned 2,208,310 shares of the company’s stock, valued at approximately $479,070,771.40. This trade represents a 0.89% decrease in their position. The SEC filing for this sale provides additional information. Insiders have sold 82,234 shares of company stock worth $19,076,767 over the last 90 days. 9.70% of the stock is owned by insiders.

About Amazon.com

Amazon.com, Inc engages in the retail sale of consumer products, advertising, and subscriptions service through online and physical stores in North America and internationally. The company operates through three segments: North America, International, and Amazon Web Services (AWS). It also manufactures and sells electronic devices, including Kindle, Fire tablets, Fire TVs, Echo, Ring, Blink, and eero; and develops and produces media content.