Beacon Financial Advisory LLC Raises Holdings in Amazon.com, Inc. (NASDAQ:AMZN)

Beacon Financial Advisory LLC lifted its position in Amazon.com, Inc. (NASDAQ:AMZN) by 1.1% in the third quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 18,570 shares of the e-commerce giant’s stock after purchasing an additional 200 shares during the quarter. Amazon.com makes up 1.2% of Beacon Financial Advisory LLC’s investment portfolio, making the stock its 15th biggest holding. Beacon Financial Advisory LLC’s holdings in Amazon.com were worth $3,460,000 at the end of the most recent quarter.

A number of other large investors have also recently made changes to their positions in the company. International Assets Investment Management LLC grew its position in Amazon.com by 20,897.2% during the 3rd quarter. International Assets Investment Management LLC now owns 39,135,449 shares of the e-commerce giant’s stock worth $72,921,080,000 after purchasing an additional 38,949,065 shares during the last quarter. Strategic Financial Concepts LLC grew its holdings in shares of Amazon.com by 13,606.7% during the second quarter. Strategic Financial Concepts LLC now owns 3,932,580 shares of the e-commerce giant’s stock worth $759,971,000 after buying an additional 3,903,889 shares during the last quarter. Wulff Hansen & CO. increased its position in Amazon.com by 20,517.4% in the 2nd quarter. Wulff Hansen & CO. now owns 3,884,325 shares of the e-commerce giant’s stock valued at $750,646,000 after acquiring an additional 3,865,485 shares during the period. National Pension Service raised its stake in Amazon.com by 15.9% during the 3rd quarter. National Pension Service now owns 16,920,526 shares of the e-commerce giant’s stock valued at $3,152,802,000 after acquiring an additional 2,321,786 shares during the last quarter. Finally, Granite Bay Wealth Management LLC lifted its position in Amazon.com by 6,590.8% during the 2nd quarter. Granite Bay Wealth Management LLC now owns 2,353,894 shares of the e-commerce giant’s stock worth $432,394,000 after acquiring an additional 2,318,713 shares during the period. 72.20% of the stock is owned by institutional investors and hedge funds.

Amazon.com Stock Down 0.7 %

AMZN opened at $227.46 on Friday. The business’s fifty day simple moving average is $201.65 and its 200 day simple moving average is $189.72. Amazon.com, Inc. has a 52 week low of $144.05 and a 52 week high of $231.20. The firm has a market cap of $2.39 trillion, a P/E ratio of 48.71, a PEG ratio of 1.54 and a beta of 1.16. The company has a quick ratio of 0.87, a current ratio of 1.09 and a debt-to-equity ratio of 0.21.

Amazon.com (NASDAQ:AMZN) last issued its quarterly earnings results on Thursday, October 31st. The e-commerce giant reported $1.43 EPS for the quarter, topping analysts’ consensus estimates of $1.14 by $0.29. The business had revenue of $158.88 billion during the quarter, compared to the consensus estimate of $157.28 billion. Amazon.com had a net margin of 8.04% and a return on equity of 22.41%. The company’s quarterly revenue was up 11.0% compared to the same quarter last year. During the same period in the previous year, the firm posted $0.85 earnings per share. As a group, equities research analysts anticipate that Amazon.com, Inc. will post 5.29 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

A number of research analysts have recently issued reports on the company. TD Cowen boosted their target price on Amazon.com from $240.00 to $265.00 and gave the company a “buy” rating in a report on Thursday. Loop Capital upped their price objective on shares of Amazon.com from $225.00 to $275.00 and gave the stock a “buy” rating in a research report on Wednesday, November 6th. The Goldman Sachs Group lifted their target price on shares of Amazon.com from $230.00 to $240.00 and gave the company a “buy” rating in a report on Friday, November 1st. Oppenheimer increased their price target on shares of Amazon.com from $220.00 to $230.00 and gave the stock an “outperform” rating in a report on Friday, November 1st. Finally, JMP Securities raised their price objective on shares of Amazon.com from $265.00 to $285.00 and gave the company a “market outperform” rating in a research report on Friday, November 1st. Two analysts have rated the stock with a hold rating, forty-one have assigned a buy rating and one has given a strong buy rating to the company’s stock. According to MarketBeat, Amazon.com currently has a consensus rating of “Moderate Buy” and an average target price of $238.87.

Insiders Place Their Bets

In other Amazon.com news, Director Jonathan Rubinstein sold 4,351 shares of the firm’s stock in a transaction dated Monday, December 9th. The stock was sold at an average price of $229.85, for a total value of $1,000,077.35. Following the sale, the director now directly owns 88,203 shares of the company’s stock, valued at approximately $20,273,459.55. This trade represents a 4.70 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, SVP David Zapolsky sold 2,190 shares of the company’s stock in a transaction dated Tuesday, September 24th. The shares were sold at an average price of $195.00, for a total transaction of $427,050.00. Following the transaction, the senior vice president now directly owns 62,420 shares of the company’s stock, valued at approximately $12,171,900. This represents a 3.39 % decrease in their position. The disclosure for this sale can be found here. In the last three months, insiders sold 6,034,534 shares of company stock valued at $1,253,883,872. Company insiders own 10.80% of the company’s stock.

Amazon.com Profile

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.