Investors Asset Management of Georgia Inc. GA ADV Boosts Stake in Amazon.com, Inc. (NASDAQ:AMZN)

Investors Asset Management of Georgia Inc. GA ADV grew its stake in Amazon.com, Inc. (NASDAQ:AMZN) by 21.9% in the third quarter, HoldingsChannel reports. The institutional investor owned 78 shares of the e-commerce giant’s stock after buying an additional 14 shares during the period. Investors Asset Management of Georgia Inc. GA ADV’s holdings in Amazon.com were worth $256,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds and other institutional investors also recently bought and sold shares of AMZN. Sphinx Trading LP purchased a new position in shares of Amazon.com during the third quarter worth $30,000. Lion Street Advisors LLC purchased a new position in shares of Amazon.com during the second quarter worth $52,000. True Link Financial Advisors LLC purchased a new position in shares of Amazon.com during the second quarter worth $72,000. Laurel Wealth Planning LLC raised its holdings in shares of Amazon.com by 57.1% during the second quarter. Laurel Wealth Planning LLC now owns 22 shares of the e-commerce giant’s stock worth $76,000 after purchasing an additional 8 shares during the last quarter. Finally, Newfound Research LLC raised its holdings in shares of Amazon.com by 62.5% during the second quarter. Newfound Research LLC now owns 26 shares of the e-commerce giant’s stock worth $89,000 after purchasing an additional 10 shares during the last quarter. 57.48% of the stock is owned by institutional investors and hedge funds.

Several brokerages recently issued reports on AMZN. BMO Capital Markets reissued a “buy” rating and set a $4,100.00 target price on shares of Amazon.com in a report on Sunday, October 31st. The Goldman Sachs Group cut their price objective on shares of Amazon.com from $4,250.00 to $4,100.00 and set a “buy” rating for the company in a report on Friday, October 29th. Oppenheimer cut their price objective on shares of Amazon.com from $4,400.00 to $4,200.00 and set an “outperform” rating for the company in a report on Friday, July 30th. Truist Securities lifted their price objective on shares of Amazon.com from $3,800.00 to $4,000.00 and gave the company a “buy” rating in a report on Friday, October 29th. Finally, Stifel Nicolaus reaffirmed a “buy” rating on shares of Amazon.com in a report on Friday, July 30th. One investment analyst has rated the stock with a hold rating and forty have issued a buy rating to the company. According to data from MarketBeat, the stock currently has an average rating of “Buy” and a consensus price target of $4,144.44.

Shares of Amazon.com stock opened at $3,580.41 on Thursday. The company has a fifty day simple moving average of $3,409.89 and a 200-day simple moving average of $3,403.96. Amazon.com, Inc. has a 12-month low of $2,881.00 and a 12-month high of $3,773.08. The company has a current ratio of 1.12, a quick ratio of 0.87 and a debt-to-equity ratio of 0.42. The stock has a market cap of $1.82 trillion, a price-to-earnings ratio of 70.04, a PEG ratio of 3.84 and a beta of 1.11.

Amazon.com (NASDAQ:AMZN) last issued its earnings results on Wednesday, October 27th. The e-commerce giant reported $6.12 earnings per share (EPS) for the quarter, missing the consensus estimate of $9.10 by ($2.98). Amazon.com had a net margin of 5.73% and a return on equity of 24.31%. The company had revenue of $110.81 billion during the quarter, compared to analyst estimates of $111.66 billion. During the same quarter in the previous year, the company posted $12.37 EPS. The company’s quarterly revenue was up 15.3% on a year-over-year basis. On average, analysts forecast that Amazon.com, Inc. will post 41.78 earnings per share for the current fiscal year.

In related news, insider Jeffrey P. Bezos sold 50,034 shares of the stock in a transaction on Tuesday, November 2nd. The shares were sold at an average price of $3,319.45, for a total transaction of $166,085,361.30. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. Also, CEO Adam Selipsky sold 712 shares of the stock in a transaction on Monday, November 15th. The stock was sold at an average price of $3,534.74, for a total transaction of $2,516,734.88. The disclosure for this sale can be found here. In the last 90 days, insiders sold 86,498 shares of company stock valued at $293,480,991. Company insiders own 14.00% of the company’s stock.

Amazon.com Company Profile

Amazon.com, Inc 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 America-focused websites such as www.amazon.com and www.amazon.ca.

See Also: Pattern Day Trader

Want to see what other hedge funds are holding AMZN? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Amazon.com, Inc. (NASDAQ:AMZN).

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

Receive News & Ratings for Amazon.com Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Amazon.com and related companies with MarketBeat.com's FREE daily email newsletter.