IAM Advisory LLC Invests $1.88 Million in Amazon.com, Inc. (NASDAQ:AMZN)

IAM Advisory LLC bought a new position in shares of Amazon.com, Inc. (NASDAQ:AMZN) during the third quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm bought 580 shares of the e-commerce giant’s stock, valued at approximately $1,883,000. Amazon.com accounts for approximately 0.8% of IAM Advisory LLC’s portfolio, making the stock its 14th biggest holding.

Several other large investors also recently modified their holdings of the company. Vanguard Group Inc. boosted its stake in Amazon.com by 0.3% in the second quarter. Vanguard Group Inc. now owns 32,727,219 shares of the e-commerce giant’s stock valued at $112,586,869,000 after acquiring an additional 112,965 shares in the last quarter. Price T Rowe Associates Inc. MD lifted its stake in shares of Amazon.com by 2.1% during the second quarter. Price T Rowe Associates Inc. MD now owns 16,173,783 shares of the e-commerce giant’s stock worth $55,640,401,000 after buying an additional 338,793 shares during the period. State Street Corp lifted its stake in shares of Amazon.com by 0.6% during the second quarter. State Street Corp now owns 15,963,398 shares of the e-commerce giant’s stock worth $54,916,643,000 after buying an additional 89,867 shares during the period. FMR LLC lifted its position in Amazon.com by 0.9% during the second quarter. FMR LLC now owns 15,446,833 shares of the e-commerce giant’s stock valued at $53,139,577,000 after purchasing an additional 135,223 shares during the period. Finally, Geode Capital Management LLC lifted its position in Amazon.com by 2.2% during the second quarter. Geode Capital Management LLC now owns 6,749,351 shares of the e-commerce giant’s stock valued at $23,148,269,000 after purchasing an additional 146,139 shares during the period. 57.48% of the stock is currently owned by institutional investors and hedge funds.

NASDAQ AMZN opened at $3,580.41 on Thursday. The company has a market cap of $1.82 trillion, a price-to-earnings ratio of 70.04, a price-to-earnings-growth ratio of 3.84 and a beta of 1.11. Amazon.com, Inc. has a twelve month low of $2,881.00 and a twelve month high of $3,773.08. The business’s fifty day moving average is $3,409.89 and its 200 day moving average is $3,403.96. The company has a quick ratio of 0.87, a current ratio of 1.12 and a debt-to-equity ratio of 0.42.

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

A number of research analysts have weighed in on AMZN shares. Raymond James cut their price objective on shares of Amazon.com from $3,900.00 to $3,840.00 and set an “outperform” rating for the company in a report on Friday, October 29th. Mizuho dropped their price objective on shares of Amazon.com from $4,100.00 to $3,950.00 and set a “buy” rating for the company in a research note on Friday, October 29th. KeyCorp reiterated a “buy” rating and issued a $4,000.00 target price on shares of Amazon.com in a report on Tuesday, September 7th. Wolfe Research decreased their target price on shares of Amazon.com from $3,850.00 to $3,800.00 and set an “outperform” rating on the stock in a report on Friday, October 29th. Finally, Tigress Financial upped their price objective on shares of Amazon.com from $4,370.00 to $4,460.00 and gave the stock a “buy” rating in a report on Wednesday, November 10th. One investment analyst has rated the stock with a hold rating and forty have given a buy rating to the stock. Based on data from MarketBeat, the company has an average rating of “Buy” and an average price target of $4,144.44.

In related news, Director Jonathan Rubinstein sold 271 shares of the business’s stock in a transaction dated Thursday, November 18th. The stock was sold at an average price of $3,700.00, for a total value of $1,002,700.00. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, SVP David Zapolsky sold 954 shares of the business’s stock in a transaction dated Monday, November 15th. The shares were sold at an average price of $3,537.00, for a total value of $3,374,298.00. The disclosure for this sale can be found here. Over the last three months, insiders sold 86,498 shares of company stock valued at $293,480,991. Corporate insiders own 14.00% of the company’s stock.

About Amazon.com

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.

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

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