Amazon.com, Inc. (NASDAQ:AMZN) Stock Holdings Lifted by Asset Advisors Investment Management LLC
Asset Advisors Investment Management LLC raised its holdings in Amazon.com, Inc. (NASDAQ:AMZN - Free Report) by 1.3% during the third quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 116,869 shares of the e-commerce giant's stock after purchasing an additional 1,499 shares during the quarter. Amazon.com accounts for approximately 2.3% of Asset Advisors Investment Management LLC's investment portfolio, making the stock its 11th biggest position. Asset Advisors Investment Management LLC's holdings in Amazon.com were worth $21,776,000 at the end of the most recent quarter.
Other hedge funds and other institutional investors also recently modified their holdings of the company. Semus Wealth Partners LLC grew its holdings in Amazon.com by 0.3% during the third quarter. Semus Wealth Partners LLC now owns 17,920 shares of the e-commerce giant's stock valued at $3,339,000 after purchasing an additional 49 shares during the period. Bell Investment Advisors Inc grew its stake in shares of Amazon.com by 1.5% during the 3rd quarter. Bell Investment Advisors Inc now owns 3,359 shares of the e-commerce giant's stock valued at $626,000 after acquiring an additional 51 shares during the period. O Connor Financial Group LLC increased its holdings in Amazon.com by 2.2% in the 3rd quarter. O Connor Financial Group LLC now owns 2,536 shares of the e-commerce giant's stock worth $473,000 after acquiring an additional 55 shares in the last quarter. Cherrydale Wealth Management LLC raised its stake in Amazon.com by 0.7% during the 3rd quarter. Cherrydale Wealth Management LLC now owns 7,492 shares of the e-commerce giant's stock worth $1,396,000 after acquiring an additional 55 shares during the period. Finally, Cedar Point Capital Partners LLC lifted its holdings in Amazon.com by 4.4% during the third quarter. Cedar Point Capital Partners LLC now owns 1,324 shares of the e-commerce giant's stock valued at $247,000 after purchasing an additional 56 shares in the last quarter. Institutional investors own 72.20% of the company's stock.
In related news, Director Jonathan Rubinstein sold 4,351 shares of the business's stock in a transaction that occurred on Monday, December 9th. The shares were sold at an average price of $229.85, for a total transaction of $1,000,077.35. Following the completion of the transaction, the director now owns 88,203 shares in the company, valued at $20,273,459.55. The trade was a 4.70 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Also, insider Jeffrey P. Bezos sold 2,996,362 shares of the firm's stock in a transaction that occurred on Friday, November 8th. The shares were sold at an average price of $208.85, for a total transaction of $625,790,203.70. Following the completion of the sale, the insider now owns 917,416,976 shares of the company's stock, valued at approximately $191,602,535,437.60. This trade represents a 0.33 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders sold 6,032,344 shares of company stock valued at $1,253,456,822. Corporate insiders own 10.80% of the company's stock.
A number of brokerages have recently issued reports on AMZN. Bank of America raised their price objective on shares of Amazon.com from $210.00 to $230.00 and gave the company a "buy" rating in a research report on Friday, November 1st. Royal Bank of Canada raised their price target on Amazon.com from $215.00 to $225.00 and gave the company an "outperform" rating in a report on Friday, November 1st. UBS Group upped their price objective on Amazon.com from $230.00 to $264.00 and gave the stock a "buy" rating in a research note on Monday, December 16th. Needham & Company LLC reissued a "buy" rating and set a $250.00 target price on shares of Amazon.com in a research note on Tuesday, December 10th. Finally, Monness Crespi & Hardt increased their price objective on shares of Amazon.com from $225.00 to $245.00 and gave the company a "buy" rating in a report on Friday, November 1st. Two investment analysts have rated the stock with a hold rating, forty-two have assigned a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat.com, the company presently has an average rating of "Moderate Buy" and a consensus target price of $245.65.
Get Our Latest Stock Report on Amazon.com
NASDAQ AMZN opened at $225.94 on Friday. Amazon.com, Inc. has a one year low of $151.61 and a one year high of $233.00. The company has a debt-to-equity ratio of 0.21, a quick ratio of 0.87 and a current ratio of 1.09. The company has a market capitalization of $2.38 trillion, a price-to-earnings ratio of 48.38, a price-to-earnings-growth ratio of 1.22 and a beta of 1.14. The company's 50-day simple moving average is $217.56 and its two-hundred day simple moving average is $196.10.
Amazon.com (NASDAQ:AMZN - Get Free Report) last issued its quarterly earnings data on Thursday, October 31st. The e-commerce giant reported $1.43 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.14 by $0.29. The company had revenue of $158.88 billion for the quarter, compared to analyst estimates of $157.28 billion. Amazon.com had a net margin of 8.04% and a return on equity of 22.41%. Amazon.com's revenue was up 11.0% compared to the same quarter last year. During the same period last year, the company posted $0.85 earnings per share. Equities analysts forecast that Amazon.com, Inc. will post 5.38 EPS for the current fiscal year.
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.
Before you consider Amazon.com, you'll want to hear this.
MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and Amazon.com wasn't on the list.
While Amazon.com currently has a "Moderate Buy" rating among analysts, top-rated analysts believe these five stocks are better buys.
If a company's CEO, COO, and CFO were all selling shares of their stock, would you want to know?
