Tri Ri Asset Management Corp bought a new position in Amazon.com, Inc. (NASDAQ:AMZN - Free Report) in the third quarter, according to the company in its most recent 13F filing with the SEC. The firm bought 52,706 shares of the e-commerce giant's stock, valued at approximately $9,821,000. Amazon.com comprises 5.0% of Tri Ri Asset Management Corp's portfolio, making the stock its 6th largest position.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. International Assets Investment Management LLC boosted its holdings in shares of Amazon.com by 20,897.2% in the 3rd quarter. International Assets Investment Management LLC now owns 39,135,449 shares of the e-commerce giant's stock valued at $72,921,080,000 after acquiring an additional 38,949,065 shares during the last quarter. Parnassus Investments LLC lifted its position in Amazon.com by 82,457.3% during the third quarter. Parnassus Investments LLC now owns 11,405,294 shares of the e-commerce giant's stock valued at $2,125,148,000 after purchasing an additional 11,391,479 shares during the period. State Street Corp lifted its position in Amazon.com by 3.3% during the third quarter. State Street Corp now owns 359,179,990 shares of the e-commerce giant's stock valued at $66,926,008,000 after purchasing an additional 11,370,309 shares during the period. Geode Capital Management LLC boosted its holdings in Amazon.com by 3.4% in the third quarter. Geode Capital Management LLC now owns 199,915,046 shares of the e-commerce giant's stock valued at $37,116,341,000 after purchasing an additional 6,545,944 shares during the last quarter. Finally, Strategic Financial Concepts LLC grew its position in Amazon.com by 13,606.7% during the 2nd quarter. Strategic Financial Concepts LLC now owns 3,932,580 shares of the e-commerce giant's stock worth $759,971,000 after purchasing an additional 3,903,889 shares during the period. Hedge funds and other institutional investors own 72.20% of the company's stock.

Several brokerages have recently issued reports on AMZN. Royal Bank of Canada boosted their price objective on Amazon.com from $215.00 to $225.00 and gave the company an "outperform" rating in a report on Friday, November 1st. DA Davidson restated a "buy" rating and issued a $235.00 price objective on shares of Amazon.com in a research report on Thursday, October 10th. Scotiabank raised their price objective on shares of Amazon.com from $245.00 to $246.00 and gave the stock a "sector outperform" rating in a research note on Friday, November 1st. Piper Sandler boosted their target price on shares of Amazon.com from $215.00 to $225.00 and gave the company an "overweight" rating in a research note on Friday, November 1st. Finally, Pivotal Research assumed coverage on shares of Amazon.com in a research report on Friday, October 11th. They set a "buy" rating and a $260.00 price target on the stock. Two investment analysts have rated the stock with a hold rating, forty-two have given a buy rating and one has given a strong buy rating to the company. According to MarketBeat, Amazon.com presently has an average rating of "Moderate Buy" and an average target price of $245.65.

View Our Latest Stock Report on AMZN

In other news, Director Daniel P. Huttenlocher sold 1,237 shares of the firm's stock in a transaction that occurred on Tuesday, November 19th. The shares were sold at an average price of $199.06, for a total value of $246,237.22. Following the completion of the transaction, the director now owns 24,912 shares of the company's stock, valued at approximately $4,958,982.72. This trade represents a 4.73 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, insider Jeffrey P. Bezos sold 2,996,362 shares of the company's stock in a transaction that occurred on Friday, November 8th. The stock was sold at an average price of $208.85, for a total transaction of $625,790,203.70. Following the sale, the insider now directly owns 917,416,976 shares in the company, valued at approximately $191,602,535,437.60. The trade was a 0.33 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 6,032,344 shares of company stock valued at $1,253,456,822. 10.80% of the stock is currently owned by corporate insiders.

Shares of AMZN opened at $225.94 on Friday. The firm has a 50-day simple moving average of $217.56 and a two-hundred day simple moving average of $196.10. The company has a debt-to-equity ratio of 0.21, a current ratio of 1.09 and a quick ratio of 0.87. Amazon.com, Inc. has a 1-year low of $151.61 and a 1-year high of $233.00. The stock has a market cap of $2.38 trillion, a PE ratio of 48.38, a P/E/G ratio of 1.22 and a beta of 1.14.

Amazon.com (NASDAQ:AMZN - Get Free Report) last posted its earnings results on Thursday, October 31st. The e-commerce giant reported $1.43 earnings per share for the quarter, beating the consensus estimate of $1.14 by $0.29. Amazon.com had a net margin of 8.04% and a return on equity of 22.41%. The firm had revenue of $158.88 billion during the quarter, compared to the consensus estimate of $157.28 billion. During the same quarter last year, the firm earned $0.85 EPS. The firm's revenue for the quarter was up 11.0% on a year-over-year basis. As a group, analysts forecast that Amazon.com, Inc. will post 5.38 EPS for the current year.

(Free Report)

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.

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