Dynamic Advisor Solutions LLC Raises Position in Amazon.com, Inc. (NASDAQ:AMZN)

Dynamic Advisor Solutions LLC grew its holdings in shares of Amazon.com, Inc. (NASDAQ:AMZN) by 2.8% during the third quarter, according to the company in its most recent disclosure with the SEC. The fund owned 182,562 shares of the e-commerce giant’s stock after buying an additional 4,956 shares during the quarter. Amazon.com accounts for about 1.0% of Dynamic Advisor Solutions LLC’s investment portfolio, making the stock its 14th biggest position. Dynamic Advisor Solutions LLC’s holdings in Amazon.com were worth $34,017,000 at the end of the most recent quarter.

A number of other hedge funds have also recently modified their holdings of the business. Blue Zone Wealth Advisors LLC grew its stake in shares of Amazon.com by 1.9% during the third quarter. Blue Zone Wealth Advisors LLC now owns 27,310 shares of the e-commerce giant’s stock valued at $5,089,000 after buying an additional 499 shares during the last quarter. Alpha Cubed Investments LLC grew its stake in shares of Amazon.com by 2.6% during the third quarter. Alpha Cubed Investments LLC now owns 485,009 shares of the e-commerce giant’s stock valued at $90,372,000 after buying an additional 12,231 shares during the last quarter. Cardinal Point Capital Management ULC grew its stake in shares of Amazon.com by 73.9% during the third quarter. Cardinal Point Capital Management ULC now owns 5,913 shares of the e-commerce giant’s stock valued at $1,102,000 after buying an additional 2,512 shares during the last quarter. Callan Family Office LLC grew its stake in shares of Amazon.com by 95.8% during the third quarter. Callan Family Office LLC now owns 58,142 shares of the e-commerce giant’s stock valued at $10,834,000 after buying an additional 28,449 shares during the last quarter. Finally, Exeter Financial LLC grew its stake in shares of Amazon.com by 1.4% during the third quarter. Exeter Financial LLC now owns 5,223 shares of the e-commerce giant’s stock valued at $973,000 after buying an additional 71 shares during the last quarter. Institutional investors own 72.20% of the company’s stock.

Amazon.com Stock Performance

Shares of AMZN stock opened at $197.93 on Monday. The company has a quick ratio of 0.88, a current ratio of 1.10 and a debt-to-equity ratio of 0.23. Amazon.com, Inc. has a 52-week low of $136.47 and a 52-week high of $201.20. The business has a 50-day simple moving average of $184.82 and a 200-day simple moving average of $183.77. The stock has a market cap of $2.08 trillion, a PE ratio of 42.38, a price-to-earnings-growth ratio of 1.42 and a beta of 1.14.

Amazon.com (NASDAQ:AMZN) last announced its quarterly 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 return on equity of 23.46% and a net margin of 8.04%. The firm had revenue of $158.88 billion during the quarter, compared to analyst estimates of $157.28 billion. During the same quarter in the previous year, the business earned $0.85 EPS. Amazon.com’s revenue for the quarter was up 11.0% compared to the same quarter last year. On average, equities analysts expect that Amazon.com, Inc. will post 4.84 EPS for the current year.

Analysts Set New Price Targets

AMZN has been the topic of several research analyst reports. Piper Sandler increased their price objective on Amazon.com from $215.00 to $225.00 and gave the stock an “overweight” rating in a research note on Friday. Royal Bank of Canada increased their price objective on Amazon.com from $215.00 to $225.00 and gave the stock an “outperform” rating in a research note on Friday. Wedbush increased their price objective on Amazon.com from $225.00 to $250.00 and gave the stock an “outperform” rating in a research note on Friday. Evercore ISI increased their price objective on Amazon.com from $240.00 to $260.00 and gave the stock an “outperform” rating in a research note on Friday. Finally, TD Securities increased their price objective on Amazon.com from $225.00 to $245.00 in a research note on Wednesday, July 10th. Two analysts have rated the stock with a hold rating, forty have issued a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat, Amazon.com currently has an average rating of “Moderate Buy” and a consensus target price of $246.02.

Insiders Place Their Bets

In other Amazon.com news, CEO Andrew R. Jassy sold 20,784 shares of the business’s stock in a transaction that occurred on Wednesday, August 21st. The stock was sold at an average price of $180.77, for a total transaction of $3,757,123.68. Following the completion of the sale, the chief executive officer now directly owns 2,056,534 shares in the company, valued at approximately $371,759,651.18. The trade was a 0.00 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. In other Amazon.com news, CEO Andrew R. Jassy sold 20,784 shares of the business’s stock in a transaction that occurred on Wednesday, August 21st. The stock was sold at an average price of $180.77, for a total transaction of $3,757,123.68. Following the completion of the sale, the chief executive officer now directly owns 2,056,534 shares in the company, valued at approximately $371,759,651.18. The trade was a 0.00 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CFO Brian T. Olsavsky sold 14,600 shares of the company’s stock in a transaction that occurred on Wednesday, August 21st. The shares were sold at an average price of $180.00, for a total value of $2,628,000.00. Following the completion of the sale, the chief financial officer now owns 49,000 shares of the company’s stock, valued at $8,820,000. This trade represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders sold 50,855 shares of company stock worth $9,215,048. Corporate 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.