Amazon.com, Inc. (NASDAQ:AMZN) Shares Bought by Safeguard Financial LLC

Safeguard Financial LLC increased its position in Amazon.com, Inc. (NASDAQ:AMZN) by 2.9% in the third quarter, Holdings Channel reports. The firm owned 12,040 shares of the e-commerce giant’s stock after purchasing an additional 342 shares during the quarter. Amazon.com accounts for 0.5% of Safeguard Financial LLC’s holdings, making the stock its 21st biggest holding. Safeguard Financial LLC’s holdings in Amazon.com were worth $2,243,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also recently bought and sold shares of AMZN. China Universal Asset Management Co. Ltd. lifted its position in shares of Amazon.com by 31.6% in the 1st quarter. China Universal Asset Management Co. Ltd. now owns 182,359 shares of the e-commerce giant’s stock worth $32,894,000 after buying an additional 43,759 shares during the last quarter. Drexel Morgan & Co. acquired a new stake in Amazon.com during the first quarter worth about $203,000. TFC Financial Management Inc. lifted its holdings in Amazon.com by 9.5% in the first quarter. TFC Financial Management Inc. now owns 12,050 shares of the e-commerce giant’s stock worth $2,174,000 after acquiring an additional 1,046 shares during the last quarter. Retirement Systems of Alabama boosted its stake in Amazon.com by 0.4% in the first quarter. Retirement Systems of Alabama now owns 3,797,262 shares of the e-commerce giant’s stock valued at $684,950,000 after acquiring an additional 13,302 shares during the period. Finally, Cutter & CO Brokerage Inc. grew its holdings in shares of Amazon.com by 1.0% during the first quarter. Cutter & CO Brokerage Inc. now owns 23,971 shares of the e-commerce giant’s stock valued at $4,324,000 after purchasing an additional 226 shares during the last quarter. 72.20% of the stock is owned by institutional investors.

Amazon.com Trading Down 1.2 %

NASDAQ:AMZN opened at $211.48 on Friday. The stock’s 50-day moving average is $189.87 and its two-hundred day moving average is $185.36. The company has a debt-to-equity ratio of 0.21, a current ratio of 1.09 and a quick ratio of 0.87. The stock has a market cap of $2.22 trillion, a PE ratio of 45.28, a price-to-earnings-growth ratio of 1.40 and a beta of 1.14. Amazon.com, Inc. has a fifty-two week low of $139.52 and a fifty-two week high of $215.90.

Amazon.com (NASDAQ:AMZN) last released its quarterly earnings data 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. The firm 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%. The company’s revenue for the quarter was up 11.0% compared to the same quarter last year. During the same quarter in the prior year, the business earned $0.85 EPS. As a group, equities research analysts forecast that Amazon.com, Inc. will post 5.27 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

A number of research analysts recently issued reports on the company. Needham & Company LLC boosted their price objective on Amazon.com from $210.00 to $250.00 and gave the company a “buy” rating in a research report on Thursday. TD Cowen boosted their price target on shares of Amazon.com from $230.00 to $240.00 and gave the company a “buy” rating in a report on Friday, November 1st. Scotiabank upped their price target on shares of Amazon.com from $245.00 to $246.00 and gave the stock a “sector outperform” rating in a research report on Friday, November 1st. Piper Sandler lifted their price objective on shares of Amazon.com from $215.00 to $225.00 and gave the company an “overweight” rating in a research report on Friday, November 1st. Finally, Benchmark upped their target price on shares of Amazon.com from $200.00 to $215.00 and gave the stock a “buy” rating in a research report on Friday, November 1st. Two equities research analysts have rated the stock with a hold rating, forty have issued a buy rating and one has issued a strong buy rating to the company. According to MarketBeat, Amazon.com currently has an average rating of “Moderate Buy” and an average target price of $235.45.

Insider Buying and Selling

In other news, SVP David Zapolsky sold 2,190 shares of the firm’s stock in a transaction dated Tuesday, September 24th. The stock was sold at an average price of $195.00, for a total transaction of $427,050.00. Following the completion of the sale, the senior vice president now directly owns 62,420 shares of the company’s stock, valued at $12,171,900. This trade represents a 3.39 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Also, CEO Andrew R. Jassy sold 20,784 shares of Amazon.com stock in a transaction dated Wednesday, August 21st. The shares were sold at an average price of $180.77, for a total value of $3,757,123.68. Following the sale, the chief executive officer now owns 2,056,534 shares of the company’s stock, valued at approximately $371,759,651.18. This represents a 1.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 6,053,349 shares of company stock worth $1,256,503,289. Corporate insiders own 10.80% of the company’s stock.

Amazon.com Company 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.