Retirement Guys Formula LLC Has $1.81 Million Holdings in Amazon.com, Inc. (NASDAQ:AMZN)

Retirement Guys Formula LLC lifted its holdings in Amazon.com, Inc. (NASDAQ:AMZN) by 213.2% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 9,696 shares of the e-commerce giant’s stock after purchasing an additional 6,600 shares during the period. Retirement Guys Formula LLC’s holdings in Amazon.com were worth $1,807,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also modified their holdings of the company. Border to Coast Pensions Partnership Ltd raised its holdings in Amazon.com by 8.6% in the 3rd quarter. Border to Coast Pensions Partnership Ltd now owns 1,057,151 shares of the e-commerce giant’s stock worth $196,404,000 after acquiring an additional 83,726 shares during the period. Little House Capital LLC raised its holdings in Amazon.com by 10.1% in the 3rd quarter. Little House Capital LLC now owns 65,616 shares of the e-commerce giant’s stock worth $12,226,000 after acquiring an additional 6,015 shares during the period. Genesee Capital Advisors LLC raised its holdings in Amazon.com by 28.6% in the 3rd quarter. Genesee Capital Advisors LLC now owns 11,439 shares of the e-commerce giant’s stock worth $2,131,000 after acquiring an additional 2,543 shares during the period. 1858 Wealth Management LLC raised its holdings in Amazon.com by 3.3% in the 3rd quarter. 1858 Wealth Management LLC now owns 17,154 shares of the e-commerce giant’s stock worth $3,196,000 after acquiring an additional 544 shares during the period. Finally, James Hambro & Partners LLP raised its holdings in Amazon.com by 4.3% in the 3rd quarter. James Hambro & Partners LLP now owns 615,079 shares of the e-commerce giant’s stock worth $114,598,000 after acquiring an additional 25,408 shares during the period. Institutional investors and hedge funds own 72.20% of the company’s stock.

Amazon.com Price Performance

NASDAQ:AMZN opened at $197.12 on Friday. Amazon.com, Inc. has a 12 month low of $142.81 and a 12 month high of $215.90. The company’s 50-day moving average price is $193.00 and its two-hundred day moving average price is $186.32. The firm has a market cap of $2.07 trillion, a PE ratio of 42.21, a price-to-earnings-growth ratio of 1.37 and a beta of 1.14. The company has a quick ratio of 0.87, a current ratio of 1.09 and a debt-to-equity ratio of 0.21.

Amazon.com (NASDAQ:AMZN) last announced its earnings results on Thursday, October 31st. The e-commerce giant reported $1.43 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.14 by $0.29. Amazon.com had a net margin of 8.04% and a return on equity of 22.41%. The company had revenue of $158.88 billion for the quarter, compared to analyst estimates of $157.28 billion. During the same period in the prior year, the business earned $0.85 earnings per share. Amazon.com’s quarterly revenue was up 11.0% on a year-over-year basis. On average, equities analysts anticipate that Amazon.com, Inc. will post 5.27 EPS for the current fiscal year.

Analyst Ratings Changes

Several research analysts recently commented on the stock. DA Davidson reiterated a “buy” rating and issued a $235.00 target price on shares of Amazon.com in a report on Thursday, October 10th. Itau BBA Securities downgraded shares of Amazon.com from an “outperform” rating to a “market perform” rating and set a $186.00 price objective on the stock. in a report on Friday, August 2nd. Monness Crespi & Hardt boosted their price objective on shares of Amazon.com from $225.00 to $245.00 and gave the stock a “buy” rating in a report on Friday, November 1st. TD Cowen boosted their price objective on shares of Amazon.com from $230.00 to $240.00 and gave the stock a “buy” rating in a report on Friday, November 1st. Finally, Jefferies Financial Group boosted their price objective on shares of Amazon.com from $225.00 to $235.00 and gave the stock a “buy” rating in a report on Friday, November 1st. Two research analysts have rated the stock with a hold rating, forty have assigned a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus price target of $235.77.

Insider Transactions at Amazon.com

In other news, Director Jonathan Rubinstein sold 4,766 shares of the company’s stock in a transaction that occurred on Thursday, November 7th. The shares were sold at an average price of $209.85, for a total transaction of $1,000,145.10. Following the transaction, the director now directly owns 94,630 shares in the company, valued at approximately $19,858,105.50. This represents a 4.79 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, SVP David Zapolsky sold 2,190 shares of the business’s stock in a transaction that occurred on Tuesday, September 24th. The stock was sold at an average price of $195.00, for a total transaction of $427,050.00. Following the sale, the senior vice president now directly owns 62,420 shares of the company’s stock, valued at approximately $12,171,900. This trade represents a 3.39 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders have sold 6,011,423 shares of company stock worth $1,249,093,896. Corporate insiders own 10.80% of the company’s stock.

About Amazon.com

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.